Economics seems so easy…supply and demand. As demand goes up, supply reacts accordingly – either supply remains unchanged, but higher prices and longer waits satisfy the demand or increase the supply to satisfy the demand while keeping prices …
When you’re outsourcing key logistics functions to a third-party logistics provider (3PL), it’s important to have a system in place to track and measure their performance. Whether they’re managing your warehousing, transportation, or entire supply chain from end …
Increasing carrier insurance costs in combination with large “nuclear verdict” penalties have played a huge part in the abnormal amount of recent carrier bankruptcies. And, as more juries are awarding these types of verdicts, even some insurance companies …
One of the most difficult issues shippers who operate their own fleet and most logistics companies today face is the persisting lack of available drivers. As a result of this labor shortage, companies have to shell out more …
While the truckload spot market is still showing record high spikes, things seem to be winding down a little, at least for right now. This brief calm could not have come at a better time for those trying …
With everything the logistics industry has been through in the past year, many of us are left wondering — what’s next? The current disruption from technology and other changes that are sweeping the transportation sector, however, marks only …
While it’s been established how aiming to be a Shipper of Choice has its fair share of benefits, it’s quickly become a relevant topic for many in the industry again.
There’s a lot of data out there showing how improving efficiency can help shippers and logistics companies increase their profit margins and ultimately reach new heights of success. With the right technology, businesses can track shipments as they …
Recently the Council of Supply Chain Management Professionals (CSCMP) released their 31st Annual State of Logistics Report. This thorough industry analysis featured 63 pages of detailed information that dove into the logistics of 2019 and 2020 and offered valuable insight …
Despite the many disruptions introduced into shippers’ supply chains by the COVID-19 crisis, new research shows positive signs for the warehousing sector. Due to factors like an all-time low vacancy rate, the pre-coronavirus market could handle the short-term …