Articles
Commentary
Environmentalists: ‘It’s My Way, Not the Highway’
When it comes to balancing environmental concerns with the need to improve and expand the U.S. transport infrastructure, there is a right way and there is a wrong way. Take California, for example. While Governor Schwarzenegger was traveling in China on a mission to forge more trading opportunities, I was touring the part of his […]
Read MoreLiability Lessons Learned in 2005
This year began with expectations that insurance rates would finally decline as markets recovered from the effects of Sept. 11. Over the past several years, insurers imposed strict underwriting disciplines to restore profitability to the market, which, in turn, attracted new capital. This brought about greater competition and with it, the prospect of softening premiums. […]
Read MoreIdentifying Products: It’s Not Just About RFID
Not all issues surrounding proper identification of products involve RFID. Companies must address some core challenges to reap the maximum benefits of product identification and visibility. In this age of RFID research, development, hype, good works, pilots, case studies, claims, ever-evolving standards, and the force of the big gorillas—super-retailer Wal-Mart and the Department of Defense—it’s […]
Read MoreSelecting a Logistics Supplier? Think Supple
We all know why companies outsource logistics functions—outsourcing should allow them to save money and focus on their primary goals. “Should,” however, is the operative word. To turn “should” into “does,” companies need to partner with a supple supplier. What is a supple supplier? One that has no set ideas on best practices when providing […]
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Getting Time Limits on Your Side
Shippers are familiar with the rule that they must file claims against carriers in writing within the time limits defined in carriers’ bills of lading or tariffs, or in government statutes or treaties. But rules have exceptions. The Carmack Amendment, for example, states that a motor carrier, freight forwarder, or railroad may not limit the […]
Read MoreDoes RFID Pass the Return on Assets Test?
Proponents rarely discuss RFID without claiming dramatic inventory savings. These savings, however, require businesses to invest in RFID and wait to reap returns. When evaluating investments—such as RFID—aimed at reducing inventory and working capital, consider the impact on Return on Assets (ROA), a proven indicator of an investment’s financial impact. ROA is calculated as revenue […]
Read MoreFreight Damage Claims: Know, Act, Reap
The Latin phrase Ipsa Scientia Potestas Est may be the most quoted maxim of our information age—knowledge is power. In business we use the “knowledge is power” principle to shape our decisions so we can reap positive long-term rewards. One unsung area where properly applied knowledge yields power is comprehensive management of the freight damage […]
Read MoreDiversifying Your Supply Chain Portfolio
Diversification is a sound strategy for investors and logisticians alike. Just as those skilled in arbitrage hedge investments to mitigate risk and allow for modest portfolio growth by taking advantage of small value increases in other areas, supply chain practitioners diversify their proprietary and outsourced logistics assets—abroad and at home—to lay off risk, reduce costs, […]
Read MoreWorking on the Railroads
The recent fuel crisis emphasizes just how much we need our national rail system. The rails, with their efficient fuel usage, are a vital link in most supply chains; the only link in others. Rail hubs and intermodal transportation connect shippers to truckers, and to ocean and air carriers. But the fuel crisis has also […]
Read MoreStates Targeting Logistics Hit the Bull’s-Eye
How much do you know about state and local economic development policy? Here’s a quiz. Check which industry is most favored in terms of federal, state, and local tax incentives: Industry A, where national employment has grown by 12 percent over the last five years, and will continue to accelerate with the globalization of the […]
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