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5 Actions to Optimize Logistics Costs
Logistics leaders face pressure from their stakeholders to optimize logistics costs while maintaining service and performance levels. Gartner Inc. identifies the following five actions to help you optimize costs from within your organization. 1. Eliminate costly errors. In logistics, errors occur regularly and often come at a cost. For example, shipments may be non-deliverable due […]
Read MoreChina’s Trade Outlook Declines as Air Drags
Trade tensions between the United States and China have many repercussions, according to the DHL Global Trade Barometer, an early indicator of global trade developments calculated using artificial intelligence and big data analytics. China’s September 2019 trade outlook registered a four-point decline from June to an index value of 45, according to the DHL data. […]
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Great Lakes Ports Stay on Course
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum, and wind energy components, and supporting the region’s construction activity and energy needs. Overall, St. Lawrence Seaway tonnage for the season (March 22 to September 30) reached 24.8 million metric tons, down 6% […]
Read MoreTaking Data on the Road: A New Approach to the Transportation Supply Chain
Consumer behavior is complicating the transport of goods. In the past, shippers would utilize freight carriers to transport finished goods to a single store or a chain of big box locations. Consumers would then take weekly or bi-weekly trips to stock up on whatever goods they preferred. But that long upheld process is now changing. […]
Read MoreHow Retailers Can Use this Holiday Season to Inform Future Supply Chain Strategies
The 2019 holiday season is here, and consumers are already mapping out their online and in-store shopping strategies for Black Friday and Cyber Monday to find the best deals. On the other hand, retailers have been gearing up their supply chains to support peak ordering and sales for months. Today’s technological innovations offer retailers tools […]
Read MoreParts & Parcel
Driven by an increase in e-commerce, global parcel volume grew from 74.4 billion shipments in 2017 to 87 billion last year. On average, 23 parcels per person were shipped globally, and 2,760 parcels were shipped every second, according to the Pitney Bowes Parcel Shipping Index. Collectively, China, the United States, and Japan lead the global […]
Read MorePushing the Speed Limit: Increasing Operational Efficiencies with Digital Payments
Logistics is an industry that depends on speed, efficiency and accuracy for virtually every aspect of its business but one – payments. Up and down supply chains, paper checks remain the dominant form of payment, requiring manual data entry that slows every stage of the process, particularly when it comes to towing and warehouse operations. […]
Read MoreFMCSA to Announce Two-Year Delay in ELDT Rule
Federal trucking regulators are nearing a formal notice that they plan to delay implementation of the Entry Level Driver Training rule by up to two years after it was set to go into effect on a limited basis February 7th. The notice could be posted as soon as before Thanksgiving, a DOT official who asked […]
Read MoreThree Steps Manufacturers Can Take to Improve Supplier Collaboration
We all use technology to make our lives easier. We have software to manage household budgets and smart watches to keep us on schedule. And in the manufacturing world, technology can give real-time visibility into the entire supply chain process and empower collaboration with suppliers. Yet somehow, nearly two-thirds of manufacturers working in complex, highly-regulated […]
Read MoreFedEx delivery robots seen in New York City
As part of a promotion, FedEx sent out its’ SameDay Bots — also known as Roxos — on the streets of New York City last week. FedEx stated, “The Bot was visiting New York for a special event. Future testing plans are not yet determined.” The SameDay Bots are undergoing testing in other markets. They […]
Read MoreFlorida and Mexican Seaports Sign Agreement to Enhance Trade
MIAMI – On behalf of Florida’s 15 seaports, the Florida Ports Council (FPC) has entered into a Letter of Intent (LOI) with the Coordination of Ports and Merchant Marine (Coordinadora de Puertos) of Mexico to maintain relations that promote international commerce and economic development. The Coordination of Ports and Merchant Marine is an agency of […]
Read MoreFedEx Disputes New York Times Report on Company Investments
MEMPHIS, Tenn. – FedEx’s founder and CEO, Fred Smith, responded to the New York Times after it published a critical article contending FedEx didn’t make enough promised capital investments after Congress passed a tax cut. The newspaper claimed that tax cut brought FedEx’s tax rate to less than zero in 2018. A company spokesperson stated […]
Read MoreFive Reasons Why the Delivery Economy Is Here… Now
Providing a great customer experience has long been a key factor in predicting any business’s success. Traditionally, this meant providing customers things like a comfortable place to shop, attentive and courteous sales associates, and a generous return policy. But, like everything else today, new digital technologies and services have dramatically changed what customers expect during […]
Read MoreHampton Wall Named Chief Executive Officer of Trax Group
Scottsdale, Arizona – November 18, 2019 – Trax Group, a leader in cloud-based transportation spend management solutions, announces that Hampton Wall has joined the company as Chief Executive Officer. Hamp has over twelve years of experience in the enterprise spend management industry, previously serving as CEO of both Proactis (LON:PHD) and Perfect Commerce. Hamp succeeds […]
Read MoreThree Ways 5G Will Benefit the Logistics Industry
Fundamentally different from previous generations, 5G, the next generation wireless network technology, is engineered to greatly increase the speed and responsiveness of wireless networks. It promises data rates 100x those of 4G, with network latency around 1 millisecond, support for 1 million devices/sq. km., and 99.999 percent availability of the network. A connected world enabled […]
Read MoreBreaking News – Walmart Canada and DLT Labs™ launch world’s largest full production blockchain solution for industrial application
TORONTO, Nov. 14, 2019 /CNW/ – Walmart Canada and DLT Labs™ today announce the launch of Walmart Canada’s blockchain-based freight and payment network, the world’s largest full production blockchain solution for any industrial application. The new system uses distributed ledger technology to track deliveries, verify transactions, and automate payments and reconciliation among Walmart Canada and […]
Read MoreNoted: The Supply Chain in Brief-Nov 2019
Shovel Ready Transportation management company Ruan broke ground on its new Iowa operating center, which will provide transportation and warehousing services to customers across the Midwest. Construction of the Ankeny Operating Center, which will serve as the provider’s flagship operation, is scheduled to be completed in September 2020. Transwestern Development broke ground on the Sam […]
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IN BRIEF: New Services & Solutions-November 2019
Products UNEX Manufacturing’s new Keg Flow Solution for distribution centers keeps beer kegs flowing smoothly through supply chains. Keg Flow stores traditionally hard-to-handle kegs in an ergonomic and space-saving fashion with room for more kegs per pallet and a versatile steel roller track. Toshiba introduced the BA400 thermal barcode printer, which has a compact design allowing top […]
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