Articles
Thought Leaders
Quantifying Transportation Performance With Technology Tools
Q: What strategic direction have shippers and carriers developed to increase partnership value? A: Shippers and carriers have become more collaborative in their approach to pricing. For example, in the less-than-truckload market, shippers have begun to use carriers’ rate base when running their bids. This creates value for shippers by using each carrier where it […]
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Managing Shipment Data to Meet Customs Requirements
Q: How are Customs agencies changing their approach to reviewing transactional data, and how will this affect shipments and traders? A: Collaborative Border Management (CBM) between Customs agencies will allow countries to exchange trader and shipment data in a live environment so non-compliance and perceived threats can be readily identified, measured, and monitored. Customs is […]
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Building an Effective Import Compliance Program
Q: How do shippers create an importing program? A: Meeting import control obligations need not be a painful experience. Proactive import compliance planning and governance will minimize the risks and negative consequences of non-compliance. First, understand current import laws and regulations. Familiarize yourself with government policies and procedures prior to actually importing your goods. You […]
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How Freight Classification Changes Impact Shippers
Q: What are some of the recent and proposed changes to the National Motor Freight Classification (NMFC) used to determine the class for rating less-than-truckload (LTL) shipments? A: The most notable change—effective Dec. 1, 2012—was in classifying computer equipment. Under the new classification, this product type moved to a density-based rating with the lowest possible […]
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Connecting Through an Online Network Gives Supply Chain Partners Strength in Numbers
Q: What is the Real Time Value Network, and what differentiates it from traditional technologies? A: The Real Time Value Network is a cloud-based "many-to-many" network platform that enables a virtually unlimited number of trading partners to plan, execute, monitor, optimize, and synchronize in real time all of the business processes and events that take […]
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Ports and Shippers Prepare for the Post-Panamax Age
Q: What are the key issues shaping the future of maritime trade? A: One of the greatest opportunities coming to the maritime sector is the widening of the Panama Canal, which will be completed in 2015. It will impact the face of global commerce, and affect trade patterns to the U.S. East Coast. Shippers bringing […]
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Trading Partners Work Together to Secure Maritime Cargo
Q: How are ocean carriers and shippers addressing security standards? A: When U.S. Customs and Border Protection (CBP) introduced the Customs Trade Partnership Against Terrorism (C-TPAT) initiative after the Sept. 11 attacks, it gave government, shippers, carriers, port authorities, and other transportation and logistics intermediaries a platform to build better security protocol into the supply […]
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SaaS-Based Transload Management Systems Enable Transport Efficiencies
Q: Why are rail shippers turning to transload facilities to ship products to receivers? A: Transload facilities bring significant economic advantage to shippers who are not directly served by railroads, but desire the cost-effectiveness of rail shipping. Transloading operations provide the capability to transfer products between transport modes—primarily truck to rail. Typically, products are transported […]
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Shared Technology Resources Hold the Key to Supply Chain Optimization
Q: How can value chain partners cooperate to create and share efficiencies? A: While it is understandable for each supply chain partner to maintain its own information technology, many companies rely on more than one IT system—along with spreadsheets and email—to manage supply chain operations. To further complicate matters, every transaction in the complex global […]
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Information Access Differentiates Transportation Providers
Q: What are the most important elements of an information technology (IT) strategy for participants in the transportation chain? A: Strategically, there is only one IT goal: to differentiate your service from your competitors. Tactically, you need to figure out how to deploy mobile computing for customer- and employee-facing iPad and smartphone applications. Today, information […]
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Collaborative Visibility for Optimum Efficiency and User Experience
Q: Why is collaborative visibility important? A: Supply chains have become extremely complex and fluid. The number and variety of products has exploded, lifecycles have shrunk, and interdependencies between organizations are at an all-time high. Natural disasters such as Japan’s tsunami in March 2011 showed that a major global event can have a far-reaching impact […]
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For Truck Financing, Bank on a Transportation Expert
Q: What is the current market for financing and leasing commercial trucks and equipment? A: Generally, the trucking industry is experiencing a favorable banking and finance market as most commercial banks continue to show relatively healthy interest in financing revenue equipment. Borrowing rates are near all-time lows, so locking in equipment financing today is appealing […]
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With WMS, Small Businesses Can Do It All
Q: How can smaller companies respond to the supply chain demands of their large customers? A: The best way for suppliers to respond is to manage their own segment of the supply chain as efficiently as possible. They must optimize their inventory and distribution operations by applying the proper resources—human, financial, and technological—to drive excellence […]
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Asset-Based Carriers Give Shippers an Advantage
Q: What are the advantages of sourcing supply chain solutions directly through asset-based providers? A: When capacity becomes tight, maintaining relationships with asset-based carriers gives shippers—and non-asset solution providers who partner with us—the peace of mind of knowing their supply chain and service will remain seamless and fluid. When capacity is constrained, communication is essential […]
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Choosing the Right WMS For Your Business
Q: The WMS selection process seems to be based on spreadsheets and feature-driven lists of requirements. Is this the best place to start? A: Many consultants and professional organizations suggest companies can select a WMS by reviewing standard feature lists, conducting a conference room pilot, and adding customization as needed to deliver the design and […]
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Available Capacity Brings Value to Today’s Logistics Buyers
Q: From your perspective as a truck capacity provider, where is the balance between demand for trucking services and the currently available truck capacity? A: It has been reported that up to 20 percent of truckload capacity that existed in 2007 is gone. Some carriers are failing to deliver on time, and the day may […]
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Co-locating Reverse and Forward Logistics Unlocks Value of Returns
Q: Why is reverse logistics an important function in today’s consumer electronics supply chain? A: Companies are trying to extend product lifecycles, as well as maximize asset recovery value. If they spend money to make a product, they want to recapture as much of the original cost as possible. Consider that 65 to 70 percent […]
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Developing a Comprehensive Transportation Strategy
Q: What advice do you have for companies attempting to optimize their inbound freight? A: It’s worth the effort. Traditionally, companies have focused on low-hanging fruit, such as improving efficiencies and reducing outbound transportation costs. Overlooked is the more difficult task of managing inbound transportation, which can often be multi-modal, multi-leg, and international. Companies need […]
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SaaS-Based TMS Empowers Global Freight Management
Q: What are the biggest challenges facing shippers in today’s economic environment? A: In today’s volatile market, managing transportation domestically and globally is a key factor for a more efficient and cohesive supply chain. Many businesses still use manual methods to manage freight, with no way to measure service or performance. Other companies are bound […]
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3PLs Control Loads to Provide Shippers Superior Service
Q: Third-party logistics (3PL) companies face many challenges with each shipment they manage. Why is it critical for 3PLs to take control of their shipments? A: In today’s difficult economy, shippers look for efficiencies such as maintaining smaller inventories and scheduling employees to unload freight at key consumption and/or distribution times. This demand only increases […]
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