Articles
Thought Leaders
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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