The slowing gross domestic product (GDP) growth and a change in growth toward services has adjusted freight markets for both truckload and rail. Read this month’s Market Update for highlights on some of the key factors that impact the transportation industry in North America. Then share your thoughts on these topics and other issues that affect your business.
Supply Chain Consulting
A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market.
Interrupted supply chains can mean costly delays and unsatisfied customers. A strategic approach to obtaining what you need to keep your business and products moving—whether you’re sourcing raw materials, manufactured accessories, or transportation capacity—can help avoid unforeseen disruptions and create a competitive advantage in today’s changing market. So just how strategic are you when it comes to sourcing transportation capacity? Ask yourself these four questions:
Nearshoring, the act of transferring manufacturing and production lines away from its foreign location and closer to the United States, is increasing in popularity. More U.S. parties show significant interest in better understanding the cross-border shipping process. The increased interest has exposed many misconceptions within the shipping community, which otherwise cloud the fundamentals of cross-border transportation. Clarifying these assumptions helps improve efficiencies, increase visibility, and grow U.S./Mexico trade relationships. Listed below are three common and incorrect assumptions shippers make about the cross-border shipping process. » Read More
In the transportation industry, there are many moving parts that can impact your day-to-day operations. From monitoring carrier capacity and driver shortages to tracking diesel pricing and government regulations, staying current on relevant news means you will be better equipped to make knowledgeable business decisions and drive growth and efficiency into your supply chain. This month’s Market Update highlights key factors that impact the transportation industry in North America, including the latest Shippers Conditions Index (SCI) reading, which, while at the highest it’s been since 2010, has been predicted to be short-lived.
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3 ways to become an attractive shipper to carriers
I saw a news report that said truck driving is the easiest, most available type of job you can get today, and the least attractive job there is. Detention is one big reason. Shippers and receivers know already that detention at their facilities impact a driver’s hours of service (HOS), but they may not know how to correct it. I’ve done more work recently with companies to assess dock congestion, obtain transportation tools to support a solution, and turn shippers into the kind that carriers want to work with. Here’s how we collaborated with one customer on a project like this.
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