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Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Logistics from MIT, and an MBA from Georgia Tech.
Matt is Chief Technology Officer at Greenscreens.ai , a freight-tech company on a mission to rock the freight world through accurate predictions, actionable insights and cutting-edge technology. Matthew holds a Bachelor of Industrial Engineering with Honors from Georgia Tech and a Master of Engineering in Logistics from MIT.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. regions are emerging as reshoring hotspots: Southeast U.S.
Add in soaring air freight costs, and the fruit will not only be hard to find, but incredibly expensive. Gatik’s self-driving trucks to haul Georgia-Pacific goods to Sam’s Clubs. Waymo is integrating Uber Freight, the ride-hail company’s truck brokerage, into the technology that powers its autonomous big rigs.
Transportation and logistics services provider FedEx announced this week that it has decided to spin off its FedEx Freight business unit. The freight unit was established in 2001, when FedEx Corporation acquired and merged the assets of American Freightways , Viking Freight and Watkins Motor Lines.
Drennan struggled to obtain a driver’s license from the Railroad Commission in charge of regulating motor-freight at the time, allegedly because of her hearing loss, though Drennan believed it to be related to her gender. Ukraine in the news: War in Ukraine disrupts ships around the globe. And now on to this week’s logistics news.
Carriers, freight forwarders, and shippers that were dealing with the China to North America trade lanes were already operating in crisis mode. Those shipments need to go by Ocean or the more expensive Air mode if ship berths can’t be found. Because of this, they are predicting rates will skyrocket for Ocean and Air.
economy in 2017 and so far in 2018, manufacturers have been producing more goods than usual and requiring more freight to be shipped. Southern states, such as Georgia and Florida, will seek additional capacity to transport and distribute their perishable produce throughout the country during the annual produce season.
Although the coastal towns in the path of Hurricane Florence are generally at the receiving end of the distribution chain, there are 4 port cities in the hurricane's path that will certainly affect freight movements — and likely result in rate increases in those markets. Want to help? See the port's website for more closure information.
Coming into 2019, issues like the tariff wars, driver shortage, and rising freight rates were high on transportation managers’ radar screens. Freight rates have leveled off (and even retreated, in some cases). Reefer freight rates continue to drop, with a current national average of $2.14 Starlite Trucking, and LME.
As we move into the back half of May, the freight market is starting to show signs of an expedited rebound. . Th ese conditions have caused a more favorable freight environment. That is e specially the case for outbound freight in southern states and California where produce season is in full swing. . Logistics? ? .
Additional complexities in paperwork add to an already overabundance of freight invoice errors within the industry. Therefore, even when validated carrier damage occurs in a tremendous shipper-carrier business partnership, shippers should not expect to see the total value of their freight shipment due to the carrier liability limit.
Its borders consist of Bulgaria, Georgia, Greece, Syria, and the Aegean and Mediterranean Seas. Twenty heliports can help with the speedy delivery of air freight when necessary. Turkey’s merchant marine boasts 1,234 vessels, including 57 bulk carriers, 54 container ships, 363 general cargo ships, 124 oil tankers and 636 other vessels.
Since 2009, when ScottsMiracle-Gro began implementing its new distribution model, the Company has reduced the number of miles traveled to ship products to home center customers by approximately one-third. ScottsMiracle-Gro is consolidating the warehousing and distribution of its bagged products that are shipped to home center stores.
A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. Revenue: $74.969 billion (12 months ending March 31, 2020), $74.094 billion (2019) Headquarters: Atlanta, Georgia, USA CEO: Carol Tome 2. Kuehne + Nagel Inc. Jacobs in 2011.
state of Georgia. With 87 airports that have paved runways, Poland’s air infrastructure is more than adequate for freight shipments. Its prime location in Europe makes it an ideal location for shipping across Europe or Asia. The country joined NATO in 1999 and later became a member of the EU in 2004. The labor force is 17.6
This shows that shippers are capitalizing on new mode/route combinations that will help them save cost, reduce lead time, and mitigate supply chain disruptions and risks (such as labor disputes in the ocean shipping industry). It’s also important to have access to local expertise when evaluating ways to shift freight to the new Silk Road.
This shows that shippers are capitalizing on new mode/route combinations that will help them save cost, reduce lead time, and mitigate supply chain disruptions and risks (such as labor disputes in the ocean shipping industry). It’s also important to have access to local expertise when evaluating ways to shift freight to the new Silk Road.
Worldwide container shipping and the supply chain as a whole have felt the reverberations from the “Shanghai Shutdown.” state of Georgia, for example, 10 percent of the freight imported through its port in Savannah comes from Shanghai, said Georgia Ports Authority Executive Director Griff Lynch. In the southern U.S.
In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. By the 1960s, a clear trend had developed in shifting more time-dependent freight transportation to truck rather than rail.
As the nation’s supply chain challenges continue, one Georgia logistics company is quietly expanding its footprint to help calm the chaos. CargoBarn , a proven logistics innovator in freight brokerage, recently tripled its Atlanta footprint as the company sprints to 1,000 employees across multiple offices nationwide. About CargoBarn.
Because import freight is sitting on docks longer and warehouses receiving containers are backlogged, we’re also seeing a shortage of containers and chassis to move containers. Fund the Georgia Port Authority pop-up container yards project by reallocating more than $8 million . Recommendations for Manufacturers.
At 301,340 sq km, it is about twice the size of the US state of Georgia. Annual freight traffic was 945,433,732 mt-km in 2015. It has 20 regions and five autonomous regions. Border countries include Austria, France, Vatican City, San Marino, Slovenia and Switzerland. Manufacturing in Italy.
Here are a few takeaways: Logistics and Supply Chains: The shipping and logistics industry, especially along the Eastern Seaboard and Gulf regions, will be disrupted due to port closures and delays in freight movements. The findings are detailed in the full Client Alert: Hurricane Helene.
On the outbound side the system automatically creates fully cubed mixed vendor and retailer owned goods to be shipped direct to store. See you at next year’s CSCMP in Atlanta Georgia where I have already proposed to chair a track called The Social Supply Chain! Jeff Ashcroft.
Produce season transportation can have an impact on your freight, even if you do not ship grains, fruits, or vegetables. Peak produce shipping season refers to the time period when the largest volume of fruits and vegetables are harvested and subsequently shipped to markets across the US, impacting truck capacity.
In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. By the 1960s, a clear trend had developed in shifting more time-dependent freight transportation to truck rather than rail.
Our Judges are: Alexander Rhodeen serves as a supply chain catalyst with the Advanced Technology Development Center (ATDC), Georgia’s technology business incubator, at Georgia Tech. Catch my weekly column on air cargo, freight forwarding, and the express markets, and the occasional podcast on Air Cargo World.
Faster shipping & receiving times. Shipping efficiency is also more possible when bigger batches are broken down into smaller shipments and loaded onto freight going in the same direction. Loads can also be unloaded closer to ports that ship out products, meaning fewer stops and transfers are required.
MHI shared that from March 28-31, “Over 37,047 visitors connected with over 857 exhibitors across 405,000 square feet of exhibit space at Atlanta’s Georgia World Congress Center,” noting the attendee number as record-breaking at “20% more visitors than the last pre-pandemic show.”
2023) INTERMODAL SHIPPING: “ Intermodal shipping means moving a product from one point to another while keeping the product in a single container. TRANSLOADING SHIPPING: “With transloading shipping, freight is loaded and unloaded, depending on where the cargo is in the supply chain process and the mode of transportation.
This start-up was founded by Matt McKinney and Shaosu Liu, both of whom had backgrounds at Uber Freight and decided to tackle the massive problem of building a new structure for the legacy freight payment system that supports the global supply chain. will reportedly be one of the largest fully interoperable chassis pools in the U.S.,
Rivian Automotive is now free to sell its EV parcel vans to other parcel carriers, and added reinforcement from multiple ocean container shipping carriers that the existing industry volume declines could extend for two to three years. based Alabama and Georgia production facilities. factory workers an 11 percent pay increase this year.
Hurricane Michael made landfall on the Florida Panhandle yesterday as a Category 4 storm and continues to move across Georgia and into the Carolina’s. 900,000 homes and businesses are experiencing power outages in Florida and Georgia. The storm has directly impacted Florida, Georgia and both North and South Carolina.
Carrier earnings begin to feel impact of softening trucking freight market. On Monday, Convenant Transportation became one of the first carriers to show the results of a depressed freight market as their first quarter earnings failed to meet expectations. Meanwhile, in this week's, "Where's my freight?!". Spotify. ,
The manufacturer’s private fleet has deployed a fleet of Einride EVs to haul freight between GE Appliances’ inbound warehouses and manufacturing facilities in Kentucky, Georgia, and Tennessee. And now on to this week’s logistics news. In some locations, it’s both technologies on the same truck.
LTL Freight Rates: from Major Cities in the USA to Atlanta, Georgia. If you’re shipping pallets within the USA, you’ll be interested in seeing our new rate discounts! Get free freight quotes in seconds, and book & track your shipments online on Freightera.com. Get free freight quotes on Freightera.com.
To understand why more than 100 container ships are waiting to enter U.S. ports from Southern California to Savannah, Georgia, it helps to keep tabs on the congestion that’s building at another key junction of freight transportation: rail yards.
Interview with Benoit Montreuil, Professor, School of Industrial and Systems Engineering; Director, Physical Internet Center; Director, Supply Chain & Logistics Institute, Georgia Institute of Technology, Atlanta. Interviewed by Eric Beckwitt, Founder and CEO, Freightera. Europe has been aware and active since 2010.
Headquartered in Alpharetta, Georgia , Aptean is a global provider on industry specific software. Founded in 2020, support is provided for load management accounting, freight billing, driver and vendor payments, along with payroll. No financial details were disclosed regarding this acquisition.
If youre a shipper who relies on refrigerated truckload freight, youve likely experienced the challenges of securing reefer capacity during produce season. along with their peak shipping timelines. Shippers moving produce have pre-booked capacity, leaving little room for last-minute freight.
That means a lot of freight delivery schedules are going to slip. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions.
At CSCMP Edge 2017, Kenco hosted a roundtable of supply chain leaders from companies like Coca-Cola, ChervonTechnologies, Georgia-Pacific, Kids II, and Sealed Air to work through the challenging but critical road ahead. SCM #SupplyChain #Freight #Logistics #Future #Technology #Leadership.
When Jim Syfan, CEO of Syfan Logistics , first started working in the freight brokerage business in the 1970s, there were no load boards, no desktop computers, no internet. One of Syfan's customers frequently shipped to Portland, Oregon. The truckers helped us out, and we kept them from having to deadhead back home," he said.
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