From a shipper perspective, the softening of the US freight markets comes as a welcome relief. Contract rates, which have remained stubbornly high, have slowly begun to fall. There is still a significant delta between contract and spot rates, however market forces will put downward pressure on contract rates to close this gap over the next few months.
In this podcast episode, Adam Perlmutter chats with Mike Mulqueen, Consulting Strategy Practice Lead at JBF Consulting about logistic systems and the complexity of selecting the right one. Mike also outlines big logistics technology changes, recent market trends, and key technologies/considerations that shippers should be watching.
Given my primary role at JBF Consulting is to evaluate and recommend TMS solutions for our customers, the main stage presentation given by Oracle Sr. Director of Strategy, Dr. Srini Rajagopal was most relevant to me. In this session, Dr. Rajagopal laid out Oracle’s short to mid-term strategic investment areas. Here are the 5 most interesting roadmap items as well as my perspective on their usefulness for a transportation operation.
“Blue Yonder has the best pedigree of any supply chain company as it pertains to math based, predictive decision making.”
“The old way of doing business, where a carrier has to commit to providing capacity (on a lane) for an entire year is not working anymore. There is a need for a nimble, continuous bidding process.” says Mike Mulqueen quoted in today’s Forbes article ‘Freight Truck Shortages Are Changing The Face Of Logistics’ by Steve Banker.
📭 Subscribe to the JBF Monthly Bulletin for Industry Updates OCEAN CONTAINER RATES (Asia to US) As we watch the global ocean container situation unfold, there are a few interesting backstories to keep an eye on: 1. End to End Solutions… Read More
In this Digital Dispatch podcast episode, Blythe Brumleve and Mike Mulqueen talk about the flood of technology that has hit the logistics market and how it can make or break a company should they choose the wrong provider. But how do you know what technology is right for your business? That’s what our guest Mike Mulqueen of JBF Consulting is breaking that all down today.
There is no shortage of tech options in our industry. The reality is, some will make it, and some won’t. Being able to decipher who is real and who is not is a key question! Check out this conversation with Mike Mulqueen and Chris Jolly aka #TheFreightCoach as they discuss freight tech trends. Mike shares insights on the largest TMS companies and some of the recent mergers and acquisitions.
📭 Subscribe to the JBF Monthly Bulletin for Industry Updates DAT DRY VAN Contract Van Rates and Spot Van Rate Trends DAT Freight & Analytics reports the national average spot and contract dry van rates in September converged at $2.83 / mile. When… Read More
In this podcast episode Mike Mulqueen and Joe Lynch discuss freight tech trends. Mike shares insights on the largest TMS companies and some of the recent mergers and acquisitions. Mike and the team at JBF Consulting advise and consult the… Read More