Increasing use of railroads in moving freight has a moderating effect on volatility. Focusing rail on long distance hauls where it clearly has fuel economy advantages, while getting trucks to do the first and final mile hauling, has the potential to minimize freight supply and demand troughs. A more stable and predictable freight system using both rail and truck means lower operating costs for all.
Brad Forester sits down with Joe Lynch, host of The Logistics of Logistics podcast to talk about the FreightTech market, focusing on the impact of AI and machine learning, and strategies for implementing logistics technology.
Truckload costs—and the corresponding market prices—are still at or near the lowest threshold that the market can support. Truckload Breakeven Price Per Mile is now above $2.50 for the first time.
It’s no surprise that over the last 20 years, the “Duopoly” of FedEx and UPS tops the list of carriers consistently over the span of time. This post shares some fun factoids and trends.
The transportation freight bid process can be complex and challenging. Here are 7 ways you can simplify the process and increase the likelihood of a successful bid.
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.
The RFP isn’t broken. Your process is! In this webinar moderated by Marney Edwards of Loadsmart, industry experts Rush Feldhacker of Metafora and Dennis Heppner of JBF Consulting discuss why the annual RFP is going extinct.
Check out this lively conversation with Joe Lynch and Michael Wolf, JBF Client Engagement Director, on this latest episode of the Logistics of Logistics Podcast. They discuss why freight tech fails and what can be done to improve the situation.
“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