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Welcome to the 32nd edition of the JBF Bulletin, a monthly newsletter curated by the JBF Consulting team, with a focus on supply chain, transportation, logistics and of course freight. And, we kindly thank you for reading (and sharing!) this newsletter.
This month, Mike Mulqueen shares the US Domestic Freight Outlook. 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.
As we wind down the month, we at JBF wish you and your family a wonderful and safe Thanksgiving Holiday.
Have an interest in learning more about this topic - reply or reach out to me on LinkedIn.
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IN THE NEWS
Shippers should devise a strategy to take advantage of the depressed spot market. This could be leaving a certain amount of volume outside of the TL bid process or using the spot market more effectively on low-volume lanes. Read our recommendations here
Nate Shutes, host of FreightWaves "Bootstrappers Guide to Logistics" podcast talks with JBF Founder Brad Forester about the finer points of running a supply chain consulting agency. Brad shares his golden nuggets on how to evaluate risk, build scalable solutions and work ON the business rather than IN the business. Give a Listen Here.
NEW FROM THE BLOG
Most shippers drop the ball by not paying enough attention to the post-bid process which prevents them from capturing all of the benefits afforded to them. Justin Wilcox and Mark Kroner share their Top 10 post-procurement activities that will help you extract maximum value from your transportation freight spend.
IN THE NEWS
The host of aspiring AV truck providers may slow their advance and begin to follow a more deliberate path toward the twin goals of full commercialization and full autonomy according to Tony Wayda, JBF’s Transportation and Logistics Principal. Read the full story here.
COOL THINGS HAPPENING AT JBF!
JBF Consulting provide advisory to develop U.S. supply chain improvement roadmap for a healthcare technology, medical device, and treatment company. Here are the results.
JBF SENTIMENT RATING
We are intrigued at the possibilities that the BY Luminate TMS web services will offer once completed, and we are also eager to see other extensions that shore up some of the less mature areas of the system, most notably fleet and parcel management. Check out Mike Mulqueen's assessment here in this TMS Product Roadmap Review.
LOGISTICS GEEKS GEEKING OUT
OTM Expert in the Making!
Cedric Porter, the newest team member to join the JBF logistics geeks is well on his way to becoming an OTM expert.
We couldn't resist sharing this hilarious LinkedIn post from Ed Burns about how words can mean different things to people in our industry. Quite a few good ones added to the comments too. View the Post Here.
The JBF Freight Transportation Industry Bulletin is a newsletter curated by the JBF Consulting team, with a focus on supply chain, transportation, logistics and of course freight.
📪 Was this email forwarded to you? Subscribe right here.
The fine print: This newsletter is being provided to the reader as a general overview of current market conditions and contains information compiled by JBF Consulting from a variety of sources. This newsletter is provided solely for general informational purposes and is not intended to be, nor should it be construed by the reader as, specific advice or a solution tailored to a particular company or client. Before acting on any information, you should consider the appropriateness of the information provided to your company’s circumstances and it is recommended that you seek independent advice if you have questions specific to your own objectives.
JBF Consulting makes no representation or warranty as to the accuracy or completeness of the information contained herein and shall have no liability for any representations (expressed or implied) regarding information contained in, or omitted from, this newsletter.