Innovative blockchain solutions for the freight industry

Innovative blockchain solutions for the freight industry

Blockchain technology has the potential to massively improve processes within the freight industry. LoadBlock, an Arizona-based start-up, is capitalizing on this shift in technology by developing blockchain-integrated systems.

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NATSO says commercial rest stops lead to fewer truck parking spaces

NATSO says commercial rest stops lead to fewer truck parking spaces

The National Association of Truck Stop Owners has released a study showing a correlation between commercialized rest stops and lower available truck parking. We discuss the findings as well as the study's limitations.

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Wall Street Blockchain Alliance and BiTA announce partnership

Wall Street Blockchain Alliance and BiTA announce partnership

The Wall Street Blockchain Alliance and BiTA announced a partnership to define the impact of blockchain technology for the global transport markets.

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LTL pricing: Knowing how to bill properly

LTL pricing: Knowing how to bill properly

With more regional and local deliveries due to e-commerce, there is more opportunity for truck drivers to find less-than-truckload freight, but knowing how it is billed is critical to winning contracts.

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What trucking stocks tell us about the recent market decline

What trucking stocks tell us about the recent market decline

There are many stock analysts that have been predicting a stock market decline. The question now becomes, are we looking at a correction or something more indicative of a slowing economy?

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The Pilot trial taught us how trucking has weaponized data

The Pilot trial taught us how trucking has weaponized data

Jury deliberations in the Pilot Flying J trial begin tomorrow. We've learned as much about the importance of data analytics as we have about fraud.

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Market drop hits transport stocks, but long-term outlook remains strong

Market drop hits transport stocks, but long-term outlook remains strong

Transport stocks were not immune to the big sell-off on Wall Street on Monday, with the Dow Jones Transport Index falling 336.77 points to 10,350.41, a 3.15% fall on the day.

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BNSF joins BiTA, looks to set technology standards of future

BNSF joins BiTA, looks to set technology standards of future

BNSF Railway Company (BNSF) recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA).

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BNSF joins blockchain alliance, looks to set technology standards of future

BNSF joins blockchain alliance, looks to set technology standards of future

BNSF Railway Company (BNSF) recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA).

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Navigating the complex world of supply chains with blockchain

Navigating the complex world of supply chains with blockchain

Supply chains are such a complex enterprise, that it’s nearly impossible to solve any one problem without it impacting another part of the chain. That was one of the main points that Michael Zargham, founder and CEO of BlockScience, said during a discussion last month in New York City.

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Always with you, and always ready to provide irrefutable photographic evidence

 PEIR Mobile provides photographic proof of the condition of a vehicle and cargo, and places that proof inside a blockchain.

PEIR Mobile provides photographic proof of the condition of a vehicle and cargo, and places that proof inside a blockchain.

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An estimated 17M ocean shipping containers make approximately 200M trips globally on an annual basis. A typical international shipping container is interchanged between 8-10 parties before the load is delivered.


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At each one of the interchange points, the potential exists that the receiving party obtains a shipping container that is damaged, or the seal has been tampered with or broken.  In today’s market, there is no irrefutable blockchain photographic evidence with date, time, and location that records the actual condition of the equipment or the seal status except for PEIR Mobile.

Without PEIR we call that “interchanging in the dark” or interchanging with your eyes closed.  PEIR™ operates on the premise that a picture is worth 1000 words which makes our irrefutable Blockchain technology priceless.  With PEIR’s easy to use mobile app, a permanent, irrefutable record is accomplished anywhere with any iOS or Android mobile device that has a front facing camera and an internet connection. PEIR™ users are guided through an intuitive, step by step process in real time, capturing the entire ocean container, chassis or trailer.  At any point during the process, PEIR™ users can flag damage and capture additional photos of damage or the seal to further protect their company.

After the process is completed, the user reviews all the photos taken to verify the interchange.  At this point PEIR utilizes patent pending technology which takes the meta data collected from the device and creates an immutable cryptic hash. This cryptic hash is then joined to the inspection record and the series of pictures. That data is then stored and rendered irrefutable through the blockchain in a daily journal. 

Today carriers are paying millions of dollars for damages and freight claims, even if they weren’t responsible. If they had PEIR, they would have irrefutable blockchain photographic evidence to prove otherwise. Spending money to settle the claims without photo evidence will no longer be a normal part of doing business. PEIR provides carriers with an inexpensive insurance policy that they can depend on to protect them from paying for damages or claims they did not cause or the driver failed to record.  For about $1 per interchange, carriers will no longer interchange in the dark.  When a repair invoice or freight claim arrives, the carrier will use PEIR to look up the interchange and provide the billing party a link to the irrefutable and immutable documentation that protects them. No more digging through boxes of paper interchanges, notes in dispatch systems, or hand-written driver notes only to end up not finding the documents, and even if found they may not be considered irrefutable proof. PEIR makes this ongoing problem solvable with a couple of keyboard clicks.

Through PEIR, the interchange is irrefutably recorded utilizing the Blockchain to include the date, time, geo-coordinates coupled with the series of photos which then are searchable.   As technology continues to advance and improve within the shipping industry, PEIR will be looking to have a block in the chain that includes the interchange and other valuable meta data. PEIR Mobile is insurance that you carry around in your pocket.  Don’t get stuck holding the bag, PEIR Mobile is there so that interchanges are no longer done in the dark.

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Today's Pickup: 2017 was exciting, challenging for freight brokers

Today's Pickup: 2017 was exciting, challenging for freight brokers

Freight brokers' revenues went up but margins went down in 2017; Amtrak blames CSX for yesterday's crash; Hazelwood won't testify in Pilot trial; oil tanker shipping rates crater; click through for more!

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Baltic Dry Index re-weighted for futures investors

Baltic Dry Index re-weighted for futures investors

The Baltic Exchange is changing one of their signature indices, the Baltic Dry Index, which averages shipping rates for raw materials like coal, ores, and grains. Baltic is hoping to make the BDI a more attractive benchmark for futures investors.

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Nuro announces its last-mile delivery solution

Nuro announces its last-mile delivery solution

The Nuro is a self-driving vehicle designed to run your errands for you. It is poised to change the way that businesses interact with their local customers.

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