Toronto based DLT Labs appeared at MarketWaves 18 to present their Asset Track platform. VP Jason Matthison demonstrated a real-time tracker of transaction workflow. Delivery times, delays, loads, and other factors are entered into the platform. Asset Track produces block chain updates via smart contracts to reduce manual errors. This enables dispute resolution to be drastically reduced from days to minutes.
Matthison used the opportunity to highlight how real-time updates along the supply chain using information technology is important for logistics management.
“We believe that you’re currently not dealing with capacity constraints, but rather tremendous inefficiencies.” He went on to identify the inefficiencies of account payable disputes which accounts for over $140 billion in wasted capital.
Improved communication between shippers and carriers through Asset Tracker enables a more direct and transparent model for moving freight.
Visit FreightWaves daily to see more rapid-fire demos from MarketWaves 18. More of the popular demos, which aren’t allowed to use PowerPoint slides and must show the product in action, will be featured at Transparency19 in May.
Australia’s Heavy Vehicle National Law has been heavily criticised for being too bureaucratic, prescriptive and generally difficult to work with. A major review has been announced.
Heartland continues its strategy of being willing to walk away from revenue if it isn’t profitable and it is showing in the company’s operating ratio.
Ten markets to be added by mid-year, companies say.
Demand for trained workers is growing, but few educators know how to teach the fundamentals of logistics as it is practiced today.
For-hire truck tonnage posted its best yearly growth since 1998, but a decline in ATA’s Index at the end of the year indicated some softening.
FMCSA Administrator Raymond Martinez wanted to “fast track” the HOS rules changes - but the government shutdown is in the way.
On todays episode, Chad Prevost talks to three of our market experts: Nick Austin updates us on winter weather, Zach Strickland with tender rejection, and Dean Croke shares some research about sleep.
Blockchain based supply chain startup Citizens Reserve has partnered with IoT platform Smartrac to assign physical items a digital identity that can be carefully and accurately traced along the supply chain.
America’s freight railroads operate the safest, most affordable, efficient, and environmentally sound rail system in the world, according to the DAT.
The combined brokerage expects to do $200 million in revenue this year.