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.
Ottawa aims to protect domestic businesses from high costs of tit-for-tat trade dispute with Washington.
Today on FreightWaves NOW, Market Expert Donny Gilbert gives us the national overview of volumes and rates. Sultan of SONAR, Zach Strickland hits on a theme related to seasonality especially from what’s happening in L.A.
In light of declining newspaper readership and the need to reduce costs, PCF is looking to parcel delivery providers as an alternative to traditional delivery methods. Download this complimentary white paper to read about the challenges that have led to this potential game-changer for the newspaper industry, as well as how PCF is using their logistics acumen and state-of-the-art technology to maximize reach for the newspaper industry.
Feds have exempted Wing Aviation from a block of regulations clearing way for an operating permit.
What the Truck is going on in all things freight this week? Weekly Market Update: J.B. Hunt misses analysts’ first quarter earnings and revenue estimates. Truckload carriers' first quarter results don't appear to be in jeopardy after the J.B. Hunt report. Marten Transport reports best-ever net increase of more than 30 percent in first quarter of 2019. What gets hauled to Vegas, stays in Vegas.And then on to the freight tech headlines of the week.
Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.
Peterbilt Motor Company has pledged at least $25,000 in support of the Women in Trucking Association (WIT), becoming the organization's newest gold member and expanding the existing partnership between the two.
Plus: Carbon offset accounting errors, food stamp recipients qualify for online delivery and Clarks overhauls its supply chain.
Volumes are flat year-over-year, and after a brief period of disruption the freight market has stabilized. Container volumes that have fueled the port cities freight, may be due to soften in the coming months.
An overview of blank sailing and how it can affect your shipments.