Cashflow Corner presented by TriumphPay …Running under your own authority offers plenty of challenges, but some would have it no other way. One of the biggest challenges is finding freight.
In Bangladesh, the shipbreaking industry is booming business – but at the cost of the lives of workers, who work in dangerous environments with minimal safety precautions. Local NGOs are championing the workers’ cause and are hoping to enforce existing UN regulations to the maximum extent possible.
The transportation industry continues to problem-solve the driver shortage, and carrier-created training programs are on the rise. One such program is offered by Holland, a regional carrier based in Holland, Michigan.
A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.
Shipware’s proprietary technology audits weekly carrier invoices to recover refunds on all billing errors, ensuring proactive compliance of contract rates and terms, as well as on-time service performance.
Freight rates have increased significantly in a short period of time over the past year. Aside from shipping volume increases and driver shortages, there is another less discussed factor at play.
Even with low unemployment, recruiters in a new survey indicate they expect an increase in driver job applicants, but they also expect driver turnover to rise as companies continue to boost pay and sign-on bonuses.
Social networks can be treasure trove of information for carriers and shippers, helping them identify risky areas for goods movement, to finding employees who are putting the company at risk, and even finding stolen cargo.
From a merchant perspective, Shipping with Amazon would provide increased competition in the shipping space, while also providing Amazon with more data about the products people are buying.
A better last-mile experience. That’s what the e-commerce game has become, and all logistics services across the supply chain are clamoring for opportunities and efficiencies to squeeze the blood out of the turnip.
The informal Freight Alley local social brought heavy hitters in the logistics industry to the FreightWave’s Chattanooga offices for a local meet and greet last Wednesday, February 7
Despite all this good news, an underlying problem remains for many truckers – getting paid. There are still some shippers that are dragging their feet when it comes to settling their bills, and that leaves carriers short of cash.
Chad Boblett has built not just a successful Facebook group, but also the largest professional online forum in the U.S. on rates and logistics in the freight industry
Pay particular attention to analytics-driven IoT platforms, computing at the edge, and data exchange brokerages (DEBs), as IoT influences everything from home security systems, to oil and gas exploration, to smart cities, to retail experiences, and beyond.
With all the cheering from business over passage of the Republican tax plan, the next step in the tax reform journey has now begun: the real-world impact. And it could fundamentally change the way drivers are classified.
Most carriers are currently coming to terms with the inevitability of the ELD mandate, and scrambling to get ready. Those carriers who are truly ELD-ready are in prime position to benefit.
Shipping hazardous materials is risky. Yet carriers are willing to shoulder the risk of moving them across states, but to do so requires understanding a number of regulations that must be followed.
Cargo and vehicles can become damaged en route, and often carriers are on the hook for those damages. But a new startup, PEIR, is providing photographic proof of conditions to help protect carriers.
Spot rates continue to climb and capacity continues to shrink, and now experts are predicting a strong holiday retail season. Could the good news for carriers get any better?
While the third quarter may be a slow time for contract renewals between carriers and shippers, a few deals have been done so far and the early indications are contract rates are heading up.
