Trucking

Brian Straight Wednesday, May 3, 2017

How weather impacts trucking

To highlight the impact weather can have on trucking, and to highlight their new partnership, TransFX, which is seeking to offer trucking freight futures contracts, and Riskpulse, a supply chain risk analytics firm, have produced an infographic that provides a few surprising facts about weather-related delays.

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Brian Straight Wednesday, May 3, 2017

TransFX taps Riskpulse analytics data for futures contracts

With weather delays costing the trucking industry as much as $3.5 billion yearly, the impact is enormous, especially on shipping rates. TransFX is seeking to offer trucking futures contracts to help brokers, carriers and shippers better manager their exposure to volatile rates. As part of that effort, it has tapped into the expertise of Riskpulse, a leading supply chain risk analytics firm.

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Brian Straight Wednesday, April 26, 2017

Gambling with NAFTA trade

President Donald Trump’s decision to place softwood lumber tariffs on Canada this week might be an indication that the administration is set for a reset on the North American Free Trade Agreement (NAFTA). It is a gamble that potentially puts billions of dollars in NAFTA trade shipments at risk – much of it hauled by trucks.

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Brian Straight Wednesday, April 12, 2017

How to gain a pricing advantage with futures markets

A futures market will react to the underlying fundamentals of its physical market because in the end, the futures price is linked to the physical market. But, the opposite is also true. A physical market can look to a futures market for transparency and guidance on rate structure. A developing trucking freight futures market might be the answer to solving these industry issues. 

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Brian Straight Tuesday, April 4, 2017

Blockchain offers big financial payoff

Unlike some technologies, blockchain technology is not likely to displace many workers in the trucking industry. It does promise, however, to streamline financial operations and compliance reporting to make those operations more seamless, potentially saving fleets tens of thousands of dollars.

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Brian Straight Wednesday, March 29, 2017

A guide to blockchain

Blockchain is a relatively new term used to describe a series of distributed databases that act as a tamper-proof, verifiable ledger. As with any new technology, blockchain has its own terminology. Here is a listing of some of the most important terms and their meanings.

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Brian Straight Thursday, March 23, 2017

ELDs and the insurance impact

As many drivers and small fleets worry about the impact on productivity and cost with the upcoming mandate to install electronic logging devices, one overlooked aspect is what impact ELDs will have on their insurance rates. 

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Brian Straight Thursday, February 23, 2017

TransFX taps DAT data for Trucking Futures Exchange

Those on both sides of the freight business have struggled for years with volatile shipping rates. Contracts get locked in for months or more with no assurance that the contract will reflect current prices when loads are delivered. TransVix believes part of the solution to this problem is the creation of a Trucking Futures Exchange. 

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