FreightWaves strives to publish content that both informs and advances the conversation around the technologies and economics that are impacting the freight ecosystem. We have partnered with leading experts in their fields to provide Thought Leadership content that aims to better equip readers with the information they need to maximize their operations. If you would to be considered for inclusion in our Thought Leadership content, contact Managing Editor Brian Straight at firstname.lastname@example.org. For more detailed information, read our Thought Leadership Guidelines.
The industry loves to throw around the term "driver shortage." But what we really face is an economic opportunity shortage. Fix this and you will fix the driver shortage problem.
A push to increase detention pay has been gaining momentum in recent years in the U.S., yet detention remains a significant problem for carriers. Could the introduction of ELDs and blockchain eliminate that problem?
"Uberization" has become a huge buzzword in the 3PL industry, but the business models of the digital brokers using apps is unlikely to have an impact on the way the industry operates. The technology of smart contracts, however, is a game-changer.
Even with rates rising - both contract and spot - and capacity tightening, attracting drivers still remain a primary concern for fleets. Driver pay is increasing, but outside influences are still hurting the recruitment efforts.
Penn State issued its 22nd annual 3PL study and the overriding theme was about the importance of data transparency in the supply-chain. Shippers are demanding more transparency in all of their vendors, but since logistics is the life-blood of a supply-chain, 3PLs must accelerate their investments and offerings for shippers.
In its simplest form, the electronic logging device (ELD) mandate is designed to replace paper logbooks to better track drivers’ Record of Duty Status (RODS) and ensure compliance with hours-of-service (HOS) requirements. In theory, these rules help improve driver safety and reduce fatigue, but fleet managers can’t expect the rule to eliminate driver fatigue.
In the future, trailer pools may no longer be the domain of truck large truckload fleets. Could they disrupt the LTL market as well and might brokers and 3PLs be able to take advantage?
The concept of driverless trucks has recently jostled the transportation industry. However, truck drivers everywhere may be relieved to discover that world-renowned business tycoon, Warren Buffett, is betting a fortune on their livelihoods, and sees no need to worry about an impending AI driver revolution.
A lot of facts and figures get thrown out by startups in the trucking space. Its important to understand whether these facts are credible or not.
In the rush to develop autonomous, long-haul trucks (and trains) that could double productivity – driving for 24 hours a day with no need for rest – it may turn out that the competition for freight may really be in the sky.
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02, Leases (Topic 842) (the Update). The Update represents the first comprehensive overhaul in lease accounting in approximately 40 years.
Much has been written about the death of freight brokerages and 3PLs. This is wrong. The 3PL industry is about to change- but it won't meet its death. It will get bigger and more important as the next generation of digitization takes place.
With the introduction of smart insurance contracts in transportation applications, companies in the freight business could emulate a similar offering to solve some of the major disruption risks involved in carrier service failures.
A relic of a protectionist period in US history made the damage caused by Maria so much worse. Combined with a lack of logistics infrastructure and you have the making of an American made catastrophe.
In this informative and entertaining TED talk, Bettina Warburg takes the viewer through a discussion on why this technology will change the economy and society forever.
The momentum in both contract and spot rate increases should feel like a rocket ship. For the first time in years, fleets will enjoy pricing power
Electric vehicles have come a long way, yet there is an important question that never seems to get addressed when discussing electric cars and trucks: what happens if the power goes out? Will your trucks still make their deliveries?
Bitcoin has been on a wild-ride and some people think the future is zero. This will be a good thing for commercial blockchain applications.
Digital freight brokers are using "Daily-deal" tactics to get revenue growth. They sold themselves as a platform to change the inefficient trucking industry, but have found it difficult to find quality sources of high-volume freight. These platforms have resorted to aggressive pricing tactics using investor capital. What will find is that as soon as they change prices, shipper loyalty will evaporate.
The trucking industry, working in partnership with major retailers and consumer package goods companies respond to the recent devastation by delivering much needed relief supplies.
Amazon wasted no time in starting a pricing war in the grocery business. Like the book retailers and other categories that Amazon has entered- they have proven that this strategy builds consumer loyalty and lays to waste the competitors that dominate those markets
Harvey is the kerosene to accelerate the trends towards a major capacity crunch in the truckload industry. With as much as ten percent of capacity being impacted, combined with surpluss demand coming from relief and rebuilding- the truckload market capacity is expected to be super tight
Driver-facing cameras are a controversial topic. Many drivers hate them, but at G&P Trucking, the company has implemented them and had success through an educational program that helps drivers understand why they are important.
Hurricane relief trucking is filled with chaos and disruptions to normal operations and requires specialists that can handle the massive surges and lack of forward planning
Although some politicians abhor rising GHG levels while others deny that global warming even exists, the general consensus of the private sector is that if corporations don’t get on board with safe environmental practices now, they will quickly fall behind their competitors.
Lifestyle is considered one of the main risk factors for developing Type 2 diabetes and individuals with Type 2 diabetes have the potential to require insulin if they do not properly care for their diabetes. Long haul truck drivers are of no exception to this statistic.
A ride-sharing company could be the perfect fit to solve the last-mile delivery problems of e-commerce. Here's why a Walmart acquisition of Lyft could be the edge it needs to overcome Amazon.
A world with zero fatalities caused by road accidents sounds pretty idealistic — but is it realistic? The communities around the world backing the Vision Zero initiative think so.
Multiple reports have indicated that Walmart has threatened to withhold business from any trucking company that continues to haul goods for Amazon. Walmart has denied making any such threats, but the mere suggestion of it raises questions that carrier executives need to address.
President Trump's decision to pull the U.S. out of the Paris Climate Accord could have a profound effect on global efforts to reduce greenhouse gases, but will probably have little impact on the U.S. trucking industry.