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If you've ever had your doubts about Elon Musk's grand visions, you aren't alone, but at some point maybe we should get on board the Tesla fan-wagon. Production issues are one thing, but they're breaking new ground all over the world.
FreightWaves had a chance to speak with Jason Schenker about what’s ahead for the freight and automotive industries, and what that means for our lives.
FreightWaves, in partnership with the Georgia Tech Institute of Technology and the Blockchain in Transport Alliance, will be presenting the inaugural Transparency18 Future of Freight Conference, May 22-23, 2018, in Atlanta, GA, at the Georgia International Convention Center. The event promises to be unlike any previous trucking or logistics show.
Uberization has been a hot term to describe digital transactional brokerage. But a bigger, untapped opportunity might be available in the market
Tesla is taking pre orders for its Semi, asking for $20,000 each. Participating in such an exercise is likely to end in disappointment
Truckers in the U.S. deserve better pay, but despite what many think, it's not the fault of the carriers that they are not getting it. The system is broke and needs to be overhauled.
Carriers will have an amazing opportunity to participate in RFPs during this bid cycle. Before investing a ton of time, we discuss how best to think of the opportunities
In today's market carriers have more leverage than ever, and are going to start holding shippers accountable.
This year shippers will abandon low-tech brokers en masse as digital freight solutions reach their tipping point.
From all green e-vehicles to the hyperloop to the rocket-to-Mars, one thing we should all be hoping for is that Elon Musk's visions become reality. On the one hand, you can say the only way to make a vision happen is to possess the vision in the first place.
Fleet execs are talking about the driver shortage as if it were the worst thing to happen in the industry, but they should be thankful. It keeps gives fleets pricing power.
World-renowned author, thought leader, speaker, educator and entrepreneur, Tony Seba, has been confirmed as a keynote speaker at Freightwaves’ Transparency18 conference in Atlanta, Georgia, next May.
In 2009, Jason Schenker founded Prestige Economics, a top-ranked financial market research firm.
Innovation is sweeping across the trucking industry; technologies such as autonomy, blockchain, and electrification are beginning to demonstrate real value potential. However, the question is, where innovation has been stagnant in the past, is the industry ready for change?
Data from the freight markets indicate a super-strong economy
Data from the freight markets indicate a super-strong economy
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.