Transportation TIP List: Week of December 16th, 2018
Christmas is less than a week away – and this wonderful time of year is all about gift giving, festivities with loved ones and making New Year’s resolutions. And while you prepare your season’s greetings and make plans to ring in the New Year, we wanted to gift you our last TIP List of 2018. This year’s final list includes stories on the value of a TMS for supply chains and automation’s impact on transportation.
Read on for more, and we can’t wait to see you again in 2019!
- Transportation Management and The Promise of Machine Learning: Transportation management systems (TMS) have a proven ROI; primarily, a TMS can save companies money by lowering their freight spend. A recent ARC Advisory Group strategic report found that respondents indicated freight savings of approximately 8% with the use of a TMS.
- Distraction or Disruption? Autonomous Trucks Gain Ground in U.S. Logistics: Technology has upended one business after another across America, and logistics companies are starting to feel the technology heat. New research has turned up five trends that offer startling indicators of impending change for trucking, rail, warehousing and logistics: all starting with automation.
- U.S. Trade Deficit Hits 10-Year High in October: The U.S. trade deficit jumped to a 10-year high in October as soybean exports continued to fall and consumer goods imports rose to a record high. This suggests the Trump administration’s tariff-related measures to shrink the trade gap likely have been ineffective.
- Drivers, Carriers Have Different Concerns Regarding Driver Shortage, Retention: In the recent American Transportation Research Institute report listing its annual top 10 issues for trucking, motor carriers cited the driver shortage and driver retention as the top two concerns.
- November Truckload and Intermodal Pricing See Gains in November: Pricing for both truckload and intermodal freight movements saw another strong month in November. Truckload rates, which measure linehaul rates, headed up 8.2% annually to 141.6 in November, which is slightly below October’s 143.4, setting a new all-time record on a nominal basis.
What industry trends are you preparing for in 2019?