Transportation TIP List: Week of April 21st, 2019
With this week’s observance of Earth Day, it’s only natural that our TIP List showcases a number of stories impacting the current transportation environment. Highlights include the positive effect of predictive analytics on supply chains and how software as a service is helping to bring TMS technology to shippers. Read below for the full scoop on the industry climate:
- Predictive Analytics for Operations Grow 76% in 2 Years: The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to the recent MHI Industry Report. Also, 90% of respondents said predictive analytics “will have an impact on the supply chain in the next 10 years.”
- SaaS Helping to Bring TMS to the Masses: A decade ago, TMS technology was too expensive for all but the largest shippers with the biggest technology budgets. But, in the last 10 years, there has been an explosion of such systems across different price ranges and levels of robustness due to SaaS technology.
- Annual 72-hour Roadcheck Inspection Blitz Set for June: The annual International Roadcheck 72-hour inspection blitz will be held June 4-6, and primarily consist of a Level I inspection, which includes brake checks, cargo securement, lights, steering, suspension, tires and more. Drivers also will be required to provide their CDLs, Medical Examiner’s Certificates, logs and more.
- Warehouse Availability Stabilizes in Tight U.S. Logistics Market: The availability rate for U.S. industrial real estate, which has been plunging for years, dipped less than a hundredth of a percentage point in the first quarter, leaving it essentially at 7%, according to real-estate brokerage CBRE Group Inc.
- FMCSA Grants Ag Haulers a Five-Year Exemption Permitting New Cargo Securement Techniques: The FMCSA has granted a five-year exemption (April 15, 2019 to April 15, 2024) to the Agricultural & Food Transporters Conference of American Trucking Associations. The exemption lets agriculture haulers use alternative methods to secure commodities.
How is innovative technology impacting your supply chain?