Transportation TIP List: Week of June 16th, 2019
According to the National Retail Federation, some of the top gifts given during Father’s Day include clothing and gift cards. But no matter what you gave your dad this past weekend, our gift to you is the TIP List—this week featuring articles about the future of the 3PL industry and how disruptive technology is helping shippers and carriers improve collaboration. Read on for the full list!
- How ELDs Started a New Era of Carrier and Shipper Collaboration: Shippers and carriers used to have straightforward, transactional relationships. But with the help of disruptive technology, carriers, shippers and 3PLs are finding new ways to meet today’s multiple, compounding challenges together.
- Key Takeaways from Stifel’s 3PL Call with Armstrong & Associates: Armstrong of Armstrong & Associates thinks that U.S. 3PL revenue will grow at a 7.7% CAGR over the next five years, but digital freight brokerages are expected to put pressure on gross margins.
- EPA Issues Rule to Create Transparency, Prevent Manipulation of RINs Market: The U.S. EPA is taking steps to modify certain elements of the Renewable Fuel Standard compliance system to create more transparency and prevent manipulation of the Renewable Identification Number market.
- DAT Reports Atypical Spot Truckload Load and Rate Activity in May: May spot truckload freight volumes fell far short of typical seasonal trends. There was a 12% decline in full-truckload van loads moved on the spot market from April to May and a 10% annual decline in van load counts, which account for 70% of all truckload freight.
- FTR’s Trucking Conditions Index Remains in Negative Territory: For April, the most recent month for which data is available, the TCI came in at -0.64, representing an improvement over March’s -1.18. During March the TCI turned in a negative reading for the first time in several years.
What trendy transportation news are you following this week?