Logistics and Transportation Industry News Update: 2018 Q1 Highlights

KATHRYN WHEELER | May 21, 2018 | 79 views

We’re already well into 2018, and a lot has happened in the logistics and transportation industry. The ELD mandate continues to be a controversial topic, we’re keeping an eye on the current capacity crisis, the industry is soaring to new technological heights with autonomous vehicles, and so much more.
Whether you’re a carrier, trucker, or freight broker, it’s crucial for everyone in the industry to stay up to date on the latest news and trends. As a truck driver or carrier, it’s important to know the latest regulations and news so you know how to keep doing your job efficiently (and legally). For freight brokers, knowing what’s going on in the industry can help you manage your loads, keep positive relationships with your carriers, and continue to provide the best support possible.To help keep you consistently updated on the logistics and transportation industry, we’ve decided to look back on each quarter and roundup the best resources highlighting the quarter’s most important industry news, trends, and happenings. Below are the highlights we found for the first quarter of 2018.

Spotlight

Elite Haulage And Logistics Ltd.

Elite Haulage and Logistics Limited is a Ghana based Cargo and Freight Forwarding company.Our services include everything from Hauling, Warehousing, International Sea and Air freighting, to Customs Brokerage Services. Elite also offers a variety of logistics technology solutions from Inventory Management, Technology to Risk Management.

OTHER ARTICLES

Put Strategy First When Pondering Automation for Your DC

Article | August 18, 2021

The unsurprising investment eagerness of venture capital funds is manifesting in an automation tech glut in the distribution center space. Motivated by enabling trends like labor and land shortages, DCs are amid an automation transformation. Never has defining an automation strategy been more important. There’s no shortage of VC cash available to logistics tech startups With a brightly shining spotlight centered on supply chains for the past two years, it’s no surprise that total funding in logistics startups has seen a dramatic increase – growing at over 70% CAGR (Compound Annual Growth Rate). Logistics technology startups raked in over $25 billion in the first three quarters of 2021. That’s more than half of the total amount raised in the whole of 2020, and the incentives for continuing investment persist. The rise of the of the “micro” DC “Micro” is a relative term. The size of a micro fulfillment center (MFC) can range from 5,000 to 50,000 square feet. Those reduced square footages allow location in dense urban areas, typically within 40 miles of most of their intended customers. In addition, smaller footprints lead to reduced rents compared to a standard customer fulfillment center (CFC), and the proximity to consumers makes for lower final mile delivery costs. It’s no wonder that MFCs accounted for more than half of the logistics real estate leasing activity in the third quarter of 2021. The “urban logistics” trend is fueling demand for these highly automated, smaller locations. Vertical logistics integration grows ever more fashionable among retailers It’s a very “in” thing right now, these acquisitions and partnerships, and they won’t be going out of fashion soon. For example, American Eagle took in Airterra and its parcel optimization tech and third-party logistics (3PL) provider Quiet Logistics. Target started early. They bought Grand Junction, a software platform that helps retailers determine the best delivery method and track carrier performance, in 2017. Their 2020 acquisition of Deliv brought with it same-day delivery routing technology that they’re now applying to their 2021 purchase, on-demand delivery service Shipt. Target uses Delivs’ tech to generate more efficient routes for Shipt. Kroger has partnered with UK’s e-grocery specialist Ocado to build automated CFCs across the US and expand their retail footprint. The first CFC opened last spring in Ohio and their second in Florida later that year. They plan to open 20 CFCs over the next three years. “The proliferation of DC automation solutions and modalities, the rise of MFCs in high-density urban areas, the increasingly automated vertical integration of logistics, and the need to rapidly expand order fulfillment capacity have all, in combination, advanced the need for and application of clearly defined strategies concerning the implementation of automation technology. Do not operate without one.” Vikas Argod, Principal, Supply Chains Operations practice at Chainalytics Coping with shortages in warehouse space and labor availability Third quarter, 2021 US demand for industrial real estate exceeded supply by 41 million square feet. This pushed the national vacancy rate in the fourth quarter down to a record 3.7% in the Cushman & Wakefield US National Industrial MarketBeat report for Q4 2021. Who knows what the record might be when the Q1 2022 report breaks in a few weeks? On the labor side, the December 2021 US unemployment rate was 3.9%, lower than in December 2019 (3.6%) yet reflecting a tighter labor market. Labor force participation rates are at 61.9%, nearly 2% below February 2020 levels, because of lingering effects of the COVID-19 pandemic. The rising wages and signing bonuses of the past year offer silent testimony to the ongoing constraints in today’s labor market. Both trends will remain with us for the near- and mid-term, making an automation strategy a necessary part of your DC operations as you attempt to mitigate the effects of both. In addition, warehouse labor shortages are most pronounced in markets with high distribution center densities – Greater Memphis, In-land Empire, Allentown, PA, et al.) Building the capability to rapidly open DCs at scale No other factor drives home the need for a coherent DC automation strategy like this one. Let’s explore it with an example. We’ll call this “A Tale of Two Companies.” One jumped on the automation bandwagon without hesitation – not a bad thing – but applied no strategic groundwork. The other is, well, Amazon. Company one responded to increasing demand by creating DCs in their usual, strategically located fashion. However, with automation, the lack of a logical strategy led to adopting “the best that money could buy.” So, while these DCs work fine on their own (most of the time), each employs unique implementations from a variety of vendors, with little to no overlap of methods, capabilities, and management procedures between DCs. It’s functional, but a needlessly complicated hodgepodge. On the other hand, it definitely looks like Amazon has a standardized automation strategy. One that can easily adapt to exploit the individual physical specifications of any space. This makes it simple to arrive and equip it with a standard package of automation solutions. That’s probably how Amazon blanketed the US with over 400 new DCs in just the last two years. They waste no time or money on repeating unnecessary decisions along the way. Now, we all can’t have the resources of an Amazon. However, the rise of on-demand warehousing companies like Stord and Flexe allow organizations to dramatically decrease the cycle time of standing up additional fulfillment capability. Developing an automation strategy will feel familiar. It begins with benchmarking, order profiling, current performance drivers, EBIT targets, and theoretical evaluations of newer technology options. All this leads to the creation of a decision framework for DC automation. The goal here is achieving alignment among the leadership on critical capabilities to focus on. These include rapid fulfillment, labor shortage, capacity constraints, safety challenges, or sustainability. Those that commit to this process will start slowly but finish with a strategy that will underpin thousands of decisions and enable sustained rapid growth. If, in the end, you decide that automation is not right for your operation, that’s a perfectly valid strategy as well. So long as you have a method to evaluate all of your options, and you base your decision on cost-service-sustainability trade-offs, the right strategy for your organization may be no automation at all. There’s no point in chasing shiny robotic objects if automation makes little sense‌. The rise of automation and the multitude of technologies to choose from require the development of a strategic decision framework. Contact us and see how Chainalytics – an NTT DATA company – can be your guide in developing this critical part of your foundation for growth. Our top supply chain talent, enabled by proven, leading-edge digital assets – tools, methods, and content – deliver actionable insights and measurable outcomes to some of today’s largest and most complex supply chains.

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Digital innovation in logistics warehouses

Article | April 20, 2021

Business Chief takes a look at three leading logistics companies and how they are digitalising their warehouses. With technology evolving at an exponential rate, and the logistics industry needing flexible solutions for its complex operation, we take a closer look at some of the successful deployments of digitalisation within the warehouses of leading logistic companies around the world.

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How to Test Major Changes in Your Supply Chain Process

Article | October 16, 2020

Did you know that the return of your supply chain process depends on how your software technology works as well as the efficiency of the people involved in the entire process? However, changes keep taking place, and you might feel clueless as to where your initiative is going. Supply chain testing is done in order to know and mark the various aspects where the supply chain is the weakest. Since data handling is a crucial aspect, managing it becomes even more necessary.

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Trends in Shipping by Vertical: Retail, Wholesale & OEM Shipping for 2020

Article | February 10, 2020

Global trends in shipping continue to evolve in the wake of uncertainty and risk. The recent outbreak of the Coronavirus threatens to undermine use of shipping options that would involve air freight between the U.S. and China, explains Wired. New hazmat regulations are taking effect in 2020. Retailers are trying to stay evergreen and compete with Amazon. The list of risks is endless, and the only way to really succeed will lie in understanding the trends in shipping by vertical and a few key sectors that require vigilance in the coming year.

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Spotlight

Elite Haulage And Logistics Ltd.

Elite Haulage and Logistics Limited is a Ghana based Cargo and Freight Forwarding company.Our services include everything from Hauling, Warehousing, International Sea and Air freighting, to Customs Brokerage Services. Elite also offers a variety of logistics technology solutions from Inventory Management, Technology to Risk Management.

Related News

SOFTWARE AND TECHNOLOGY

SYSTECH offers CAREU UW1, UA1 Trackers and Intelli FleetWeb Software

SYSTECH | April 04, 2022

SYSTECH (Systems & Technology Corporation) is one of Taiwan's prominent IoV solution providers. SYSTECH teams up with Japan’s Kouei Group as the principal logistics solution provider. SYSTECH Designs manufacturers and yields an Automatic Vehicle Locating Tracker and Fleet Management Software is a customizable White Label and API Integration Service. Taiwanese design and manufacturing processes are used by SYSTECH. SYSTECH also displayed exclusive CAREU UW1, UA1 trackers and Intelli FleetWeb fleet management platform software at this year's IT week in Japan. Its CAREU UW1 is a small 4G GPS tracking device, which is water and dust resistant (IP 67) and has a broad I/O interface that supports fuel usage, temperature, and driver identity sensors (RFID or i-Button). CAREU UW1's uses are meant for logistics and car-sharing. CAREU-UA1 is an inflatable asset tracker that comes with IP67 Compatibility, in-built LTE-CatM1/NB1 communication module, and several sensors, for example, ambient light change and pressure detection sensors. Its bluetooth interface is designed for remote configuration, and magnetic stand with tamper detection is affixed to the body for cost-effectiveness. CAREU-principal’s UA1 applications offer asset monitoring, warehouse management, construction and mining equipment and ATM tracker. Its UA1 is expandable to three battery levels and has a stand-alone capability with a battery life of up to six years. Logistics, rental, transportation, manufacturing, or personal vehicle fleets use SYSTECH's Fleet Management Platform "Intelli FleetWeb" to monitor fleet status, achieve real-time tracking functions such as video Tracking and driver's behavior, and effectively manage fleets through statistical analysis reports, lowering operating costs and improving business competitiveness.

Read More

LOGISTICS

Locus Announces Integration with Lytx to offer Future-ready Logistics

Locus | March 03, 2021

Locus, a worldwide B2B SaaS company that automates human decisions in the supply chain, announced another mix with Lytx®, the leader in video telematics, analytics, safety, and productivity solutions answers for business and public sector fleets. While Lytx gives GPS area data on vehicles, Locus utilizes the data to set up the most streamlined course. Also, Locus can use the arranged course and area data to think about arranged versus real execution just as force investigation and experiences. The consolidated item offering of Locus and Lytx will empower fleet administrators to upgrade the complete expense of possession (TCO) driven by efficiency observing, driver examination, perceivability, consistence the board, and prescient upkeep cautions. For fleets, this smart management platform will assist with higher asset use, streamlined course arranging, better driver correspondence, and consistent associations with transporters and stockrooms, converting into cost and time reserve funds for the fleet managers. "We are very excited to join forces with an innovative partner like Lytx and take our combined solution to the market. This partnership offers the perfect blend of analytics and routing capabilities to our customers," said Krishna Khandelwal, Chief Business Officer, Locus. "The optimized routing reduces both capital and operational costs for local distribution while increasing service levels and revenue-generating activities." About Locus: Locus is a deep-tech platform that automates human decisions in the supply chain to provide efficiency, transparency, and consistency in logistics operations. The platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights, and analytics, beat optimization, efficient warehouse management, vehicle allocation, and utilization. Locus also helps companies optimize their end-to-end supply chain network with its strategic consulting offering. The company powers deliveries across Southeast Asia, the Indian Subcontinent, Europe, and North America.

Read More

LOGISTICS

PS Logistics Acquires Indiana-based Jason Jones Trucking Inc.

PS Logistics | March 02, 2021

A Birmingham 100 firm has another acquisition under its belt. Flatbed transportation organization PS Holdco LLC, otherwise called PS Logistics, has purchased all substantial transportation resources of Shoals, Indiana-based Jason Jones Trucking Inc. (JJT). JJT will keep on working under the Jason Jones Trucking brand name. Financial terms of the deal were not disclosed. “JJT brings great freight synergies to both our companies as well as our customers,” said PS Logistics CEO Scott Smith. “It also further establishes our base in the upper Midwest and adds a new terminal to our growing national network.” PS Logistics has acquired 21 trucking and brokerage operations since 2007. Aside from JJT, PS Logistics' most as of late acquired substantially all assets of Camden-based WilMar Trucking LLC and WilMar Logistics LLC. About PS Logistics PS Logistics is a full-service logistics solution - with over 2000 flatbed assets, vans, step decks/RGN's, brokerage division, transportation management and 3PL, and dedicated fleet operations.

Read More

SOFTWARE AND TECHNOLOGY

SYSTECH offers CAREU UW1, UA1 Trackers and Intelli FleetWeb Software

SYSTECH | April 04, 2022

SYSTECH (Systems & Technology Corporation) is one of Taiwan's prominent IoV solution providers. SYSTECH teams up with Japan’s Kouei Group as the principal logistics solution provider. SYSTECH Designs manufacturers and yields an Automatic Vehicle Locating Tracker and Fleet Management Software is a customizable White Label and API Integration Service. Taiwanese design and manufacturing processes are used by SYSTECH. SYSTECH also displayed exclusive CAREU UW1, UA1 trackers and Intelli FleetWeb fleet management platform software at this year's IT week in Japan. Its CAREU UW1 is a small 4G GPS tracking device, which is water and dust resistant (IP 67) and has a broad I/O interface that supports fuel usage, temperature, and driver identity sensors (RFID or i-Button). CAREU UW1's uses are meant for logistics and car-sharing. CAREU-UA1 is an inflatable asset tracker that comes with IP67 Compatibility, in-built LTE-CatM1/NB1 communication module, and several sensors, for example, ambient light change and pressure detection sensors. Its bluetooth interface is designed for remote configuration, and magnetic stand with tamper detection is affixed to the body for cost-effectiveness. CAREU-principal’s UA1 applications offer asset monitoring, warehouse management, construction and mining equipment and ATM tracker. Its UA1 is expandable to three battery levels and has a stand-alone capability with a battery life of up to six years. Logistics, rental, transportation, manufacturing, or personal vehicle fleets use SYSTECH's Fleet Management Platform "Intelli FleetWeb" to monitor fleet status, achieve real-time tracking functions such as video Tracking and driver's behavior, and effectively manage fleets through statistical analysis reports, lowering operating costs and improving business competitiveness.

Read More

LOGISTICS

Locus Announces Integration with Lytx to offer Future-ready Logistics

Locus | March 03, 2021

Locus, a worldwide B2B SaaS company that automates human decisions in the supply chain, announced another mix with Lytx®, the leader in video telematics, analytics, safety, and productivity solutions answers for business and public sector fleets. While Lytx gives GPS area data on vehicles, Locus utilizes the data to set up the most streamlined course. Also, Locus can use the arranged course and area data to think about arranged versus real execution just as force investigation and experiences. The consolidated item offering of Locus and Lytx will empower fleet administrators to upgrade the complete expense of possession (TCO) driven by efficiency observing, driver examination, perceivability, consistence the board, and prescient upkeep cautions. For fleets, this smart management platform will assist with higher asset use, streamlined course arranging, better driver correspondence, and consistent associations with transporters and stockrooms, converting into cost and time reserve funds for the fleet managers. "We are very excited to join forces with an innovative partner like Lytx and take our combined solution to the market. This partnership offers the perfect blend of analytics and routing capabilities to our customers," said Krishna Khandelwal, Chief Business Officer, Locus. "The optimized routing reduces both capital and operational costs for local distribution while increasing service levels and revenue-generating activities." About Locus: Locus is a deep-tech platform that automates human decisions in the supply chain to provide efficiency, transparency, and consistency in logistics operations. The platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights, and analytics, beat optimization, efficient warehouse management, vehicle allocation, and utilization. Locus also helps companies optimize their end-to-end supply chain network with its strategic consulting offering. The company powers deliveries across Southeast Asia, the Indian Subcontinent, Europe, and North America.

Read More

LOGISTICS

PS Logistics Acquires Indiana-based Jason Jones Trucking Inc.

PS Logistics | March 02, 2021

A Birmingham 100 firm has another acquisition under its belt. Flatbed transportation organization PS Holdco LLC, otherwise called PS Logistics, has purchased all substantial transportation resources of Shoals, Indiana-based Jason Jones Trucking Inc. (JJT). JJT will keep on working under the Jason Jones Trucking brand name. Financial terms of the deal were not disclosed. “JJT brings great freight synergies to both our companies as well as our customers,” said PS Logistics CEO Scott Smith. “It also further establishes our base in the upper Midwest and adds a new terminal to our growing national network.” PS Logistics has acquired 21 trucking and brokerage operations since 2007. Aside from JJT, PS Logistics' most as of late acquired substantially all assets of Camden-based WilMar Trucking LLC and WilMar Logistics LLC. About PS Logistics PS Logistics is a full-service logistics solution - with over 2000 flatbed assets, vans, step decks/RGN's, brokerage division, transportation management and 3PL, and dedicated fleet operations.

Read More

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