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Stay ahead of the latest trends in logistics and transportation

Ports and surface transportation must be able to accommodate the country’s growing population and freight volumes. The US DOT predicts that by 2045, freight volume will increase by 45% and America’s population will grow by 70 million people. America’s infrastructure has an average rating of a D+, ranking 12th worldwide in its health of infrastructure.
The Environmental Protection Agency (EPA) is preparing a rule that would set new standards to reduce NOx emissions from heavy-duty truck engines beginning in 2024. The agency last tightened its NOx standards for truck engines in 2010 to 0.2 gram per brake horsepower-hour.
3PLs have two fundamental responsibilities – leading customer relationships, which focus on supply chain services and providing the management of those services.
Shipment tracking technology enables shippers to be in control of their transportation and locate freight at any point in its journey. Track and trace features are available on a transportation management system (TMS). With this technology, you have the insight into carrier performance, transportation costs and market trends as you manage your logistics. Shipment tracking is a necessary element of supply chain management.
guide to transportation management systemTMS software is credited for saving companies money; those who manage transportation poorly spend $53 for every $1,000 of total spend on outbound transportation, while those utilizing a TMS only spend $6.35 per $1,000.
The American Trucking Association projects that the trucking industry is poised for serious growth by 2022. The forecast suggests that overall revenue for the industry will rise almost 66% and tonnage will increase 24% by 2022.
Motor vehicle crashes continue to be a leading cause of death and injury in the US – killing more than an average of 32,000 people a year. A 2007 National Highway Traffic Safety Administration (NHTSA) study found that almost half of all two-vehicle crashes are rear-ended crashes, and the primary reason for rear-end crashes is driver inattention.
Amazon Innovation: Grocery Stores. Amazon’s first big venture into brick-and-mortal is revolutionary: a grocery store with no cashiers or checkout lines. In the new store, shoppers will scan their Amazon Go app, and the technology will keep track of what you are picking up and add them to your virtual shopping cart. (Read: Omnichannel Takes on Food Industry & Gains Consumer Support)
LTL carriers saw all-time high revenues in 2014, then due to a decrease in fuel prices, revenue dropped in 2015. Balanced supply and demand kept LTL prices from dropping in 2016, and JOC.com reports that LTL carriers are looking forward to 2017 as freight volumes are predicted to be higher. Next year, the LTL sector could see a capacity crunch due to the ELD mandate, a slow economy and pricing models. LTL pricing is expected to increase in 2017 and fuel costs aren’t likely to see change. In order to cut LTL freight shipping costs, shippers need to be exact with freight’s weight and dimensions, package and pallet the freight properly, consider consolidation, and utilize transportation management systems.
(#11 Most Read in 2016) Seasonal Freight Surge and Consumer Forecast -Fuel prices, weather, capacity, and e-commerce are a few factors that determine truckload demand during the holiday season. Before Thanksgiving, reefer volumes increased and as December’s holiday shoppers start buying, more dry van loads were posted. UPS is expected Monday, December 19 to be the busiest shipping day, and for this year to have 14% more shipping volume than last year. (See the NRF predictions here.)
What Are the Top Supply Chain and Logistics Trends in 2017? Globalization logistics trends 2017 The supply chain is affected by the globalization of business, and those who work with international suppliers don’t have the same competitive advantage they once had. More markets are emerging in the global economy, and traditional supply and demand are changing. Industry Week reports that by 2025, global companies will have procurement managers based in China to source materials and services not only for their operations in that country but for their entire organization. Brazil, Russia, and India are predicted to become sources of supply and demand for global companies. Companies will have to be transparent in supply chain expansion strategies and offer suppliers visibility.
The first week of December 2016 had the highest week of volumes on the spot market in the past 2 years. DAT reports that the increase in available loads is because of e-commerce shopping. Denver and Memphis, in particular, saw load availability soar because those markets are distribution hubs for e-commerce.
Who is the Same-Day Delivery Consumer? Consumer expectations are growing. Why? Since companies have tested the same-day delivery option, consumers expect it as the standard. Coldwell Banker says about 53% of US customers are more likely to make an online purchase if they are offered same-day delivery.
Supply chains share common goals: increase productivity, reduce costs, mitigate risks. Common goals for reverse logistics are to improve customer satisfaction, cut costs, maximize return on assets. Reversing the supply chain means taking in returns, recalls, damaged goods and overstocked merchandise and recapturing its value or disposing of it. With the popularity of online shopping, the supply chain has become more multifaceted, increasing the importance of an organization’s reverse logistics strategy and inventory management practices.

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