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“Intermodal Gives Shippers, 3PLs Relief from Tight Trucking Market” Jeff Heller, Norfolk Southern

SMC³ recently spoke with Jeff Heller, vice president of intermodal and automotive at Norfolk Southern, about the effect the tight trucking capacity market is having on the intermodal industry.

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Industry insider shares a few observations and insights, while providing a brief forecast for supply chain managers preparing for the year ahead.

SMC³ recently spoke with Jeff Heller, vice president of intermodal and automotive at Norfolk Southern, about the effect the tight trucking capacity market is having on the intermodal industry.

The intersection of supply chain technology, changing online consumer spending habits, data management, delivery preferences, and other factors are all serving as game changers in how 3PLs are continually striving to better serve shippers. That is a key takeaway from the 2019 22nd Annual Third-Party Logistics Study, which was released today by Infosys Consulting, Penn State University, Penske Logistics, and Korn Ferry at the Council of Supply Chain Management Professionals (CSCMP) Edge conference in Nashville, Tennessee.

An ongoing state of heightened demand for e-commerce distribution space continues to serve as a driver for several of the largest United States Industrial & Logistics (I&L) leases completed in the first half of 2018, according to research recently published by Los Angeles-based industrial real estate firm CBRE. The research, entitled “Dealmakers: Largest Warehouse Leases in H1 2018,” analyzed the 100 largest leases for the I&L space by square footage.

Technology will make individuals more efficient to the point where a third party that provides additional people might not be needed.

Hub officials said this sale represents the byproduct of an exploration of strategic alternatives for Mode that was undertaken by the Hub Group Board of Directors, which they said is part of an ongoing review of alternatives for creating shareholder value that it announced in August.

What do shippers need to do when evaluating the best 3PL? That question and others will be addressed at the 3PL Value Creation North America Summit 2018 in Chicago this October.

Supply chain activities specifically related to transportation have seen dramatic changes in the last five years driven by end user experience and the technologies available to support, maintains Ravi Dosanjh Executive Armstrong & Associates’ (A&A) Vice President – International Advisory.

Learn about the 34th Annual Quest for Quality Award winners for Third Party Logistics (3PL) Providers.

The lines between 3PLs and brokers are blurring while carriers move into the space; and shippers are considering whether to outsource their freight or use a dedicated fleet.

As we have for the past 29 years, the Logistics Management editorial team has devoted a large portion of our July issue to putting context around the “Annual State of Logistics Report (SoL)”—and we continue to do so for good reason.

A combination of strong demand, favorable economic conditions and technological innovation is paying off in the truckload brokerage space—and savvy shippers are leveraging this dynamic market to gain advantage.

Recent research from commercial real estate firm JLL indicates some markets are better than others for shippers and 3PLs.

Amid demands for innovation and customer service, public refrigerated warehouses are challenged to provide flexibility and efficiency for a fickle customer base.

The report, entitled “Bulls Lead: Third-Party Logistics Market Results and Trends for 2018,” estimated that 2017 net revenues for the U.S. 3PL market rose 5% to $77.1 billion, with gross revenues up 10.5% to $184.3 million. The gain in net revenues continues a pattern of single-digit annual growth.