Truckload

Earlier this month, Chicago-based project44, a technology services provider offering standardized, secure Web service API (application programming interfaces) integrations enabling 3PLs and shippers to connect with carriers in real time, announced it rolled out new capabilities with a focus on enabling multimodal visibility across a single user interface.

A new breed of leadership is creating a long-term vision to earn strategic relationships with shippers. Solid day-to-day execution and aggressive investment in technology set the direction for trucking’s new guard.

Company officials said that with this office, the company will be able to better assist Latin America-based customers, while continuing to provide shippers with truckload, less-than-truckload, intermodal brokerage, and transportation management services.

A guide to understanding and navigating the driver shortage and trucking regulations.

DAT North American Freight Index fell 2.5 percent in January, following an 8 percent December increase, snapping a six-month stretch of gains. But even though the post-holiday drop-off remained in effect, January truckload spot market activity was up 56 percent annually.

A transportation management system (TMS) can give you one of the strongest ROIs of any supply chain management software, if you find the right one for your business.

The company’s North American Freight Index was up 8 percent in December, marking the sixth straight month of volume gains. DAT attributed strong momentum for e-commerce and grocery shipments as the main growth drivers for December, a month that is typically quiet for the spot market.

An important role of a TMS is defining and calculating cost savings.

I’ve been in the TMS industry for more than 30 years, and today’s environment is more complex than ever.

A Tier 1 TMS, 3G-TM increases productivity by improving shipment efficiency and communications; reducing freight cost; increasing shipment visibility; and providing greater financial transparency.

Total third quarter invoice revenue for all TIA member study participants—at around $2.19 billion—was down 11 percent annually, and total shipments—at 1,272,945—decreased 4.3 percent. The average invoice per shipment of $1,722 fell 7.4 percent, with profit margin percentage up 90 basis points to 15.8 percent.

What the most recent edition of the North American Freight Index clearly spells out is that the truckload spot market is heading on a growth path, showing sequential gains from July through November for the first time in five years, DAT observes that this is interesting on multiple levels, including how the Index typically peaks in June and then subsequently sees declines through the remainder of the calendar year, coupled with ramifications for 2017 shipper-carrier contract rates.

Researchers from MIT’s MLOG Program, C.H. Robinson, and TMC teamed up to analyze over one million truckload transactions, and their findings revealed that by increasing lead time, companies can dramatically impact their transportation costs.

XPO Logistics said has sold its truckload business to TransForce Inc., a Montreal-based transportation and logistics services provider, for roughly $558 million in cash, subject to customary payments.