Market Update: Secure Capacity with These 3 Tips

Posted by PLS Logistics March 14, 2017 at 9:03 AM

Shippers are expecting higher rates and less capacity this year, so many are trying to lock in contract rates and secure trucks before the spike. Carriers have been hammered by low fuel prices, strict regulations, and rising equipment costs.

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Consider This When Choosing Your Next DC Location

Posted by PLS Logistics March 7, 2017 at 9:02 AM

When a company outgrows its distribution capacity, it expands by opening a new distribution center (DC). The best approach to choosing your new DC location is to evaluate your entire logistics strategy.

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The Interrelated Issues Facing the Trucking Industry

Posted by PLS Logistics January 6, 2017 at 11:45 AM

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.

However, 2016’s economy saw slow growth, shipping rates and volumes. Due to low demand, excess inventory and infrastructure bottlenecks, revenue YOY only rose 0.2%. But 2017’s trucking outlook improves: demand, spending and manufacturing are expected to pick up.

The driver shortage still overshadows the industry, and is expected to get worse. There aren’t enough qualified drivers filling open positions, and the aging workforce is retiring.

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Ocean Capacity: Bad News for Commodities Shipping

Posted by PLS Logistics April 4, 2016 at 9:30 AM

The Chinese economy drives demand for freight on the seas, and its economy’s existing weakness is weighing on the global shipping industry. Ocean shipping is necessary to the global economy, but shippers are experiencing somewhat of a crisis: low demand and surplus shipping vessels for hire. China’s slow economy is reducing demand for commodities like coal and iron ore, which affects dry bulk ocean transport.

The dry bulk shipping downturn began in 2008, after the beginning of the US financial crisis, and got worse in 2015 as the Chinese economy weakened. 2009 was the worst year on record for container shipping: the industry lost $20 billion.

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Trending Transportation News: March 2016

Posted by PLS Logistics March 31, 2016 at 9:30 AM

Here’s an overview of 6 popular transportation and supply chain news stories from March:

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Intermodal Transportation Prepares for a Surge

Posted by PLS Logistics February 10, 2016 at 10:00 AM

Intermodal transportation prepares for a surge in freight volume due to the driver shortage, increased demand, heightened government regulations, environmental issues and the damaged highway infrastructure.

Intermodal and rail, once considered slow and undependable, are now defined by proficiency, economy and sustainability. Rail has regained transportation market share because it has the capacity, safety and rates that shippers are searching for. Through intermodal transportation, shippers realize the benefits of combining transportation modes for custom freight solutions. (Check out this blog to learn more: Shippers Turn to Intermodal for Savings).

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Don’t Make this One Big Mistake during TMS Implementation

Posted by PLS Logistics December 1, 2015 at 9:00 AM

Implementing transportation management software (TMS) can be a long and difficult process for some companies. Shippers usually choose software that will provide them with the fastest ROI, but this may not be the best answer long-term. Most shippers overlook one crucial area of TMS implementation: carrier connectivity.

Carrier connectivity refers to the use of a cloud-based TMS application, which many carriers access in order to find loads, in which data is collected and transmitted to both shippers and carriers.

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Market Update: State of Capacity and Transportation Costs

Posted by PLS Logistics November 12, 2015 at 1:00 PM

This year has been less stressful for shippers compared to the strong customer demand and tight capacity of 2014. But, the situation is about to change. A recent market overview by the Journal of Commerce shows that both contract and spot market truck rates will increase.

The current recess of rate growth will end due to the expanding economy and shrinking capacity. Economic forecasts for 2015-2016 predict that development will accelerate from about 2.4% to 3%. David G. Ross, a managing director at Stifel, expects that truckload rates will rise 3-5% and LTL rates will rise 2-4% percent this year.

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Truck Drivers Enjoy Pay Increases, Shippers Pick Up the Tab

Posted by PLS Admin November 5, 2015 at 9:30 AM

Truck driver pay has increased 17% over the last two years and will continue to climb. Truck drivers haven’t seen pay raises in years. They’re now demanding more money, and carriers must oblige.

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The Debate: CDL Minimum Age

Posted by PLS Logistics August 27, 2015 at 10:30 AM

 

The Commercial Driver Act (S.1672), introduced last month by Sen. Deb Fischer (R-NE) would let truck drivers under the age of 21 operate commercial motor vehicles across state lines. Now, 18- to 20-year old drivers are only allowed to drive intrastate. Participating states would have to enter the agreement and standardize the licensingrequirement for drivers who will travel between states.

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