Trending Transportation Updates: February 2017

Posted by PLS Logistics February 28, 2017 at 9:29 AM

  1. “Trucking Futures Exchange” Could Launch This Summer: DAT Solutions and Transvix have teamed up to create a futures exchange that will allow trucking companies, 3PL’s, and shippers to better combat spot market rate uncertainty. The Exchange would use a similar process to the New York Mercantile Exchange and the Chicago Board of Trade. Futures contracts will be bought and sold on commodities like fuel, oil, or grain. (Read more: The Interrelated Issues Facing the Trucking Industry)
  2. Diesel Inches Up 0.7 cents to $2.572 a Gallon: The stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said. This is diesel’s second increase after four consecutive weeks of declines. Diesel now costs 58.9 cents more than it was a year ago, when the price was $1.983 a gallon, DOE said.
  3. UPS Moves Closer to Octocopter Drone Deliveries: On February 21, UPS launched an unmanned aerial vehicle from the roof of a UPS truck in Florida. The drone successfully dropped off a package at a home nearby, and then returned to the truck after it moved 2,000 feet from the launch location. UPS hopes the drone implementation will cut costs and ease delivery in complicated places, such as rural areas that have a large distance between stops. However, Mark Wallace, UPS Senior Vice President of Global Engineering and Sustainability, assures customers that the drones will not replace the brown-clad service providers we know and love. (Read more: 5 Common Problems Vendors Have with Routing Guides)
    1. UPS Moves Closer to Octocopter Drone Deliveries: On February 21, UPS launched an unmanned aerial vehicle from the roof of a UPS truck in Florida. The drone successfully dropped off a package at a home nearby, and then returned to the truck after it moved 2,000 feet from the launch location. UPS hopes the drone implementation will cut costs and ease delivery in complicated places, such as rural areas that have a large distance between stops. However, Mark Wallace, UPS Senior Vice President of Global Engineering and Sustainability, assures customers that the drones will not replace the brown-clad service providers we know and love.

Read Next: 6 Trending Transportation Updates: January 2017

Read More

Manufacturing Productivity Generates Focus on Transportation

Posted by PLS Logistics August 2, 2016 at 10:00 AM

Deloitte’s 2016 Global Manufacturing Competitiveness Index (GMCI) displays the influence manufacturing has on economies in terms of infrastructure initiatives, technological developments, employment rates, and contribution to the GDP.

US manufacturers have contributed $2.17 trillion to the economy. The manufacturing sector continues to grow and is directly linked to the growth of our country’s economy and non-manufacturing industries.

There are over 12 million manufacturing workers in the US; about 9% of the workforce. According to the Economic Policy Institute, each manufacturing job supports nearly 3 additional employment opportunities in the economy.

Manufacturing accounts for 12% of the US economy. According to the GMCI, the US continues to improve its global ranking and is projected to move from its current ranking at second into the number 1 position as the most competitive manufacturing nation by the end of the decade. Now, China is the most competitive manufacturing nation, and Germany is rated third.

Read More

The State of Reshoring: What Supply Chains Need to Know

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

Companies are strategically moving manufacturing facilities, examining labor costs and time to market, plus looking for accessibility to existing or developing markets and sources of innovation. Some companies are moving facilities offshore or nearshore, while many others are bringing production back to the US. According to a study from Boston Consulting, 54% of US manufacturers with more than $1 billion in revenue are considering reshoring some or all of their manufacturing.

Read More

4 Challenges in Supplier-Retailer Collaboration on Transportation

Posted by PLS Logistics February 3, 2016 at 10:30 AM

Retailers and their suppliers face difficult challenges in today’s economy. Consumers are more demanding than ever, and mistakes are more damaging than ever. Transportation is a key component in providing superior service levels and satisfying customers, but retailers and suppliers are often unable to effectively collaborate on transportation.

A recent study proves the value of a supplier-retailer collaboration: collaborative companies receive a 3.7% increase in revenue compared to those businesses who don’t work together. And, there’s a 5.4% decrease in costs on all initiatives that involve collaboration.

Read More

The 3 Main Obstacles Manufacturers Face with Inbound Freight Management

Posted by PLS Logistics February 2, 2016 at 8:30 AM

Industrial manufacturers are being hit hard by the current economic conditions. Overall demand for manufacturing is down, profit margins are shrinking and manufacturers are looking for any way to reduce operating costs.

Take steel manufacturers, for example, a wealth of low priced Chinese imports are driving the price of steel down, at a time when steel prices are already low and demand is shrinking rapidly. On top of this, the upstream and midstream portions of the oil supply chain have scaled back greatly with the low price of oil, further damaging the price and demand for steel.

Manufacturers play an integral role in the economy and are particularly susceptible to backlashes, as we’re seeing now. Many companies turn to transportation for cost savings and efficiency, however, they only ever focus on outbound movement of goods. Inbound transportation management is neglected and companies pay the price for not taking control of this function.

Read More

6 Effects 3D Printing has on Supply Chains

Posted by PLS Logistics April 16, 2015 at 9:00 AM

You’ve heard about the fascinating achievements in 3D printing. Printers can now create customized apparel, personalized make-up and can even be used in medicine. As 3D printing becomes more integrated in manufacturing, it is easy to conclude that logistics should be influenced as well. Has the adjustment process already started?

Read More
Camcode Top Logistics Blog

Follow Us