News of truck company closures continues to stress a freight industry still struggling to recover from the COVID-19 pandemic. It would seem no trucking company is too big to fail in the current economy, with not even giants such as Yellow Corporation spared. With nearly 73% of the nation’s freight moved by trucks, businesses that rely on trucks for freight handling have expressed concern. Trucks deliver essential goods to every… Continue reading
The logistics and transportation industries are on the cusp of a technological revolution, with autonomous trucks poised to reshape supply chains and freight movement across the globe. As artificial and robotics systems advance, self-driving trucks will transition from a futuristic concept to an everyday reality on our roadways. This shift promises to dramatically alter the economics, safety, and efficiency of road freight transport. Major technology companies and traditional truck manufacturers… Continue reading
Small to medium-sized enterprises (SMEs) struggle to keep up with larger competitors while operating on tighter budgets. One critical area where this disparity often rears its ugly head is in fulfillment technologies. Choosing the right fulfillment tech goes a long way in keeping SMEs in the game. Advanced warehouse management systems, automated picking solutions, and real-time inventory tracking were once the domain of industry giants. However, recent developments have leveled… Continue reading
Last-mile logistics providers must evolve if they hope to keep up with the rise of the Gen Z consumer. This tech-savvy generation’s high expectations for convenience, speed, and transparency have pushed retailers to overhaul the fulfillment and logistics process. Traditional fulfillment models no longer pass muster. Gen Z prefers advanced technologies offering more agile, customer-centric solutions. Businesses that fail to anticipate – and meet – the needs of this influential… Continue reading
The U.S. freight industry serves as a vital artery in the nation’s supply chain. Trucks move roughly 73% of the nation’s freight by weight, according to data from the U.S. Bureau of Transportation Statistics. Truck drivers have faced mounting challenges since 2020. First, it was a global supply chain disruption during the height of COVID. Then, they were hit with dropping freight rates amid rising inflation and an increase in… Continue reading
Batten down the hatches and hold on to your cargo tight. The increase in cargo thefts that spiked during 2023 shows no signs of reversing in 2024. During Q1 of 2024, CargoNet documented a staggering 925 incidents of cargo theft, marking a 46% increase over the same period in 2023. Reported thefts increased in most states, according to CargoNet’s first quarter supply chain risk trends analysis. However, California experienced the… Continue reading
Owner-operator Gamina Oliver has worked in the trucking industry since 1994. She drove trucks for other carriers early in her career and even worked as a dispatcher for a bit. A few years ago, she decided to take her knowledge of both sides of the business and begin operations on her own. She invested in a small fleet of three trucks and a reliable crew of drivers. Everything was going… Continue reading
The increase in popularity of online shopping has caused a surge in demand for road transportation services to move products between manufacturers, warehouses, fulfillment centers, and consumers. However, a shortage of qualified truck drivers in the U.S. poses a significant challenge that can hinder market growth. According to the North American Road Freight Transportation Market Forecast for 2024-2028, the average age of truck drivers in the U.S. today is 46,… Continue reading
Excelsior Integrated, with operations and facilities located in Lee, Massachusetts and Fresno, California, has formed a 4PL network partnership with PSI of Atlanta, Georgia to deliver innovative fulfillment solutions to businesses nationwide and globally. These two leading Third Party Logistics companies (3PL) have integrated to leverage their respective expertise, technology, strategic locations, and mutual customer-centric approaches, offering new game changing logistics opportunities for them and their clientele. A primary driver… Continue reading
Each year, insightQuote conducts a warehousing cost and pricing survey, and we now have our results in from our survey concluded for 2021. Some incredible insights came out of this venture that we would like to share with the world. Before we get to that, we need to be clear about some of the assumptions that this survey makes so that people will understand how we tabulated the results that… Continue reading
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