What will the US trucking capacity situation be in five years? Will it be tighter than today, looser, or about the same? A show of hands to those questions at a panel — which I moderated at the Council of Supply Chain Management Professional’s 2018 Edge Conference — revealed most expect further tightness come 2023. Fundamentally, yours truly does not fully agree.
Lawrence Gross, president, Gross Transportation Consulting
Colin Barrett, president, Barrett Transportation Consultants
In order to relieve itself of legal liability for damage, a carrier has to prove that what went on adds up to one of the excepted causes allowing for such relief.
Gary Ferrulli, chief executive officer, Global Logistics & Transport Consulting
Ocean carriers and shippers, although mutually dependent, continue to act in ways that are adversarial and self-destructive, and they're doing so while the industry is about to face major challenges, including slowing global demand growth, overcapacity, and the low-sulfur bunker fuel rule.
Stefan Kukman, founder and CEO, CargoX
Not all blockchains are the same. Some projects describe themselves as blockchain-based yet are effectively protected databases. These private blockchains are just another proprietary system, forcing participants to use the solution in a particular way. A better system? Open, or public, blockchains.
Rick Burnett, CEO, LaneAxis
A driver-centric social network could not only become part of the trucking ecosystem, but establish itself as the very core of driver and industry interaction.
The Port of New York and New Jersey will face multiple-port competition for discretionary cargo in the decade ahead and with the head of the seaport departing, that intensifying competition calls out for a leader with operating experience.
On the surface, China’s Asia-Europe rail subsidies seem like a slam-dunk win for shippers, a free lunch. But as the axiom states, “There’s no such thing as a free lunch.” And that axiom applies to international shipping as well.
Toby Edwards, CEO, Shipa Freight
With the internet and various complementary technology already in place, the road has been cleared for logistics service providers to launch a new vehicle for shippers to take advantage of — the online freight-forwarding platform.
Kevin Ledversis, director of sales, Newcastle Systems
One way shippers can improve efficiency is to leverage the benefits of dimensioning technology. Dimensioning is measuring the area or volume of a product being shipped, and the use of scanning technology now enables shippers to quickly and accurately calculate storage, box size, and weight to determine the best packaging or storage for space optimization.
David Rish, president, global trade management, Livingston International
Safeguards large businesses are implementing aren't exclusive to big business. Here are some basic actions midsized businesses can take to limit additional cost and risk during the United States' ongoing trade disputes.
Taylor Howerton, senior vice president, commercial banking, logistics, and supply chain industry manager, SunTrust Bank
Trade negotiations and subsequent tariffs have been top of mind for many business leaders. While no one can predict the outcome of negotiations, companies can take steps to mitigate risks while driving down costs associated with supply chain functions.
Who would have thought that the container — one of the world’s greatest universal standards and one that’s creating untold benefits for trade and prosperity — would be followed by decades of inadequate progress regarding the standardization of processes that move that container?
Todd Bryant, president and founder, Bryant Surety Bonds
The Federal Maritime Commission (FMC) is the body that oversees the activities of ocean freight forwarders and non-vessel-operating common carriers. In order to ensure that forwarders and carriers will comply with the law, the FMC requires such professionals to obtain a surety bond.
Mike Wilder, vice president of managed services, Livingston International
Will the new terms the Trump administration is currently negotiating create the auto jobs renaissance for which it has been pining? That’s a tough question to answer because of a number of factors.
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