Transportation TIP List: Week of March 17th, 2019
This week, college basketball’s tournament to crown its national champion is set to begin. And in honor of March Madness, we’ve curated this week’s hoops-inspired TIP List featuring a few of the freshest transportation trends to help you face the competition. From the importance of investing in trucking technology to new ways of thinking about e-commerce – below you can find all of the articles that our selection committee has chosen as front-runners.
- E-commerce Logistics – Leverage New Thinking: The growth of e-commerce is driving changes in logistics and transportation management – from tightening up trucking capacity to elevating the importance of final-mile delivery processes. To respond, logistics managers need to leverage new ways of thinking in an effort to improve partnerships and increase speed and efficiency.
- How to Keep Pace with Trucking’s Changing Technology: From the trucks on the road to the back office, successful fleets find ways to stay ahead of the technology curve. That requires investments, not only in equipment and software, but also ongoing training for drivers and other employees.
- Imports Drop to Annual Lows with Tariff Hike on Hold: In March, U.S. ports are expected to see their lowest import numbers since this time last year, as trade hits its annual slowdown between peak seasons and the tariff hike is on hold, according to the NRF and Hackett Associates.
- Pay Hikes Cut U.S. Driver Turnover at Big Truck Fleets: Could higher truck driver pay actually be working to keep more drivers in truck cabs? That looks to be the case, as the driver turnover rate for large truckload carriers — those with more than $30 million in annual revenue — dropped to 78% in the fourth quarter, says the ATA. That was a 9% drop from the third quarter.
- Logistics Industry Growth Slows in February: The February Logistics Manager’s Index (LMI) report registered 61.9, down from January’s reading of 63.3 and down from a reading of 68.9 a year ago. The LMI remained above 66 from January through November 2018, slipping to 63.54 in December.
What innovative technology is your supply chain implementing?