Transportation TIP List: Week of September 9th, 2018

Posted - September 12, 2018

We appreciate our highway heroes each and every day, but we’re especially thankful today and all week long as we celebrate National Truck Driver Appreciation Week. Thank you, truck drivers, for all that you do!

With our road warriors top of mind, this week’s TIP list highlights the latest trends impacting the industry, including the value a TMS can bring to shippers and how advanced technologies are revolutionizing the supply chain. Fuel up and hit the road with the articles below!

  • Today’s TMS Deliver More Than Freight Savings: For decades, TMS software has been an effective tool for helping shippers and 3PLs cut freight costs, plan routes and select and manage carriers. But today, many companies are using the technology for an even wider variety of tasks, such as managing capacity in a constrained market and making cost and service tradeoffs.
  • How AI and Machine Learning Are Revolutionizing Logistics, Supply Chain and Transportation: Forbes Insights research shows that 65% of senior transportation-focused executives believe logistics, supply chain and transportation processes are in the midst of a renaissance—an era of profound transformation due to advanced technology.
  • Truckers Get Digital in the Search for Big Rigs: Big trucking companies, scrambling along with their customers to keep up with fast-growing U.S. economic demand, are investing millions of dollars into technology to build up services as digital freight middlemen.
  • Supply Chain Complexity Could Drive TMS Market to $25 Billion by 2023: Due to the continued complexity in the transportation industry from regulations, taxes, staffing and e-commerce, market-foresight advisory firm ABI Research predicts that companies will spend at least $12.8 billion globally this year on TMS technology.
  • The Time Is Right to Learn About Blockchain: When it comes to the transportation industry, we have historically relied on EDI standards. But one significant issue with EDI, when compared to blockchain, is the transaction standards differ from shipper to shipper or carrier to carrier.

How are you celebrating National Truck Driver Appreciation Week? Let us know in the comment section below!