What did you think about the CEO Spotlight?
Is there anything you'd like to hear about?
Do you have any questions or comments?
Send me a message at ReganMike@tranzact.com
TranzAct's C-Level Spotlight is the essential source for transportation news at the Executive Level. Turn here for the latest news and what you need to focus on to improve your supply chain.
Recently, at a meeting with some Presidents and CEOs, I talked about what is happening in the transportation marketplace. When I explained how and why they could see their freight costs go up by as much as 15% to 20% over the next two to three years, one CEO asked: "Why aren't my transportation folks sharing this information with me?" With that thought in mind this is why I created the CEO Spotlight.
Dimensional Parcel Pricing is upon us! If you want to learn more about the impact of the new pricing methods of UPS and Fedex (and more LTL carriers as well), take a look at this excellent information from Parcel Expert Jerry Hempstead, so you know what actions to take to keep your spending in line.
In today's transportation marketplace where capacity is tight, have you ever wondered who "gets the trucks?" If so, then you need to listen to this interview with Derek Leathers, President & COO of Werner Enterprises. Derek shares some slides that will help you understand the truckload marketplace and highlights how carriers make decisions about costs, lanes, and other factors which impact their pricing decisions. Download the slides with audio attached to learn more about capacity, utilization, and how shippers and carriers can work together to improve the transportation industry as a whole.
We frequently get asked: Where do you get all of the information about key economic indicators that are affecting the freight markets? If you want some great data to really understand what is happening with the economy and the freight markets, consider these outstanding resources: The Georgia Logistics Market Snapshot is issued on a monthly basis. The folks over at Internet Truckstop put out the weekly Trans4Cast Newsletter (subscription required) and includes the Market Demand Index (MDI) and important information regarding capacity. Our friends at FTR Associates put out a monthly, subscriber-based newsletter with in depth coverage about what is happening in the Trucking Sector.
After you get done with the economic data from the Logistics Market Snapshot, Internet Truckstop, and FTR Associates, why not take a look at some of the valuable information from the financial analysts? Check out these reports from our friends at Stifel. They filed their report after attending the recent Truckload Carriers Association Meeting, and the report includes some very important takeawaysabout what is happening in the Transportation & Logistics marketplace. We also have some other great resources availble for your review. If you would like a copy BB&T's "Cup of Joe" report, which addressed the potential freight vortex, or Wolfe Research's popular Friday Report, send us an e-mail or give us a call.
You need to understand how evolving regulations will be part of the rate increases you will continue to see, and you need to know what can be done to mitigate the impact. We have two resources covering this topic. We have the Powerpoint slides from the Regulatory Tsunami Webinar put together by John Cutler, NASSTRAC's General Counsel (hosted by Logistics Management), and Mike Regan's recent interview with Denny Grim from Sound Business.
Performance. Not promises.
In addition to keeping you on top of industry trends, TranzAct offers state-of-the-art technology and tools to help companies reduce their transportation/freight costs. Whether it is outstanding freight audit, payment and reporting capabilities, advanced Parcel Analytic tools, superior Transportation Management Systems capabilities, or comprehensive carrier monitoring services, Tranzact has the experience and expertise to provide your company in-depth transportation and supply chain cost saving solutions.
If you are interested in lowering your freight costs, contact us for a free benchmarking of your transportation rates.
Get in Touch
I'd love to hear your thought about the CEO Spotlight. I can be reached by email at ReganMike@tranzact.com or over the phone at 630-530-6199.
On your team,
Mike Regan
your transportation rates.