If you are on the lookout to purchase a Laser X this Christmas and find a deal that’s too good to be true, it just may be.
Electronic logs. Electric semis. Autonomous vehicles. As the supply chain industry moves forward, the technology we use is quickly gaining ground, making big changes in how we do business. But with 2018 knocking at the door, it's time to take a quick look back to see what the hottest trends were in 2017 for supply chain technology.
The good news is that incidents of cargo theft are going down. The bad news is that the trucking industry can't afford to let its guard down. With the holiday season in full swing, it's a prime time for criminals to get bold about targeting trucks with prized cargo that can be easily sold or distributed quickly and discreetly.
While the third quarter experienced an 18% decrease in stolen goods when compared to the same period last year, cargo theft remains a large problem that costs the industry nearly $30 billion a year according to the FBI. With the upcoming holiday season, we are quickly approaching some of the busiest retail days of the year, including Black Friday and Cyber Monday, which means an increase in shipping and a greater chance of thieves making out with truckloads of merchandise. In fact, cargo theft incidents in the third quarter rose 24% compared to 2Q 2017, with the 4th quarter being considered the peak season for thieves with theft rising as much as 40% on holiday weekends. (1, 2)
Thank you all for entering Road Scholar's 2017 Halloween Pet Photo Contest. We've gotten some great entries...everything from dogs to horses and even turtles! Now it's time to vote for your favorites! Cast your votes below once daily per e-mail address and SHARE this post with your family and friends. Want to increase the chances of your favorite pet(s) winning? Visit our Facebook page and LIKE/SHARE as many pet photos as you want. The top three pets with the most combined total of likes, shares, and votes will be rewarded for their cuteness with a gift card to PetSmart! Voting will end Wed. Nov. 8th at midnight. Good luck to all of our participants!
The American Transportation Research Institute released its report “Critical Issues in the Trucking Industry” this week, which identified the top concerns and challenges along with strategies for each according to 1,557 motor carriers, drivers, and stakeholders in the U.S., Canada and Mexico. Results from the report were as follows:
Teletrac Navman recently released results from a survey they conducted in March 2017 which contained input from over 1,200 fleet operations/management professionals across the globe. Pulling out 118 responses from individuals based in the U.S. that primarily operated in the transportation industry, the company was able to compose the 2017 Benchmark Survey: U.S. Transportation Edition. Results from the survey were as follows:
Earlier this year, President Trump signed Executive Order 13771 (“Reducing Regulation and Controlling Regulatory Costs”). In order to comply with the order, which would eliminate two “burdensome regulations” for every one new regulatory action, the Federal Motor Carrier Safety Administration (FMCSA)’s Motor Carrier Safety Advisory Committee (MCSAC) presented a PowerPoint containing a list of a dozen rules that they suggest can be considered for elimination. These included:
Natural disasters, driver shortage, a growing economy, higher input costs, increasing pay for qualified drivers…all factors contributing to the highest spot quotes the industry has seen in over two years with van rates on the truckload spot quote market reaching a national average of $1.94 per mile and reefer rates increasing from $2.19 to $2.22 per mile week-over-week, according to DAT Trendlines.
CargoNet recently released its 2016 cargo theft report. Its results for the United States and Canada were as follows: (The below information is provided by https://www.ajot.com/news/cargonets-2016-cargo-theft-trend-analysis)
Expected to be the “first Category 3 hurricane to hit the US in 12 years” as well as the first major hurricane in America since Hurricane Katrina produced its damaging effects back in 2005, according to FEMA, Hurricane Harvey has now reached a Category 2 as it makes its way through the Gulf of Mexico.1
Vendor chargebacks can be costly, with shippers and carriers being hit hard with financial deductions on their invoice for a number of violations. Common chargebacks include late/early shipment arrivals, paperwork errors, invalid advance ship notices (ASNs), utilizing the wrong carrier, incorrect packaging/labeling, shortages, damage…the list goes on. Examples of penalties from one such vendor include 10% off the total shipment invoice for late arrival, $195 for each incorrect bill of lading, $10 per carton for an invalid ASN, and $5 for each incorrect label.1