Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.
May-June 2018
Last month, I was in Atlanta at the Modex trade show. In one sense, it is a tribute to the automation technologies managing today’s distribution networks. And, I’m not only talking about automated materials handling systems, but also the software and NextGen technologies such as robotics, wearable technologies, including smart glasses and augmented reality solutions and sensors enabling the Internet of Things. In another sense, all of these solutions are coming together to drive fulfillment. With the increase in e-commerce, getting the right product to the right customer at the right time has never been more important. Browse this issue archive.Need Help? Contact customer service 847-559-7581 More options
Freight markets come in highly predictable waves. Unfortunately for shippers, the wave they’re being hit with now contains a tsunami of higher rates, as truckers make up ground lost by the long slog back to normalcy following the Great Recession of 2008-2009.
In fact, this current cycle might as well be called the roaring freight market of 2017-2018. Freight is overflowing, even in the first quarter - traditionally the slowest quarter of the year. Carriers, hampered by a lack of drivers and faced with new time constraints due to mandatory electronic logging devices (ELDs), are increasingly being choosy in picking the best-yielding freight for their bottom lines.
As Logistics Management discloses in its annual examination of the Top 25 trucking companies, nearly all of the Top 50 carriers are profitable, some with eye-popping efficiencies, such as Old Dominion Freight Line’s (ODFL) industry-leading 82.5 operating ratios for last year. Keep in mind ODFL is posting that impressive ratio while growing annual revenue 10% to more than $3 billion last year.
It’s this combination of growth and profitability that nearly all members of Logistics Management’s Top 50 strive for in the dog-eat-dog, pennies-on-the-dollar, deregulated trucking environment. Let’s examine some moves that the Top 50 are making to maximize profitability and growth in this booming freight environment.
This complete article is available to subscribers only.
Log in now for full access or start your PLUS+ subscription for instant access.
SC
MR
Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.
May-June 2018
Last month, I was in Atlanta at the Modex trade show. In one sense, it is a tribute to the automation technologies managing today’s distribution networks. And, I’m not only talking about automated materials… Browse this issue archive. Access your online digital edition. Download a PDF file of the May-June 2018 issue.Freight markets come in highly predictable waves. Unfortunately for shippers, the wave they’re being hit with now contains a tsunami of higher rates, as truckers make up ground lost by the long slog back to normalcy following the Great Recession of 2008-2009.
In fact, this current cycle might as well be called the roaring freight market of 2017-2018. Freight is overflowing, even in the first quarter - traditionally the slowest quarter of the year. Carriers, hampered by a lack of drivers and faced with new time constraints due to mandatory electronic logging devices (ELDs), are increasingly being choosy in picking the best-yielding freight for their bottom lines.
As Logistics Management discloses in its annual examination of the Top 25 trucking companies, nearly all of the Top 50 carriers are profitable, some with eye-popping efficiencies, such as Old Dominion Freight Line’s (ODFL) industry-leading 82.5 operating ratios for last year. Keep in mind ODFL is posting that impressive ratio while growing annual revenue 10% to more than $3 billion last year.
It’s this combination of growth and profitability that nearly all members of Logistics Management’s Top 50 strive for in the dog-eat-dog, pennies-on-the-dollar, deregulated trucking environment. Let’s examine some moves that the Top 50 are making to maximize profitability and growth in this booming freight environment.
SC
MR
More 3PL
- Orchestration: The Future of Supply Chain
- February and year-to-date U.S. import volume is solid, reports S&P Global Market Intelligence
- 2024 retail sales forecast calls for growth, says National Retail Federation
- ISM reports another month of services sector growth in February
- February manufacturing output declines, notes ISM
- How to Create Real Retailer-Brand Loyalty
- More 3PL
Latest Podcast
Explore
Business Management News
- How CPG brands can deliver on supplier diversity promises
- How S&OP provides the answer to in-demand products
- AI, virtual reality is bringing experiential learning into the modern age
- Tips for CIOs to overcome technology talent acquisition troubles
- There is still work to do to achieve supply chain stability
- Blooming success: The vital role of S&OE in nurturing global supply chains
- More Business Management