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Mar 7, 2023 • 5min
3rd Carrier Update - 03/07/2023
NTI average drops another cent to $2.38
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Mar 7, 2023 • 10min
How to handle LTL Automation
Mary O'Connell- 3PL Expert - FW - St. Louis, MO
How does LTL automation handle complexity and scalability in real-world applications?
What steps are being taken to improve the verification and validation process for LTL-controlled systems?
How is LTL automation addressing the increasing demand for real-time monitoring and control in dynamic environments?
What new developments and advancements are being made in the field of LTL automation to enhance functionality and performance?
What about the rumblings of moving to density based LTL vs NMFC codes? Think that's on the horizon for the future of LTL?
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Mar 7, 2023 • 5min
2nd Carrier Update - 03/07/2023
Market share percentages increase this year in Houston and Phoenix
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Mar 7, 2023 • 10min
Lordstown Motors giving up on Endurance Truck?
Alan Adler - Midwest Bureau Chief - FreightWaves - Nunica, MI
Lordstown Motors (LMC) issued its first recall, covering 19 Endurance commercial electric pickup trucks because they can stop running without warning. It plans a second recall to address issues resulting from its brake part supplier failing to source components to specifications.
Without an OEM to shoulder costs, what is Lordstown to do?
Will FoxConn be able to save the Endurance Truck - if it wants to?
The bill of material is higher than the selling price of the truck - how was this going to work economically?
Is this representative of growing pains in the electric truck industry or is this a more serious problem that an EV service truck needs much more research and development?
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Mar 7, 2023 • 5min
1st Carrier Update - 03/07/2023
Van freight volumes increase during the first week of March
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Mar 7, 2023 • 10min
Air carriers scaling back on capacity
Eric Kulisch - Air Cargo Editor - FreightWaves - Vancouver, WA
We’ve started to see trucking carriers scale back some, brokerages have had noticeable layoffs - what’s going on in the air cargo industry?
Not too long ago, you were reporting of some airlines making bigger purchases - now we’re hearing about companies Like CargoJet with plans to convert passenger planes into freighters aren’t even doing that - was it a misstep?
Maersk is no idling planes, what’s been their reason for scaling back?
Lufthansa seems to be bucking the trend and looking bullish on 2023 as you wrote - what are they seeing that others aren’t
Have you heard how other air carriers are viewing 2023 and taking any significant steps in altering their strategies?
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Mar 3, 2023 • 4min
4th Carrier Update - 03/03/2023
Lanes of the Day
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Mar 3, 2023 • 11min
Roundtable - What if ocean carriers ignored the US west coast?
Bill Priestley
Thomas Wasson
Donny Gilbert
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Mar 3, 2023 • 9min
New Tool to offer Training as a Service
Tell us about Sync
Training-as-a-service platform for the transportation industry
Training is overlooked
New hire perspective
Continuing education perspective
It’s an area where employers really struggle, so we’re putting together Sync to deliver training more effectively, to help people ramp more quickly and to lessen the burden on management.
Why is training overlooked?
Nobody thinks it’s unimportant, but it rarely gets prioritized
People are busy. A lot of the time, managers get pulled into training and they have other things to do.
It’s not immediately revenue producing, so it gets deprioritized.
We can talk later about how people with training are more productive and it’s a worthwhile investment, but it doesn’t produce revenue the same way booking a truck does.
Why is training so important?
New hires
This is obvious. If you want to set someone up for failure, don’t train them.
From a strictly financial perspective, we can talk about how much more productive someone is after being trained compared with just throwing them into things.
We can talk about the cost of a bad hire. If someone quits in 6 months b/c they weren’t trained well enough to do their job, it costs like $20k or something like that.
Experienced hires & continuing education
More interesting
Skills that you need to broker freight at a high level
Communication, conflict resolution, problem solving, financial literacy
It’s such a demanding job from a skill perspective, but very few people get trained on them
How does training tie into retention?
People want personal and professional growth
People want training
People want career advancement
A lot of brokerage don’t have opportunities for career advancement
If they don’t get training from you, they’ll go somewhere else
How does Sync approach training?
Learning has to be engaging, relevant and actionable
Sticking someone on front of a computer doesn’t do that
I don’t care how many times you’re told how to have a conversation with a driver, you don’t fully understand until you do it.
Videos, but also activities, simulations and shadowing.
Learning is a process, not an event
It’s not just “here’s 2 weeks of training” and you’re done
Learning paths from day 1 until you leave the brokerage.
When is the time to look at training?
Now
In a down market, brokers tend to scale back on tech and people
All this does is set you up for failure when the market swings back.
Now is a great time to invest in training your people to better cope with changing market conditions
Who is Sync for?
Moving into other players
Currently brokers AND tech companies
Delivering training materials to their customers
The knowledge gap for adoption isn’t that people don’t know what buttons to press. It’s that they don’t know how to apply the info they get.
Layer in some additional training to truly teach folk how to use their tech and further driver adoption.
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Mar 3, 2023 • 5min
3rd Carrier Update - 03/03/2023
NTI holds at $2.39 rpm
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