With no dramatic changes in sourcing or the state of trade tensions, shippers will be forced to pass on higher costs to customers – something that will affect trade volume.
Professor Roar Adland and Dr. Haiying Jia, visiting scholars, Center for Transportation and Logistics, Massachusetts of Institute of Technology
Demurrage is arguably one of the most disputed contract terms in the transportation industry. The application of smart contracts could address many of the issues that make demurrage claims costly and inefficient, providing the industry can reconcile the technology with the uncertainties of the physical supply chain.
Joni Casey, president and CEO, Intermodal Association of North America
The wind is at the intermodal sector’s back in the North American markets, but there is one headwind that, and as of now, the scope and ultimate impact is unknown.
Lawrence Gross, president, Gross Transportation Consulting
What will the US trucking capacity situation be in five years? Will it be tighter than today, looser, or about the same? A show of hands to those questions at a panel — which I moderated at the Council of Supply Chain Management Professional’s 2018 Edge Conference — revealed most expect further tightness come 2023. Fundamentally, yours truly does not fully agree.
Colin Barrett, president, Barrett Transportation Consultants
In order to relieve itself of legal liability for damage, a carrier has to prove that what went on adds up to one of the excepted causes allowing for such relief.
Gary Ferrulli, chief executive officer, Global Logistics & Transport Consulting
Ocean carriers and shippers, although mutually dependent, continue to act in ways that are adversarial and self-destructive, and they're doing so while the industry is about to face major challenges, including slowing global demand growth, overcapacity, and the low-sulfur bunker fuel rule.
Not all blockchains are the same. Some projects describe themselves as blockchain-based yet are effectively protected databases. These private blockchains are just another proprietary system, forcing participants to use the solution in a particular way. A better system? Open, or public, blockchains.
A driver-centric social network could not only become part of the trucking ecosystem, but establish itself as the very core of driver and industry interaction.
The Port of New York and New Jersey will face multiple-port competition for discretionary cargo in the decade ahead and with the head of the seaport departing, that intensifying competition calls out for a leader with operating experience.
On the surface, China’s Asia-Europe rail subsidies seem like a slam-dunk win for shippers, a free lunch. But as the axiom states, “There’s no such thing as a free lunch.” And that axiom applies to international shipping as well.
With the internet and various complementary technology already in place, the road has been cleared for logistics service providers to launch a new vehicle for shippers to take advantage of — the online freight-forwarding platform.
Kevin Ledversis, director of sales, Newcastle Systems
One way shippers can improve efficiency is to leverage the benefits of dimensioning technology. Dimensioning is measuring the area or volume of a product being shipped, and the use of scanning technology now enables shippers to quickly and accurately calculate storage, box size, and weight to determine the best packaging or storage for space optimization.
David Rish, president, global trade management, Livingston International
Safeguards large businesses are implementing aren't exclusive to big business. Here are some basic actions midsized businesses can take to limit additional cost and risk during the United States' ongoing trade disputes.
Taylor Howerton, senior vice president, commercial banking, logistics, and supply chain industry manager, SunTrust Bank
Trade negotiations and subsequent tariffs have been top of mind for many business leaders. While no one can predict the outcome of negotiations, companies can take steps to mitigate risks while driving down costs associated with supply chain functions.
US tariffs – the long-term impact on Trans-Pac imports
Can smart contracts reduce the cost, inefficiency of demurrage claims?
The factors behind North America’s intermodal acceleration
How the market for US truck drivers will fare, moving foward
Proof of cause should determine liability
No one wins in this coin toss
Why an open blockchain matters to BCOs
How a driver-centric social network can empower truckers
Hire an operator for NY-NJ
China’s Asia-Europe rail subsidies — a two-edged sword
Five reasons why online freight-forwarding platforms are a necessity
How to save cargo space and increase efficiency with dimensioning
What midsize firms can learn from multinationals about avoiding tariffs
How shippers can mitigate risk amid rising trade tensions