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FreightWaves Today
FreightWaves Today episodes
- 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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10 min - 4th Carrier Update - 03/03/2023
Lanes of the Day
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5 min - Roundtable - What if ocean carriers ignored the US west coast?
Bill Priestley
Thomas Wasson
Donny Gilbert
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11 min - 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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10 min - 3rd Carrier Update - 03/03/2023
NTI holds at $2.39 rpm
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5 min - Cold Chain transport in rural areas
Mary O’Connell - Running on Ice Community - FreightWaves - St. Louis, MO
- What are some of the biggest challenges that rural communities in developing countries or rural America face when it comes to accessing temperature controlled medical supplies?
- How do you think technology can help address the issue of temperature control for medical supplies in these areas?
- Can you tell me about any successful initiatives or programs that have been implemented to improve access to temperature controlled medical supplies in developing countries or rural America?
- What role do you see governments, non-profits, and private industry playing in addressing this issue, and what steps can they take to ensure that temperature controlled medical supplies are accessible to those who need them most?
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10 min - 2nd Carrier Update - 03/03/2023
Will reefer rejection rates fall below dry van rejection rates?
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6 min - Truck Tech: Incubator and accelerator edition
Alan Adler - Midwest Bureau Chief - FreightWaves - Nunica, MI
Volvo wants to incubate inventions by startups. Phillips Industries wants to help accelerate young businesses. Can these approaches work in trucking the same as they do across the technology landscape?
VOLVO created CampX, a physical location where more than 50 startups have explored and accelerated new ideas under the watchful eye of the global truckmaker.
Phillips Industries, a manufacturer of advanced electrical and air brake system components for the commercial truck and trailer industry, announced Phillips Innovations.
Phillips Innovations will focus first on sustainable energy technologies. Companies partnering with Phillips Innovations are:
Merlin Solar, which makes kits to power cab comforts in Class 8 trucks;ProEV, which makes high-voltage harnesses and electric vehicle technology for battery-electric and fuel cell-powered Class 8 trucks and trailers, andSpartan Radar, whose trailer blindspot detection devices layer with trailer camera radar technologies to help reduce accidents.
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11 min - 1st Carrier Update - 03/03/2023
Freight volumes (OTVI) climb to 10,500 index points, OTRI increases to 3.55%
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5 min - Travel Centers Earnings Report
What did the earnings report say about how much money TA made on fuel in the fourth quarter?
How was that different from past quarters? Why?
Was that a reason for the BP acquisition?
How will things be different at TA after the BP acquisition?
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10 min
About FreightWaves Today
From the publisher's feed
FreightWaves NOW is your daily source for the most impactful news in logistics. We break down the complex world of freight—covering trucking, rail, air, and ocean markets—to bring you actionable…
insights. Whether you are a carrier, shipper, or broker, we provide the data-driven context you need to navigate a volatile market.
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