FreightWaves Today

Join us as we dive into the latest developments in the freight industry. This week, we discuss UPS's strategic moves and the acquisition of Coyote Logistics by RXO. We explore the implications for the brokerage space, technology integration, and the human cost of these changes.

Segments:

00:00:14 - 00:01:16: UPS's strategic disinvestment and the challenges of finding a buyer.

00:01:16 - 00:01:58: Industry consolidation and the potential buyers for Coyote Logistics.

00:01:58 - 00:02:14: UPS's return to its core business and the impact on Coyote Logistics.

00:02:14 - 00:03:39: The clash of cultures between UPS and Coyote Logistics and its consequences.

00:03:39 - 00:04:32: Analysts' perspectives and the human cost of the acquisition.

00:04:32 - 00:05:32: Market trends, contract loosening, and the impact on intermodal and rail freight.

00:05:32 - 00:07:16: Driver satisfaction and the changing nature of complaints.

00:07:16 - 00:08:17: The potential for market shocks and their effects on spot and contract markets.

00:08:17 - 00:09:28: The evolving landscape of freight fraud and preventive measures.

00:09:28 - 00:10:13: Upcoming content on FreightWaves and how to stay informed.

Don't forget to check out our latest articles and subscribe to our shows at freightwaves.com/loaded-and-rolling. Stay ahead in the freight game with our in-depth analysis and insights!

#FreightIndustry #UPS #CoyoteLogistics #ArcBest #FreightConsolidation #MarketTrends #Intermodal #RailFreight #FreightFraud #Freightwaves #LogisticsNews #TransportationTech #IndustryInsights

Learn more about your ad choices. Visit megaphone.fm/adchoices

Good morning and happy Friday! Welcome to the FreightWaves NOW Community Spotlight. I'm Kaylee Nix, and today, Mary O'Connell joins us to talk about the coolest community in freight and give us highlights from this week's episode of Running on Ice.

Timestamps:

00:00 - 00:38: Introduction and summer Fridays

00:38 - 01:43: Interview with Jason Thamm, CEO of New Energy, discussing pharmaceutical expiration dates

01:43 - 02:49: Comparison between food and pharma expiration dates; establishing date codes in the pharma world

02:49 - 04:06: The role of the FDA and the importance of demand planning for vaccines

04:06 - 05:41: Technology in production and manufacturing; managing expiration dates of pharmaceutical ingredients

05:41 - 06:48: Reducing waste in the supply chain; the importance of transportation stability

06:48 - 08:07: Prioritizing stable and protected transport; storage and distribution challenges

08:07 - 09:27: Preventing overstock issues; planning for the unexpected in supply chain

09:27 - 10:08: Organizational training to reduce waste; managing pharmacy inventory efficiently

10:08 - 10:52: Team approach to reducing waste in the supply chain; where to find Running on Ice

Watch the full episode of Running on Ice today at 2:00 PM Eastern on YouTube, Apple Podcasts, or Spotify. Subscribe to our newsletter at FreightWaves.com/Running for more updates!

Don't forget to like, comment, and subscribe for more content!

Thank you for watching, and have a fantastic weekend!

Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Wednesday morning, y'all! Welcome to your FreightWaves Now Community Spotlight. I'm Kaylee Nix, and it's time to hit truck tech running. Today, we've got Alan Adler, our expert on all things tech-related, joining us from America's heartland. Alan recently took a detour to the College World Series in Omaha.

Segments:

00:00:14 - 00:00:33: Introduction and welcome.

00:00:33 - 00:01:31: Recap of the College World Series and congratulations to the Tennessee Volunteers.

00:01:31 - 00:03:22: Transition to tech talk, discussing an exciting aftermarket solution for clean fuels.

00:03:22 - 00:03:51: Importance of retrofit solutions in transitioning to cleaner energy.

00:03:51 - 00:05:25: Continued discussion on retrofit solutions and their benefits.

00:05:25 - 00:06:20: Upcoming tech content from the ACT Expo.

00:06:20 - 00:08:37: Preview of this week's newsletter and upcoming tech insights.

Don't forget to subscribe to our newsletter at freightwaves.com for the latest tech updates. Thanks for joining us this morning, and we'll catch up with Alan again next week!

#TechTalk #CleanEnergy #AftermarketSolutions #FreightTech #CollegeWorldSeries #TennesseeVolunteers #FreightWaves #TruckTech #ACTExpo #CommunitySpotlight

Learn more about your ad choices. Visit megaphone.fm/adchoices

Good morning and happy Tuesday! Welcome to your FreightWaves NOW Community Spotlight. Today, we are thrilled to be joined by Mary O'Connell, the host and writer of "Check Call."

In this episode, Mary dives into the often overlooked but crucial aspect of freight brokerage – back office operations. She discusses her recent conversation with Mitch Mitchell from Tie Software about the importance of investing in back office functions like accounting, operations support, and accounts receivable. Discover why these departments are essential for the smooth running and financial health of any brokerage, and how they can foster better relationships and efficiency between different teams.

Mary and Mitch also touch on the common tension between freight brokers and back office staff, emphasizing the need for collaboration and understanding that each team's success is interconnected. Learn how adopting advanced technology, like TMS systems, can streamline processes, enhance visibility, and ultimately contribute to the overall success of a business.

Make sure to catch the full episode at 12:30 PM Eastern today on FreightWaves' YouTube channel. Don't miss out on other great content by subscribing and hitting the notification bell. For more updates, subscribe to the "Check Call" newsletter on freightwaves.com/check-call. And if you're thinking about attending F3 in November, subscribing to the newsletter might just come with a surprise!

Timestamps:

00:00:14 - Introduction and Welcome

00:00:33 - Conversation with Mitch Mitchell from Tie Software

00:00:54 - Importance of Back Office Operations

00:02:23 - Different Priorities and Tensions between Teams

00:04:32 - Role of Technology in Back Office Efficiency

00:06:04 - Visibility and Payment Processes

00:08:29 - Conclusion and Show Details

Subscribe to FreightWaves NOW for more insightful discussions and industry updates!

#FreightWavesNOW #FreightBrokerage #BackOfficeOperations #CheckCall #TMS #Logistics #SupplyChain #Technology #FreightWaves #CommunitySpotlight #Finance #Accounting #OperationsSupport #Visibility #PaymentProcessing #F3

Subscribe to the Check Call newsletter: freightwaves.com/check-call

Learn more about your ad choices. Visit megaphone.fm/adchoices

Good morning and happy Friday! Welcome to your FreightWaves NOW community spotlight. Join host Kelly Nix as she sits down with Mary O'Connell, host and writer of the "Running on Ice" community, for an exciting update this Friday.

In this episode, Mary discusses:

The rise of life sciences in the cold chain industry.

Ken Co's recent partnership with CU Pharma and its impact on pharmaceutical sample delivery.

The challenges and solutions for maintaining product integrity in temperature-sensitive medicine deliveries.

The importance of personalized medicine and how it benefits individuals with chronic illnesses.

Stay ahead in the cold chain world with insights into the latest technologies and trends. Don't miss out—subscribe to our YouTube channel and hit the notification bell to stay updated. For more in-depth content, sign up for our newsletter at freightwaves.com/runningonice.

Watch the full episode here: [link]

#FreightWavesNOW #RunningOnIce #ColdChain #LifeSciences #Pharmaceuticals #HealthTech #SupplyChain #KenCo #CUPharma #TemperatureSensitive #PersonalizedMedicine #HealthcareInnovation #FreightWaves

Timestamps: 

00:00 - Introduction and welcome 

00:28 - Running on Ice and summer cold coffee 

01:07 - Episode preview: Ken Co and CU Pharma partnership 

01:54 - Impact on pharmaceutical sample delivery

 02:23 - Challenges of temperature-sensitive deliveries 

03:21 - Benefits of personalized medicine for chronic illnesses 

04:12 - Gene therapies and clinical trials 

04:32 - Ensuring product integrity in the cold chain 

06:21 - New technology in cold chain logistics 

07:16 - Accessibility and autonomy in healthcare 

07:45 - Where to find more episodes and the newsletter

Enjoy the episode and have a great weekend!

Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Thursday morning, everybody. Welcome to FreightWaves Now Community Spotlight! I'm Kaylee Nix, joined by the one and only, always imitated but never quite duplicated, Thomas Wasson. It's time for Loaded & Rolling!

Join us as we discuss a range of topics including the importance of seatbelt safety in the trucking industry. Despite regulations, many truck drivers still neglect to wear their seatbelts, leading to fatal outcomes. We delve into the statistics, theories behind the hesitancy, and the impact on safety scores.

We also touch on recent data from Motive, showing increased visits to big box retailers. Despite economic uncertainties, Americans continue to spend, raising questions about the current state of the freight market.

Tune in for an informative session packed with knowledge and insights. Don't forget to subscribe to our newsletter and catch our show next Tuesday at 2:00 PM on FreightWaves!

Timestamps:

Subscribe for more industry insights and updates!

FreightWaves NowNewsletter

#FreightWaves #LoadedAndRolling #TruckingSafety #BigBoxRetail #EconomicReport

Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Friday morning, everybody! Welcome to today's FreightWaves Now community spotlight. I'm Kaylee Nix. It's Friday, so we get to check in with the one and only Mary O'Connell. Today, we dive into the often overlooked but crucial topic of carrier insurance with the folks from Circle Logistics.

In This Episode:

00:00 - 00:13 Introduction: Kaylee Nix welcomes viewers and introduces Mary O'Connell.

00:13 - 00:33 Carrier Insurance: Exploring why carrier insurance is essential and how it impacts the logistics industry.

00:33 - 00:56 Episode Background: Mary shares her experience and the importance of understanding carrier insurance from her broker days.

00:56 - 01:18 Insurance Coverage: Discussing the significance of having the right amount of coverage and the risks of underinsured loads.

01:18 - 01:43 Cold Chain Concerns: The heightened importance of insurance in temperature-controlled logistics.

01:43 - 02:21 Finding the Right Carrier: Tips on selecting carriers with proper insurance coverage and avoiding potential risks.

02:21 - 02:45 Carrier Vetting: The process of vetting carriers and ensuring their insurance legitimacy.

02:45 - 03:08 Insurance Minimums: Understanding state and federal insurance minimums and their implications.

03:08 - 03:28 High-Value Loads: The challenges of insuring high-value shipments like farm equipment.

03:28 - 03:49 Importance of Insurance: Why even temporary extra coverage can be crucial.

03:49 - 04:23 Coverage Specifics: Ensuring specific commodities, especially in cold chain, are covered under the carrier's insurance policy.

04:23 - 04:54 Insurance Fraud: Navigating the risks of insurance fraud and verifying carrier insurance authenticity.

04:54 - 06:32 Verification Process: Practical tips for verifying carrier insurance to prevent fraud and ensure coverage.

06:32 - 07:59 Cross-Border Insurance: The complexities of insurance for cross-border transportation, especially with Mexico.

07:59 - 09:15 Upcoming Events: Mary previews her participation in the Future of Supply Chain event in Atlanta, Georgia.

09:15 - 09:58 Event Highlights: What to expect at the Future of Supply Chain event and how to join.

09:58 - 10:23 Closing Remarks: Kaylee and Mary wrap up and encourage viewers to join them in Atlanta.

Stay Connected:

Subscribe to Freightwaves Now for more industry insights and updates.

Follow us on social media for the latest news and behind-the-scenes content.

Visit our website at freightwaves.com for more information.

Don't Miss Out:

Join us at the Future of Supply Chain event in Atlanta, Georgia! Get your tickets now at live.freightwaves.com.

#FreightwavesNow #CarrierInsurance #Logistics #Freightwaves #SupplyChain #FutureOfSupplyChain #Insurance #ColdChain #CrossBorderLogistics

Learn more about your ad choices. Visit megaphone.fm/adchoices

Join us on this episode of "Loaded and Rolling" where Kaylee and Thomas Watson dive into the ongoing saga of truck parking and the recent updates on the Drug & Alcohol Clearinghouse.

In This Episode:

00:00 - 00:46 Introduction: Kaylee welcomes everyone and introduces co-host Thomas Watson.

00:46 - 01:31 Truck Parking Drama: Discussing the age-old issues of truck parking and how it's evolving today.

01:31 - 02:01 Truck Parking Economics: The balance between free and paid parking and the economics behind it.

02:01 - 02:46 Public vs. Private Parking: The debate over free parking vs. monetized parking options.

02:46 - 03:57 Historical Context: The history of toll roads and how it relates to modern-day parking issues.

03:57 - 05:23 Trucking Industry Challenges: The current state of trucking and parking infrastructure.

05:23 - 05:43 Economics 101: Incentives in the trucking industry and how they impact parking availability.

05:43 - 06:08 Special Guest: Highlights from this week's episode with Mike Pritchett, President and Chief Strategy Officer of Fleetworthy Solutions.

06:08 - 08:58 Clearinghouse Insights: Detailed discussion on the Federal Motor Carrier Safety Administration's Drug and Alcohol Clearinghouse and its impact on the trucking industry.

08:58 - 09:33 Upcoming Events: Preview of the Future of Supply Chain event in Atlanta, Georgia, and what to expect.

09:33 - 09:42 Closing Remarks: Wrapping up and looking forward to the next episode.

Stay Connected:

Subscribe to "Loaded and Rolling" for more insightful discussions on the trucking industry.

Follow us on social media for the latest updates and behind-the-scenes content.

Visit our website at freightwaves.com for more information.

Don't Miss Out:

Join us at the Future of Supply Chain event in Atlanta, Georgia! Get your tickets now at live.freightwaves.com.

#TruckParking #TruckingIndustry #LoadedAndRolling #Freightwaves #SupplyChain #Clearinghouse #Economics #FutureOfSupplyChain

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to your Wednesday FreightWaves Community Spotlight! Join hosts Kaylee Nix and Alan Adler as they break down the latest episode of Truck Tech, live from home. Alan shares his experience at the ACT Research Expo in Las Vegas, exploring innovations from tech startups and major players like Tesla.

00:00:00 - Welcome and introduction

00:03:09 - Highlights from the ACT Expo

00:05:44 - Insights from the CO Mobility Summit

00:06:31 - Discussion on the future of electric trucks

00:08:49 - Update on Workhorse and other companies to watch

00:10:58 - Upcoming events and special offers

Alan also discusses moderating a panel at the CO Mobility Summit, focusing on EV adoption for both consumers and commercial sectors. Plus, get an update on Workhorse and other companies on the bubble in the electric truck space.

Don't miss the latest Truck Tech show and newsletter! Subscribe at freightwaves.com to stay informed and get special offers for the upcoming Future of Supply Chain event in Atlanta, Georgia.

Subscribe to our channel and hit the bell icon to stay updated with the latest in freight and supply chain news!

#TruckTech #ACTExpo #EV #ElectricVehicles #Freightwaves #SupplyChain #Logistics #FutureOfSupplyChain

Learn more about your ad choices. Visit megaphone.fm/adchoices

Guest: Mary O'Connell, host and writer of the Check Out newsletter

Episode Highlights:

Holiday Weekend Recap: Kaylee and Mary discuss their Memorial Day weekend celebrations.

Special Guest: Meet Josh Allen (not the Buffalo Bills quarterback) from ITS Logistics.

Asset Light Brokerage: Explore the complexities of managing an asset-light brokerage and the importance of strong carrier relationships.

Cost Management: Discover hidden fees and unexpected costs in ramping up or starting an asset-light brokerage.

Asset Smart Model: Learn about the middle ground between asset-heavy and asset-light operations, and the technologies needed for success.

Brokerage Success: Discussion on which model—asset light, asset smart, or asset heavy—tends to be more successful.

Tune in for insights into the logistics industry and more!

Watch Now on FreightWaves!

Learn more about your ad choices. Visit megaphone.fm/adchoices