The Logistical Lowdown

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Are Nuclear Verdicts Out of Control?

Posted by guest writer, Kenneth Kowal on 11/4/20 4:57 PM

Increasing carrier insurance costs in combination with large “nuclear verdict” penalties have played a huge part in the abnormal amount of recent carrier bankruptcies. And, as more juries are awarding these types of verdicts, even some insurance companies are also being forced out of the industry. The extent of this legal issue and the resulting rise in insurance rates are posing a major threat to many trucking and shipper businesses.

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Topics: Transportation, Industry News

How to Overcome the Tight Labor Market in the Trucking Industry

Posted by Tammi Ulaszewski on 10/28/20 3:37 PM

 

One of the most difficult issues shippers who operate their own fleet and most logistics companies today face is the persisting lack of available drivers. As a result of this labor shortage, companies have to shell out more cash to keep up with growing demand and ensure their products are moving on time. To effectively manage these tight job market conditions, shippers of all types and sizes need to understand why this phenomenon is occurring in addition to the impact it has on their business – regardless of how they handle their transportation requirements.

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Topics: Transportation, Driving for Keller, Industry News

Freight Rates, Demand, and Capacity in the New Normal

Posted by Aaron Keller on 10/21/20 7:30 AM

While the truckload spot market is still showing record high spikes, things seem to be winding down a little, at least for right now. This brief calm could not have come at a better time for those trying to recover from the last few months' volatile price hikes. Given that this trend could lead to huge increases in next year’s contract truckload rates, shippers should start preparing their budgets now. 

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Topics: Transportation, Industry News

Here's What's Next for the Logistics Industry

Posted by Randall Schad on 10/8/20 12:55 PM

 

With everything the logistics industry has been through in the past year, many of us are left wondering — what’s next? The current disruption from technology and other changes that are sweeping the transportation sector, however, marks only the beginning of what’s to come. And, despite its destructive impact, COVID-19 merely sped up the process by forcing companies to adapt at a much quicker rate than anyone was previously expecting.

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Topics: Logistics, Industry News

How Technology Can Improve Warehouse Efficiency

Posted by guest writer, Kenneth Kowal on 9/17/20 11:32 AM

Part 3 of a 3 part series of posts inspired by the 31st Annual State of Logistics Report

There’s a lot of data out there showing how improving efficiency can help shippers and logistics companies increase their profit margins and ultimately reach new heights of success. With the right technology, businesses can track shipments as they move through each step of the transportation process.

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Topics: Warehousing, Industry News

Key Takeaways From the 31st State of Logistics Industry Report

Posted by guest writer, Kenneth Kowal on 9/9/20 9:18 AM

Recently the Council of Supply Chain Management Professionals (CSCMP) released their 31st Annual State of Logistics Report. This thorough industry analysis featured 63 pages of detailed information that dove into the logistics of 2019 and 2020 and offered valuable insight framing the industry’s future. As the group explored the devastating effects of the COVID-19 pandemic and examined the pros and cons of various leading players’ responses, it painted an image of tried-and-true resiliency.

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Topics: Logistics, Industry News

Analysis: 3PLs Seeing Beverage Growth Due to Health Crisis

Posted by guest writer, Kenneth Kowal on 6/9/20 8:21 AM

According to a recent article published by Food Logistics, consumer demand for functional beverages, which provide additional energy or nutritional value for individuals, is skyrocketing due to current health trends and as a market response to COVID-19.
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Topics: Logistics, Industry News

How the Defense Production Act Could Impact Shippers

Posted by Aaron Keller on 5/14/20 8:45 AM

Our country is living in strange times, and it’s impacting how most industries operate. For some companies, the demand for their products and services have disappeared very quickly, such as travel-related businesses like airlines. In others, companies and employees are working harder than ever, such as in the healthcare space. And for certain manufacturers, it’s temporarily changing what they do, which will eventually impact shippers. 

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Topics: Industry News

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Keller Logistics Group's industry experts share their thoughts on trends in the logistics industry. Subscribe to The Logistical Lowdown and have our latest blog post sent directly to your inbox, you'll never miss a post! 

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