June 25, 2019
Logistics Weekly
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Industry News and Advocacy

At their meeting on June 11, the CCSB elected to eliminate Item 171. Known as the bump or class bumping rule, Item 171 allowed a shipper to artificially increase the density of a shipment to lower the class. The net result of the elimination of the rule is higher costs for shippers.

High demand forces prices up. High prices encourage more production; prices fall. We learned that in spades after the first energy crisis back in the late '70s. The market assumed that the Iraq-Iran war would seriously restrict supply and traders would bid up prices. After six months, the market realized that both Iraq and Iran were still shipping most of their oil, and prices fell. That same dynamic happened five years ago, when continued increases in global demand tightened supplies, and the price went to more than $100/barrel. Those are the economics that fueled the American fracking boom.

Certificates of Insurance, what they are and, more importantly, what they are not. Certificates of insurance come into play when a customer of a transportation provider requires the provider to have certain types of insurance coverage with specified levels of coverage. The provider then uses a certificate of insurance to provide evidence that the required coverages are in place. The customer is then shown as the “certificate holder” on the certificate of insurance. Perhaps the most important thing to understand about insurance certificates is the disclaimer.

Canada’s Transport Ministry – the country’s equivalent of the U.S. Department of Transportation – this month announced that it has finalized a mandate to require the use of electronic logging devices, and carriers must replace paper logs with ELDs by June 12, 2021, to remain compliant.

When carriers search for loads on a load board, they'll often get dozens of results, especially on popular lanes. So how can a broker create a load post that will stand out from the pack? Posting an attractive rate will help, but beyond that, carriers want to work with brokers they can trust. And an important gauge of that trust is the broker's credit score and days to pay, which are often shown within the load posting. That's why it's critical that brokers maintain good scores. But how do they do that?

Transportation Intermediaries Association (TIA), the voice of the 3PL industry, is pleased to announce that registration is now open for the 3PL Technovations Conference taking place on Nov. 12-13, 2019, in Amelia Island, FL.

Seminar Announcement! Registration is now open for this year’s TIA Regional seminar in Minnesota on Aug. 1-2, 2019. The theme of the seminar is identifying and minimizing legal and financial risks in the supply chain.    

Descartes
Spot Freight, Inc.
TriumphPay Repeats Demo Day 'Best in Show'
Triumph Business Capital
TriumphPay’s Jordan Graft and Melissa Forman showcased where the future of payments is headed at Transparency19 in Atlanta this May. Carriers and brokers can look forward to many new features from TriumphPay coming soon.
Watch the demo here.
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Registry Monitoring Insurance Svcs., Inc.

Exhibit booth reservation requests for the 2020 TIA Capital Ideas and Exhibition can be made here. If you have questions, contact meetings@tianet.org.

 

Friday, June 28 is the deadline for Early Bird registration at Intermodal EXPO 2019, scheduled for September 15-18, in Long Beach, CA. EXPO is the only freight supply chain event that brings all the intermodal stakeholders together, and this year features two sessions of particular interest to 3PLs: Why Intermodal? Where and When to Use It and Transloading: What, Why, Where and When?

Fast Growing Logistics Company Seeking Director
Spot Freight, Inc.
Spot Freight Inc. is looking for an experienced sales leader at its Indianapolis headquarters. This individual would be responsible for setting the overall vision, implementing a carrier procurement strategy, and growing the department from 30 to 100 people. This role requires a strong leadership presence. 8-10 years of professional sales experience in the logistics industry is preferred.
Apply Now
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Education

Get involved with TIA's Mentorship Program. We’re looking for experienced 3PLs who are willing to pass on their knowledge.This is an exciting opportunity that will allow you to make a positive contribution to the industry. Apply to Become a Mentor!

 
   

Sign up now for the CTB course that begins July 1. The online exam will be administered on Sat., Sept. 28, 2019. The Certified Transportation Broker (CTB) Program is the most-widely recognized designation among 3PLs and sets you apart from your peers. Learn more and register here.

"The CTB course was challenging but rewarding. The material provided insight into many industry topics that I had encountered, but never fully understood.”          – Kenton Sprayberry, BR Williams Trucking, Inc.

If you have any questions, please contact Sean Tucker, Education Manager, at tucker@tianet.org.

 

Infinity Software Solutions, Inc.
TriumphPay
  

Special $225 Savings for TIA Members. The New Employee Package evaluates and makes your employees better. It Includes: New Employee Orientation, and The New Hire Assessment OR The Performance Predictor Assessment. Are you ready to stand out? Start your employees off on the right track and demonstrate your company’s commitment to success. 


 

Meetings

ACT NOW for Early Bird Registration for 3PL Technovations Conferece! If you're looking to stay on the forefront of leading data technologies and make smarter, more informed decisions for your business, you won't want to miss this event and neither will your employees! Gain insights on blockchain, freight matching, economic shifts and more. We know you have options. Choose a technology meeting geared toward 3PLs and take control of the technology changes affecting your business. 

Register Today...

 Thank you to our 2019 Technovators 

   

Do More Business. Take Less Risks.
Euler Hermes
There's a lot of uncertainty in the Transportation Industry. That's why Ardwin Freight, OTR Transportation, and 55,000 other businesses leverage Euler Hermes’ proprietary credit risk data. Learn how our data and risk experts can help you feel secure in extending more credit to current customers, or pursuing new customers that may have otherwise seemed too risky.
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TIA Services - Discounted Business Solutions

The Member Resource Library is a collection of guidelines and frameworks, contracts, legal cases, and other resources to provide TIA Members with a knowledge bank for 3PL success.

You must be logged into the TIA website to access this library. Contact a member of TIA staff at 703-299-5700 if you need assistance.