November 12, 2019
Logistics Weekly
In this issue...

Did You Know? TIA's Technovations Conference opens today in Amelia Island, Florida! This event allows the 3PL community to gather for high-level engagement on data-driven decision making and the most pressing technology challenges. Follow us on all social media to stay up-to-date with the latest in Amelia Island. Twitter, Facebook, Linkedin.

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Industry News and Advocacy

Transportation Intermediaries Association (TIA), the voice of third-party logistics, is welcoming a sold-out crowd for its second annual 3PL Technovations Conference today and tomorrow in Amelia Island, Florida. Thank you to all of our 2019 Technovators!

I have the pleasure to co-write this Chris on the Hill report with my colleague, Matt Mantione who is TIA’s Vice President of Membership. On Friday, November 1, Matt and I traveled to the Big Apple, New York City, to host the first-ever TIA Member Plug-in Event with our cohost Transfix. The event was a huge success where TIA Members and potential Members were able to network and make business connections with their local peers.

Load volumes have been rising since mid-October, but rates have not responded until now. For November so far, both van and reefer rates are 2¢ higher than their October averages.

TIA is looking to enhance our offerings for members who handle air and ocean freight. If your company does air and/or ocean freight, please take this survey to tell us more about your air and ocean freight business, so we may better serve you. By taking this survey, you will help TIA expand our member committees in these areas and develop more resources on these topics, so that we can add more value to the industry.

The survey will ask you how much of your revenue comes from airfreight and ocean freight forwarding; what other associations and publications you currently use to get information on air and ocean freight issues; what issues related to air and ocean freight you would like TIA to focus more on; and who your main points of contact for those kinds of freight are. Your answers will be kept confidential.

Click here to take the survey.

TIA has partnered with the Addiction Policy Forum, a national nonprofit, to address substance use disorders in the workplace. The partnership will allow you and your employees a confidential, app-based counseling service free of charge. We are passionate about beginning work on this initiative to help our members help employees in need.

TIA is seeking young professionals to join our Young Executives Committee. Historically, the Young Executives Committee exclusively held an annual lunch event at the April Conference, and no formal activities ensued until the next year. But with the increasing number of young professionals joining the 3PL industry, the moment is ripe to formalize the committee and provide our members with a platform for networking and information sharing with the next generation of leaders within TIA. 

Descartes
HubTran
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.

#TIA2020Con Registration is Open Today!
A Conference Built Just for 3PLs

Join your friends and colleagues for an in-depth look at today’s issues confronting the 3PL industry at the TIA 2020 Capital Ideas Conference & Exhibition, April 1-4, 2020 in Austin, Texas.

TIA’s flagship event is the premier conference geared to third-party logistics providers. It is a once-a-year opportunity for you to engage with representatives throughout North America and abroad in one location. You have earned a seat at the table and you will not want to miss this unique opportunity to experience the industry's premier 3PL event. Select from over 100+ unbeatable 3PL educational sessions!

It’s what you know, who you know, and how you put it all together that gets you ahead. And that’s exactly what the TIA 2020 Capital Ideas Conference & Exhibition is all about.

Click HERE to Register

 

Exhibit at #TIA2020Con
April 1-4, Austin Tx

Don’t delay and lose that spot you want in the 2020 Exhibit Hall. The deadline for the second round of booth assignments has now passed, and booth assignments will now be made on a first-come, first-served basis. Click here to reserve a booth today! If you have questions, contact meetings@tianet.org.

 

 
Brokers Seeing Higher Margins Due To Technology Investment
InMotion Global, Inc.
It now appears the evidence is overwhelming. Brokers and 3PL’s leveraging new technology are raising their margins and lowering costs faster than those that don’t. In fact, 96% of brokers now say that technology like AscendTMS, TriumphPay, Smart Capacity, and Cargo Chief’s new human-like robot called Booking Assistant are helping to quickly eliminate labor costs and raise profit margins. Moreover, the right technology, when used properly, is clearly crowning the winners in the brokerage space.
Read More.
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Education

Sign up now for the CTB course that began September 30. The online exam will be administered on Saturday, Dec. 14, 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.

Employees across the third-party logistics industry are planning for their retirement and thinking about the future they will leave for their children and grandchildren. This month, Congress is getting ready to pass legislation that would drastically change the game for people planning to leave their IRA to their inheritors.

A stretch IRA extends the tax-deferred status of an inherited IRA when it is passed to a non-spouse beneficiary, like a child or grandchild, allowing for continued tax-deferred growth over the inheritor’s lifetime. This provides them with a steady stream of income while also spreading out the tax they must pay on the IRA distributions.

The SECURE Act, which the House of Representatives passed in May and the Senate could vote on this month, would limit the stretch period for IRAs to 10 years for the vast majority of non-spousal beneficiaries, requiring the account to be fully distributed – and the inheritor to pay the full tax on those distributions – within that timeframe. This would deprive inheritors of potentially decades’ worth of investment income and would also greatly increase their tax burden.

Join us on November 18 for a webinar on the SECURE Act and how its provisions related to stretch IRAs could affect your ability to plan for your inheritors’ financial futures. The webinar will feature Paula Calimafde, an attorney with more than 35 years of experience advising families and businesses on estate planning and retirement planning.

Speaker:
Paula Calimafde, Principal, Paley Rothman Attorneys at Law
3-4PM EST Monday, November 18

Click Here to Register...

Join us as presenter Mark Christos goes through a tutorial of TIA’s Benchmarking Software, discusses how to use the provided data by comparing test data to what is visible, and how to use the filters and reports that are available to compare your company to other like-sized companies.

Presented by Mark Christos
2-3PM EST Tuesday, November 19

Click Here to Register...

Presenting your ideas clearly and concisely can be a challenge for anyone. This webinar, presented by Squirrelworks, will focus on the steps to build a framework for creating presentations using the power of story. The Storyboard Method is perfect for any meeting, pitch, or proposal. Captivate and connect to your audience with this method, and learn how to present your ideas clearly.

Presented by Dallas Racklin and David Abell
2-3PM EST Wednesday, November 20

Click Here to Register...

Infinity Software Solutions, Inc.
Spot Freight, Inc.
  

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

 

3PL and the Technologies of the Future

While true, no one knows what the future holds. Whether it be APIs, mobile based applications, big data, Artificial Intelligence, etc.; 3PLs will be leading the way with cutting-edge technology. Join the closing panel as we discuss the tools you can expect to emerge that will enhance your relationship with your customers, shippers or carriers.

Join the waiting list...

 Thank you to our 2019 Technovators 

Showcase 2 Technovator

3GTMS
FrontApp, Inc.
HubTran
Pierbridge, Inc.
Trucker Tools

Showcase 3 Technovator

Banyan Technology
Lean Staffing, Inc
Registry Monitoring Insurance Services, Inc.
Revenova, LLC

 

   
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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.