February 25, 2020
Logistics Weekly
In this issue...

Did You Know that you can still add the TIA Golf Outing and Inaugural Step Challenge to your 2020 Capital Ideas Conference & Exhibition registration? Proceeds raised from the Golf Outing will benefit the TIA Foundation, while proceeds raised from the Step Challenge will be evenly distributed between Open Door Mission and the TIA Foundation. Questions? Contact meetings@tianet.org or call 703.299.5700 today!

Industry News and Advocacy

The U.S. Federal Maritime Commission (FMC) published a final rule on February 20, 2020, that gives the agency increased authority over licensed ocean transportation intermediaries (OTIs), including ocean freight forwarders and non-vessel-operating common carriers (NVOs). The FMC’s five commissioners voted unanimously on January 15, 2020, to proceed with finalizing the rule, which implements requirements for the agency under the 2018 Frank LoBiondo Coast Guard Authorization Act.

Freight rates are weak right now, as everyone in the industry is painfully aware. But while poring over the data in DAT RateView and reading reports from many industry analysts, I found encouraging news. 

HubTran
Registry Monitoring Insurance Svcs., Inc.
TriumphPay
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

Register now for the Certified Transportation Broker (CTB) course that began Jan. 6, 2020. The online exam will be administered on Saturday, March 28, 2020. The CTB program is the most widely recognized designation among 3PLs and sets you apart from your industry peers. Learn More and Register Here.

"As an HR professional working in the logistics industry, I have gained some understanding of the transportation and logistics world from my co-workers and being involved in the business. However, I never had the framework from the ground up—this course grew my knowledge immensely and gave me that foundation. It has increased my confidence to engage in conversations and it has earned me additional respect from my fellow logistics team members. I am very happy that I am now certified!" – Erica Wertanen, CTB - Automated Logistics Systems

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

Take your intermodal knowledge to the next level with TIA’s Advanced Intermodal Course! This course, developed by a team of intermodal experts, consists of four learning modules and a final exam designed to teach you about the following topics:

  • Storage, driver, chassis, and weight charges.
  • The role of technology in invoicing, tracking, and automation.
  • The rules and regulations regarding product protection and transloading.
  • Detailed information on reduced rate transport and filing claims.

Member: $400  |  Non-Member: $525

The course is available in a bundle with the Intro to Intermodal Course to members for $700: Bundle Registration.

Please contact education@tianet.org for a discount if you have already purchased the Intro to Intermodal Course.

Click Here to Register

Infinity Software Solutions, Inc.
McLeod Software
  

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

The TIA Capital Ideas Conference & Exhibition offers six (6) session tracks to provide attendees with an array of educational opportunities. In this week's conference update, TIA provides you with a preview of Session Tracks V & VI featured at the TIA 2020 Capital Ideas Conference & Exhibition: TECHNOLOGY and BUSINESS OPERATIONS.

TECHNOLOGY TRACK:
Title: Artificial Intelligence in Transportation - Current & Future | Date: Thursday, April 2 | Time: 10:45 AM – 12:45 AM

Description: While Artificial Intelligence (AI) and Machine Learning are hot topics, the practical use of these approaches to solving business problems in transportation management is a very real thing right now. In this session, we will discuss how AI and Machine Learning are no longer just hype and are actively being applied by logistics companies to drive efficiencies.

Key Speakers: Evan Armstrong (Armstrong & Associates) | Henry Sheldon (Freight Management Systems, Inc.) | Amy Jones (McLeod Software) | Tony Wu (Parade)

BUSINESS OPERATIONS TRACK
Title: The One & Done Era Is Over | Date: Thursday, April 2 | Time: 2:00 PM – 3:30 PM

Description: For today’s broker, much of the focus is on getting access to carriers’ real-time capacity. But as ELD connectivity increases, it won’t only be brokers that gain access — shippers will be able to see the same real-time data. Given the challenges of an increasingly competitive market, how will you stay relevant and valuable? How can you compete against digital freight brokers and/or shippers?

Key Speakers: Michael Kroul (KTI Trans) | Ryan Schreiber (CarrierDirect) | Matt Parry (Werner) | Noam Frankel (FreightFriend) | Scott Hadley (Simple Logistics)

Additional information on session tracks and the full conference agenda.

 
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.
Get More Info
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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.

TIA Services - Discounted Business Solutions

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Use this FREE report to assess your cyber risk profile and take action to safeguard your company.

Click here to see a sample of the Cyber Insurance Risk Report Card. Complete the Questionnaire and a Roanoke cyber specialist will contact you about your results.

Protect your business with Cyber Security Coverage provided by Roanoke Insurance Group.

For Additional Information on This Program - Or Any of TIA Services Advantage Programs - Please Contact info@tianet.org or please visit www.tianet.org.

Why A PEO? PEOs are proven to help businesses survive and thrive in today’s constantly changing market. According to the National Association of Professional Employer Organizations (NAPEO), businesses that work with a PEO: grow faster, have lower employee turnover and are 50 percent less likely to go out of business.

To explore Nextep's PEO services such as HR, Payroll, Regulatory Compliance & Risk Management and Employee Benefit Programs; Nextep has created a brief, five-question survey.

For more information regarding this and other TIA Advantage Programs, please contact info@tianet.org.

*The IRS does not endorse any particular certified professional employer organization. For more information on certified professional employer organizations, please visit www.IRS.gov.