May 12, 2020
Logistics Weekly
In this issue...

Did You Know the Prosperio Group is collecting data for the 2019 Compensation Survey? Participants who provide their compensation data will receive three-months of complimentary access to the online report. During these unprecedented times, it is more important than ever to know what other companies are paying to avoid losing your top talent, or be left behind in your recruiting efforts when business resumes. And, it will! To participate, please see the instructions here.

Industry News and Advocacy

Truckload freight volumes plummeted in April and appeared to bottom out, with much of the economy still shut down due to the coronavirus pandemic, said DAT Solutions, which operates the industry’s largest online marketplace for spot truckload freight. The DAT Truckload Volume Index, a measure of dry van, refrigerated (reefer) and flatbed loads moved by truckload carriers, fell 19% from March and 8% from April 2019.

Beth Carroll and her team at Prosperio Group, are collecting data for the 2019 compensation survey.

Participants who provide their compensation data will receive three-months of complimentary access to the online report. During these unprecedented times, it is vital to know what other companies are paying to avoid losing your top talent, or be left behind in your recruiting efforts when business resumes. And, it will! Please Note: We have moved to an all-digital format for the Compensation Survey and will no longer produce printed versions.

What you need to do to participate:

  1. Download the excel pay file.
  2. Complete pay file and return to measureup@prosperiogroup.com
  3. Complete the company demographics survey
  4. Register your company at measure-up.net.

As always, we adhere to all DOJ rules in regard to compensation surveys. The more participation we have the more valuable the tool is for everyone. If you have any questions, please reach out to me at beth.carroll@prosperiogroup.com or 815-302-1030.

HubTran

For decades, logistics companies have used EDI (electronic data interchange) 204, 214 and 210 standards to speed up manual processes. However, forward-thinking companies are now recognizing there’s a newer technology with enhanced benefits.

Most companies in the transportation industry are considered essential businesses. As such, many firms have kept their offices and warehouses open during the COVID-19 pandemic. Others, however, (particularly those that do not physically handle freight) have had their employees working from home. Even those whose physical locations have remained open may presently be operating with reduced onsite staffing.

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

Better decisions lead to increased margin capture. Incorporating TIA’s Certified Transportation Broker (CTB) into your employee development and training plans expresses an investment in your team and a service commitment to your customers. Sign up now for the Q2 CTB course that began on March 30! The online exam will be administered on June 27, 2020. 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, TIA Education Manager, at tucker@tianet.org.

  Based on the popular 4th Edition of Freight Claims in Plain English, authored by George Carl Pezold & William J. Augello, which is often referred to as the “Bible” on freight claims. This is a “soup to nuts” virtual instructor-led training series covering a wide range of issues and topics related to freight claims and freight claim recovery, such as the basics of liability for loss and damage to freight in transit, bills of lading, burdens of proof, defenses, damages, limitations of liability, time limits, liability of carriers, freight forwarders, warehousemen, and other intermediaries.

It will define the liability of a broker for negligence, breach of contract, or when a broker holds itself out to be a carrier. It will explain how to can assist your customer in filing a claim against a carrier, the measure of damages, and the proof required for a claim against a carrier.

June 2, 4, 9, and 11

2-4 PM ET

Presented by Gerard F. Smith, Managing Partner, Pezold, Smith, Hirschmann, and Selvaggio LLC

Click Here to Register

Infinity Software Solutions, Inc.
McLeod Software

Financial management can be a challenge for any company, big or small. With the new TIA Finance 101 course, you'll be able to define key financial terms to provide information on financial matters, understand the importance of credit, receivables, payables, gross and net sales.

  • Invest a small amount of time to have a big impact on your bottom line
  • Built by industry experts with your brokerage business in mind

Click Here to Register

 

Member News

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. Be sure to check out the latest additions to the library, including the recently updated Carrier Selection Framework and Framework to Combat Fraud.

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.

Meetings

As previously reported, the 2020 TIA Capital Ideas Conference & Exhibition has officially been postponed, but we're thrilled to announce it has been rescheduled for August 19-22. For the latest details and answers to questions regarding registrations, refunds, accommodations, sponsorships, and more, please visit our Capital Ideas Conference Updates Page.

Still in Austin. Same Hotel. Same Educational Sessions. Same Exhibitors. Same Sponsors. Same Experience. Just a Different Time.

 
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 has officially rescheduled the 2020 Policy Forum to September 29-30 and transferred all registrations to the new dates. Join us at the JW Marriott Washington for another year of making your voice heard. For the latest details and answers to questions regarding registrations, accommodations, and more, please visit our Policy Forum Page.