President’s Message Anne Reinke, PRESIDENT & CEO, TRANSPORTATION INTERMEDIARIES ASSOCIATION AS WE HAVE talked about frequently over the last two years, the pandemic created a freight explosion, and the volume of freight was at a level seldom seen by our members before. The pandemic also broadened the awareness of the need for 3PLs in an efficient supply chain, with the number ...

3PL Perspectives Noël Perry | TRANSPORT FUTURES NAZART/SHUTTERSTOCK.COM GREAT NEWS! 2022:3 GDP came in at 2.6% growth (annualized). Maybe not so great: Last week, the Bureau of Economic Activity (BEA) released its first estimates of third-quarter 2022 GDP growth. It will update those numbers twice before January, but the final numbers will be near the estimate we saw last week. ...

3PL Perspectives Holly LaBoda | LUMINARIES CONSULTING ISTOCK.COM/KHANCHIT KHIRISUTCHALUAL INFLATION, RECESSION, LAYOFFS—none of these words swirling around right now sound like a promising sales environment. So, if you’re in a commercial leadership position, you might be sweating a bit going into 2023. These kinds of environments can quickly separate the excellent from the average and highlight the strengths and weaknesses ...

3PL Perspectives ISTOCK.COM/MICROSTOCKHUB LIKE ANY BUSINESS struggling to stay afloat during these times of market uncertainty, cash flow is critical. This is especially true for companies operating in the shipping and transportation industry, including freight brokers. To survive continued recovery and market pressures, shipping companies must quickly turn orders into cash by processing shipping invoices as swiftly and accurately as ...

3PL Perspectives Kevin Ricciotti | AVALON RISK MANAGEMENT ISTOCK.COM/WILDPIXEL ACCOUNTS RECEIVABLE MAKE up almost 40% of a company’s assets, yet are one of its most vulnerable assets. Nonpayment of invoices can affect a company’s cash flow and capital to the point of shutting down its operations. Managing this risk should be a priority for companies especially with inflation affecting the ...

3PL Perspectives Prasad Gollapalli | TRUCKER TOOLS ISTOCK.COM/METAMORWORKS THE TRUCKING AND logistics industry has seen dramatic change over the past several years. Leading the charge has been a truckload of technology providers, some new to the game, others well established. It’s a continuing demand which has ratcheted up the pressure on 3PLs and brokers to quickly adapt and employ new ...

3PL Perspectives Daniel Burrows, CEO | TRUCKLABS ISTOCK.COM/ARAMGA87 THERE IS A lot of focus on the progress being made toward the electrification of trucking. Customers and stakeholders are holding fleets accountable to take actionable steps toward their sustainability goals, and fleet electrification will be a huge step in that direction. As advocates for sustainable trucking solutions, we are excited to ...

3PL Perspectives Noël Perry | TRANSPORTATION INTERMEDIARIES ASSOCIATION ISTOCK.COM/ALPHASPIRIT THE OUTLOOK TURNS ON TWO FACTORS: The first is on the demand side. It used to be that September and October were hot times for van markets as retailers built up inventories in preparation for the Christmas season. That surge has diminished as retailers began ordering earlier to move their stock ...

3PL Perspectives Jessie Bumgarner | CARGO CHIEF ISTOCK.COM/RADACHNYSKYI WE LEARNED AN important lesson in 2022—the industry is changing, and we need to change with it. Now, more than ever, brokerages understand the importance of strategic planning and positioning themselves to handle whatever comes next. Make 2023 the year you start booking freight more effectively and efficiently by making these four ...

3PL Perspectives Greg Sanders | RDS LOGISTICS STOCK.COM/ZHUWEIYI49 I APOLOGIZE UPFRONT if you thought this article was about technology in the brokerage space. They would have asked someone much smarter to write this piece if that were the case! My focus is on people—and more specifically, how to develop mental toughness in a competitive marketplace. Technology is not enough to ...