Technology

The logistics industry continues to be a major target of cybercriminals with damages estimated at more than $6 trillion annually by 2021. At an average cost of $150 per stolen record, and the possibility of lawsuits in the wake of a breach, a cybersecurity strategy is crucial to protect company and customer data.

Tracking has become less about location points and more about having the visibility to realize and reduce costs along to the entire supply chain.

As labor rates continue to rise, accounting for nearly 65% of total fulfillments costs, many operations are seeking streamlined processes and automated equipment to improve production efficiency.

Arguably, the “Amazon Effect” has had many far-reaching implications, including significant advances in technology for the transportation industry.

In Spring 2020, freight volumes nose-dived, cratering some business while others were merely whiplashed when e-commerce sales skyrocketed to unprecedented levels. In response, shippers, carriers, and brokers alike began retooling operations and employing a larger range of robust digital tools to mitigate the next market shock.

COVID-19 has brought new challenges—and opportunities—to the transportation and logistics landscape, ushering in new technology and processes for automation, transparency and efficiency.

As companies large and small fall prey to costly cyberattacks that can add up to millions in ransom, the trucking and transportation industry—any business that connects to the internet—is more vulnerable than ever to attack.

Switching from manual labor to automated and digitalized operations is imperative to keep the supply chain thriving, but three very common mistakes freight brokers make can incur major costs.

IN A FREIGHT MARKET WHERE PRICING, DEMAND AND CAPACITY CAN ALL CHANGE OVERNIGHT, IT PAYS FOR TRANSPORTATION AND LOGISTICS ORGANIZATIONS TO BE NIMBLE. For freight brokers and 3PLs, the option to automate certain parts of your operations allows gains, not just in efficiency, but the ability to focus on other core parts of the business. Cincinnati-based Kingsgate Logistics has been ...

Tribal knowledge, market expertise and flexibility are core strengths for freight brokers, and absolutely necessary for building great carrier relationships, but in the light of a disrupted market and new technology, is it enough?