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[Stay on top of transportation news: Get TTNews in your inbox.] Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs. Starting Aug. 1, suppliers that rely on Walmart’s “Collect” program to move their products to the company’s warehouses will have to pay a...
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When it comes to choosing a new third-party logistics (3PL) partner, one of the most common concerns we hear about is change management. Logistics professionals are often worried that it would be too time-consuming to make a change so large, especially if it includes implementing a new transportation management system (TMS). They wonder if the...
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The University of Arkansas has retained its position as the top-ranked supply chain undergraduate program in North America, according to a report released this week. Analyst group Gartner reported the results of its Top 25 North American Supply Chain Undergraduate Programs report during its Gartner Supply Chain Symposium/Xpo, held Monday through Wednesday in Orlando. The...
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Mike Doucleff Schneider Electric has launched a new electric vehicle (EV) charging solution for efficient, resilient and sustainable electric mobility and net-zero buildings. With this launch, Schneider Electric continues its pursuit to make buildings smarter and sustainable overall by adding EV charging infrastructure in the facilities. “As EVs take hold of the car market, buildings...
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A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. What’s changed in a year? You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. When ocean container rates spike, so do...
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A notice from the Federal Motor Carrier Safety Administration of the agency’s intent to proceed with rulemaking to require speed limiters on most heavy-duty trucks was published in the Federal Register today, Wednesday, May 4. The advance notice of supplemental proposed rulemaking is open for public comment for 30 days. Comments can be made here through June 3....
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[Stay on top of transportation news: Get TTNews in your inbox.] Digital freight broker Convoy announced it raised $260 million in new funding and added a $150 million line of credit as it intends to accelerate the development of its efficiency-focused technologies. With the most recent equity investment, Seattle-based Convoy reported it is valued at...
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My recent conversations with the supply chain practitioners are dominated by supply chain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Even companies that serve markets and rely on supply chains that are not directly affected by the conflict are starting to feel the effects of the war. Some...
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Cargo theft is a rising issue for shippers across the county, especially in the food and beverage industry. In fact, it was one of the highest-targeted commodities in North America, accounting for 33% of cargo thefts in 2020,[1] with the average loss valued at $87,556. [2] Cargo theft can have a negative impact on your...
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Thermal packaging solution provider Cold Chain Technologies LLC (CCT) is tapping into its private equity backing to acquire Packaging Technology Group LLC (PTG), a vendor of sustainable, curbside-recyclable thermal packaging for the life sciences industry, the firms said today. Terms of the transaction were not disclosed. CCT has been owned by Aurora Capital Partners since 2019, during which...
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