“Survival of the fittest” is the mantra of today’s freight market, as driver shortages, capacity imbalances, federal government regulations and robust economic conditions continue to impact transportation costs. These challenges are further being complicated by consumers demanding greater product variety and availability at the lowest price, which puts pressure on an organization’s already strained supply…
Tag: carrier
By: Mollie Bailey, Director, International, Transplace International transportation is dealing with ongoing challenges of tighter capacity. From import space and export space tightening up and a hot drayage market causing capacity constraints to volatile air freight rates – international transportation has had its share of challenges the last 10-12 months. Carrier Consolidation, Heavy Holiday Season…
By: Frank McGuigan, Chief Executive Officer, Transplace The transportation and logistics market has seen a heightened level of M&A activity in recent years – and it doesn’t show any signs of slowing down. According to a recent report, transportation and logistics M&A activity was robust in 2017; and in Q3 of this year, the sector…
By: Daniel Sbanotto, Associate Counsel, Transplace The mission of the Federal Motor Carrier Safety Administration (FMCSA) is to “reduce crashes, injuries and fatalities involving large trucks and buses.” To facilitate this mission, the FMCSA uses the Safety Measurement System (SMS), to rank commercial motor vehicle carriers by the degree to which they operate safely¹. This…
By: Tom Sanderson CEO, Transplace and Frank McGuigan, President & Chief Operating Officer, Transplace Yesterday, Transplace announced that we have selected TPG Capital as our new equity partner. We are thrilled to join with TPG, and this partnership presents significant opportunity for the company and all of our customers. TPG is our third private equity partner in…
What used to be four primary ocean carrier alliances has now transformed into three different ocean carrier alliances, which kicked off services on April 1. The new alliances represent 77% of global container capacity and 96% of all East-West trades’ container capacity. While the changing atmosphere of new ocean carrier alliances for containerized cargo isn’t…
With the ongoing market challenges, many companies are evaluating their current logistics strategies and looking to make structural improvements in the current market and beyond. In order to see the best return, some shippers immediately look to making significant changes such as implementing new technology solutions or redesigning their distribution network. But is your organization…
By: Frank McGuigan, President & Chief Operating Officer, Transplace There’s never a dull moment in the supply chain. That statement seems especially true thus far in 2017. We’re just over a month into the new year and there is already a myriad of questions about the market, the business landscape and how companies will be…