Our links today remind us just how much this industry is in motion. New apps and startups are born every week and yet we still hear of giant companies merging or collapsing. It’s perfect timing for a yearly review of management and logistics news (which is why we have included it).
I. Logistics Management is celebrating their 25th year of studying logistics and management. Their detailed and informative report has some key insights into current and future trends within the industry and is a must read. “The findings from the 25th Annual Trends and Issues in Transportation and Logistics suggest that three complex, interrelated supply chain elements—transportation, technology, and organizational structure—are major contributors to the indecision of committing to a direction. However, waiting too long at the crossroads will only result in a competitive disadvantage that will be difficult to overcome in a global economy.”
II. What does the future of Europe’s transportation industry look like? Good question. The Journal of Commerce believes they are about to have a major transformation this month. What to watch? A review from Danish conglomerate Maersk Group could seriously shake things up. The JOC says this shake-up could be brutal, especially after a “series of events that have decimated European transportation interests struggling with a mix of overcapacity and sluggish demand at sea, in the air, and on the road that is squeezing freight rates and savaging balance sheets.”
III. Project44, a startup up from Chicago, is making news after securing $10.5 million in Series A funding. Project44 is a cloud-based platform for tracking and optimizing freight operations. Jett McCandless, the CEO and co-founder, says, “We’re building out the team to make sure we have the culture and foundation that we need. Now that we have proof of concept and extremely strong demand for the product, it’s just about scaling the infrastructure and onboarding thousands of clients a year.”
IV. Truckstop.com has just released LoadPay, a secure payment platform. This app “enables third-party logistics providers (3PLs), brokers and shippers to schedule automated payments to carriers while offering the option of PayMeNow™, a quick payment solution for carriers who elect to receive funds more rapidly.” Quick payment is certainly one way to make things easier and less harried in the logistics game!
Image Credit: Project44 Blog
As of September 8, 2020, Crimson & Co (formerly The Progress Group/TPG) has rebranded as Argon & Co following the successful merger with Argon Consulting in April 2018.