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High Backlogs, Tough Comps Lead to 5th Consecutive Decline of Net Orders for Classes 5-8

For the month of August, 37,200 orders for vehicles in classes 5-8 were booked, down 8 percent from July and down 14 percent compared to August 2014. However, these numbers are preliminary. Actual numbers will be published in mid-September.

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What Must We Do to Overcome the Truck Driver Shortage?

Transportation capacity problems have been a volatile issue over the past 20 years or so. A thorough analysis provided by the Council of Supply Chain Management Professionals, in its "State of Logistics" report, indicates that by 2017, shippers in the U.S. will face shortages in trucking resources again, predominantly a trucker shortage, in the near future due to an array of developments that may cause shippers to find loads left on the ground, shipping costs rapidly escalating, and shrinking profit margins that stun stakeholders.

'Lean' Accounting Concerned With Value Stream From Customers to Suppliers

In the "Benefits of Lean Accounting in a Lean Manufacturing Company," author Dan Anthony discusses the major differences between traditional and lean accounting, starting with a quote from Taiichi Ohno that says "costs do not exist to be calculated; costs exist to be reduced." This really gets to the core of the difference between traditional and lean accounting: traditional accounting focuses primarily on the cost of goods sold, whereas lean accounting focuses on the value stream from customers to suppliers.

The 20 Percent of Spend That Procurement Should Be Focusing on This Budgeting Season

We've passed the mid-year mark, which means that the budgeting process is upon us. For CPOs and procurement managers, this isn't exactly a high point of the year - few enjoy taking an annual break from the work at hand to focus on the budget. And of course there is added pressure to finalize strategic plans that align with an effective budget.

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Online Retailers Take Innovative Approach to Supply Chain Management

Innovative online retail companies are learning how to compete with well-established companies by creatively managing their supply chain. By combining best practices and technological advancements, these companies are disrupting their competitors while maintaining lean inventories and cutting out the middleman to deliver lower prices to consumers.

Recovery in Dry Bulk Shipping Market Thought to Be Unlikely Before 2017

The dry bulk shipping market will remain in recession due to contracting demand for iron ore and coal, and any recovery is not expected until 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.

Agility Opens Pharmaceutical Competence Center in Brazil

Logistics provider Agility has opened a Pharmaceutical Competence Center in Sao Paulo, Brazil.

Pharmaceutical Companies Can Play Major Role in Digital Revolution of Healthcare

Pharmaceutical companies are running hard to keep pace with changes brought about by digital technology. Mobile communications, the cloud, advanced analytics, and the Internet of Things are among the innovations that are starting to transform the healthcare industry in the ways they have already transformed the media, retail and banking industries. Pharma executives are well aware of the disruptive potential and are experimenting with a wide range of digital initiatives.

Freight Brokering Industry Flourishes as Bond Renewal Period Approaches

Thousands of brokers are currently in active search for the best freight broker bond renewal deal on the market. The reason for the shopping spree is that renewed freight broker bonds are an indispensable requirement to stay compliant and licensed for the new season.

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Tanker Market Growing, But Earnings Expected to Decline

The product tanker market has enjoyed healthy returns in recent years on the back of structural changes taking place in trading patterns. However, impending fleet growth is expected to reduce the sector's earnings over the medium term, according to the Product Tanker Market Annual Report 2015 published by global shipping consultancy Drewry.

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Advances in Autonomous Vehicle Technology Drive Burgeoning Market

Some 85 million autonomous-capable vehicles are expected to be sold annually around the world by 2035, according to Navigant Research.

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Emirates Heads Annual List of Top Carriers of Airfreight

For the second straight year, Dubai-based Emirates reigned as the champions of scheduled international airfreight tonnage, with 2.29 million tonnes carried on the main decks of its freighters and in the belly holds of its vast passenger fleet, according to Air Cargo World's annual Top 50 Air Cargo Carriers.

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