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Fortune’s Most Admired Companies: Transportation and Logistics Companies Lead List

Transportation and logistics-related companies comprise one of the leading categories among the Most Admired Companies in the World, according to FORTUNE magazine.

FORTUNE collaborates with partner Korn Ferry Hay Group on this corporate reputation survey, which evaluates approximately 1,500 companies, including the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in the FORTUNE Global 500® database with revenues of $10 billion or more. Korn Ferry Hay Group surveys 680 companies from 29 countries to select the 15 largest for each international industry and the 10 largest for each U.S. industry. Executives, directors and analysts are then asked to rate companies in their own industry on nine criteria, from investment value to social responsibility, and this vote results in the 52 industry lists. A company’s score must rank in the top half of its industry survey to be listed.

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2019 Is Likely to Start Clean and Finish Messy

By Dan North, North America Chief Economist via TMSA Affiliate Member Euler Hermes North America 

The economy performed very well in 2018.

GDP growth, expected to be 2.9% for the year, tied 2015 for the strongest of the nine year recovery. Recent growth was particularly impressive in Q2 at 4.2% q/q annualized and 3.5% in Q3. The all-important consumer sector flexed its muscles at 3.8% and 3.6% in Q2 and Q3. Manufacturing was strong. Wages grew at the fastest in nine years. Job creation was vigorous. Inflation and interest rates remained low, and corporate profits set records. It was as good as it’s going to get.

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TMSA Members Named 2018 "Top Companies for Women to Work For"

Redefining the Road magazine, the official magazine of the Women In Trucking Association (WIT), announces there were 10 recipients of the 2018 “Top 50 Companies for Women to Work For in Transportation” that are members of TMSA.

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TMSA Members Acknowledged as 2018 "Great Supply Chain Partners"

A truly great supply chain partner is one who knows precisely which ingredients we need to make our operations successful — and those we can skip. Some partners can tell us, for instance, what technologies we need to deploy, when to implement and how to upgrade.

Others can advise who to contract for manufacturing and transportation, where to source parts and raw materials — or how to dispose of tainted or defective goods. They can help us finance supply chain operations, mitigate risk and ultimately bring together these disparate components to streamline our businesses.

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The Industrial Economy is Cooling. Shippers are Clawing Back their 2019 Truckload Contracts - Its Not Too Late to Negotiate

By Jason Ickert, a seasoned commercial leader in the 3PL space with more than 23 years’ experience in various sales and marketing roles. Jason is currently a team member at ENERGY Transportation Group where he is engaged in their initiative to integrate logistics processes with technology. Ickert also sits on the TMSA Board of Directors and is co-chair of the Membership Committee. 

What happened to peak season? The demand we were expecting, considering the booming consumer economy, was a bit disappointing. Was it because of the increase and threat of additional tariffs that caused importers to forward stock their inventory earlier? Or perhaps because of the increase in e-commerce, and less brick-and-mortar foot traffic, retailers have held off allocating large quantities forward to store DC's and are filling customer orders direct from import warehouses?

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State of Freight Market Bodes Well for Providers

By many indicators, the economy is strong – but where will it be in the months to come? And with consumer demand at high levels, how long will this last? And with capacity challenges, the ongoing driver shortage, and burdensome regulations, what is the overall outlook for providers of commercial freight services?

These are common questions currently being asked in the commercial transportation industry. A closer analysis at economic trends analysis provides some educated perspective.

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TMSA Members Recognized as Top 100 3PLs

Inbound Logistics, a TMSA Affiliate member and Media Friend, recently announced its Top 100 3PL Providers list, a qualitative assessment of service providers that Inbound Logistics editors feel are best equipped to meet and surpass readers’ unique supply chain and logistics needs. It includes well-known companies, niche providers, and newer companies offering specialized logistics services. Congratulations to these TMSA member companies who made the list in 2018:

Approved Freight Forwarders

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TMSA Members Win Quest for Quality Awards

Logistics Management, a TMSA Affiliate member and Media Friend, recently announced the winners of the 35thAnnual Quest for Quality Awards. The Quest for Quality Awards are the gold standard for customer satisfaction and performance excellence for carriers, ports and logistics providers worldwide. These companies, including several TMSA members, have reached the pinnacle of service-excellence over the past year no matter how many economic, regulatory or operational pressures they continue to face. Congratulations to these TMSA member companies who earned Quest for Quality gold. 

National LTL Carriers
J.B. Hunt Transport Services

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Inbound Logistics G75 Recognizes TMSA Members for Sustainability in 2018

Inbound Logistics, a TMSA Affiliate member and Media Friend, recently announced its annual G75 for 2018 — a carefully curated list of 75 companies that go above and beyond to ensure their global supply chains are sustainable, and their operations are socially and environmentally friendly. These companies, several that are TMSA members, have spent years developing and implementing best practices to ensure the footprint they leave on the world is a positive one. Congratulations to these TMSA member companies for their accomplishments that allowed them to make the list in 2018:

Averitt Express, since 2004 has lowered CO2 emissions by about 27 percent, reduced nitrogen oxide emissions by 50 percent, and cut particulate emissions by 52 percent.

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Transportation Spot Market Inversion

By Adrian Gonzalez of "Talking Logistics," who was named recently as another well-known industry thought leader who will be speaking at the upcoming 2018 TMSA Logistics Marketing & Sales Conference June 10-12 near Fort Myers, Florida. Sign up to follow his blog at www.TalkingLogistics.com

Shippers today find themselves in a difficult and costly situation: their routing guides are often broken and they’re having to go to the spot market to cover their loads, which is costing more than they had budgeted. The great transportation spot market inversion has occurred. What does that mean for shippers? How should they respond? And what actions should they take longer term to prepare for whatever market conditions lie ahead?

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Blockchain in Logistics and Supply Chain

A veteran of the logistics industry, Jason Ickert has more than 20 years’ experience providing creative and innovative supply chain solutions to North America’s largest shippers. At his role at FLS Transportation Services, Jason focused on building highly effective teams that deliver profitable revenue growth while providing an exceptional customer experience throughout their buyer’s journey. View the original article.

The Only Constant is Change.
Recently, the logistics and supply chain industry has been rife with disruption. Even though these events have significant supply chain cost ramifications I am not referring to the perfect storm (see note below) we are experiencing in the North American transport market. I am referring instead to innovative disruption, specifically the conceptual rise of the digital freight forwarder/broker, and segments of the traditional supply chain that can be digitized. 


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The Truth About That Great Deal

Ryan Caravalho is Marketing Coordinator with Approved Freight, a Dewitt Company and TMSA member. Approved Freight serves the unique shipping needs of the Hawaii and Guam trades and provides freight forwarding throughout the mainland U.S. For more information, visit www.approvedforwarders.com 



Why the cheapest international freight option isn’t always the best
Everyone is trying to save money. Whether it’s for your vacation fund, or for a company-wide initiative to ratchet down unnecessary spending, more money in your pockets means more gains at the end of the year. But for freight, like most things in life, you usually get what you pay for with the cheapest carrier. When you cut corners, and hire a subpar freight carrier, the long-term negative effects can wreak havoc on your bottom line. Underqualified carriers entice shippers with rock-bottom prices, and shippers don’t properly weigh the disadvantages before choosing.  You might save some cash up front. But over the long-term, the potential for mishaps and lost revenue grows. Finding value and expertise in a forwarder will help you more than shopping for the lowest price.






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The Amazon Effect, Technology Raises Customer Expectations

Last Thursday, TMSA held yet another Connections Seminar – this time in Jacksonville at Landstar’s corporate headquarters. One of the primary goals of the TMSA Connections Seminars is to drive conversations and sharing of ideas among those who attend. After all, you can learn the most from your peers. Here are some of the biggest take-aways shared among this regional group in the Jacksonville metro market.

What are the concerns and challenges you’re hearing from your customers/shippers?
“The Amazon Effect” seems to be raising expectations from shippers on such issues as supply chain visibility and performance, service levels, pressures to decrease costs, and guaranteed delivery. The group had consensus that technology is enabling much more visibility into processes and the state of operations/supply chains. But one attendee said that every time he’s asked what technology they have available, he asks this question: “If you had the technology, WHAT will you then do with the data?” He mentioned that while the expectations exists from shippers to have technology, reporting, and data visibility, they oftentimes don’t have a clear vision on how to leverage this. For providers, this could be another opportunity to add value to the relationship.

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Technology, Multi-channel, Driver Shortages: Top Discussions at TMSA Seminar

Last Friday, TMSA held yet another Connections Seminar – in Atlanta at the Technology Association of Georgia (TAG) building. While it was a smaller group than usual (20 individuals), the size of the group did not dwarf the relevance and impressiveness of discussions among marketing and sales professionals in transportation and logistics.

One of the primary goals of the TMSA Connections Seminars is to drive conversations and sharing of ideas among those who attend. After all, you can learn the most from your peers. Here are some of the biggest take-aways shared among this regional group in the Atlanta metro market: 

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Forget the Perfect Storm: This Looks Like A Full-Fledged Frankenstorm!

By Mike Regan, Chief of Relationship Development and Co-Founder of TranzAct Technologies, a company that helps shippers reduce their transportation spend while providing tools necessary to make better business decisions. Regan has spoken at several TMSA events in the past and is considered a "thought leader" in the industry.

Over the past four weeks, numerous transportation, logistics and supply chain professionals have contacted me and asked for something they can pass along to their C-Level executives to explain the Perfect Storm that has hit the trucking industry. One e-mail particularly affected me: “Mike, I need some help. Our freight numbers are awful and we’re experiencing some carrier issues that are affecting some very important customers. I’m concerned that since some of our “higher ups” don’t understand what is happening with freight, they will begin wondering whether we’re doing a good job. Help me help them understand the impact of the Perfect Storm.”

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2017 in Review: What’s Hot (and Not) in Transportation and Logistics Marketing & Sales

Seeing what others are successfully doing in sales, marketing and communications. Better understanding emerging trends in transportation and logistics, and translating that to solid market intelligence. These are just a few of the benefits to being a TMSA member – and you have access to all this and more. To help you sort through some things you may have missed in the past 12 months, TMSA has gathered some of the top articles in its blog. Take 30 minutes to read through this list and become better equipped to bring value to your organization in 2018: 

7 Reasons Budget Meetings Aren’t Strategic. Just by the nature of the subject and process, budget meetings aren’t typically strategic. TMSA shared how all contribute to making the process non-strategic and sometimes even counter-intuitive to being directly tied to the business strategy – and what you can do to change it. > More

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