CINCINNATI, Ohio. – MAY, 24th 2022—Taylor Logistics, a third-party logistics solutions provider, announced that it has partnered with project44 the world’s leading Advanced Visibility Platform™ for shippers and logistics service providers.
Leveraging the power of the project44 cloud-based platform allows Taylor to increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional customer experience. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices, project44 supports all transportation modes and shipping types.
“We are excited about our partnership with project44. This allows our customers complete visibility throughout the supply chain that we were missing on the front end,” said Vince Bonhaus, Vice President of Logistics, Taylor Logistics Inc. “project44 was the obvious choice for our growing business.”
project44 is a Leader among Real-Time Transportation Visibility Providers, according to the Gartner Magic Quadrant. To learn more, visit www.project44.com.
Our drivers are the backbone of our success; we couldn’t do what we do without them. Taylor has been in business since 1850, building upon a rich history is a foundation that is still family-owned and operated. Grow with us. As customer needs continue to grow, so do the career opportunities within our network. When you join #TeamTaylor, you can choose what personal career growth looks like for you.
Safety is our number one priority and is one of our five values, top-of-the-line technology, and an entire safety team dedicated to compliance and our drivers.
The greater Cincinnati area is a vital part of Taylor as Cincinnati is the largest inland port in the country. We have some great opportunities out of the tri-state area, including local home daily fleets, dedicated regional fleets, and regional drayage. Because of the role drivers play in the success of our company, we’ve expanded our private fleet. With our ever-increasing customer needs and freight demands, we continue to recruit the best and safest talent in the transportation industry. Top talent deserves top pay for more than just your miles. Join the Taylor family!
Join Taylor’s owner operator program and get the best of both worlds. The freedom to choose your loads, your home time, and reliable freight and pay come with Taylor’s stable foundation of well-known customers. Plus, you’ll have the support of TeamTaylor and a fuel program that’s second to none. So whether you already own your truck or you’re looking to make the move to owner operator, choose Taylor, where we’re here to help you succeed.
Well, Q1 2022 had no shortage of curveballs, from record-high gas and oil prices to the war in Ukraine and supply chain blockades lasting days on end, on top of record-high inflation. With the unpredictability of Q1, our team is taking a look at the trends and events as we dive into the start of Q2.
Key items to note:
Omnicron 2.0: Surprise, a new Covid variant, is making its course throughout the globe. This new BA.2 subvariant of Omicron could account for a surge in cases impacting consumer behavior. According to data published by the Centers for Disease Control and Prevention last week (04/04) BA.2 spreads 80% faster than the earlier Omicron, has more than doubled in the U.S. over two weeks and will become the dominant variant.
Inflation, Inflation, Inflation: Consumer demand remained strong throughout the quarter. But March has been unusually soft in the truckload freight market. Consumers just aren’t spending like they were in 2021. New research reveals that supply chain issues are exacerbating inflation. A recent study found that during 2022 trade is expected to expand further, due to a 16% increase in exports during 2021 and imports by 12%. Production levels have been unable to keep pace with demand leading to supply shortages and will limit import growth in 2022.
Ocean Freight: Container shipping costs are higher than ever and will stay high for the foreseeable future as importers continue to battle for space in the face of record demand for consumer goods from Asia. Covid resurgence in China disrupted productivity and the supply chain in March. Next potential disruption on-deck: West Coast Longshore Union contract expiration and negotiation.
Drivers: making headlines and making late-night television. Last Week Tonight with John Oliver had an entire 24-minute segment on, you guessed it, drivers (aired just last week). Now a 24-minute spot in any programming late night or news is pretty significant, and the transportation and trucking crisis in America is of the utmost importance. 70% of the US cargo is transported by truck; nearly everything you purchase comes to you by truck. That box of Mac & Cheese that’s been sitting in the pantry for a hot second – truck. Headphones – truck. Your dogs squeaky toy that has seen better days – truck. You get the point. 3.5 million truckers supply our goods in this country. But the entire industry is facing a crisis; there’s a lack of drivers, a pretty massive lack of drivers, and it’s only increasing year over year. Not just long-haul drivers but final-mile delivery drivers. Leading to an overall shortage on shelves, congestion, the domino effect.
Domestic Shipping: Consumer goods demand remains high, filling truck capacities on tight routes due to driver and equipment scarcities. Diesel fuel spiked when Russia invaded Ukraine. As a result, unprecedented ground freight cost is the norm across North America.
Peak produce season is approaching; our team is breaking down the 2022 season, rate increases, transport practices, and capacity challenges. Even if you do not ship or grow produce, this season can directly impact your transportation performance and spending.
What is produce season?
Produce season in the United States generally begins in February and continues through July. It’s the period in which the most significant volume of fruits and vegetables are harvested and shipped to food manufacturers, grocery stores, and other vendors across the country. In February, growing and harvesting kick off in Mexico, and we start to see an influx of produce imports into the U.S. Then, in late March, the produce wave moves to the southeastern states, southern Texas and the Rio Grande Valley, and southern California and continues to move north as temperatures rise.
The impact of produce season
Simply put, produce season it’s the rise in crop volumes and the elevated demand for trucks to transport these crops that impact capacity during this season. These factors lead to an upsurge in rates not only for shippers who utilize refrigerated trucks in harvesting areas but also for most shippers across other modes and regions.
How can you prepare for produce season?
It’s important for shippers to closely watch how all these current issues may magnify the typical challenges of the season. Here’s what you can do to avoid the potential problems during this season:
Partner with a team of logistics experts to help keep you informed of changes in the freight market during produce season
Ship your freight as early as possible and add flexibility into your delivery date
Factor in the longer lead time it may take to source trucks
Consider multimodal shipping solutions to explore alternate transport options
Talk With Taylor
Work with a partner that keeps you informed about the effects of the produce season and educates you on how to adjust your network in response to agricultural fluctuations.
Taylor has a vast network of qualified carriers across the country. In addition, we’ve built a rapport with trucks that produce routes regularly and can help you deftly navigate capacity jumps.
As a third-party logistics (3PL) company, we are here to help your business. We consider ourselves an extension of your team, a partner. As you grow and evolve, we grow and evolve right alongside you. From expanding your brand from retail to offering direct-to-consumer fulfillment to drayage and port services, we’ve got you covered. Discover more about #TeamTaylor by clicking the below links.
Cross docking is the transfer of inbound goods to an outbound carrier through the use of a cross docking facility – that is, a temporary storage terminal that cuts out or reduces the need for inventory storage. All incoming goods are sorted and loaded onto outbound trucks as quickly as possible – often immediately.
The cross docking market is growing yet again! Globally it’s expected to reach US$342 billion by 2030 at a CAGR of around 6%. This growth is fueled by increasing consumer expectations for delivery times, putting pressure on the supply chain through the ‘need for speed’.
Cross docking benefits
Reduced costs, particularly any costs associated with long-term inventory storage and associated facilities, labor and utilities
Improved stock turnover, as the goal of cross docking is to get goods in and out as efficiently as possible
Minimized risk, given there’s reduced handling of goods and no long-term storage that could increase the chance of spoilage
This update is a report that analyzes data from multiple sources, including but not limited to FreightWaves SONAR, DAT, American Shipper, Morgan Stanley Research, FTR Transportation Intelligence, Journal of Commerce, and National Retail Federation(NRF).
The broken record phrase of “freight volumes continue to rise” is still in play. The current Outbound Tender Volume Index is roughly 3% higher year-over-year (YOY). We get that 3% might sound and look like a minimal increase but keep in mind volumes were accelerating quickly over the last several months of 2020. So while the comps are more challenging as we get into the more difficult months of 2021, the volumes are still dominating what they were a year ago. Our team is digesting the 2021 peak season and the factors that are currently influencing the market.
Ports Delays Continue to Rise
Many anticipated a slowdown in import activity, as ports are overburdened with operations and equipment trying to keep up with the constant influx of ships waiting to unload their cargo. But that is hardly the case. While the numbers fluctuate from day to day, there were 70 container ships in the queue on Monday in late September 2021, with a total capacity of 432,909 twenty-foot equivalent units. To put the vastness of that number in perspective, that’s more than the inbound container volume the Port of Long Beach handled in the entire month of August. It’s roughly what Charleston handles inbound in four months and what Savannah handles in two. So why the boom? Well, consumers are spending. eCommerce, a rise in CPG, the upcoming holiday season are driving demand for imported goods, requiring ships for transportation.
What happens when the cargo finally reaches the port? First, available trucks will flock to these locations due to the increased pay possibilities that this freight represents. Second, shippers and retailers waiting for their long-dormant freight will pay above-market rates to get their goods rushed directly to their destinations.
Consumers Buying Trends Continue to Increase
Consumer goods have encountered extensive growth since the start of the pandemic, and there are no signs of this trend slowing down. Employment numbers, a reliable predictor of spending, are the strongest since March of last year. While consumer spending did not need employment numbers to remain elevated for the past year, a more stable job market bodes well for the economic outlook and trends to continue. In August, consumer spending bounced back from a mid-summer lull. During the past month, it jumped .8% after a decline of .1% in July. Moreover, income rose by .2% as consumer prices increased by .4%.
Partner With a Logistics Solutions Provider to Navigate Peak Season
Our team is here for you. No matter the situation, we’ve got your back.
We are here as your partner — we are an extension of your team with a clear understanding of our responsibility to replicate the strategic business goals of your organization. No matter the size of your business, we help our customers achieve the best possible freight outcomes and decrease overall costs.
The National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center is predicting another above-normal Atlantic hurricane season. Forecasters predict a 60% chance of an above-normal season, a 30% chance of a near-normal season, and a 10% chance of a below-normal season. However, experts do not anticipate the historic level of storm activity seen in 2020.
If you’ve seen higher than expected freight rates, we hear you, we see you. There’s a couple of potential factors for these increases. Since Q2 of 2020, the freight markets have shown robust growth, which has raised rates dramatically. While this is good news for carriers and manufacturers, it has caused CPG shippers to pay the price in rising freight rates. In this week’s blog, our team analyzes the various factors that are driving up freight rates and why they are happening.
Factor 1 | Port Congestion
With pandemic-related consumer shopping habits, many West Coast ports operated at maximum capacity during the summer. In 2021, the uptick in imports has compounded the situation and caused even more congestion. March retail sales increased by 9.8% sequentially and 14.3% year-over-year. A 27.7% jump led to an increase in sales of food services. With more imports on board, shippers should brace for capacity constraints. As the produce season gets underway, rates will also rise.
Factor 2 | Produce Season
The start of the produce season typically occurs in February in the southern US. By spring/summertime, it has reached the majority of the US. During this time, capacity is tightened as refrigerated carriers dedicate a lot of their space to hauling produce. Other products that can ship via dry van or on refrigerated trucks will move to van transport, thus increasing freight rates across the board.
Factor 3 | Reliance on Split Shipments
eCommerce brands have been comprehensively using split shipments for years. Firstly goods need to be picked from inventories across different locations. With not enough room on a single truck or plane for an entire shipment, it may have to be divided into individual boxes and delivered individually. Split shipments happen to occur even more often during cross-country or international shipment of goods. The more the shipments, the costlier the shipping costs; therefore, the trend ends up being a pricey affair and often harmful to the shipping ecosystem.
Counter Rising Rates with these Techniques:
One of the most effective ways to combat these high freight rates is planning shipments far in advance. Cargo cost is increasing every day. To avoid paying surged charges and avail early bird facilities, companies have to plan their shipments well in advance strategically. Working with a team of transportation experts (Like Taylor) that uses digital platforms to leverage data on the freight costs to predict rates and trends affecting the rates will help to plan and lower costs.
Work With A Team Of Experts
Work with a dedicated logistics team to ensure conditions do not endanger profitability. Teaming up with a partner like Taylor can help your organization correctly forecast costs and find more favorable pricing through consolidation or mode optimization services.
Have you ever had issues with port congestion or total transit time and cost issues for international freight? Taylor Logistics has a specific team that specializes in services with the New Jersey/New York Ports.
New-age technologies have widened the scope of transportation. Some features will allow you to access to driving and travel analytics. As a result, you will adjust your business according to the recent trends in the market. Today, we live in a world that is digitally connected. The trucking industry is also working hard to create that perfect network. Here are ways to ensure your fleet is connected.
Putting mobile technology into the hands of drivers can help managers collect real-time data around arrival/departure times, wait times, loading/unloading times, fuel stops, and more. These real-time metrics help managers work smarter, providing the critical insights they need to make informed decisions around pricing, generate increased revenues, and better manage the bottom line. Mobile also helps to enhance employee experiences by enabling people to take control of their schedules. Using employee self-service features, drivers should be able to tap their mobile device to request a vacation day, anywhere at any time, and they know with confidence that their request was received and processed by a manager.
Data, Data, Data!
Analyzing data while on the go enables managers to identify trends, drive better business outcomes, and eliminate possible waisted time. If a driver isn’t on the move, that truck isn’t earning revenue. So, look at drivers’ wait times – are they longer than expected? A manager may find that a particular yard wasn’t ready for a truck when it arrived, and this left the driver waiting longer than expected before unloading could begin.
There have been several advancements made throughout the trucking industry that have positively impacted the well-being and safety of truck drivers. It will be fascinating to see what new innovative technology emerges in the coming months to continue to shape the industry.
Flatbed trucking is an integral piece of the supply chain frequently used for carrying oversized or oddly shaped loads but has a wide variety of uses making it very versatile and valuable. Flatbeds are designed not only for providing an unconfined space for freight but are also makes loading and unloading of goods much more uncomplicated. Read about all the practical reasons to use flatbed trucking.
Use Flatbed Trucking for Variety of Materials
When transporting a high volume of material on a single trip, the flatbed can accommodate various types of cargo equipment with different dimensions. This dimensional flexibility allows for cargo of any shape or size.
Ease of Loading and Offloading
Flatbed trailers are open with no confined walls making it more accessible to load from all directions. Loading is exceptionally efficient, with a forklift from the ground rather than having to dock for loading. This trailer can carry bigger and wider loads than confined trailers.
No Loading Dock
Vans are the most popular mode of transportation of cargo; however, they have a limitation as they need access to a loading dock for loading and unloading. With flatbed trucking, you will not be restricted to a dock as it’s able to deliver cargo in virtually any open location. This flexibility is appealing to lumber shippers and contractors.
Flatbed rates are determined based on a variety of market factors. The area where the freight is transported to and from, diesel prices, the weight, and dimensions, as well as the number of available trucks, all have a role in determining the flatbed rate.
Let Us Help
Within the scope of Taylor’s service portfolio, we offer Freight Brokerage services through our expert team of dispatchers and maintain relationships with a network of screened, dependable carriers allowing us to expand our customer service reach to the entire United States. We service 100% of freight lanes, providing our customers with a one-stop-shop for all supply chain services.
If you are knowledgeable about the freight you are shipping, understand the options available, and select the right people to work with, your shipping efforts will not only go smoother, but you will also save valuable time and a lot of money. Not sure where to begin? Reach out to us at Taylor Logistics and let us show you what we can do for you today!