Penske Logistics

At CSCMP EDGE, supply chain leaders from Penske Logistics, NTT Data, and Snowflake shared what it really takes to move artificial intelligence from pilot to performance

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Shippers and 3PLs have always worked together, as both have profit motives. While this seems to work and drives the economics, there’s a better way that provides a more seamless, connected and integrated model to improve the value for both—while keeping a laser focus on the customer.

The influential 35th annual State of Logistics Report released today shows how logisticians are adapting to what the report calls “permanent volatility” in their supply chains while they ride out the wave of uncertainty.

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The company said that it is adding staff associates and opening up new locations in Chicago, Illinois and Edison, New Jersey.

American supply chains are out of sync while adjusting to short-term changes in demands. But logisticians continue to seek long-term solutions to supply chain issues, an authoritative new report predicts. But the biggest headline from the 2022 State of Logistics (SoL) report unveiled today at the National Press Club in Washington shows that U.S. business logistics costs rose by a whopping 22.4% to $1.85 trillion last year. That represents 8% of 2021’s $23 trillion Gross Domestic Product (GDP).

U.S. business costs, buffeted by a COVID-decimated year of “chaos” worldwide in 2020, fell 4% to $1.56 trillion. That amounted to 7.4% of Gross Domestic Product (GDP), nearly an all-time low, according to a new authoritative report on the logistics sector.

Established in 1925, Black Horse Carriers serves the food and grocery, retail, bakery, dairy, CPG, manufacturing, and automotive sectors. Black Horse has more than 4,000 people and operates a trucking fleet of more than 2,000 vehicles, and services customers from more than 90 terminals across the United States.

As we roll through 2020, logistics managers are fending off COVID-19 worries and adapting to the new realities. However, a new report warns against single-sourced supply chains and cites the need for more flexibility in adjustments to economic upheavals.

We know e-commerce is reshaping logistics, but what are the technologies savvy managers can leverage to meet evolving requirements and shifting operational constraints? We’ve rounded up insights from leading analysts to share tools that are available now as well as what’s on the horizon.

While it’s currently a shippers market, the authors of this year’s report contend that we’ve entered a “period of transition” that will usher in a realignment of capacity, lower inventories, economic growth and “moderately higher” rates. It’s time to tighten the ties that bind.

It’s a buyer’s market for business logistics right now, but that is a fleeting condition subject to rapidly changing conditions in the $1.408 trillion U.S. freight sector, based on data in the 27th Annual State of Logistics Report released today at the National Press Club. The report is sponsored by the Council of Supply Chain Management Professionals (CSCMP).

Rollercoaster demand levels and uneven freight volumes in 2013 created havoc in one of the more complicated years on record. In 2014, shippers will need to manage with all the savvy and experience that they can muster to get the capacity they need at a rate that’s fair.

The highly anticipated 2013 "State of Logistics" report, compiled by analyst Rosalyn Wilson and presented by Penske and the Council of Supply Chain Management Professionals (CSCMP), describes last year’s logistics environment as uneven. After a slow start to 2013, mid-year shipments were strong before a very deep dive at the end of the year with not much movement in freight rates across the modes.