You have probably heard the term numerous times, but you may have wondered what is supply chain management. To many people, the term supply chain management sounds like technical jargon that could only be meaningful to those working in certain industries, but in reality, supply chain management is something that affects almost everyone in the world. When goods are purchased, many people visualize the complete transaction as one that occurs exclusively between the purchaser and the supplier of the products. In this thinking, the purchaser of a product pays for it, and the supplier or manufacturer delivers the product to the consumer. While this is ultimately an accurate description, it is over simplified to a high degree. The reality is that there are many steps involved in delivering a product to a consumer, and there are numerous organizations involved in making this happen successfully. If you have wondered what is supply chain management and why is it important, it is crucial to understand the various components necessary when it comes to supplying consumers with the products they have purchased.
Cargo theft is a growing problem in the United States. Back in 2014, it was reported that more than 18 million dollars worth of cargo was stolen in the first quarter of the year. It is important to recognize how problematic this issue is and how it is affecting the transportation industry. Is Cargo Theft That Big of a Problem? You probably have a vague idea of how big this problem is, but the truth is it is costing the industry about 30 billion dollars each year. The issue has been steadily increasing by 13 percent. There are a lot of theories behind the increase, but most point to the downturn in economic stability. Of course, this does not excuse the crime, but it is one of the possible reasons that the transportation industry is seeing such high cargo theft incidents.
Being a freight broker means you need to be ready for changes. And the time has come to reconsider some of the practices you are used to since there are new FDA regulations for freight brokers. The following guide will help you understand how some of these regulations are going to affect you.
High security transportation services can move hazardous materials while avoiding potentially dangerous situations. A large number of hazardous materials are shipped by government agencies. They are also outsourced to carriers who maintain their own fleet. These carriers are approved by the concerned agencies. Each agency has its own standard of approval for transporting different kinds of hazardous materials. Read More
A business cannot afford many setbacks, so it is imperative that you do your best to make sure that every possible setback is covered. Some businesses are covered for certain issues that might occur, such as an electrical problem or theft. But one of the most overlooked issues--which also happens to be an increasingly growing threat--is a cyber attack. It is essential that a business secures reliable cyber liability insurance as soon as possible. Read More
The transportation industry can be rewarding for all those involved, but that does not mean things will always run smoothly. One of the experiences that many transportation companies have an issue with is dealing with DOT regulatory compliance. Sure, a transportation company understands the importance of compliance audits, but they may not have much experience dealing with them. You can increase your chances of a positive experience by preparing. The following tips will help you do just that.
Insurance is an vital component of the transportation costs of both big and small trucking companies. Fleet insurance provides trucking companies with the major opportunity to enhance the safety of their employees, lower insurance costs and still take advantage of as much coverage as the company requires. If theft or a motor vehicle accident renders a company vehicle useless, the loss of revenue can quickly add up and hinder the growth of the business. Having insurance plays a vital role in getting the vehicle back on the road as quickly as possible. There will also be an assigned professional to help you through the entire process. Reputable insurance companies are committed to delivering consistently outstanding service, especially when it matters most.
In the not too distant past, truck drivers were faced with the grueling task of preparing paper logs to record the activities of the day. These included hours driven, length of fuel stops, duration of meal breaks, breakdowns, accidents and where their routes started and ended. Fortunately, the e-log system has been simplifying this burdensome process by tracking the activities of the driver electronically. All the required information is still outlined and recorded; however, the e-log system makes the process more efficient and a lot less hassling for drivers... Read More
CHATTANOOGA, Tenn. – Reliance Partners, a leading insurance agency, is pleased to announce the promotion of Jordan Chastain to the position of Senior Director of Sales for the transportation division of the company. The company is one of the fastest-growing insurance providers to the trucking and logistics market in the nation.
Reliance Partners' President and COO, Chad Eichelberger, speaks with business incubator about what creating company culture looks like and how his company is moving beyond the buzz words.