Convoy’s shipping platform helped with shifting inventory and rapid growth While COVID-19 brought doom for some retailers, it was a boon for others. Forced lockdowns drove consumers to buy less apparel and more home decor, gym equipment and, believe it or not, toys for kids. By September, toy industry revenue surged 19%, a figure excluding peak […]
As we continue to delve deeper into the business of sustainability, we wanted to talk about “sustainable mobility” — everything that moves within an organization. This includes last-mile delivery (the movement of goods from a transportation hub to the final delivery destination), workers commuting on a daily basis, customer travel to stores, etc. One company […]
Shippers can now reduce unnecessary pickup and delivery delays by streamlining communication between their warehouses and drivers using Convoy’s Automated Bill of Lading (BOL) generator, available in both the Convoy shipper platform and Convoy Connect TMS. BOL’s are industry-standard documents used to communicate the timing, product mix and destination of a shipment with warehouses. With […]
Convoy helps drive asset utilization in A-B’s private fleet This case study was originally published on FreightWaves. More than ever, the world’s largest and most sophisticated shippers are using logistics technology to drive efficiencies in their supply chains and meet corporate sustainability goals. Consumers, employees and board members have become more aware of climate change […]
This case study was original published on FreightWaves. CHEP’s iconic blue pallet is not just a product offered to customers—it’s also a unique source of data that helps eliminate waste across CHEP’s network of partners, which include most of the largest consumer packaged goods companies in the world. The Australian pallet, crate, and container pooling […]
Absolutely every company in business today has the ability to become more sustainable — it’s an undeniable fact. Organizations can implement basic steps like reducing paper use, incentivizing employees to use public transportation, and switching to LED lighting, or they can take a much deeper dive and look into product sourcing, how their manufacturing processes […]
More and more consumers today want to feel good about themselves and the products they buy. Since there are so many product choices in every category, shoppers will often buy the one that is made most sustainably. While companies don’t need to enter the marketplace with a 100% sustainable business model, the fact that they […]
Breaking the trend of recent months, November retail data disappointed while factory output data (released yesterday) generally beat forecasts. The combined data provide a portrait of the freight economy on the eve of the most recent wave of community lockdowns and just before the official start of the holiday shopping season Here are a couple […]
In corporate boardrooms around the world, there are lively debates about sustainability and how much a company’s investment in more sustainable practices will negatively impact its bottom line. Adopting more sustainable practices is mistakenly viewed as a trade-off — something an organization might be forced to do at some point, but without any type of […]
Life doesn’t always go according to plan. And neither do your freight contracts. For decades, the annual freight RFP has been the juggernaut of transportation planning. And yet it’s no secret that the long and painful annual bid rarely works out as planned. Within six months, approximately 50% of all negotiated rates no longer apply. […]
What is “drop-and-hook” freight? “Drop-and-hook” is the trucking industry’s term for when a driver drops a full container at a facility and hooks their tractor to a pre-loaded trailer at the same facility. This grab and go efficiency makes drop-and-hook a win-win: reducing transportation costs for shippers, increasing potential earnings for carriers, and saving time […]
For those who are on a mission to protect people, planet, and profit, there is no quick-fix or single solution to check the box on sustainability. The reality is that sustainability is a marathon and not a sprint; a journey and not a destination. But there are indeed numerous ways in which every company can […]
Trucking firms continued to add jobs in November according to data released this morning by the Bureau of Labor Statistics: Trucking industry employment increased by 0.9% (12,700 jobs, seasonally adjusted) in November, an accelerating pace from the 0.5% (7,400) pace reported from September to October. Compared to a year ago, truck transportation employment is still […]
Part 1 of our case study showed how Convoy’s digital freight network provided flexible capacity for a customer when demand surged past supply chain forecasts. In part 2, we’ll explore how supply chain analytics uncovered hidden TONU (truck ordered, not used) costs, providing this customer with savings opportunities. Supply chain analytics with a digital freight […]
Business planners put a great deal of effort into demand forecasting for their supply chains. Demand forecasting seeks to predict consumer demand to inform supply chain and business operations. The more accurate the demand forecast, the more efficiently a supply chain operates. Even in typical business cycles, consumer demand is notoriously difficult to predict. 2020 […]
Sustainability impacts all businesses around the globe in some fashion, but when you look at the retail industry in particular, it shares five core environmental sustainability issues: 1) natural resources in the supply chain, 2) environmental impact of products, 3) energy and greenhouse gases, 4) chemicals and toxics, and 5) waste. While no one company […]
Retail spending took a brief breather in October, slipping slightly on its relentless upward march that began in June. The annual pace of growth in retail sales edged lower to 8.5% compared to 8.8% in September, the first year-over-year deceleration since states began to reopen after the first wave of Covid-19 induced lockdowns. But as […]
Every industry in the world needs to focus on sustainability, but the $2.5 trillion fashion industry is, without doubt, one of the biggest polluters. According to the EPA Office of Solid Waste, Americans throw away more than 68 pounds of clothing and textiles per person, per year, and clothing and other textiles represent about 4% […]
Sustainability is no longer that elephant in the room nobody wants to talk about. The reality is companies have to make an investment in sustainability in order to have a chance at maintaining market share in their industry. Every day, the world turns a more finely-tuned lens on what businesses are doing to protect people, […]
Trucking industry employment increased by 0.7% (9,600 jobs, seasonally adjusted) in October according to payroll data released today by the Bureau of Labor Statistics (BLS) — nearly matching August for the best month for job gains since the start of the pandemic and close to the monthly job gains at the last freight market peak […]