Category: Industry insights

35% of the Time That Truck Next to You on the Highway is Empty – That’s a Really Big Deal for the Environment

Despite the Promise of Electric Vehicles, the Biggest Immediate Opportunity to Reduce Carbon Emissions in Trucking is to Focus on Empty Miles Driving down the highway surrounded by heavy duty trucks is an everyday occurrence for all of us. However, the staggering fact is that 35% of the time, those trucks are completely empty. That’s…

Three Data Points For Better Conversations About the Trucker Shortage

Hiring at trucking firms slowed in May according to payroll data released by the Bureau of Labor Statistics this morning. After a disappointing April, when private sector job gains were weighed down by supply chain constraints and a surprisingly tight labor market, truck transportation industry employment fell by 1,900 jobs (seasonally adjusted) in May. Trucking…

Convoy Launches Inaugural Freight Insights Report

Today we released the 2020 Freight Insights Report, an examination of trends in the North American freight industry throughout the historic year. Convoy’s industry-leading data science and insights teams reviewed our proprietary freight data along with the best transportation and economic data that’s publicly available to assemble this report. The 2020 Freight Insights Report marks…

What is drop-and-hook freight? 5 common questions answered.

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…

Case study: Lowering TONU costs with supply chain analytics

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…

Case study: When demand surges past supply chain forecasts

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…

Marketplace Update with Kevin Rutherford – Part 2: Supply

On Friday, July 10th, Convoy joined Kevin on his webinar series, Positive Matters, to discuss the current economy in regards to supply, demand, and truckload rates. In Part two of the webinar series, Kevin Rutherford and Aaron Terrazas, Convoy’s director of economic research, talked about how driver entries and exits are shaping the market, and…

Supply chain consulting from a digital freight network

Shippers sometimes worry that the use of technology in a digital freight network (DFN) takes the place of customer service with a human touch. In fact, shippers who work with Convoy have found the opposite to be true: by automating many of the mechanical, repetitive tasks across the shipment lifecycle, the team at Convoy can…

3 ways supply chain visibility can improve facility performance

Supply chain visibility gives shippers awareness of how their goods move through a supply chain. This includes tracking each shipment’s location and the facilities it passes through. It also encompasses the aggregation of data that can surface trends and anomalies, and painting the bigger picture of a supply chain’s performance.  The combination of micro and…

Improving Supply Chain Resilience with Shipper Insights

Every day when your loads are picked up and dropped off at facilities around the country, how do you know which of your warehouses and distribution centers are performing well and which aren’t? For example, if one of your warehouses started experiencing higher detention rates, how quickly would you find out, and how easily could…

The Rule of 90/90/30 – Is Your Routing Guide Healthy?

One of the biggest benefits of a transportation management system (TMS) like Convoy Connect is that it captures all of the activity of managing freight, such as picking carriers and receiving bids, and turns it into metrics for shippers to understand the performance of their routing guide.  When shippers learn about this, their response is…

April Industrial Production and Retail Sales: A Window Onto the “Essential”

For many U.S. households and businesses, April forced us to think hard about what’s truly “essential”. Factory output and retail sales data reported this morning by the Federal Reserve Board and Census Bureau provide a quantitative window onto those priorities.  It comes as no surprise that April was a brutal month for the U.S. economy…