Jim Berlin, the Founder & CEO of Logistics Plus, was interviewed live on Bloomberg Radio on Friday, February 28th to discuss the impact the coronavirus (COVID-19) has had on global supply chains. In particular, Jim discussed how the logistics industry is tightening up, the long-term effects, and the shortage of transportation options.
Check out the Flickr slideshow below with photographs taken at the Bloomberg Radio studio in New York City by Cecile Fradkin,
Co-Founder and President of S&C Public Relations Inc.
About Bloomberg Radio
Bloomberg Radio is the world’s only global 24-hour business radio station. Powered by more than 2,700 journalists and analysts in more than 120 countries, Bloomberg Radio’s resources are unparalleled. Because the financial markets never sleep, Bloomberg follows them around the globe.
Gretchen Blough, Licensed Customs Broker and Brokerage Manager for Logistics Plus, was featured on a recent airing of the Marketplace podcast hosted by Kai Ryssdal of National Public Radio (NPR). Gretchen makes regular appearances on Marketplace due to her unique insight into the ongoing U.S. trade wars and tariff changes. In this latest segment, Gretchen discusses the impact the coronavirus (COVID-19) has had on companies’ global supply chains.
Marketplace® is on a mission to raise the economic intelligence of the country. Its core programs — Marketplace®, Marketplace Morning Report®, Marketplace Tech® and Corner Office® — are broadcast on more than 800 public radio stations nationwide and heard by over 14 million listeners every week.
Adam Mook, Compliance Department Manager for Logistics Plus, recently completed an Introduction to Incoterms® 2020 Webinar. Approximately every 10 years, the International Chamber of Commerce (ICC) releases an updated version of Incoterms®. This year, the new Incoterms® 2020 rules went into effect on January 1, 2020.
Logistics Plus Recognizes 2019 LTL Carriers of the Year
Estes Express, FedEx Freight, Ward Transport & Logistics, and Dayton Freight all receive honors.
ERIE, PA (February 25, 2020) – Logistics Plus Inc., a leading worldwide provider of transportation, logistics and supply chain solutions, recently recognized four of its less-than-truckload (LTL) carrier-partners for superior performance in 2019. The annual awards were presented to the following carriers in each of two categories:
Estes Express and FedEx Freight were named the National LTL Carriers of the Year. It is the second consecutive year Estes has earned the honor, and the second in the past four years for FedEx Freight.
Ward Transport & Logistics and Dayton Freight were named Regional LTL Carriers of the Year. It is second time in the past three years that Ward has earned the honors, and the fourth consecutive year for Dayton Freight.
Logistics Plus manages hundreds of thousand LTL shipments annually as a top North American freight brokerage firm that delivers LTL services through its proprietary eShipPlus™ transportation management system (TMS) – an online platform made available to all of its LTL customers and select freight agents. In additional to standard LTL services, Logistics Plus offers shippers additional truckload, expedited, international, claims management, freight audit & payment, and business intelligence solutions.
The Logistics Plus annual LTL carrier awards are based on an assessment of the following performance criteria:
Share of Business and Growth
Service Performance
Price Competitiveness
Billing Accuracy
Customer Service
Account Representation
“2019 was another record year for Logistics Plus, including our LTL business segment,” said Scott Frederick, vice president of marketing and LTL carrier relations for Logistics Plus. “All of the logistics specialists within our North American Division are very grateful for the ongoing support we receive from of all our carrier-partners. However, Estes, FedEx, Ward, and Dayton all stood out last year by providing exemplary performance in all aspects of our partnership.”
About Logistics Plus Inc.
Logistics Plus Inc. provides freight transportation, warehousing, fulfillment, global logistics, business intelligence technology, and supply chain management solutions through a worldwide network of talented and caring professionals. The company was founded over 23 years ago in Erie, PA by local entrepreneur, Jim Berlin. Today, Logistics Plus is a highly-regarded fast-growing and award-winning transportation and logistics company. With a strong passion for excellence, its 450 global employees put the “plus” in logistics by doing the big things properly, and the countless little things, that together ensure complete customer satisfaction and success.
The Logistics Plus® network includes offices located in Erie, PA; Akron, OH; Baltimore, MD; Birmingham, AL; Buffalo, NY; Charleston, SC; Chicago, IL; Cleveland, OH; Dallas, TX; Des Moines, IA; Detroit, MI; Fort Worth, TX; Haslet TX; Houston, TX; Laredo, TX; Lexington, NC; Los Angeles, CA; Melbourne, FL; Nashville, TN; New York, NY; Olean, NY; Ontario, CA; San Bernardino, CA; San Diego, CA; San Francisco, CA; Tampa Bay, FL; Australia; Bahrain; Belgium; Canada; China; Colombia; Czech Republic; Egypt; France; Germany; India; Indonesia; Kazakhstan; Kenya; Libya; Mexico; Netherlands; Poland; Saudi Arabia; Singapore; Taiwan; Turkey; UAE; Ukraine; Uganda; and United Kingdom; with additional agents around the world. For more information, visit www.logisticsplus.com or follow @LogisticsPlus on Twitter.
Since inception, the Logistics Plus Dubai (LP Dubai) team has embraced turnkey, innovative technology solutions to ensure efficiency and effective management within the organization. Recently, the LP Dubai team hosted Criterion Technology to introduce and familiarize themselves with the latest innovative software developments and products in the industry. The ultimate goal for LP Dubai was to find a software that will help them achieve all of their business goals.
Criterion Technology introduced LP Dubai to their Zoho One software; a product created by the globally renowned brand Zoho. The software can connect and reconcile bank accounts in minutes to enable account holders to stay on top of their account activities. The Criterion team conducted a three hour live demonstration of the software that highlighted the groundbreaking achievements and capabilities of the Zoho One software. The Zoho CRM and Zoho Project platforms were also focal points of the live demonstration.
According to the Criterion Technology team, one of the best features of the innovative web-based office suite is the Integrated Operations function. “Zoho One software brings ease and speed to Zoho account holders. Zoho accounts, which are already integrated with multiple banks in the UAE, can connect and reconcile bank accounts in minutes,” a member of the Criterion Technology team noted.
Criterion Technology provided the LP Dubai staff with temporary user access for the trial session to allow Logistics Plus a hands-on experience with the software. The experience proved to be valuable and the LP Dubai team looks forward to using the Zoho Projects platform in the near future.
In order to effectively manage your freight spend, it’s important to understand the different pricing options you have when negotiating freight rates. Both contract rates and spot rates offer a different value proposition, and one is not always better than the other. The only way to gain full control over your freight spend lies in finding the perfect balance between the two and knowing when to utilize them. Here are some benefits and shortfalls for both freight pricing options.
Contract Rates
A contract rate is the rate a motor carrier, freight broker or logistics provider agrees to use when moving a shipper’s freight in a set lane over a specific period of time. Contract rates have a fixed term, typically one year, and they offer the security of both price and capacity. While many shippers use contract rates, they can be a gamble depending on how the market shifts. Carriers get stuck with cheap loads when the market is high but they can profit big when the market is down.
Spot Rates A spot rate is the price a freight service provider offers a shipper at any given time to move their shipment from Point A to Point B. Spot rates are based on market conditions at the time you are quoted for an immediate settlement of a service (in this case shipping). Since spot rates follow the fundamental concept of supply and demand, an increase in capacity will lower prices, while a decrease in capacity will raise prices. Like contract rates, exclusively using spot rates is a gamble depending on the market conditions at the time of your shipment.
Finding The Perfect Balance Being able to assess freight pricing by reviewing the current market and setting expectations for the coming days or weeks is hard to do. The best way shippers can find a balance between contract rates and spot rates is to keep tabs on the current market rates while taking advantage of existing contracts when appropriate. Typically, contract freight rates are the preferred method of pricing for higher volume shippers because it locks in a price and sets expectations for a high level of service.
In order to effectively manage your freight spend, it’s important to find the perfect balance between contract rates and spot rates. If you’re still confused about what pricing option works best for you, contact us today for a free freight analysis.
Jim Berlin, the Founder & CEO of Logistics Plus, was interviewed live on Bloomberg Radio on Friday, February 28th to discuss the impact the coronavirus (COVID-19) has had on global supply chains. In particular, Jim discussed how the logistics industry is tightening up, the long-term effects, and the shortage of transportation options.
Gretchen Blough
ERIE, PA (February 25, 2020) – Logistics Plus Inc., a leading worldwide provider of transportation, logistics and supply chain solutions, recently recognized four of its less-than-truckload (LTL) carrier-partners for superior performance in 2019. The annual awards were presented to the following carriers in each of two categories:
In order to effectively manage your freight spend, it’s important to understand the different pricing options you have when negotiating freight rates. Both contract rates and spot rates offer a different value proposition, and one is not always better than the other. The only way to gain full control over your 