The second day of Connections 2023 opened with Mike Horvath, the EVP, CMO, and co-founder of Revenova, a CRM-based TMS company, identifying several trends that he saw shaping shipping and logistics, as well as certain risks that might be upcoming in the industry. 

Attendees on the first day of SMC3’s 2023 Connections were treated to a keynote presentation from Daymond John, serial entrepreneur, founder of FUBU, and a certified shark from ABC’s Shark Tank.

Embargoes are common in less than truckload (LTL) shipping. While there are many reasons why a carrier might set a freight embargo, they’re often necessary for carriers to comply with legal restrictions, overcome logistical challenges and balance capacity during times of peak demand.

With dynamic freight pricing, LTL carrier pricing is flexible and responsive to the many factors that can impact the industry. Shifting to dynamic pricing gives carriers the flexibility to offer real-time pricing and the ability to make changes at a moment’s notice that reflect current market conditions.

It’s rare that a carrier hauling LTL shipments between freight terminals (linehaul) closes the trailer because it has reached maximum weight. With SMC³’s Cost Intelligence Systems, carriers will have the ability to determine true shipment level profitability that can be rolled up to any level to analyze existing or prospective freight and efficiently develop cost-based rates.

Joe Tillman, Manager of Education Programs at SMC³, created the Supply Chain Education series to educate leaders on how to develop and promote emerging LTL professionals.