Lily Monte

As I approach week 4 in my internship, I have taken the time to briefly describe my experience so far! I have also included useful tips for those looking for internships! Brian Fugate J.B. Hunt Transport Department of Supply Chain Management at the University of Arkansas #supplychain #thisishowwwintern #waltonsupplychain

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Want to know how to keep a customer? Don't make them leave? I know...you would never MAKE your customer leave, right? Well, if you can't offer them all of the services they need to keep their supply chain moving, someone else can. You should be able to offer LTL, Dray, Expedited, International, and Intermodal options along with Truckload. Can you do that? If you are a freight Agent - look for a broker that is able to handle these things for you OR if you are a small broker and don't have access to these services for your customer - consider an agency agreement with a broker for the modes your brokerage can't serve right now. It's all about serving all of your customer's needs.

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The world is unpredictable and changing more frequently than ever. That includes freight transportation. Ask these 7 questions to make sure you're prepared: 1. Are carriers showing any signs of financial stress? 2. How dependent are you on one major supplier of raw materials or products?  3. Are any manufacturing or supplier locations at high risk for major weather events?  4. How long is transit from your suppliers?   5. How variable is your customer demand?  6. Are the products or materials in your supply chain at a higher risk of theft?  7. Do you have visibility to inventory levels and shipments in transit?  If you're getting some answers you don't like, reach out to me for help.

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👀What do you see? —> I see #logistics. —> This was recently at Port Tampa Bay. —> A steady flow of trucks were offloaded on the pier. —> A logistician forecasted the demand for food and supplies. —> A logistician purchased those items. —> A logistician coordinated with the supplier and transportation company for the delivery. —> A logistics team coordinated the delivery for a specific timeframe. —> This was a no-fail task. The ship had to be resupplied prior to setting sail. —> Was my family as interested as me when thinking about the work that goes into resuppling the ship? —> Hah, not really. #scm #supplychainmanagement #transportation #logisticsisfun #tampa #pmp

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Hey everyone! As someone who has been on both sides of the interview process, I know how nerve-wracking it can be to go through interviews. So, I wanted to share some tips that can help you ace your next interview, especially if you're interested in a sales career at TQL.   1. Do your research: Before heading into your interview, make sure you do your research on TQL. Know our company values, our clients, and our products/services. This will not only impress the interviewer but also help you understand if TQL is the right fit for you.   2. Highlight your sales experience: Whether you're a seasoned sales pro or just starting out, make sure to highlight your sales experience during the interview. Share specific examples of how you have successfully closed deals, handled difficult clients, or met sales targets. Don't shy away from showcasing your skills and achievements.   3. Be confident, but not overconfident: Confidence is key in sales, but make sure you strike the right balance during your interview. Be confident in your abilities and knowledge, but don't come across as arrogant. Remember, the interviewer is looking for someone who can work well with a team and represent the company professionally.   4. Show your passion: Sales is difficult and demanding. Show your interviewer that you have the right mentality and the mindset that failure is not an option. At TQL there is no limit on what you can achieve. Take advantage of this opportunity and show TQL's recruiting team why you will be our next Million-Dollar Broker! Connect with me to learn more about our Sales Program and TQL! #TQL #logistics #sales #salescareer #hiring

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Where is your energy going as a freight broker? So much energy is focused on the short term. You see it on LinkedIn, and the brokerage floor. Lot of energy can be spent negotiating for a extra 50, trying to get customers to split losses, misleading carriers on location/weight/appointment to sell a load, taking risks on subpar carriers. Some of these things aren’t ethical, others I just don’t think should be a priority. I’ll be first to admit, I got stressed easily. I found it much easier to focus on avoiding issues. My main focus was getting freight, keeping it, making it as stress free as possible, figuring out how to make money last. In that order. It worked well for me. Obesss over the long term not the short term. Just my take. #sales #logistics #trucking #energy

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🚚 Are you in the trucking industry and concerned about fair competition and job protection? Gerry Reed, a small South Texas trucking company owner, sheds light on a pressing issue: the misuse of Mexico-based B-1 visa drivers in the U.S. trucking sector. This practice not only violates cabotage rules but also undercuts fair rates and jeopardizes American trucking jobs. As Reed bravely shares his experience anonymously with FreightWaves, it's evident that this issue demands attention and action. The exploitation of B-1 visa drivers has evolved, with some U.S. companies setting up divisions in Mexico to exploit cheaper labor and depress rates, resulting in unfair competition for American carriers. Let's join forces to address this issue and ensure a level playing field for all trucking companies and drivers. Together, we can uphold the integrity of the industry and protect American jobs. #TruckingIndustry #FairCompetition #AmericanJobs 🇺🇸🚛

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Selecting the right shipping provider is crucial for your import supply chain's success. Here are 5 things to consider: 1. Know your free days before demurrage charges start. 2. Assess how fast and far your product needs to move from the port. 3. Opt for transloading if traveling over 200-250 miles from the port. 4. Decide on the visibility level needed for in-transit freight. 5. Use a single provider for efficiency and prioritized freight handling.  Working with a comprehensive provider like Schneider: - Simplifies your supply chain management - Reduces touchpoints - Prioritizes your success This leads to cost savings and better customer focus.

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With the 4th of July holiday fast approaching, I wanted to take a look at where June’s dry van truckload spot market rates stand to get a sense if the market is showing any signs of turning. Two charts below using data from DAT Freight & Analytics. Thoughts: •Top chart shows dry van spot rates as well as dry van broker buy contract rates. Dry Van spot rates, while up $0.06 per mile from the April low, are down $0.03 per mile from June 2023. Given diesel prices are down just $0.08 per gallon from a year ago (https://lnkd.in/g5sUVM8V), fuel isn’t driving this difference. •June 2024’s $0.03 increase over May is quite weak relative to what we have traditionally seen in dry van TL bull markets. In 2014 the increase was $0.11 per mile; in 2017 it was $0.10 per mile; and in 2018 it was $0.17 per mile. For that matter, the increase was $0.10 in 2019 (a down year)! As such, spot prices so far are a sign of a cruel summer—my daughter is obsessed with Taylor Swift—from a pricing standpoint. •Bottom chart shows the dry van spot market cycle indicator (DVSMCI), calculated as the broker buy rate less the spot rate, with the difference divided by the average of the two measures. That ratio is currently 16.6%. While better than last year’s 19.9% reading, we are well away from the 10% threshold where we have tended to see markets flip. Implication: dry van spot market data suggest that folks who made predictions of the dry van truckload market flipping from bear to bull in late Q2 or early Q3 likely made an overly optimistic forecast. I increasingly believe the earliest the market could meaningfully flip is Q2 2025, and this will require many things to go right from carriers’ vantages for this to occur. #supplychain #supplychainmanagement #freight #trucking #truckload

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Are you a business looking to optimize your supply chain operations and reduce costs? RiverHorse Logistics, based in Memphis, is here to help! In today's fast-paced business environment, efficient logistics management is crucial for staying competitive and minimizing operational expenses. As a leading logistics company with a strong presence in Memphis and across the US, RiverHorse is uniquely positioned to address the diverse needs of businesses across various industries. Here's how RiverHorse Logistics can help facilitate and reduce costs for your business: Streamlined Transportation: With our own assets in transportation, including a fleet of trucks and trailers, we offer reliable and cost-effective transportation solutions tailored to your specific requirements. Whether you need local deliveries or nationwide distribution, we've got you covered. Warehousing and Distribution: Our state-of-the-art warehouses in Memphis provide ample storage space and advanced inventory management systems to optimize your warehousing and distribution operations. By leveraging our facilities, you can reduce inventory carrying costs and improve order fulfillment efficiency. Customized Solutions: We understand that every business is unique, which is why we offer customized logistics solutions designed to meet your specific needs. Whether you're a small startup or a large corporation, we'll work closely with you to develop tailored strategies that align with your goals and budget. Supply Chain Optimization: Our team of logistics experts utilizes the latest technology and industry best practices to optimize your supply chain from end to end. By identifying inefficiencies and implementing strategic improvements, we help you minimize costs and maximize operational efficiency. Cost Savings: By partnering with RiverHorse Logistics, you can benefit from cost savings across various aspects of your supply chain, including transportation, warehousing, and inventory management. Our efficient processes and competitive pricing ensure that you get the best value for your investment. Whether you're in manufacturing, retail, e-commerce, or any other industry, RiverHorse Logistics is your trusted partner for all your logistics needs. Let us help you unlock cost savings and streamline your operations so you can focus on growing your business. Contact us today to learn more about how RiverHorse Logistics can support your business and drive success! -Jake Williams Jwilliams@RiverHorselogistics.com

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30% to 40% of LTL invoices have a discrepancy where the shipper's expectations (their quote) does not match the invoice. That is the figure I heard at a recent LTL industry event, and from many industry veterans. Is it true, correct? I don't know, but I think so. There were carriers in the room at this recent event, and non offered a contradictory comment. I also heard that 30% of invoices have to be manually handled or touched by the shipper or 3PL due to this discrepancy phenomenon. Sure, limits for small differences can help cut workload, but it is still a big workload. The majority of these discrepancies can be put into one of two relatively equal-sized buckets. The first is location-related service fees such as Residential and Limited Access. The other is reweigh and reclass fees. Reweigh and reclass fees can largely be addressed by shippers if they simply invest in available technology to capture this information. It is available regardless of shipper size or budget. I encourage every LTL shipper to consider this. If you suffer from reweighs and reclasses, it is a no-brainer. These technologies often come with photo-capture, so you can also mitigate your loss, damage, shortage, and chargeback issues. And guess what? If you can provide this accurate info on every BOL, preferably an EBOL, your carriers will favor you over time. It removes their guesswork on what you ship, and they cannot dimension everything. It streamlines payment, and gives them the data they need much faster. Think about the many benefits, from daily linehaul and delivery optimizations to simply costing and rating every single shipment correctly. This is a massive pain point across LTL. Solutions are out there, available to any shipper of any size. LTL comes down to a space game, that is what drives cost and pricing. Are shippers ready to step up here?

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https://lnkd.in/gCCzC63p The article highlights the changes TFI makes to adapt to ever changing situations. #freightwaves

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If you can target cross country freight and long haul I’d do it. I kind of ran into it by accident, but as a ctg rep it made it easy to grow fast. Definitely got lucky too. In august of 2022 my 4th full month I hit 500k in revenue for a month (only 7 percent profit) but my load count wasn’t insane I had 1 customer that was shipping seafood north of seattle near canda that was usually multi pick multi drop going to the east coast. I had another customer who was importing product to California and needed 10-15 trucks a week to their Illinois location. I had another customer that was based in wyoming and everything coming out of Wyoming is normally going a decent distance. I took any freight I could get but I expressed to these customers as the relationship grew that long haul was my niche. I definitely got lucky, and that’s why I always say I doubt I’ll be able to repeat those numbers as fast but I think it is a good strategy to target long haul if you are a ctg rep. What do you guys think? #sales #logistics #trucking

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Dry Van Freight Market Update May 27 - June 2: ~Chicago’s truckload capacity tightened following last week’s $0.01/mile increase to an outbound average of $1.68/mile. ~Atlanta saw a similar trend with rates increasing $0.02/mile to $1.77/mile average. This is up $0.20/mile in the last month on 22% lower volume of loads moved. ~Atlanta > Lakeland paid carriers $2.52/mile, $0.06/mile higher than the prior month. ~Lakeland > Atlanta paid carriers $0.83/mile and are $0.13/mile higher than the long-term average. ~That means RT is paying carriers $1.79/mile excluding fuel. At this level, carriers are operating under breakeven. #freightmarket #supplychain #transportation #logistics #trucking

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Logistics is an interesting space. I don't think anyone I have ever met in this industry that ever thought: "Yeah, I knew when I grow up that I want to be a freight broker." Now that you're in it, you more than likely love it (hopefully). Matt Dahl, and I created 2 Dawgs, 1 Pod. in an effort to bridge the gap of knowledge by bringing in guests on a full spectrum to hear their insight(s)- Shippers, brokers, staffing, factoring, carriers, and more.............. This week, we will have an edition of Q and A with Matt, and myself. If there are any topics you have a question on, or would like to see us cover. Head over to our event page at: 2 Dawgs, 1 Pod. and drop a comment. If you do find yourself in this crazy industry, and do not in fact love it- Tune in, maybe you will find that you would enjoy a role on a different side. I know many folks who have tried certain positions within the space and despised them- all while ultimately finding a landing place in a suitable role that fits their strengths/preferences.

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Selecting the right shipping provider is crucial for your import supply chain's success. Here are 5 things to consider: 1. Know your free days before demurrage charges start. 2. Assess how fast and far your product needs to move from the port. 3. Opt for transloading if traveling over 200-250 miles from the port. 4. Decide on the visibility level needed for in-transit freight. 5. Use a single provider for efficiency and prioritized freight handling.  Working with a comprehensive provider like Schneider: - Simplifies your supply chain management - Reduces touchpoints - Prioritizes your success This leads to cost savings and better customer focus.

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Juneteenth On June 19, 1865, Galveston, Texas, held a momentous celebration of freedom. Despite the Civil War's conclusion on April 9, 1865, slavery persisted in various states, with Texas being the final Confederate state to abolish the practice. The 135th US Colored Troops, which included my great-grandfather, played a pivotal role in paving the way for General Sherman's journey to Texas. For more information, see my blog on Diggingdeepcoach.com #Juneteenth #usct

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