LM: In terms of industry fundamentals/, how are things looking, given the current state of things, due to COVID-19. Eminent’s clients stand to benefit from the full logistics suite now available through Redwood. Then we went through a period of significant replenishment, with the market tightening up and a lot more spot activity as routing guides failed. Her work has garnered awards from the Council for the Advancement and Support of Education, the Georgia Institute of Technology and the Magazine Association of the Southeast. For example, the food and beverage sectors have a good road map of where it will go, whereas apparel and stuff highly fueled by the holiday season will have a baseline stock already lined up, but they will try and defer the remainder until you actually have to pull the trigger. Then there are customers on the other end experiencing unprecedented demand for things like PPE that need to get to hospitals as expeditiously as possible. A transcript of their converstation follows below. Which carriers, third-party logistics providers and U.S. ports reached the pinnacle of service... 31st Annual State of Logistics: Resilience put to the test. Yeager provided insight into the impact of the COVID-19 pandemic on logistics and supply chain operations on myriad fronts. To that extent, we have had folks that we were working with that are now in significant shutdown, and we are now reallocating our resources to customers and really create more interactivity with customers than maybe we have ever had before…and that has been done by reallocating resources. It may be that we are reaching a new normal and that is largely a demand-driven phenomenon. He will be integral in solidifying Redwood’s standing as a disruptor and a next-generation freight management platform.”, Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. LM: Taking a hypothetical approach, if we are in a post-COVID-19 economy, in the sense that more businesses open by, say, early July, and things get back to normal or on the way to normal, what happens over the second half of 2020 and into Peak Season. Yeager: I think we will look at this as a learning experience, especially if I am a shipper. There are going to be carriers that are challenged. Logistics Management Group News Editor Jeff Berman recently caught up with Mark Yeager, Redwood Logistics CEO and Senior Advisor with CI Capital Partners. We have some customers that are basically seriously shut down or nearly shut down, with production largely grounded to a halt, depending on the industry they are in. LM: Would a short burst in demand be a good thing for carriers? Senior Editor Kim Link-Wills has written about everything from agriculture as a reporter for Illinois Agri-News to zoology as editor of the Georgia Tech Alumni Magazine. As CSO, he helped build our company to a position of global leadership, and his forthright attitude served XPO well with the investor community.”. Yeager: It has really been a roller coaster ride. 2021 Trade Update: Uncertain global scenarios bear watching, e-Invoicing: Key Benefits for U.S. Companies, 2021 crystal ball for trucking: shippers get ready to pay more, maybe much more, ATA October truck tonnage data trends down after a strong September, Report says key bidder drops out of XPO Europe sale, C.H. Chicago-based Redwood Logistics announced Thursday it has hired Scott Cousins as the company’s chief technology officer. Yeager: COVID-19 should impact inventory management, in that I don’t think we will ever return back to people being happy to sit on millions of dollars in safety stock. Most shippers right now are trying to defer to the extent possible and trying to not make those decisions until they absolutely have to, but that is not too far off. Yeager: Yes, any bump in the economy would be a good thing, and it could be a lifeline. The reality is as long as fuel stays exceptionally low and there is soft demand in the truck market, even it its core lanes trucking will be very price competitive with intermodal. There were more bankruptcies in 2019 than 2018, and I am certain we will see more in 2020 than 2019. Three leading intermodal analysts take a deep dive into how the sector has turned the corner, as... 37th Annual Quest for Quality Awards: Pristine service prevails in challenging times. So if you don’t have a cost advantage, say 10% towards intermodal, most customers would rather use a truck than feel good about putting a significant amount of goods on a train. Yeager: It is difficult to address that only because each customer is experiencing and seeing their own challenges. Your logistics partner shouldn’t be either. Fassler’s career spans more than 20 years of senior experience with Goldman Sachs. And now we are seeing volumes start to decline industry-wide. Redwood Logistics Logistics and Supply Chain Chicago, Illinois 5,407 followers Redwood Logistics is a third-party logistics provider that connects your supply chain to winning solutions. All Rights Reserved. What that means is the intermodal costs advantage will be pretty seriously undermined. Greater Chicago Area. Christina Ryan Vice President, Supply Chain Solutions at Redwood Logistics. That is not a good way to compete in the modern world. Read Comarch’s latest white paper and learn about software that streamlines the AP/AR process and makes exchanging invoices…, From the November 2020 Logistics Management Magazine Issue, Q&A: Mark Yeager, Redwood Logistics CEO and Senior Advisor with CI Capital Partners. There is no question about it. (with video), Black Friday on the seas — Navigate B2B (with video), EROAD sees Clarity Dashcam, EROAD Go as important tools to grow North American business, Senior general to lead Canada COVID-19 vaccine distribution. LM: How do you approach that from a service perspective? But anyone in a discretionary space is feeling the impact of slower demand, which is apparent in jobless claims. Robinson lays down groundwork for shippers to gain Section 301 tariff relief, USPS files proposed 2021 rate increases with Parcel Regulatory Commission, Don’t Let These Carrier Mistakes Keep You Up At Night, U.S. rail carload and intermodal volumes are mixed for weed ending November 21, reports AAR, Echo Global Logistics CEO Waggoner assesses market conditions, with an eye on the future, Mobility: The strongest link in connected supply chain, Special Report: Supply Chain Transparency Creates Resilient Operations, BluJay research focuses on the need to build resilient supply chains, Survey issued by TraceLink and IDC cites various challenges for pharma shippers amid COVID-19, Transfix study examines shippers and consumers approaches to holiday shopping and shipping, 2020 Warehouse/DC Operations Survey: COVID-19 pandemic hits, operations respond, NorthShore Care’s new application for autonomous mobile robots (AMRs), Top 20 Automatic Identification and Data Capture Suppliers 2020, U.S. industrial real estate shines during Q3, reports JLL, Lift Truck Tech: Trends Converge Around Labor Efficiencies, Digitalizing your Supply Chain for Agility, How General Mills is disrupting its own supply chain to feed the world, 2020 Trucking Issue: There’s a silver lining after all, Making the Case for a Cloud-based Transportation Management System, Making the Case for Mobile Barcoding as a Data Collection Best Practice, Making the Case for the Next-Generation of Global Supply Chain Leadership, Subscribe to Logistics Management Magazine. Nobody is buying cars or lawnmowers, at the moment, as they are worried. Yeager: What we really are trying to do is to rally our resources around our customers’ requirements.

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