March Newsletter 2024
ASK AFS
WHY ISN'T THE TRUCKLOAD MARKET RECOVERING FASTER?
The Q1 TD Cowen/AFS Freight Index showed Truckload rates still “hovering near the bottom” even though other modes’ rates seem to have increased or leveled out. What’s up with Truckload’s slow recovery?
Nothing that affects the Truckload market is “up” right now – except for interest rates. That’s the problem.
STAT'S INCREDIBLE
COMMON LTL INVOICING ERRORS
It may be close to April 1 but that doesn’t mean you should be fooled into thinking your trucking charges are letter-perfect. Here’s a quick look at some of the major billing errors we found when we took a close look at nearly 250,000 of the LTL invoices our clients recently received.
BREAKING NEWS
AFS CEO TOM NIGHTINGALE NAMED 2024 "PROS TO KNOW" LIFETIME ACHIEVEMENT WINNER
We’re pleased to announce that AFS CEO Tom Nightingale has been named one of Supply & Demand Chain Executive magazine’s 2024 Pros to Know for lifetime achievement.
“Many of today’s supply chain pros are more than just leaders within their space. They’re innovators, decisionmakers, pioneers of change and growth,” said SDCE Editor Marina Mayer, when announcing the awards.
Congratulations to Tom for earning this prestigious honor.
“Over the next three years, we plan to make bold moves to create a growth flywheel in premium markets, while at the same time drive higher productivity and efficiency. The growth and productivity initiatives we are executing will result in higher revenue, expanded operating margins and increased free cash flow to deliver long-term value to our shareowners.” — ?CAROL TOMé, UPS CHIEF EXECUTIVE OFFICE