| June 27, 2018 | |||||||||||||||||||||||||||||||||
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Member NewsGlobalTranz Enterprises Inc., a leading technology-driven third-party logistics (3PL) solutions provider, has announced that it has selected The Jordan Company LP (TJC) as its new equity partner. TJC has signed a definitive agreement to acquire 100 percent of GlobalTranz from Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, Susquehanna Growth Equity, Volition Capital, Savano Capital Partners, and other investors. If you have news you would like to share with other TIA members, send it to us, and we'll place it in the next issue of Logistics Weekly. 
Meetings
3PL Technovations is a new meeting laser-focused on the rapid changes in technology affecting the 3PL industry. This highly energized event will feature rapid presentations by technology providers discussing the latest industry trends and issues as well as presentations and information sessions led by thought leaders. 3PL Technovations is designed to keep leading 3PLs operating at the top of their game. November 6-7 For more information and to register, visit the 3PL Technovations site.
Industry News and AdvocacyWhile many look to the coasts for the latest tech innovations, Ohio is making a move to be a driving force behind the development of autonomous vehicles. Under the Drive Ohio initiative, Gov. John Kasich authorized autonomous vehicle testing in the state, and since January, six autonomous vehicle development projects have begun throughout the state under its umbrella. Market conditions for trucking companies, as measured by FTR’s monthly Trucking Conditions Index, remained heavily tilted toward carriers in April. What’s more, says FTR, carriers can expect the conditions to continue to improve and hold strongly in carriers’ favor into 2019. Contributing to 3PL Perspectives is a great way to network and raise your company’s profile with TIA members. In addition to the print version delivered to more than 1,700 key TIA members, the electronic version is distributed to an additional 7,000+ members as well as an accompanying website.
Van rates edged up another penny last week to $2.31 per mile for the month-to-date. Yet the national average load-to-truck dropped 11 percent to 9.2 loads per truck. Rate trends typically follow load-to-truck ratios, but in the past two weeks, the ratios are drifting slowly back to earth while rates head in the opposite direction.
Want to learn from the best resource in the industry – seasoned TIA members? TIA's Mentorship Program will match brokerage owners needing guidance with successful members in a structured, six-month program designed around your goals. This unique program is designed to help you overcome the challenges of the highly competitive 3PL industry while also helping you increase your revenue potential.
EducationJoin presenter Dianna Whitby of Deer Park Cargo Claims Consulting as she explores the origins of the Carmack Amendment.
Registration is now open for the CTB Online Study Course that starts July 2. The course includes new updates and utilizes the fifth edition of the Foundations of Business textbook. The study course contains more than 80 hours of content, tailor-made to prepare you for the CTB Exam to be held Sept. 29.
Cargo claims, cargo claims, cargo claims! In theory and under the statutes, a broker is not liable for loss and damage to cargo; however, a broker may become liable for cargo claims in at least three, possibly four, ways. The first is to assume the liability of a motor carrier in a contract with a shipper customer. The second is to be determined to have held itself as a carrier to the public or a particular customer. With TIA’s know-how, this course is designed to provide a powerful understanding of the many intricacies of a profitable third-party brokerage logistics operation to serve its customers successfully, and it is useful for both inexperienced and experienced brokerage professionals. This course introduces you to the world of an independent contractor and covers marketing and sales, the finer points of an independent contractor’s job, information on load assignments, and even day-to-day office operations.
TIA Services - Discounted Business SolutionsTIA's innovative member-only video production service is designed to assist and enhance commercial outreach efforts. For as little as $700, you can have professionally produced videos to complement your marketing strategy. Are you taking advantage of the TIA Advantage program? As part of TIA’s commitment to help its members grow and succeed, TIA has partnered with several companies to offer its members products and services at special savings including but not limited to:
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