Ep. 02: The Total Cost of Transportation with Ed Garner and Lisa Anderson
Release Date: 12/15/2022
Cargo Shorts
Must Arrive By Date (MABD) shipping has become a cornerstone for retailers and supply chains alike. Born out of the need for efficiency and precision, MABD’s mandate that freight must be delivered within highly specific date and time windows. There are strict penalties for non-compliance, presenting challenges for shippers. Understanding and navigating these requirements is essential for those involved in the movement of goods. Host Samantha Jones of SJ Consulting, is joined by Greg Plemmons, Executive Vice President and Chief Operating Officer and Chris Kelley, Senior Vice President...
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The domestic supply chain has changed in ways few could predict. It has rebuilt itself in new, dynamic ways, with a stronger version of Just-in-Time shipping emerging. It is called “Just-in-Time 2.0.” This new model keeps the best parts of the old system while focusing on shorter, resilient lines of transport with greater redundancy. Host Jonathan Betz is joined by Dr. Thomas Goldsby, the Professor of Supply Chain Management at Haslam College of Business at the University of Tennessee, and Greg Plemmons, the Executive Vice President and Chief Operating Officer at Old Dominion...
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Every inch counts when it comes to shipping, and accurate dimensioning can tip the scales in your favor. When weighing options, precise pallet dimensioning can make shipping faster and more efficient while reducing surprises on the final bill. Host Jonathan Betz is joined by Todd Polen, Vice President of Pricing Systems at Old Dominion, and Glenn Zalusky, the Vice President of Strategic Business at Rice Lake Weighing Systems to discuss the benefits of accurate measurements. Their conversation explores how accurate pallet dimensioning is a game changer for the LTL industry, the...
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Whether you are shipping across the country or around the world, the right packaging makes all the difference. As the emphasis on sustainability intensifies, the industry is rapidly evolving, with data playing a vital role. But cost and fragility of freight are factors that need to be considered. Host Jonathan Betz is joined by Dr. Greg Batt, an Associate Professor of Packaging Sciences at Clemson University, and the director of the Sunoco Package Testing Laboratory in the Food, Nutrition, and Packaging Sciences Department. Dr. Batt holds a Ph.D. in Mechanical Engineering and an M.S. in...
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Automation and digitization are rapidly transforming the LTL industry, enabling greater transparency and visibility. Seamless technology fosters improved planning, pricing, service, and relationships among carriers and shippers. Host Jonathan Betz speaks with Barry Craver, VP of Technology at Old Dominion, who served OD on the business side for twenty years and took responsibility for IT in 2023, and Paul Dugent, Executive Director of the Digital LTL Council under the National Motor Freight Traffic Association. Paul is responsible for bringing together LTL motor carriers, technology...
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The findings from Mastio’s annual study of LTL carriers help shippers evaluate carriers based on many important attributes. Shippers need to choose the right partner when selecting a carrier. Shippers want to ensure that their freight will make it to their customers on time and damage-free. What tools are available to help shippers choose the right carrier for their business? How can collecting independent, third-party logistics data assist them with the decisions? Host Jonathan Betz speaks with Kevin Huntsman, the president of Mastio & Company, a market research consulting...
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Understanding freight classification is a critical part of the shipping process. If freight is not properly classified or wrong item numbers are used, the most accurate rates may not be applied, which can lead to an unwelcome surprise on the final bill. Understanding these classifications is critical to a business, but why is it a struggle for some, and what can be done to improve the system to streamline LTL shipments? In this episode, hear from Old Dominion’s Director of Pricing Services, Erin Topper. Erin spent 18 years at the National Motor Freight Traffic Association (NMFTA),...
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Customer expectations are growing as economic stress factors remain, giving rise to an uncertain holiday season. Retailers face their peak period during this season of shopping and shipping. This year appears to be shaping up like few others. Inflation remains a concern, interest rates continue to rise, and retailers are worried about weakened spending. So, where do things stand now? Do shippers expect this season to be naughty or nice? In this episode, hear from the Assistant Professor of Professional Practice at Rutgers Business School, Dr. Tony Bell. Dr. Bell has 30 years of...
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How can carriers evolve to navigate retail supply chain complexities and future consumer expectations? The pandemic caused a seismic shift in the industry and resulted in systemic changes to traditional retail supply chain strategies. What lessons did we learn and where have we landed to better meet customer demands? In this episode hear from Joe Metzger, former Executive Vice President of Supply Chain Operations at Walmart and 30 year veteran in consumer product goods supply chain leadership at Kraft Foods and The Kellogg Company. Greg Plemmons is the Executive VP & Chief...
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There are many reasons for shippers and carriers to share information including better planning, better pricing, and cost savings. It benefits all parties to work together to improve transparency, efficiency, and trust. Business expectations are rapidly changing, therefore it is important to come together to talk about using digitalization in transportation and how it can lead to enhanced visibility and transparency. Joining host Jonathan Betz are Todd Polen, the VP of Pricing Services for Old Dominion Freight Line, and Scooter Sayers, President of Sayers Logistics, an LTL Consultancy....
info_outlineThe rising cost of transportation bottlenecks and service delays have left logistics managers with much to manage. Calculating the total cost of these issues is difficult when only addressing a predetermined price per transaction. Strategic partnerships between shippers and carriers can mitigate pain points and lead to a better customer experience. But, how can logistics partners improve the supply chain and reduce cost in today’s operating environment and create resilience in logistic operations?
Joining Host Jonathan Betz are two industry experts who share best practices for forging and nurturing long-term partnerships. Ed Garner is the Director of National Accounts at Old Dominion Freight Line and Lisa Anderson is the Founder and President of LMA Consulting Group. LMA Consulting provides expertise and advice on end-to-end supply chain strategy and business transformation.
Key Takeaways:
In 2022, the top three challenges shippers face have carried over from 2021. Ed shares the details. [:56]
Lisa shares the strategies of shippers on how they manage their transportation costs as prices rise. [3:17]
Ed explains the total cost of transportation and why carriers are the single most important link in the supply chain. [4:47]
A precise and coordinated operational execution plan is necessary when two-thirds of every shipment handled requires an appointment. [7:21]
Lisa comments on what it will take for carriers to excel in this on-demand economy. [8:47]
Ed maintains that one of the best methods to forge and maintain a long-term partnership between carriers and shippers is for the relationship to be strategic, not transactional. [11:22]
As many companies turn to the total cost of transportation, Old Dominion developed a value calculator which allows customers to see what the actual cost of moving a shipment is. [13:20]
Best practices for the future of logistic partner relationships, building resiliency into supply chains, and providing superior customer service; both Lisa and Ed weigh in. [16:09]