ITS Logistics

Our team had a fun time dressing up last Friday for the Reno Rodeo! 🤠🐎🐮 #RenoRodeo #events #logisticslife #rodeoseason

📢 Stay in the loop with the latest insights in our June edition of the Logistics Lifeline! This month, we're bringing you: - June's Port/Rail Freight Index - Q2's Distribution + Fulfillment Index - Updates about ITS Logistics' expansion in Fort Worth, TX - A look at sustainability practices in 2024 - Five key takeaways from ACT EXPO 2024 Dive into the fast-paced world of supply chain management with updates on drayage, container management, distribution, and more. 🌟 Check it out now for all the must-know industry highlights and insider tips. #thelogisticslifeline #supplychain #newsletter #logistics #ITSLogistics

Freight Fraud and theft are a main concern for shippers in 2024. According to data from CargoNet at Verisk, 2023 Q4 incidents of freight theft increased a whopping 71.6% compared to the year before. Discover how freight fraud impacts logistics and learn what you can do about it! Jered Snow, Sr Director of Network Operations, joins Thomas Wasson on Loaded and Rolling to discuss common fraud types and preventive measures. "We place a significant value on our carrier relationships and contractor process, featuring a best-in-class vetting process and a dedicated carrier relationships team. Ensuring the integrity of those hauling our freight is a top priority, providing optimal solutions to our customers and community, ultimately supporting ITS Logistics' business." Stay informed by watching the full video: https://hubs.ly/Q02DC0Vr0 FreightWaves #freightfraud #freightwaves #carrierrelationships

The June Port/Rail Ramp index is out, and as we analyze current trends, here are some things to think about: 📈 Volume Increases: Significant increases expected at US West Coast ports due to potential East Coast port strikes. ⚖️ Labor Dispute: Potential ILA strikes at East Coast ports could shift more shipping to the West Coast. 🔄 Market Dynamics: Increased Asia dwell times impact inbound volume but improve port operations. Carriers may boost capacity to handle rising trans-Pacific rates. Read more about how market dynamics are evolving and explore insights shared by Paul Brashier, VP of Global Supply Chain at ITS Logistics: https://hubs.li/Q02DfWZ20 #Market #Dynamics #FreightIndex #SupplyChain

Our team recently had a fantastic experience volunteering at a Reno Aces game for the Reno Rodeo Foundation! It was truly rewarding to support their efforts in education and assisting children with special needs. Proceeds from the concession stand will directly aid these children by covering medical expenses and supporting therapeutic programs. ⚾🐎 #renoaces #renorodeo #volunteerexperience #renorodeofoundation

ITS's Q2 2024 Distribution and Fulfillment Index is here! Here are some quick highlights: - There was a notable rise in the national industrial real estate vacancy rate to 6.2% in Q2, up from 5.7% in Q1. - Regional wages continued to rise, averaging $18.99. - Despite economic shifts, consumer sentiment remained strong, reflecting a 28.1% increase from March 2023. - As wages rose, so did the demand for warehouse automation to manage labor costs effectively. “Wages have increased to a regional average of $18.99, which is around a 40-50 percent increase in the last five years. It was not long ago that a starting warehouse employee made $12 to $14 per hour on the high end,” said Ryan Martin, President of Assets for ITS Logistics. "As increasing wages put pressure on employers, the demand for technology and automation to reduce labor costs in warehouse operations is also increasing.” Download the index and stay ahead of industry trends: https://hubs.li/Q02C82Zx0 Cresa #DistributionFulfillment #WarehouseAutomation #LogisticsTrends

The logistics industry has a real responsibility to implement sustainable practices, many of which require heavy investment. However, there are some ways to get started in sustainability while staying economically viable. In our recent article, we delve into the real challenges and practical strategies for companies looking to become more sustainable. Read the full article here: https://hubs.li/Q02C70gD0 #Sustainability #Logistics #EnvironmentalResponsibility

Concerns are rising as ocean freight rates might surpass $20,000, with no relief in sight until 2025. Paul Brashier, VP of Global Supply Chain, spoke with CNBC on how a shortage of containers and limited vessel capacity are pushing shippers to the spot market, driving rates to post-COVID crisis levels. He also noted that extended dwell times and a scarcity of empty containers are causing bottlenecks at port terminals. Read the full article here: https://hubs.li/Q02BVvMJ0 #GlobalTrade #SupplyChain #FreightRates

We were thrilled to attend the historic opening of the Port of Nevada in Fernley, NV. The inland port operation now offers intermodal service between Fernley and the Port of Oakland. Direct rail access to the port will unlock cost-saving opportunities, operational efficiencies, and enhance sustainability measures. Our team is proud to have pioneered the first-ever container move from the Port of Nevada in collaboration with Industrial Realty Group and our esteemed customer WebstaurantStore. Here's to many more successful runs! "The Port of Nevada in Fernley is great for connecting Northern Nevada to the international supply chain through the port of Oakland, which hugely benefits the state's economy and our own sustainability efforts.” said Adam Angle, Senior Vice President at ITS Logistics. “We were honored to be the first drayage provider to move a container out of Fernley. It was the first move of many, and we're looking forward to scaling volume at this location. The development of the Port of Nevada was a massive undertaking. It's invaluable to have this type of infrastructure in our own backyard, and we're grateful for all the stakeholders that made it happen." #Logistics #RailTransport #SupplyChain #OperationalExcellence

Paul Brashier, VP of Global Supply Chain, warns of potential strain on Baltimore roads due to increased port traffic, exacerbated by delays in Key Bridge reconstruction. In an interview with The Baltimore Sun, Brashier emphasized the importance of strategic road planning to maintain container throughput. He also noted global shipping uncertainties, including ongoing attacks in the Red Sea and disruptions in China. “It’s whack-a-mole,” Brashier said of the continual churn in shipping. “You knock something down and something else pops up somewhere else.” Read the full article here: https://hubs.li/Q02BsB6G0 #PortTraffic #Infrastructure #GlobalShipping