trucks

Are You Prepared for the Peak Shipping Season?

2022 has had its fair share of supply chain disruption. Trucking rates through 2022’s Q3 haven’t seemed as volatile as in months past, as fuel prices have stabilized a bit. But even if things like fuel prices and inflation have peaked, Q4 is too vital for many businesses not to be prepared. Now that we’re heading into the Holidays, the peak trucking season is ramping up which will bring on more chaos and fluctuation in truckload capacity, service and rates. The key question to all large shippers is… how have you prepared for it? To help fend off potential risk, some shippers have continued to lock in long-term carrier contracts. But unfortunately, RFPs produce fixed pricing that does not fluctuate with market demand resulting in the shipper paying too much or receiving horrible service. Innovative shippers have taken a much deeper look inside freight management protocol, and they have determined that traditional practices, such as the time-consuming RFP, no longer work. Why? Because static and manual processes can’t keep up with today’s market turbulence. They don’t provide the flexibility needed to pivot as disruption occurs.  Forward-thinking shippers have embraced technology and industry 4.0 concepts, such as automation, AI, and visibility/ data. They have spent time and money overhauling critical supply chain processes, such as freight procurement, to help keep goods moving. Shippers who continue to rely on decades-old processes, like RFPs and freight brokers, will eventually lose their supply chain competitive advantage, and worse erode their margins and profitability.  Automation & Data Freight procurement automation utilizes AI to help shippers always deliver goods on time, and at a fair market...
Tracey

Sleek Technologies Announces Tracey Page as Business Development Director

Pioneer in AI-driven freight procurement automation adds to rapidly growing revenue operations team with the appointment of a business development director CHICAGO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Sleek Technologies, a technology data company, and leader in AI-driven freight procurement automation, today announced the hiring of Tracey Page as Business Development Director. With nearly two decades of technology sales executive experience, Page will help spearhead efforts to support Sleek Technologies’ ongoing growth. "We are so pleased to announce the addition of Tracey Page to our sales team," said Mike Nervick, CEO and Co-Founder of Sleek Technologies. "Sleek Technologies is now experiencing impressive growth both as a company and in terms of our technology and reputation. Tracey’s strong sales background speaks for itself, and we know that she will be a key cog in helping us push our growth to the next level.” Prior to joining Sleek Technologies, Page has served in a variety of sales leadership roles across the technology sphere including brands such as WestStar MultiMedia Entertainment, Times Media Group, Samsung Electronics, and Fourth Shift Corporation. Most recently, Page served as a Sports OTT Streaming Platform Business Development leader for NAGRA Kudelski Group. “Sleek Technologies is at the forefront of automating a trillion dollar industry, transportation. I joined the team because they have strong momentum and have worked hard to build an innovative solutions suite that helps evolve logistics,” said Page. “But I’m most excited about helping our customers uncover resilience, sustainability and cost reduction opportunities so the world continues to have access to the brands we all want and need.” About Sleek Technologies Sleek Technologies is the market leader...
Rail_cargo

Rail Disruption Impacts Truckload Capacity & Price

For months now, the supply chain has continued to battle one issue after another. Many shippers have had to modify the way they move goods due to backed-up ports, labor shortages, and lack of truckload capacity. And rail disruption is no exception, especially off the West Coast.  In fact, Alameda Corridor Transportation Authority (ACTA) reported that the share of imports hauled by rail from Los Angeles/Long Beach fell to an all-time low Jan- April 2022, dropping 40%+ YoY. And while imports dropped, the average daily number of intermodal trains serving the ports dropped from 33 in 2019 down to 27 in 2022.  “Unfortunately, rail disruption is not an isolated issue”, said Michael Paul, VP Sleek Sales. “As with any mode of transportation, when disruption occurs all modes are impacted as shippers try to figure out how to keep goods moving so they deliver on time. To prove this point, DAT reports very tight capacity in LA and Abilene, TX with load to truck ratios reaching 4:1, which will cause over-road rates to increase during the fall peak season.”    Congestion at West Coast ports, along with the threat of labor shortages and strikes, has led to a steady increase of trade moving away from the West Coast to the East Coast. To understand market share, one can refer to trends in container volumes. From January through May, Port of New York import containers increased 11.5%  while Port of New Jersey increased 6.5%. To make matters worse, ports have begun to see an unusually early arrival of holiday products, including Christmas trees and Winter appeal. Household appliances are also part of long...
sleek carrier portal

Sleek Technologies Launches Native Carrier Mobile App to Advance Freight Procurement Automation Between Large Shippers And Small to Medium-Sized Carriers

Sleek Technologies launches native carrier app which dynamically matches shipper loads to compliant, out-of-network, asset-based carriers at the right time, place, and price, benefiting both parties CHICAGO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- To help shippers and carriers uncover resilience, sustainability, and cost reduction opportunities, Sleek Technologies has advanced freight procurement automation by launching a self-service mobile app for small to medium size carriers. Once downloaded, the app provides carriers with direct access to large, reputable shippers with high load volumes. “Sourcing the right carrier, at the right time, at the right price has been a struggle for many large shippers because most only have direct access to less than 1% of today’s capacity through contracted carriers,” said Mike Nervick, Sleek Technologies CEO. “By automating freight procurement, large shippers leverage AI-powered technology to remove intermediary barriers, and expand direct access to compliant, out-of-network, asset-based capacity which saves massive amounts of time and money.” Once the app is downloaded, machine learning goes to work to dynamically match shipper load requirements with carrier attributes. After a load is matched to a carrier, the load becomes available for the carrier to submit an offer. The load is only accepted when the carrier bids at or under the shipper’s designated truckload price. If accepted, load statuses are automatically updated into the shipper’s designated TMS via enabled APIs. The entire process happens behind-the-scenes, and is seamlessly integrated into the shipper’s TMS. “With the middleman eliminated, 100% of the carrier’s bid lands in the carrier’s pocket so they make more money,” said Andy Stump, Sleek Technologies CTO. “Plus, the shipper saves money by not paying hidden...
i win

While Shippers Struggle, Popular 3PLs Thrive!

Supply chain woes, high prices of fuel, and budget overages have many large retailers, manufacturers, and distributors that rely on shipping facing uncertainty. But not everybody is feeling the squeeze of these problems that have been ongoing since the onset of the pandemic. Popular third-party logistics companies (3PLs) – as well as large freight brokers – have taken advantage of this situation to the tune of record-setting earnings for multiple months in a row, according to Transport Topics. That’s good news for them, but many large shippers are still scrambling to find ways to trim expenses. Innovative shippers have turned to smart technology and automation to help remove waste.   Why 3PLs & Freight Brokers Are Thriving 3PLs help large shippers streamline critical supply chain operations such as distribution, warehousing, and packaging. Similar to freight brokers, most 3PLs also offer brokerage services and act as middlemen to set up shippers with third-party carriers. Unfortunately, as disruption occurs in the freight market, freight middlemen know that shippers are willing to pay an arm and a leg to move goods. And with hidden margins, these middlemen charge upwards of 30% more to pad their own pockets- hence record-setting earnings.   Take Control of Shipping With Technology Award-winning, AI-powered automation technology helps shippers uncover resilience, sustainability, and cost reduction opportunities by eliminating the need for middlemen. By automating freight procurement, 80+ configured shipper attributes-- along with artificial intelligence-- dynamically match loads directly to the right carrier, at the right time, location, and price. Logistics can be expensive, but it doesn’t have to be. Automating freight procurement helps shippers overcome freight market volatility by always delivering...
industry icon

How Industry 4.0 Has Helped Advance Freight Procurement

Buzz words come and go, quickly. But it seems “Industry 4.0” might stick around for a while as manufacturers continue to search for innovative ways to improve efficiency, reduce costs, and increase their profits. Industry 4.0 has revolutionized the way companies manufacture and distribute goods. And those who were slow to join the digital transformation movement have finally realized they need to catch up by replacing manual, outdated processes which hinder agility and the ability to remain resilient during unforeseen challenges.    Given how unstable and chaotic the supply chain has been over the last 24 months, experts agree that manufacturers who embrace Industry 4.0 will have a much greater chance of survival. So what exactly do manufacturers need to embrace to make their operations smarter? Industry 4.0 refers to the convergence and application of innovative digital industrial technologies, such as advanced robotics, additive manufacturing, augmented reality, simulation, cloud, integration, and cybersecurity. Two major themes stand out: AI-powered automation and real-time analytics! AI-powered Automation Automation helps minimize human involvement in critical processes, reducing wasted time and money. AI’s inherent ability to learn and continuously improve on-the-fly will make any manual process more efficient and productive. For example, freight procurement (a critical supply chain process) has relied on transportation RFPs to help source contracted carriers to ship goods. As with any request for proposal, many hours and human capital are used to complete the process. AI-powered automation technology has advanced freight procurement by using unique shipper attributes and proprietary algorithms to dynamically match the perfect pool of carriers to shipper loads. When the right carrier– at the right location and price–...
Balance

Can A Shipper Really Balance Transportation Cost With Service (OTD)? Yes They Can.

Costs surrounding freight always fluctuate up and down. The trick for shippers is to deliver the goods their customers expect on time, without acquiring and then passing down increased transportation costs. There’s more focus on transportation budgets and service than ever before, and utilizing software-- that outputs real-time data-- will take the mystery out of how shippers can successfully balance transportation costs with service levels. Because as transportation insiders know all too well, shippers are either over-paying and receiving great service, or under-paying and receiving horrible service. The new way forward for savvy shippers is to utilize a combination of automation and data intelligence to always deliver goods on time while paying a fair truckload price.  Automating Freight Procurement Procedures It seems overnight, the digital transformation and new emerging technologies have instantly changed supply chain procedures to become more agile to help overcome new challenges. For example, instead of relying on freight brokers and RFPs to source compliant carriers, innovative shippers have turned to automation technology, which uses a self-regulated freight marketplace to dynamically source compliant, asset-based capacity at the right time, place, and price! On average, these shippers are saving  over 17% on truckload cost, while generating 97%+ OTD.  Closing the Freight Procurement Data-Gap  Forward-thinking shippers have also prioritized the need to close the massive data gap associated with freight procurement by choosing to only do business with partners that provide 100% data transparency. Once the data gap is filled, shippers are then empowered to make stronger, data-driven decisions surrounding how best to optimize their carrier network so they can always deliver goods on time, at fair market price. ...
propero consulting

Sleek Technologies and Propero Consulting Automate Freight Procurement for Oracle Transportation Management (OTM) Users

Sleek Technologies and Propero Consulting to offer AI-powered freight procurement automation software that seamlessly integrates into OTM resulting in on time delivery, at fair market cost CHICAGO, June 22, 2022 (GLOBE NEWSWIRE) -- Sleek Technologies, the leader in freight procurement automation, today announced its strategic partnership with Propero Consulting. Propero, an Oracle Partner, designs and implements innovative supply chain solutions that improve operational efficiencies. Together, Sleek and Propero will help OTM customers uncover resilience, sustainability, and cost reduction opportunities related to transportation management. “This strategic alliance supports our push towards freight procurement automation,” said Mike Nervick, CEO of Sleek Technologies. “OTM users will now have the ability to dynamically source compliant carriers through an AI-powered, self-regulated freight marketplace that eliminates waste such as brokers and RFPs.” Sleek Technologies uses proprietary AI and machine learning algorithms to dynamically match shipper loads to compliant carriers at the right time, location, and market price. Data seamlessly flows between Sleek and OTM, so customers gain a complete snapshot of truckload activity for stronger, data-driven decision making. ”Over the last 24 months, many shippers have identified the need to automate important supply chain processes and improve overall carrier capacity,” said Mauricio Ramirez, Managing Director of Propero Consulting. “Transportation management remains at the top of the list. This automated solution we’ve developed for OTM with Sleek turns the static freight procurement process into a dynamic real-time process, reducing truckload cost while improving on time delivery.” With a heightened focus on digital transformation, and a need to remain resilient especially during times of unknowns, innovative shippers have realized the old, antiquated way to procure freight no longer works. From...
MicahelPaul

Shanghai, Back to School, Fall Peak, And More– Are You Prepared?

Michael Paul, Sleek's VP of Sales, has been helping shippers source qualified carriers for years now, and based on his expertise and what he's witnessing overseas, he is predicting a high-water mark of containers will soon generate another capacity crunch at US Ports. To help support his point, Michael Paul said, "The Port of Savannah this past week moved 255K TEUs, and the same week in 2021 only moved 170K. Thankfully, port leadership had strong foresight and created a number of container yards which resulted in only 12-15 containers on water, versus 40-50." Here are additional challenges, and what shippers can do now to proactively prepare to weather the approaching capacity crunch storm.  New Shanghai Quarantine Measures Will Have Resounding Impacts This past April and May, as part of continued quarantine efforts, Shanghai closed several important highways which negatively impacted trucks carrying exports bound for city ports. To help mitigate delays, shippers began to rely on Ningbo and other smaller loading ports along the Yangtze River as alternate port destinations. As a result, the Port of Ningbo is now showing an increase in congestion. Just as production and manufacturing levels were resuming in Shanghai, new restrictions were implemented which will negatively impact the supply chain and freight procurement. During the initial lockdown period, a trucking slowdown led to raw material shortages for large companies such as Volkswagen and Tesla. “Before the latest restrictions, truck drivers were still required to provide a nationally recognized 48-hour negative Covid test result and traffic permit”, said Akhil Nair, Asia-Pacific VP at Seko Logistics. He also noted that local governments continue to demand more testing....
SupplyTech Breakthrough 2022-Sleek Technologies

Sleek Technologies Awarded “Procurement Solution of the Year” In 2022 SupplyTech Breakthrough Awards Program

Sleek Technologies Wins Procurement Solution of the Year from Annual Awards Program Which Recognizes Innovation in the Global Supply Chain Technology and Logistics Industry CHICAGO, June 16, 2022 (GLOBE NEWSWIRE) -- Sleek Technologies, leaders in freight procurement automation, today announced it has been recognized as “Procurement Solution of the Year” by SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe. “What an honor it is to be singled out in the SupplyTech Awards program. Our automation technology was designed to disrupt and advance freight procurement, and we’ve done just that! Our growing customer base is reducing truckload cost by 10-20%, while delivering 97%+ OTD regardless of market conditions” said Mike Nervick, CEO and Co-Founder of Sleek Technologies. “We’ve figured out how to automate the $700B trucking industry. With AI-powered technology and 100% data transparency, we uncover resilience, sustainability and cost reduction opportunities that empower shippers to always deliver the products the world wants and needs on time, and at fair market price.” Sleek Technologies has advanced freight procurement by replacing inefficient manual processes– such as RFPs and brokers– with freight procurement automation technology that offers the most comprehensive load matching solution in market. By automating freight procurement, shippers can effectively manage the unpredictable freight market to always deliver goods on time, at fair market price. As a load becomes available, freight capacity is expanded dynamically. 80+ configured shipper attributes, predictive AI algorithms, and a system of measures to gauge the likelihood of a specific driver’s interest in a particular load/...