5 episodes

Cargo Shorts tackles all things related to the transportation of goods. Each episode digs into a key issue facing North American surface transportation with expert insights from economics, automation, and logistics professionals. Learn more about the complexities in the supply chain you’re facing in your business.

Cargo Shorts Old Dominion Freight Line, Inc.

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Cargo Shorts tackles all things related to the transportation of goods. Each episode digs into a key issue facing North American surface transportation with expert insights from economics, automation, and logistics professionals. Learn more about the complexities in the supply chain you’re facing in your business.

    Ep. 04: How to Keep Domestic Supply Chains Operating During Disruption with Chip Overbey and Prof. Jeffrey Bergstrand

    Ep. 04: How to Keep Domestic Supply Chains Operating During Disruption with Chip Overbey and Prof. Jeffrey Bergstrand

    During 2022, the industry has continued to experience global supply chain challenges and the effect it has had on the American economy. The pandemic disrupted global supply chains and it tested the resilience and flexibility of supply chain leaders. While COVID-19 was not a typical risk event, it underscored the need for organizations to reexamine and manage their supply chains to ensure business continuity and growth for the future.
     
    Joining Host Jonathan Betz are two industry specialists to discuss future strategies on how companies can maintain supply chain resilience and the lessons they’ve learned to help companies avoid disruptions, Chip Overby, Sr. VP Strategic Development of Old Dominion Freight Line, and Professor Jeffrey Bergstrand, Professor of Finance in the Mendoza College of Business at the University of Notre Dame.
     
    Key Takeaways:  
    Chip highlights the potential bottlenecks and issues, including labor, inflation, and weather, that affect the supply chain. [1:05]
     
    Will companies reconsider their offshoring strategies and overseas manufacturing practices? Professor Bergstrand discusses the myriad of uncertainties that abound in the industry and Chip offers up some statistics that may shape the future. [3:46]
     
    Chip describes the three key requirements for keeping domestic supply chains operating efficiently. [11:29]
     
    Professor Bergstrand shares an example of the liability of having a limited number of suppliers and the additional risk smaller suppliers face. [14:03]
     
    Both Professor Bergstrand and Chip weigh in on the critical requirements of labor, network, equipment, and technology to provide reliable on-time service to customers. [16:47]
     
    Professor Bergstrand describes the semiconductor issue, e-commerce trends, and the need for diversification in the supply chain. [20:43]
     
    Chip shares the operational technologies and planning tools Old Dominion invests in to maintain superior customer service and on-time deliveries. [25:19]
     
    Chip and Professor Bergstrand remark on how technologies and innovation will assist business leaders in developing strategies for business resilience in the future. [26:59]

    • 30 min
    Ep. 03: The Future of Freight Payment and Race Towards Automation with Todd Polen and Curtis Garrett

    Ep. 03: The Future of Freight Payment and Race Towards Automation with Todd Polen and Curtis Garrett

    The trucking industry, specifically less than truckload carriers, has reached an inflection point where digitization and automation are critical parts of the industry’s future. But who will drive that transformation? Like most things we experience in life and business, change takes time and leadership. As manual processes are being replaced by automation, this leads to many downstream benefits for both the shipper and carrier.
     
    Joining Host Jonathan Betz, are two guests passionate about freight payments and automation. Todd Polen is the VP of Pricing Services for Old Dominion Freight Line and Curtis Garrett the Sr. VP of LTL at Freight Plus, and founder of Understand LTL. They discuss how the transportation industry continues to benefit from automation, digitization, and simplifying shipping.
     
    Key Takeaways:  
    Todd shares what convolutes the freight payment process from a shipper’s perspective. [1:03]
     
    Curtis believes the standard digital infrastructure is the missing component in the automated freight payment process and offers a possible solution. [2:36]
     
    Todd talks about how the LTL freight classification system will change for carriers, third parties, and shippers. [5:25]
     
    Curtis breaks down the National Motor Freight Classification process by theory and application. [6:55]
     
    Todd explains the LTL grocery store analogy and how being paid by weight is not beneficial to carriers. [10:06]
     
    Curtis describes the industry benefits of building a digital infrastructure foundation by way of technology and APIs. [14:05]
     
    Todd unpacks Old Dominion’s One Rate One Time program that may save billions of dollars and will serve as the future of freight payments. [15:44]
     
    Curtis sums up the huge opportunities available to the transportation industry. [20:02]

    • 22 min
    Ep. 02: The Total Cost of Transportation with Ed Garner and Lisa Anderson

    Ep. 02: The Total Cost of Transportation with Ed Garner and Lisa Anderson

    The 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]

    • 21 min
    Ep. 01: Just-in-Time — When Supply Chains are Backlogged with Greg Plemmons and Bob Costello

    Ep. 01: Just-in-Time — When Supply Chains are Backlogged with Greg Plemmons and Bob Costello

    For decades, companies have used a just-in-time inventory model to reduce excess supply and create a lean production process. But recently, we've seen firms take a more conservative approach with a just-in-case supply used to avoid running out of stock. The pandemic-induced devastation of supply chains put a spotlight on some of the challenges we face and exposed vulnerabilities in the just-in-time model. Does this mean the just-in-time process is no more? What lessons have we learned and what more needs to be done to ensure reliable on-time delivery of goods?
     
    To answer these questions and discuss future inventory management strategies, Host Jonathan Betz sits down with Greg Plemmons, Sr. VP of Sales for Old Dominion Freight Line, and Bob Costello, Chief Economist, and Sr. VP of International Trade Policy and cross-border operations for the American Trucking Associations.
     
    Key Takeaways:  
    Greg describes the common disruptions in the current supply chain and the lessons shippers have learned over the last three years. [1:12]
     
    Bob shares the idea of a just-in-time-plus model and offers an optimistic outlook for keeping systems up and running during brief lags. [2:18]
     
    Greg highlights the benefits of a close relationship between shippers and their carriers. [3:52]
     
    Bob reflects on the e-commerce trends over the past three years and future-casts business shipping and inventory needs, based on personal consumption data. [5:18]
     
    Beyond a solid relationship with their carrier, Greg details the steps shippers can take to manage changes and mitigate risk. [8:31]
     
    Bob shares competitive data on the important role surface transportation plays in the shipping industry. [9:31]
     
    Greg and Bob weigh in on what will make the just-in-time method work for suppliers and the value of acknowledging drivers. [11:58]
     
    Bob and Greg discuss the challenges and changes of bringing manufacturing back to the U.S. in the near future. [15:22]

    • 19 min
    Trailer

    Trailer

    Cargo Shorts tackles all things related to the transportation of goods. Each episode digs into a key issue facing North American surface transportation with expert insights from economics, automation, and logistics professionals. Learn more about the complexities in the supply chain you’re facing in your business.

    • 55 sec

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