Supply Chain Now Episode 563
“Even though we’ve got some fantastic numbers, which show how quickly things have begun to recover, we’re still not where we were even two years ago when we were flying like mad in 2018 and early 2019.”
– Bobby Holland, VP/Director of Freight Data Solutions at U.S. Bank
U.S. Bank processed $29.7 billion in freight payment transactions in 2020. Those payments and the data that accompanies them are analyzed quarterly by Bobby Holland VP/Director of Freight Data Solutions at U.S. Bank and his team. The FPI report includes quarter over quarter, year over year, and full year data and analysis.
According to the official report released by U.S. Bank, “The freight market wrapped up 2020 on a positive note with solid improvements in both full-truckload and less-than-truckload shipments – in part due to the growth of e-commerce purchases and single-family-home construction. And with a tight market, shippers paid significantly more during the fourth quarter.”
In this interview, Bobby is joined by Frank Hurst, President of Roadrunner Freight, to share the results of the on the Q4 2020 report with Supply Chain Now Co-hosts Greg White and Scott Luton, interpreting what they may mean for the economy and the shipping industry in the short and longer term.
· How trends such as fewer qualified/available drivers, changes in consumer demand, and the question of pricing stability affected the U.S. freight market at the end of 2020
· The differences by region in terms of eCommerce, shipment volumes, and freight capacity
· The signs of hope and growth that Bobby and Frank see in the Q4 data and in other indicators of freight industry-related economic health
Bobby Holland is responsible for the Freight Data Solutions team at U.S. Bank. Bobby has over 36 years of broad-based data processing, software engineering and consulting experience. He has leadership in multiple industries including insurance, large-scale billing, customer care services and banking. His specialties include systems integration, enterprise applications architecture, agile methodology, DevOps practice, systems engineering, object-oriented development, analytics, and product and project management. Bobby’s current focus is in analytics and data-related product management for the freight industry. Bobby holds a degree in Computer Science from Metropolitan State University.
Frank Hurst has served as President – Roadrunner Freight since June 2017, and prior to this position was SVP-Sales and Marketing from January 2017 to June 2017. Previously, Mr. Hurst spent 3 years as VP/GM for North American Corporation, a distributor of packaging products, equipment and service based in Glenview, IL. From August 2012 to December 2013, he was Executive Vice President for Vitran Express, where he was responsible for the turnaround, sale, and transition of the US LTL operation. Mr. Hurst spent 16 years at FedEx Freight, where he was VP- Divisional Operations from July of 2007 to August of 2012. A graduate of the University of Arkansas with a degree in Transportation/Logistics, he holds a Certification in Transportation and Logistics (CTL) from the American Society of Transportation and Logistics, and on the advisory board for EMERGE TMS.
Upcoming Events & Resources Mentioned in this Episode
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Connect with Frank on LinkedIn: http://linkedin.com/in/frank-hurst-5685712
Connect with Bobby on LinkedIn: https://www.linkedin.com/in/bobby-holland-4a9355/
Supply Chain Now Ranked #3 Supply Chain YouTube Channel: https://tinyurl.com/yazfegov
Download the Q4 2020 U.S. Bank Freight Payment Index: https://freight.usbank.com/?es=a255&a=20
“Transforming Supply Chains to Make a Positive Impact on the World Around Us” Webinar with Kinaxis and Mars Digital Technologies: https://register.gotowebinar.com/register/254220695046245133
“Proven Success Panel: Group Purchasing in Action” Webinar with OMNIA Partners: