A Look Back at 2023 – and Forward to 2024 – in the Logistics and Delivery Industry
There’s no question that 2023 was a year of unpredictable business challenges on a global scale. Despite a strong US economy, there has been a widely publicized freight recession due to reduced demand, high interest rates, and consumer uncertainty. Marty Freeman, president and CEO of LTL carrier Old Dominion Freight Line, recalls conversations with his team […]
Risk Management Strategies in Courier Services
The courier services industry is a bustling and vital part of global commerce, responsible for ensuring the seamless movement of goods across distances. Yet, beneath the surface of its efficiency and speed lies a significant challenge: managing risks effectively, the impact of insurance claims on the financial health and operational stability of courier companies cannot […]
The Final Mile Delivery Market
Supply chain logistics involves the movement of goods from their origin or manufacturing point to the end-user, often requiring detailed planning, and specialized transportation and storage services along the way. An Overview of Final Mile Delivery Final Mile delivery, also known as Last Mile, refers to the end stage of the delivery process where goods […]
Just-in-Time versus Just-in-Case Inventory Management: Is it Time for a Shift?
Just-in-Time (JIT) is a system for managing inventory where goods or materials are obtained only when they are needed from suppliers in an effort to reduce the cost of holding inventory. Alternately, Just-in-Case (JIC) is an inventory management method where large inventories are held to prevent running out-of-stock. This method weighs the higher cost of […]
The Revival of Sales and Operations Planning
What is Sales and Operations Planning? Invented almost forty years ago, Sales & Operations Planning (commonly referred to as S&OP) was conceived as a method to “force” isolated enterprise business units to work together. Across countless industrial sectors many companies’ business unit workflows and processes ran on their own – “in silos” – with little […]
Route Optimization Software – A Hidden Tool in Helping Logistics Go Green
A Supply Chain Under Stress What does route optimization software do, and is it a hidden tool in helping logistics businesses go green? The dramatic rise in gasoline and diesel prices is aggravating existing pressures in the supply chain. Riddled with driver shortages, chip shortages that hinder new vehicle manufacturing, congested ports, and labor pressures, […]
Pace Grows Nashville Logistics Services
Pace is proudly growing our logistics service offerings in Nashville, Tennessee. Our warehouse on Space Park Drive is located just east of I-24. This strategic location provides quick and convenient service to the greater Nashville metro area. Our Nashville logistics services include final mile (last mile), pool distribution, courier services, and cross docking. We also […]
EOS Drives Culture at Pace
At Pace, our system for running our business is EOS, The Entrepreneurial Operating System. Created by Gino Wickman and described in detail in his book Traction, EOS provides us a structure by which we clarify our roles, plan, prioritize, collaborate, solve problems, and measure results. EOS provides us with consistency and guidelines on how we all work together. Without short-changing our individuality, EOS is designed to reduce (and hopefully eliminate) dysfunction and frustration. As Wickman and Tom Bouwer write in What The Heck is EOS?, “Why […]
Introducing the Pace Fantasy Freight League
Safety and service go together as Pace’s teammates help our customers achieve their logistics goals. Delivering the right product, to the right place, and at the right time is what our service is all about. Accomplishing this safely is essential to all of us. The Pace Fantasy Freight League was created this year to bring fun, healthy competition to Pace’s operational success – defined by service excellence, meeting GP goals, and […]
Pace Operations Continue to Grow in Atlanta, GA
Pace continues to grow its operations in Atlanta, Georgia. Our location just west of the I-285 perimeter highway corridor on the westside of Atlanta is strategically located less than a mile from Interstate 20 access. This location efficiently provides final mile services to multiple customers in metro Atlanta and facilitates inbound and outbound freight movements […]