We’re shaking things up today and, instead of an interview, we’re bringing you one of my favorite recent episodes of one of our most popular live shows – LogTech Live with Eric Johnson.
Eric is Senior Editor of Technology at the Journal Of Commerce. He always has the skinny on what’s going down in supply chain, and we love when he shares his insider knowledge with us, on the first and third Friday of every month.
And in today’s episode, Eric is joined by returning guest Alexandra Griffon, Co-Founder and CEO of BlueCargo, to talk about logistics technology in the huge $3.6 billion drayage market. Eric and Alexandra are going to be diving deep into the nitty-gritty of the new detention and demurrage billing rules, and talking about why drayage has been chronically under-invested in when it comes to technology. They’ll also be exploring how shippers and drayage providers can benefit from investing in that technology, and why disputing invoices is such a big challenge.
Demurrage, invoicing, technology – these are some big topics that impact so many of you across the industry. So grab your notepad and pen and pay attention, because Eric and Alexandra are going to be demystifying the challenges and explaining exactly how you can get ahead of the game.
IN THIS EPISODE WE DISCUSS:
[06.58] The latest from Eric – an update from Home Delivery World, two upcoming events, and how to get involved with the Blended Pledge.
“Remember when everyone said ‘when the pandemic is over, everything will slow down’ – it didn’t, it never slows down!”
[11.52] The big industry news of the week.
“Now we’ve had Convoy and Transfix, within 6 months of each other, become defunct as brokerage brands… A lot of people are talking about whether the digital brokerage model worked on its own (as it was pitched to VC’s a decade ago).”
[17.31] An introduction to Eric’s guest, Alexandra Griffon, and her company BlueCargo.
“Historically truckers and drayage providers were the ones risking the per diem, detention and demurrage costs, but this has changed. Shippers are wanting to internalize this cost, and have control… Between 2020 and 2022, US importers, forwarders and drayage companies paid $15 billion – that’s the lack of control they don’t want to go back to!”
[23.35] The new detention and demurrage rules issued by the FMC – the big changes and what they mean for businesses.
“Now it’s 30 days to issue an invoice, and another 30 days to issue a dispute or challenge – it’s a very strict timeline. And there are new data requirements that have to be on an invoice for it to be deemed valid.”
[33.03] From data to burden of responsibility, the biggest challenges with the new rules and regulations.
“It’s very hard to make sure your data is accurate. Just something as simple as the start or end date sometimes varies based on source…. Having the data is a good thing… but there are lots of gray areas.”
[47.16] When the new rules took effect, and how the dates impact what you can dispute now.
“You need to engage to get your own access to the original source of data.”
[50.57] Alexandra’s favorite song.
[53.18] Eric’s best ‘Dad Joke’ of the week!
RESOURCES AND LINKS MENTIONED:
Explore more industry news over on Journal of Commerce, and connect with Eric on LinkedIn.
If you enjoyed the show, there are plenty more episodes of LogTech Live to explore. And if you want to hear even more from the super-knowledgeable Eric Johnson, you can also catch him on episode 238 and episode 300.
Check out our other podcasts HERE.
