HumanProgress.org founder: Time is money, and we’re all getting richer

CLEVELAND — Measuring purchasing power by dollars or other currencies is one way of looking at wealth. But at FreightWaves’ Future of Supply Chain event, Marian Tupy said the best metric is “time prices”: the amount of time needed at a particular job to purchase a particular good. Tupy was a keynote speaker on Day…

The past is prologue in trucking, Banfield says

At personal care products giant L’Oréal Corp., consistency and collegiality have been two of Andrew Banfield’s watchwords in transportation buying. Amid all of the turmoil surrounding the pandemic and supply chain snafus, the experience was “surprisingly consistent, and I say that because we very much aspire to attest and learn methodology where we try things…

Railway carmen back BNSF request for brake safety technology expansion

BNSF’s mechanical division and the Brotherhood of Railway Carmen (BRC) are working together on a program that seeks to ensure brake health. BRC is supportive of BNSF’s (NYSE: BRK) efforts to go before the Federal Railroad Administration and ask for the expansion of a test waiver that would enable both parties to continue work on…

Truck scheduling technology collaboration making strides

Efforts to streamline via technological collaboration the scheduling of truck drivers waiting dockside are well underway, according to executives speaking at FreightWaves’ Future of Supply Chain event in Cleveland. Convoy, J.B. Hunt and Uber Freight have been working officially since December to create and standardize a process that uses technological tools such as application programming…

China is not so tough after all, geopolitical strategist says

CLEVELAND — China is far less the globally threatening bogeyman it projects as its 40-year economic boom cycle ebbs, geopolitical strategist George Friedman says. And all the saber-rattling about China invading Taiwan needs to be taken with a grain of salt as well. “The United States has done something really cool that very few people…