Digital LTL Council Eyes Electronic
Bill of Lading Standards
November 24, 2020
Bringing about transformative long-lasting supply chain change requires
collaboration among all parties in the transportation ecosystem. Today, a
leading group of transportation executives and thought leaders have brought
together 20+ organizations to support and evolve the LTL industry. The Digital
LTL Council brings together carriers, logistics service providers, shippers and
technology providers with the sole focus of developing a set of uniform
standards that support the scalable automation and digitalization of LTL
shipments.
“The past year has introduced a variety of conditions that has further
challenged Uline and the entire transportation industry to find new ways to
operate efficiently while reducing cost and maintaining the health and safety of
our employees,” said Angelo Ventrone, VP of Logistics at Uline. “We’re excited
to join other industry leaders to help create a set of standards and best
practices that will enable the entire ecosystem to increase performance, meet
customer needs and keep our supply chains moving despite unexpected disruptions
such as a global pandemic, extreme weather, trade disruptions, closed borders
and economic uncertainty.”
Member companies of the Digital LTL Council include:
ArcBest
Averitt Express
Blue Yonder
C.H. Robinson
Dayton Freight
Echo Global Logistics
Estes Express
J. B. Hunt
Manhattan Associates
Old Dominion Freight Line
Peninsula Truck Lines
Pitt Ohio
project44
Quad Graphics
SAIA LTL Freight
SMC³
Transplace
Uline
Ward Trucking
Worldwide Express
With the vision of supporting the automation of all shipping and billing
workflows from payment to settlement, the council is currently concentrating on
developing digital standards that address the most urgent and widespread pain
points across the LTL industry. Ultimately, this will enable shippers, LSPs and
carriers to build their systems to one standard and use it across the industry,
increase productivity and develop more value-based strategic relationships.
Projected Industry Cost Savings and Current eBOL Beta Progress
Over the past 12 months, select council members including Uline, Quad Graphics,
Averitt Express and Pitt Ohio have been running beta projects focused on
developing more standardized electronic BOL (eBOL) solutions. The development of
this solution will foster stronger understanding of the data and processes
needed to enable industry-wide adoption at scale.
Early
results from the council indicate that once manufacturers or distributors
digitize the LTL shipment lifecycle, “they’ll see an average of 2 to 4-percent
cost savings per shipment. That total value delivered is comprised of many
critical factors including increased network efficiency and on-time performance,
reduced safety stock levels, decreased dwell times, improved carrier performance
and heightened human resource efficiency,” stated Christian Piller, Vice
President of Value Engineering at project44.
As for the benefits to carriers, they’ll automate or even eliminate certain
administrative, bill entry and customer service tasks, saving up to 1.3 percent
of their current costs. This equates to industry savings of potentially $470
million. “The benefits, of course, don’t stop there. In addition to eliminating
manual data entry and risk of transcription errors, carrier systems receive
shipment information sooner enabling advance operational planning and network
optimization. Carriers estimate they could realize an additional 2-percent
reduction in operational costs, making the industry-wide savings nearly $1.2
billion,” stated Brian Thompson, Chief Commercial Officer at SMC³. |