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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Roper Technologies Inc | NASDAQ:ROP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-5.45 | -0.97% | 557.54 | 555.83 | 561.67 | 562.50 | 556.635 | 559.98 | 372,107 | 00:36:17 |
“Many bulk and break-bulk businesses face increased labor challenges due to increased order complexities; lower levels of available, seasoned staff; and changes in economic conditions where recovery rarely generates a return to prior staff levels,” says Chad Raube, President and CEO of IntelliTrans. “With a continued growth forecasted for domestic freight in 2025 and beyond, there is an expected need of nearly 2M new employees for transportation and warehousing jobs, due to growth and attrition.”
Companies are competing for a shrinking share of the population. Only 19% of the labor force will increase in 2021 to 2031 for ages 25 to 65. Eighty percent of the workforce in 2031 will come from the over-65 population.
Staffing levels in the bulk and break-bulk industries are compounded by:
Companies need to differentiate themselves with a talent strategy that involves technology deployment, employee engagement, and having a mission that matters. Technology like a transportation management system (TMS) can help as it will automate tedious work, improve productivity by 35%, and increase satisfaction, as people want to work for a company with great technology. The TMS should allow shippers to manage by exception, which helps employees focus on only the shipment that needs attention.
Using a TMS will reduce costs by saving>$110/load. The TMS will also improve service significantly if customers can help themselves, such as finding the correct ETA and carriers can self-schedule. Between 10 – 15% of freight bills contain errors, and accessorial charges are wrong 25% of the time. A TMS with freight bill audit and pay capabilities allows shippers to pay what they owe and carriers to get paid on time, which helps with cash flow.
About IntelliTrans Global Multimodal Supply Chain SolutionsIntelliTrans, a Roper Technologies business (Nasdaq: ROP), provides unified and proactive solutions to manage complex supply chain needs. Customers are nimble and efficient with the global supply chain transparency powered by IntelliTrans’ cloud-based Control Tower (Global Visibility Platform℠) and IntelliTrans TMS (Transportation Management System), the only SaaS-based TMS that provides seamless shipment execution and visibility across rail, truck, intermodal, barge, and ocean. IntelliTrans enables complete, timely, and accurate data, allowing customers to automate business processes, improve customer service, and reduce operational costs. IntelliTrans has recently received the Inbound Logistics Top 100 Logistics IT Provider Award, the 2023 BIG Innovation Award, the Cloud Computing Product of the Year Award, and the Food Logistics/SDCE Top Software and Technology Award. Learn more at our website, linked here.
Media Contact for IntelliTrans:Becky BoydMediaFirst PR (M1PR.com)404.421.8497becky@mediafirst.net
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