Pegasus Package

Helping you navigate the ever changing landscape of the supply chain world with exclusive insights and content.

Blog Feature

Industry Updates/News

The 2019 Basics of Information Security

The role of IT security professionals is to diligently work to reduce the exposure of corporate assets to cyber criminals. These methods range from the simplicity of locking workstations while an employee is away from their desk to utilizing artificial intelligence that interprets Internet traffic anomalies. Following a common sense approach to information security can significantly reduce the potential for loss due to cybercrime. This will focus on a few methods to help reduce risk exposure.

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Industry Updates/News

Market Analysis: Transportation Recession Continues Potential Outlook for 4Q 2019 & 1Q 2020

The transportation recession has continued into November, and the outlook for the fourth quarter of 2019 and first quarter of 2020 do not hold much promise for a recovery in transportation volumes.  Truckload carriers have benefitted from sustained consumer demand and low unemployment, but other transportation modes continue to experience weakness in volumes resulting from the slowdown in manufacturing and the continuing trade negotiation with China.  

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Pegasus celebrates World Quality Month

November is World Quality Month, which means we get to highlight our team’s ongoing efforts to improve the systems and efficiencies here at Pegasus Logistics Group. 

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Industry Updates/News  |  Insider

5 Critical Things to Consider for any Project Rollout

New product launches, store refreshes or displays for a large marketing campaign can be game changers for your organization. Taking large volumes to market across thousands of retail locations is no doubt exciting, chaotic, and challenging. Time constraints compound the complexity of coordinating across multiple delivery locations, managing installations and in some cases multiple shipper locations. Especially for companies who are undertaking multiple projects simultaneously, partnering with the right logistics provider can turn these difficult endeavors into simple affairs. A true logistics partner understands your needs and is prepared to manage the inevitable challenges of delivering a cost-effective, claims-free solution without interrupting your day-to-day operations.

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Company Updates  |  Culture Updates

Better today than yesterday; a take on continuous improvement.

What are you doing to improve yourself?  Stop for a moment and think about that. 

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Industry Updates/News

Market Analysis: Mixed signals from many different economic and transportation indicators

The economy continues to send a wide variety of mixed signals as to the future direction.  Overall, these signals do not appear that the US is likely to enter into a recession in the near term.  Instead, GDP growth will probably fall somewhere around 2.0 percent for the last half of 2019 and below 2.0 in 2020. Please follow the analysis of the attached graphs from Dr. Pohlen.  

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Culture Updates

Pegasus Core Value #4: The Difference is Fun

One of the qualities in the culture deck under “The Difference is Fun” is the word “passionate.” Over the years, this word has grown to mean many different things but one trait of passionate I feel contains many different facets is “you are willing and excited to work with your teammates.” In this description, I think of the creativity that comes from this trait, the types of things that come from having passion for working with your teams.

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Culture Updates

Pegasus Core Value #5: It's Not for Everyone, It's Only for the Best

What comes to mind when you hear the word “best”?  Optimum, first, greatest, and unsurpassed are all synonyms.  I like the definition “the highest degree of competence, inspiration, or effort.”  We all like to think of ourselves in those terms as well as surround ourselves with people or things that are the best or take actions we believe will deliver the best outcome. 

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Industry Updates/News

The discussion on the U.S. / China trade war and its effects on the industry continues. Part 4 of 5.

Continuing the discussion about the more than 50 global companies have announced plans to relocate their manufacturing and production facilities as a result of the trade war between the US and China. This is in addition to the number of major corporations already moving out prior to 2017 due to rising costs and supply chain uncertainty. Many companies chose to absorb the tariffs, share costs with suppliers and customers, and take a “wait and see” position during early trade negotiations. Now 42% of companies are expecting to source materials from different regions in the next year, and 25% are redirecting investment out of China. Most manufacturers are planning to shift partial operations outside of China rather than remove all their processes.

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Culture Updates  |  Insider  |  Meet the Family

PDP Perspective: Sebastian Wever on the importance of skills that can't be taught.

The talent shortage in the supply chain and logistics industry is not NEW news. The multiple factors that have contributed to this steady decline had been expected and have come to fruition over the past few years. As a PDP (Peer Development Program) at Pegasus Logistics Group, I have a different perspective on what has attracted me to the industry, as a whole, and this company, specifically. The factors that have been listed as reasons for the talent shortage include topics like: baby boomers are reaching retiring age, a general shortage in supply chain education, and, lastly, the supply chain industry has the perception of being boring. Of all the factors that make the most sense to me is the image problem supply chain seems to have.

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Industry Updates/News

The discussion on the U.S. / China trade war and its effects on the industry continues. Part 3 of 5.

In the past year, more than 50 global companies have announced plans to relocate their manufacturing and production facilities as a result of the trade war between the US and China. This is in addition to the number of major corporations already moving out prior to 2017 due to rising costs and supply chain uncertainty. Many companies chose to absorb the tariffs, share costs with suppliers and customers, and take a “wait and see” position during early trade negotiations. Now 42% of companies are expecting to source materials from different regions in the next year, and 25% are redirecting investment out of China. Most manufacturers are planning to shift partial operations outside of China rather than remove all their processes.

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Industry Updates/News

Market Analysis: So Goes Consumer Spending, So Goes the Economy... and Logistics

Since transportation volumes and logistics activity are directly related to economic activity, particularly retail trade and manufacturing volumes, a quick review of both are warranted given the recent trends in freight volumes. Despite decreased rail, truck, and air volumes since the start of 2019, the economy has continued to grow although at modest levels. Much of this growth can be attributed to continued consumer spending and low unemployment. However, the manufacturing sector is beginning to also send warning signals of a possible recession that have already impacted transportation volumes and could impact consumer spending in 2020.

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Blog Feature

Pegasus Logistics VP of Central Sales, Daniel Medalie, asks the question: WHAT DO YOU WANT?

What’s the toughest question you’ve received in your work-life recently? The most perplexing questions are often the most straight-forward. Imagine someone asks you a basic, but poignant question, “What do you want?” “Well? What do I want?” “What did I want?” “What am I trying to accomplish?” These are tough questions when you stop for a moment and think about them. People don’t always stop to think about what they really want when they are working to accomplish something. Think about the last conflict you had – whether workplace or at home. If you had stopped and thought about what you wanted, would that have helped you achieve the desired outcome? What do you want? The question can be interpreted in various ways….

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Company Updates  |  Industry Updates/News  |  Insider

Understanding the impact of on-time percentages

All too often I’m asked, what is your on-time percentage as an organization? I consistently respond, “We pursue business where one failure is too many!” This means by the time we’re reviewing on-time percentages it could be too late! We challenge all stakeholders within Pegasus to understand the true impact of failure for all our clients. Not having a detailed understanding could lead to poor decision making and, quite frankly, less commitment to mitigate risk at all costs. It’s critical we all understand the consequences of failure and how we can support limited disruptions.

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Industry Updates/News

The discussion on the U.S. / China trade war and its effects on the industry continues. Part 2 of 5.

  United States President Trump’s goal with the industry specific and China specific tariffs was to encourage consumers to buy American products, stimulate manufacturing and production jobs in the US, and even out the trade deficit. In the first six months of 2019 US imports from China fell 12% and US exports to China fell 19%. While imports from other Asian countries climbed, Mexico prevailed as the largest US trading partner since 2005.

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Company Updates  |  Industry Updates/News  |  Insider

Profitability of Trade Shows

Trade shows and exhibitions are traditional marketing strategies used to showcase a company’s goods and to network with decision makers in their industry. Statistics show that 81% of attendees have buying power and spend an estimated 8.3 hours on the show floor. Additionally, 45% of attendees attend only one event per year looking for new products and services. This means that the opportunity to win new business and capture leads with purchasing authority is high!

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Industry Updates/News

Market Analysis: Transportation Volumes - Harbinger or a Recession?

Transportation and freight volumes have traditionally served as a leading indicator of economic activity. Freight volumes, particularly those in rail, began to fall in late 2007 and signaled the oncoming great recession. Another drop in 2016 signaled a manufacturing recession that was masked by the overall strength of the economy. As a result, the recent downward trends in freight volumes have been of particular concern.  

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Blog Feature

Culture Updates

Pegasus Core Value #3: Looking at Tomorrow Today

Living and understanding our core values is critical to maintaining a strong company culture. Looking at tomorrow today is as relevant as it was over 20 years ago when Ken aligned to our core values. In order to deliver opportunity to all stakeholders, we must be always looking ahead to secure prosperity for the long haul. I’ll touch below on a few adjectives that highlight this value:

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Blog Feature

Industry Updates/News

Pegasus Logistics Group on the U.S. / China trade war and its effects on the industry. Part 1 of 5.

INTRODUCTION: The United States and China have been ramping up to a trade war over the last 10 years due to the rising trade deficits since 2008. In the year 2018, the US imported $540B goods from China, with the largest imports coming from computers, cell phones, apparel, and footwear. Meanwhile, the US exports to China only reached $120B, with the largest exports being commercial aircraft, soybeans, and automobiles. This resulted is a $420B trade deficit and 28% of the US public debt to foreign countries being controlled by China. International trade tensions escalated in early 2018 when the US implemented a 30% tariff on all solar panel imports (excluding Canada). China saw this as a direct threat to their economy as they are the number one producer of solar panels in the world. Additionally, the US quickly initiated a 20% tariff on washing machine imports, a 25% tariff on steel imports (excluding Argentina, Australia, and Brazil), and a 10% tariff on aluminum imports (excluding Argentina and Australia). In response, China enacted an export tariff ranging from 15 to 25% on 128 products. This accelerated the timelines of both countries and by July 6th, 2018 a trade war was in full effect with both countries charging a 25% tariff on their first list of products. Since then, a second round of tariffs for both countries went into effect on August 23rd, 2018, and a third round of tariffs for both countries was in effect by September 24th, 2018. Following the third round of tariffs, the US and China agreed to a 90-day temporary truce that would allow for trade negotiations to begin. China reverted automobile tariffs back to its standard 15% tax, resumed purchasing agricultural products, and agreed to limit its production and distribution of the drug Fentanyl. Initially, negotiations were gaining traction and the truce was extended indefinitely. However, talks met a standstill in May 2019 when President Trump announced an increase to the third round of tariffs from 10% to 25%. Once more China retaliates to the increase by increasing their third round of tariffs ranging from 5 to 15% per category effective June 2019. Another aspect of the trade war to consider is the US Department of Commerce’s list of 85 Chinese entities that US companies are banned from selling to without government permission. The list includes Huawei Technologies, a multinational technology company that provides telecommunications equipment and sells consumer electronics, and its affiliates. China announced the creation of its own “unreliable entities” list but has yet to release it to the public. Presently, the total US tariffs in effect exclusively to Chinese goods is $250B, and the total Chinese tariffs applied exclusively to US goods is $110B. CURRENT STATUS: As of August 1st, 2019, President Trump announced a fourth round of tariffs will go into effect on September 1st, 2019 due to the lack of cooperation and commitment from the Chinese government. This round of tariffs is set to cover the remaining $300B of consumer goods. On Monday August 5th, 2019, China retaliated with a dangerous form of trade protectionism known as currency manipulation. The Yuan, China’s national currency, has dropped to its weakest level in a decade. China has also mandated all state-owned companies to stop purchases of US agriculture products, specifically soybeans. The deliberate devaluing of the national currency is defensive measure that could start a currency war. This decision has made Chinese goods cheaper for overseas buyers, something that is necessary now that their largest exporter has imposed tariffs on practically all goods. The declining value of the Yuan is set on a fixed exchange rate, meaning its value is tied to another currency. Unfortunately, the Yuan is heavily linked to the US dollar due to the 1944 Bretton Woods Agreement that named the US dollar the world’s reserve currency. Additionally, the Yuan’s value is determined by the Communist Party who controls the Central Bank and all critical business in China. Fluctuations in the Yuan allow China to keep export prices low compared to its competitors. This kind of currency management system ensures that the US remains the largest trading partner.

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Culture Updates

Pegasus Core Value #1: Fanatical and Passionate about Customer Satisfaction

Fanatical and Passionate about customer satisfaction is clearly one of my favorite core values.  Maybe it’s the sales slant in me, but it’s difficult to argue that taking care of our customers is not mission critical to our success. A great passion to serve fuels our growth which in turn helps support many of our the great things we invest in.  Being obsessive and enthusiastic about our clients is something we should live and breathe every day!  Raving fan customers deliver more opportunity to all stakeholders. 

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Industry Updates/News

Market Analysis: Driver Shortage and the Economy

 

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Industry Updates/News

Common Sense Information Security

The role of IT security professionals is to diligently work to reduce the exposure of corporate assets to cyber criminals. These methods range from the simplicity of locking workstations while an employee is away from their desk to utilizing artificial intelligence that interprets Internet traffic anomalies. Following a common sense approach to information security can significantly reduce the potential for loss due to cybercrime. This short article will focus on two methods to help reduce risk exposure.

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Blog Feature

Industry Updates/News

Market Analysis: Trade Tariffs & Transportation

In addition to weather, trade and tariffs have had an effect on transportation volumes and a softening of the transportation market in the first quarter and into the second quarter. In anticipation of tariff hikes, manufacturers and distributors pulled requirements forward into 4Q 2018.

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Blog Feature

Industry Updates/News

First Quarter 2019: A "Mixed Bag" of Economic and Logistics Indicators

The leading economic indicators for the first quarter of this year reflect a growing US economy but at a slower rate of growth than experienced in 2018.  A widely used barometer of economic activity, The Conference Board’s Leading Economic Index® has been falling since October but showed a slight increase (0.2%) in February to 111.5.  The Conference Board attributes the improvement to a rebound in stock prices and the Federal Reserve signaling that it will postpone planned rate hikes.

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Blog Feature

Culture Updates

Prioritizing Our People

Insight from Pegasus' Director of Talent Engagement, Candice Gouge, on maintaining top talent in the workplace.  

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Insider

The Upside of Not Being Everything to Everyone

While many firms try to be everything to everyone, Pegasus Logistics maintains a firm commitment to securely and efficiently move what they call “Shipments of Consequence”. These are shipments in which “the impact of failure to our client, or our client’s client, are severe,” says Heath Shoemaker, Pegasus’ Chief Operating Officer.

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Cost Savings with Sustainable Packaging

How much do you spend each year on sending empty boxes to your customers? If you don’t control the size and shape of your outgoing packages, you may be spending more than you think. Package dimensions play both a direct and indirect role in the total cost of shipping, so if you have a lot of empty space inside your packages, you’re potentially paying for that space too. So, in effect, you might be paying to ship nothing but air to your customers. And that’s not all – there are several other ways in which you could also be losing out.

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Blog Feature

4 Factors to Consider when Choosing a Life Science Supply Chain

Zero: that’s the amount of failure you can tolerate in a life science supply chain solution. Whether it’s transporting a life-saving drug or managing a sensitive distribution of samples, you need a partner that can guarantee your deliveries will arrive safely, on time and be placed in the hands of the intended recipient. Finding a supply chain solution partner isn’t always easy. You need to find people with expertise, the right infrastructure and an understanding of the difficulties involved in transporting biopharmaceuticals. You also need to find a true partner – a company that will communicate with you and offer visibility throughout the entire process. When searching for the right supply chain solution, there are four key things to consider: 

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Blog Feature

Exploring Life Science Supply Chain Management

Technology has created incredible opportunities in the world of life science supply chain management. But with that opportunity comes a new set of responsibilities and client expectations. Over $260 billion in biopharma sales are dependent on cold chain logistics, according to the most recent report on the subject by the US Chamber of Commerce. Spending on cold chain logistics is already over $10 billion and is expected to grow to $13 billion by 2019. Improved supply chain management allows for lower transportation costs, better visibility throughout the transportation process, reduced waste and theft, and better quality management. And in the world of life sciences, quality is everything.

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Managing the Final Mile Delivery

Of all the steps in an outbound logistics management process, only one step really matters. That's the last step, when the end customer gets the delivery into their hands. The customer doesn't care about any other details of the journey. They're not interested in your efficiency metrics or your sophisticated tracking techniques. They only care about getting their delivery on time and in perfect condition. Nobody wants their entire fulfilment process to fall at the last hurdle. That's why final mile delivery has become an increasingly important focus for logistics companies.

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Industry Updates/News

4 Logistics Planning Causes of 2017’s Transportation Capacity Crisis

Late September of 2017 brought on the Capacity Crisis for truckload providers, and by proximity, a crisis for any business reliant on this logistics planning link in their supply chain. According to Transport Topics, “By mid-October, DAT reported the van load-to-truck ratio hit 7.0 loads per truck—the ‘highest ever recorded’ in DAT Trendlines—a study that began in 2010.”

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Shipping Logistics Has Evolved: Time To Get Your Boss’ Buy-In

From demand to last-mile delivery, shipping logistics is a complex, hairy beast and has only gotten bigger and badder as modernization (e-commerce, cloud-based records and communications) has largely dictated where the industry is going. Although rapidly evolving with certain obstacles that seem too difficult to overcome, the truth is there are highly valuable opportunities within these new challenges.

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3 Things to Consider When Effectively Managing an Aerospace Supply Chain

In 1903, the Wright Brothers initial aircraft – Flyer 1 – was comprised of, give or take, a dozen parts. It had the basics, wings, rudders, propellers, a fuselage (that term is to be applied loosely if we’re judging by today’s standards), an engine, etc. You get the point…Though I cannot speak definitively on where each of those parts were sourced, I’ll make the safe assumption that they were products of US manufacturing (since the primary material was Spruce wood). For the Wright Brothers, the primary concern was actually flying.

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Building a Trustworthy Network

Long have supply-chain professionals debated the advantages of the non-asset-based model over the asset-based model of logistics suppliers. Those in favor of the asset model argue that asset-based carriers can take over their clients’ supply chains by acting as a one-stop-shop for all their transportation and warehousing needs while lowering costs. However, proponents of the asset-light approach would say that customization and flexibility are lost in a rigid network where trucks must be filled regardless of service requirements. At Pegasus, our ideal clients need a flexible network that can scale capacity and meet stringent service requirements at a moment’s notice. To thrive in such an environment of chaos and constantly exceed expectations, Pegasus and our clients rely on a large, flexible, and trustworthy network of partners.

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Things to Consider When Selecting the Right Freight Forwarder

Finding the right provider in today’s world of complex supply chains is far more difficult than it used to be. Simple metrics such as on-time performance, billing accuracy, claims ratios and competitive pricing are now table stakes in today’s world of logistics. We’ve polled some of our valued clients and industry experts over the past year for some sound advice when searching for that right partner. Today’s focus will be specific to supply chain challenges that require a “High Touch” mission critical mindset. Is your forwarder helping you reduce risk, facilitate growth and enhancing your brand?

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Technology and its Impact on the Supply Chain

The logistics and supply chain world is constantly transformed by innovation and new technology. This transformation causes customers to have higher expectations and greater needs. Logistics providers are doing anything they can to stand out from their competition, and technological capabilities are certainly a differentiator in the industry. Clients need a true partner who can deliver the high-touch, custom-tailored transportation model while utilizing technology to transfer information and data quickly. Logistics providers today must be able to maintain total visibility through superior technology and user-friendly integrations, allowing their customers to be a step ahead in their industry.

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The Profit from Investing in Your People

Since its launch in 1994, Pegasus Logistics Group has focused on developing a vibrant culture that enables employees to seize the initiative and reach their potential, to work hard and have fun, and to use their skills for a purpose that’s bigger than themselves. “Our culture is the backbone of who we are,” says Ken Beam, Pegasus’ owner and founder. In 2016, Pegasus was named one of the Best Places to Work by Dallas Business Journal.

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Blog Feature

5 Critical Things to Consider for any Project Rollout

New product launches, store refreshes or displays for a large marketing campaign can be game changers for your organization. Taking large volumes to market across thousands of retail locations is no doubt exciting, chaotic, and challenging. Time constraints compound the complexity of coordinating across multiple delivery locations, managing installations and in some cases multiple shipper locations. Especially for companies who are undertaking multiple projects simultaneously, partnering with the right logistics provider can turn these difficult endeavors into simple affairs. A true logistics partner understands your needs and is prepared to manage the inevitable challenges of delivering a cost-effective, claims-free solution without interrupting your day-to-day operations.

Read More

Blog Feature

Miami: The Gateway to LATAM

As a major waypoint for trade between the United States and Latin America, Miami is home to many experienced freight forwarders. Finding the right logistics partner is a significant piece of the seamless supply chain puzzle. The Miami gateway impacts the raw material flow into LATAM manufacturing plants, exports of US manufactured goods southbound and imports from LATAM moving back into the US.

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Blog Feature

The “No’s and Knows” of Asian Importing

Asia imports can create some unique operational and customs related challenges. We all know the deadline is usually “As soon as possible!”. Let’s focus on areas that can eliminate some of the painful issues associated with Asia imports.

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Blog Feature

3 Things to Consider when Preparing for Trade Shows

Did you know that over 80% of trade show attendees have buying authority? Did you know that 92% of attendees are looking for new products? Statistics like these show why trade shows are crucial in driving your company’s success. The opportunity to win new business and capture leads from prospects with decision making power is huge!

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