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

Blog Feature

Industry Updates/News  |  Insider

Importing PPE and Other Medical Supplies During COVID-19

The COVID-19 pandemic has taken a toll on everyone worldwide. The impact of coronavirus has been profound economically, emotionally, politically, and within the medical industry. It has changed everything from the very basic principle of how we greet each other to the more challenging changes we have seen in complex supply chains and product shortages. Supply and demand have shifted in many different industries and many of our clients at Pegasus have adapted their production lines to assist in the battle against COVID-19 and begun manufacturing PPE, Personal Protective Equipment.

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Blog Feature

Culture Updates  |  Insider

How to Stand Out Online: 6 Virtual Career Fair Tips

Kickstart the search for a career… and now, throw a world pandemic into that process.   With the surge of coronavirus cases, many universities are adjusting their career fairs to a virtual setting. Even with all the change that comes with shifting from in-person to virtual, the goal of these career fairs remains the same: we want to attract and acquire skilled students to meet our organizational needs. These career fairs are similar to Microsoft Teams or Zoom breakout rooms where candidates rotate through rooms of the companies in attendance. They are fast paced with set time parameters before candidates are moved to different breakout rooms. Candidates and recruiters are up against the clock. If there has ever been a time to perfect your “elevator pitch,” now is the time!   As a recruiter and employer looking for people to join our Pegasus Family, we wanted to offer some tips for college graduates attending virtual career fairs.

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Blog Feature

Culture Updates  |  Insider

Avoid Becoming 'The Voice'

In a time that has forced the majority of the workforce to work from home, we are now led with the charge to engage and lead our teams virtually. One-to-ones, team meetings, and even social events are all held remotely and virtually. With this change, people can quickly lose their persona over the phone or video calls, and relationships can be more difficult to maintain. Even worse, if you are a leader in your organization, like me, we can become a “voice” rather than an individual.

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Blog Feature

Culture Updates  |  Insider  |  Meet the Family

Our Culture of Learning and Development

There is a sense of priority when it comes to Pegasus’ culture of learning. It is not a “buzz word” or a “flavor of the month” but instead, it is part of the roots that make up our organization. Recently, one of our executives, Hiram Hartnett, Executive Vice President of Sales, was interviewed by Inbound Logistics regarding “companies that invest in ongoing education, innovation, and research…” It shows that companies are investing in innovation to creatively adapt to the needs of their customers and stakeholders. One of our favorite stakeholders, and one that Hiram spoke to, is our people! When we provide our team members with educational resources and opportunities, the return is monumental. We must invest in them, prioritize them, and listen to their needs.

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Blog Feature

Industry Updates/News

Cybersecurity 101: Protecting Yourself During COVID-19

Since the start of the global coronavirus outbreak, there has been a spike in cyber-attacks and therefore we must be extra vigilant. IT security professionals have been working to diligently reduce the exposure of corporate assets to cybercriminals. 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 commonsense approach to information security can significantly reduce the potential for loss due to cybercrime. Just like following the guidance of health professionals to help protect yourself and others against COVID-19, these three tips can help you stay protected against the cybercriminals during this time.

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Blog Feature

Culture Updates  |  Insider  |  Meet the Family

PDP Perspective: Adriana Sosa-Wade on the Importance of Adaptability

“It is not the strongest of the species that survives, nor the most intelligent. It is the one that is most adaptable to change.” This is a quote that I have been taught since I was a young girl. Often, we do not take the time to pause and to analyze the true meaning behind messages such as these. Adaptability is defined as the ability to recalibrate and adjust to the ever-changing circumstances; to be better, faster, and stronger in a new situation. It is the difference between changing to endure and barely getting by versus adapting to win and enjoying the journey. The need for adaptability has never been greater than right now. Often, the ability to adapt to changes is a defining characteristic between success and failure. In the fast-paced, ever-changing workplace of today, adaptability is a crucial skill for anyone looking to pioneer a successful career path.

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Company Updates  |  Insider

Failure is Not an Option

With all the uncertainty in the supply chain world right now, there is always one constant we can rely on: service is key. At Pegasus Logistics Group, we seek to identify and measure service in new and deeper ways than traditional on-time metrics. Of course, we still measure on-time percentage, but more as a vindication that our efforts are paying off than an indicator of performance. In 2020, we have achieved our strongest service metrics yet and we are committed to continuing our pursuit of the perfect customer experience.

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Blog Feature

Company Updates  |  Insider

China +1 Strategies: Sourcing Opportunities in Southeast Asia

With the rise of COVID-19 impacting all our lives, the first half of 2020 has been six months like none other in history. Ultimately, the coronavirus has caused many of us to completely rethink our lives and how we interact with our loved ones. For those fortunate enough to still be employed, it has challenged us to communicate with our customers, suppliers, and co-workers in different ways than ever before.

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Blog Feature

Industry Updates/News

The Future of Logistics

There is absolutely no doubt that the COVID-19 pandemic has changed the landscape of our economy, especially the logistics industry. Before the pandemic began, our logistics network in the United States was strong and growing at a fast rate. Trucking, especially LTL, has been robust while truckload began to slow down.

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Blog Feature

Company Updates  |  Insider

Build Resilience Through Business Continuity Planning

There’s not a single business owner or CEO that doesn’t spend at least a portion of their time considering risks to their company. Those risks can include financial crises, natural disasters, cyber threats, civil unrest, trade agreements/restrictions, and even war. For many organizations, 2020 has shined a spotlight on just how critical planning for the unknown can be.

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Blog Feature

Culture Updates  |  Insider  |  Meet the Family

PDP Perspective: Giles Ufer on the Importance of Culture in the Workplace

Searching for a company that holds goals and values that align with yours is a task I knew was important to me while I was interviewing for a post-college graduation career. I made it a goal of mine to land at a company that valued culture, encouraged employee growth and development, and had good pay and benefits. While salary may be straightforward, company culture was a harder trait that was not necessarily proved in the first interview. This was the type of thing that had to be experienced, the aspect of a company that couldn’t be fully understood until you were in the midst of it. 

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Blog Feature

Industry Updates/News  |  Insider

The Transition from China to Mexico: Electronics Manufacturing

Over the course of the last several years, China has experienced structural challenges that have impacted its ability to compete in global markets. Between rising labor costs, expensive raw materials, and pricey industrial real estate, China’s manufacturing base has found itself in competitive struggles with countries that include Malaysia, Vietnam, and Mexico. With so much strain on Chinese supply chains, many companies are looking to Mexico as an option for both the purchase and sale of goods. Bolstered by a newly signed US-Mexico-Canada Agreement, US-based companies are finding that there are many advantages to doing business in Mexico, including a strong industrial base, competitive landed costs, shorter lead times, easier travel, and parallel time zones.

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Company Updates  |  Insider

Selecting the Right Provider During a Crisis

Amid unpredictable times, we have never seen such an intense focus from the media and economists regarding the dire need to strengthen supply chain operations. Loading your bench with reliable and flexible logistics partners is critical in this environment and should be at the forefront of each supply chain leader’s mind.

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Industry Updates/News  |  Insider

Embracing the "New Normal"

At the beginning of 2020, the economy was at a historic high.  Revenues were up everywhere from car sales to telecommunication development.  College students planning to graduate and enter the workforce were darlings of the economy. Graduates had their pick of options, with companies tripping over each other to entice the next great minds entering the workforce. 

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Insider

Adjusting with the Times and Shaping the Future of Business

The way we live our lives and how we conduct our day-to-day business has been changed dramatically due to the extreme times we are living in. As we all know by now, numerous challenges have risen in an extremely short period of time forcing companies to question what must be done to keep the business running smoothly. While it is crucial for businesses to be resilient and adapt to new challenges, it is equally important to take a step back, whenever possible, and look at the benefits and opportunities that have presented themselves as a result of this situation.

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Company Updates  |  Industry Updates/News

Pegasus and Our Stakeholders are Working to Flatten the Curve

As uncertainty across the world grows along with this pandemic, the one constant, unfortunately, is chaos. Pegasus prides itself on navigating customers’ chaos by remaining calm through their perceived storms. Amidst the COVID-19 upheaval, a consistent presence has been our partners, who have implemented creative and effective tactics to keep our customers safe.

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Company Updates  |  Industry Updates/News

3 Techniques to Mitigate Supply Chain Risk

Our prospective clients often bring up the question, “How do you ‘make it right’ if and/or when service failures happen?” Clients usually point out that mitigating risk is even more important than fixing a service failure. Acknowledging an issue is critical, but the way Pegasus proactively manages the business to avoid issues, such as SLA failures, manufacturing down time, lost sales or delayed event materials, is game-changing. We all know our client relationships would be short lived if we didn't meet or exceed expectations, and the costs associated with severed partnerships are far too high for all involved parties.

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Blog Feature

Industry Updates/News

Staying Sane While Working From Home

We can all agree that the idea of working from home sounds tempting at first, but in reality, it can be challenging. Although there are many pros to working from home, one of the biggest challenges for many is not being able to interact face to face with co-workers or customers. Being a company that values our culture above everything else we have tried to find ways to keep our employees engaged and excited to learn in a time of uncertainty. Our learning and development team recently hosted a lunch n’ learn to dig deeper into this topic. In this blog post, we will explore 4 key strategies to best utilize this time at home and reveal useful tips to keep your sanity in tack.

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Blog Feature

Industry Updates/News

Supply Chain Problems: Plenty of Vegetables, Not Enough Toilet Paper

  As we all try to adapt to a new lifestyle during the COVID-19 crisis, the amount of “hoarding” that is taking place is unprecedented and was not anticipated. When customers shift behaviors and start stocking up on the basics, it sends shock waves through the nation’s supply chain. Never in history have we experienced such an increase in demand; the supply chain cannot keep up.

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Blog Feature

Culture Updates  |  Insider

Keeping a Positive Outlook in an Uncertain Time

The COVID-19 pandemic has caused millions of Americans to work from home, many of these individuals are working from home for the first time ever. Sports and other forms of entertainment have been indefinitely postponed. Churches are shut down and services are being livestreamed. If that doesn’t illustrate the paralyzing state that the country is in, we don’t know what does.   While it is hard not to focus on the negatives from this crisis… this time is also filled with many positives. To help change your perspective during this chaotic and stressful time, our VP of Central Sales, Daniel Medalie, gives the following advice to see the advantages of this time at home:

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Blog Feature

Industry Updates/News  |  Insider

5 Things to Consider for Any Critical Distribution

Taking large volumes to market across thousands of locations is no doubt chaotic, and challenging. In our current situation, this very much applies to mass rollouts of emergency supplies. Right now, stress is at an all-time high. Overnight, necessities, such as water, have turned into an expedited situation. Suddenly, record amounts of consumers are flocking to stores and clearing out stock almost as soon as it goes on the shelves. Networks are strained due to the number of people now working from home. Telecom and IT companies are trying to boost capacity, which becomes even more complex with installations and merge-in-transit thrown into the mix. Lastly, when you compound the remote workforce with safe space initiatives, it escalates the chaos.

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Company Updates  |  Industry Updates/News

“All Freight Forwarders are the Same”

Recently on a sales call, the client expressed an opinion that “all freight forwarders are the same.”  After hearing this, it immediately became my goal to disprove this theory. Having spent my entire career in logistics, I know that statement just isn’t true. It is increasingly important for small and mid-size forwarders to create ways to set themselves apart in this competitive and growing industry. At Pegasus Logistics Group, we strive to be different and disprove this theory in our transportation network, sales and customer service teams, implementation and onboarding processes, and client and partner relationships.

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Insider

Maintaining a Defined Focus

While many companies try to be everything to everyone, Pegasus Logistics maintains a firm commitment to securely and efficiently moving what we 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’ EVP of Solutions. One example of a “shipment of consequence” is handling products that are considered expensive, such as high value electronics or medical devices. Another example is shipments that include items that may have a lower intrinsic value but are needed to meet a production schedule or to launch a new product on time. “They are products in which the consequence of non-delivery is greater than the value of the product being moved,” says Dennis Stanley, Vice President of Business Development. “It has serious implications for their company.”

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Company Updates  |  Industry Updates/News  |  Insider

Technological Differentiators in Logistics and Supply Chain

The modern world of logistics and supply chain is under constant pressure to innovate and take advantage of evolving technologies. As customer expectations change, logistics providers are faced with the choice between focusing their efforts on new technologies or being left behind. Shippers need a true partner who can deliver high-touch transportation, while utilizing a custom approach and the latest technology to provide a one of a kind experience. Logistics providers must be prepared to offer modern solutions, such as real-time supply chain visibility, data analytics and predictive modeling, full business-to-business integration, and awareness of other burgeoning technologies.

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Company Updates  |  Industry Updates/News  |  Insider

Your Medical Equipment Logistics Guide

As mentioned in our blog by VP of Sales East Region, Georgia Mejia, “Medical Device Logistics: Answering the Challenges,” the medical device industry remains positioned for growth. There are millions of surgeries every year and even more patients that undergo examinations and procedures that require medical equipment. An ineffective logistics stream can not only stack up unnecessary costs but, most importantly, it can directly affect our healthcare system.  

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Company Updates  |  Industry Updates/News  |  Insider

Managing Complexity in the Aerospace Supply Chain

In 1903, the Wright Brothers' initial aircraft – Flyer 1 – was comprised of approximately a dozen parts. It had the basics like the wings, rudders, propellers, a fuselage, an engine, etc. Though I cannot speak definitively on where each of those parts was 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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Company Updates  |  Industry Updates/News  |  Insider

Medical Device Logistics: Answering the Challenges

The US is the largest medical device market in the world, making up approximately 43% of the global market for medical devices. Select USA estimated the market was valued at $155 billion in 2017, with more than 6,300 medical device companies operating in the US. According to ResearchAndMarkets.com, the global medical device market is set to surpass $400 billion by 2023, with a compound rate of 4.5%.

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Company Updates  |  Industry Updates/News  |  Insider

Pegasus Industry Update: Potential Coronavirus Impact to Supply Chain

As the coronavirus gains more traction worldwide, with confirmed cases in more than 24 countries, businesses in all industries are experiencing disruption and restrictions within their supply chains. The economic impacts of these restrictions are likely to continue beyond the containment of the health crisis. To help our clients and partners understand the impact on their business, we have put together a few pertinent points of information.

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Company Updates  |  Industry Updates/News  |  Insider

The World of Life Science Supply Chain

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. According to the 10th Edition of Biopharma Cold Chain Sourcebook, the 2017-2023 growth rate for all pharma sales is 33%, while that for cold chain products specifically is 59%. Meaning the global biopharma industry collectively spent over $15 billion to ship temperature-controlled products in 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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Blog Feature

Final Mile Management

When it comes to managing the final mile whether it's a time-specific delivery, medical equipment and high-tech equipment products, things can get difficult in a hurry if you and/or your provider are not proactive about the process. Inattention to detail and lack of experience can lead to higher costs, damages, and failure to meet client expectations. Here are a few tools you should be utilizing to ensure that final mile leaves your client wanting more.  

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Blog Feature

The Importance of 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 that promote the fixed network claim better control and no limited capacity.  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. In today's environment, we're seeing companies pull back on capacity.  Just in the last two weeks some major players in the market either exited wet lease agreements or are reducing capacity.  Under those difficult circumstances, it's evident asset utilization becomes priority one to control costs.  Not the ideal for a service-driven model. 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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Blog Feature

Company Updates  |  Culture Updates

It's the end of a decade... Are you ready to attack the next one?

The end of a decade. Repeat that to yourself. The…end…of…a…decade. Think all the way back to 2010 - what’s changed? That’s a laughable question. Maybe the question is what hasn’t changed?

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Industry Updates/News

Market Analysis: The Effect of the Contraction in US Manufacturing on Less-Than-Truckload (LTL) and Rail Volumes

Despite a stock market hitting record highs and strong consumer confidence, some transportation and logistics sectors continue to experience flat or declining freight volumes.  While consumer goods continue to enjoy strong demand due to the lowest levels of unemployment in 50 years, the manufacturing sector continues to contract.  Transportation segments such as less-than truckload and rail carriers have experienced lower freight volumes as a result.

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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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Blog Feature

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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Blog Feature

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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Blog Feature

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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Blog Feature

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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Blog Feature

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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Blog Feature

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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Blog Feature

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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Blog Feature

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.

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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.

Read More

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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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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Blog Feature

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.

Read More

Blog Feature

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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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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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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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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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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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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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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