DOT and Provide Chain Companies Launch New Knowledge Trade – Fleet Administration
By means of FLOW, DOT is serving as an “unbiased knowledge steward for contributors to alternate provide and demand data to be aggregated, anonymized, and returned for a holistic view of freight motion.”
Deborah Lockridge
Freight Logistics Optimization Works (FLOW), an initiative launched in March 2022 by the Biden Administration and provide chain corporations to develop new shared knowledge infrastructure, introduced on Might 1 that it has developed an information alternate “to pool data on items motion, together with incoming container volumes and accessible logistics gear.”
The general public-private group mentioned that such knowledge sharing throughout the provision chain trade and alongside the federal authorities has “by no means been accomplished earlier than and has huge potential for elevated collaboration that can assist enhance our provide chain and convey down prices for Individuals in the long run.”
“We’re proud to launch FLOW, the first-ever nationwide multimodal freight knowledge alternate, to extend the velocity and cut back the prices of delivery items, in partnership with dozens of provide chain corporations,” mentioned U.S. Transportation Secretary Pete Buttigieg. “This has by no means existed earlier than. However now that it’s, we’ll see advantages nationwide as items transfer extra shortly and effectively by our provide chains.”
Per FLOW management, the provision and demand imbalances of the previous two years and the ensuing “bullwhip impact,” made it difficult to take care of a fluid provide chain and preserve prices down. To higher handle these challenges, DOT is establishing a baseline knowledge infrastructure accessible to trade companions.
By means of FLOW, DOT is serving as an “unbiased knowledge steward for contributors to alternate provide and demand data to be aggregated, anonymized, and returned for a holistic view of freight motion.”
Relying on the participant, knowledge alternate could contain complete incoming container demand or accessible supply-side belongings, as measured by the supply of various belongings to maneuver items together with terminal slots, tractors, chassis, and warehouse area. Present FLOW contributors have entry to this shared mixture view, which is able to proceed to be developed additional with contributors within the coming months.
FLOW began with 18 founding members and at the moment has 53 member corporations. To study extra about FLOW, together with the best way to be a part of, go to: bts.gov/stream.
