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October 15 2018

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October 15 2018 | The Journal of Commerce 51 www.joc.com Surface Transportation STATEMENT OF OWNERSHIP MANAGEMENT AND CIRCULATION (Required by 39 U.S.C. 3685) Average No. Copies 12. Extent and Nature Each Issue During of Circulation Preceding 12 months Actual Number of Copies of Single Issue Published Nearest to Filing Date 9/3/2018 A. Total No. copies printed (Net Press Run) 6,405 7,780 B. Paid and/or requested circulation 1. Sales through dealers and carriers, street vendors and counter sales 404 996 2. Mail subscriptions 3,867 3,316 C. Total paid and/or requested circulation (Sum of B1 and B2) 4,271 4,312 E. Total free distribution by mail, carrier or other means; samples, compli- mentary, and other free copies 2,019 3,403 F. Total distribution (Sum of C and E) 6,290 7,715 G. Copies not distributed 1.Office use, left-over, unaccounted, spoiled after printing 115 65 H. Total (Sum of F & G – should equal net press run shown in A) 6,405 7,780 13. I c ertify that the statements made by me above are correct and complete. Signed: Carmen Verenna, Manager, Production NOTE: This required postal form does not include the additional distribution of digital editions of The Journal of Commerce magazine. 1. Title of publication: The Journal of Commerce. 2. Publication No.: 1530-7557. 3. Date of filing: September 28, 2018 4. Frequency of issue: Bi-Weekly. 5. No. of issues published annually: 25 6. Annual subscription price: $595.00 7. Location of known office of publication: 450 W 33RD ST FL 5, 9. Names and addresses of Publisher and Editor are: Publisher: Tony Stein, JOC Group Inc., 450 W 33RD ST FL 5, NEW YORK, NY 10001; Editor: Mark Szakonyi JOC Group Inc.,1875 K St NW STE 400, Washington, DC 20006;Managing Editor Barbara Wyker,JOC Group Inc., 450 W 33RD ST FL 5, NEW YORK, NY 10001 10. Owner is: IHS Markit 321 Inverness Drive South, Englewood, CO 80112 11. Known bondholders, mortgages, and other security holders owning or holding 1 percent or more of total amount of bonds, mortgages or other securities are: None. N E W Y O R K , N Y 1 0 0 0 1 8. Location of the headquarters or general business office is: IHSMARKIT, 321 Inverness Drive South, Englewood, CO 80112 Of the more than 47 million parcels shipped on an average day, 95 percent are tendered via electronic manifests, accord- ing to Jindel, whose ShipMatrix service at SJ Consulting Group tracks parcel activity. The LTL industry, in contrast, handles about 40 million electronic bills of lading in an entire year, about 25 percent of their total, Jindel said. "Fifty percent of errors result from the transfer of data from paper (bills of lading) to electronic systems," Jindel said. "If ship- pers aren't getting an electronic (bill of lad- ing) from their carriers, they should demand it. Once they embrace it, they'll wonder why hopes to double the bills of lading Pitt Ohio receives electronically within six months. "This is one of the most promising areas where shippers can help LTL carriers." But change isn't easy, especially when it involves something as venerable and as critical to any transportation transaction as the bill of lading, which is much more than a list or receipt for goods shipped. It's a legally binding contract between shipper and carrier and stands as such in court. It can be a document of title to the goods. Its use in shipping goes back centuries. In trucking, the bill of lading in use today can be traced back to BOL require- ments in the Motor Carrier Act of 1935, which ushered in economic regulation of trucking rates and services under the former Interstate Commerce Commission. Those were the same requirements, with the same liability for loss and damage, as imposed on railroads since the 19th century. Carriers and shippers are both part of the problem: It's typically the trucking company that issues the blank bill of lading to the shipper (though there are shipper bills of lading as well). LTL carriers have been reluctant to draw a hard line and mandate electronic transmission of data, especially when many smaller shipper customers lack transportation management systems. Stand-alone soware Smaller companies don't necessarily need a TMS to make the transition to electronic bills of lading, however. There is stand-alone software available as well as software that can be integrated into TMS and enterprise-wide financial systems. The issue isn't truly one of developing or using technology, Ralat and others said, but changing human behavior. "There's large muscle memory around this problem," Ralat said. "Something about the format of that piece of paper, people think it's magic. But that piece of paper is not doing you any good, and it's actually enabling bad behavior. We need to go to a more parcel-like experi- ence where you're using something like a barcode, where it's more like an airline registration experience." That's music to the ears of consultant Satish Jindel, who has called for not only the elimination of the bill of lading, but its automation in the LTL industry along parcel industry lines. Parcel carriers, he notes, have supplied shippers not just with software, but even computers to automate the entire package shipping process, from pickup to tracking and delivery. they hadn't done so much earlier. It will improve internal processes between their departments, including customer service." Two factors may drive quicker adoption of electronic bills of lading: rising truck- ing costs, which are up by double-digit percentages year over year and climbing; and the need for more accurate shipment data in supply chains aligned with retailers. As e-commerce expands, pressure on truck shippers to find savings through digitiza- tion will only grow. JOC email: bill.cassidy@ihsmarkit.com twitter: @willbcassidy "If we can get information electronically, and get it earlier in the day, we can build a roadmap for where we need drivers that night, based on freight flows."

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