Weekly discussion and analysis on the trends in the intermodal spot rate market. The InTek intermodal spot rate index decreased 1.6% over the prior week. For the week of September 11, 2019, domestic intermodal spot rate index: Down 1.6% from prior week. Down 4.9% from 90 days ago. Down 30.4% from prior year. Lane Stats: 7.0% increased, 44.3% decreased and 48.7% went unchanged.
Risk-taking and big changes can be daunting to any company. When a change involves the company's flow of products, which is the lifeblood of the company, the importance of choosing the correct solution and having as close to a flawless an implementation as possible is amplified several times over again.
Everything you need to know about domestic intermodal and how to be successful implementing it into your logistics strategy. Gives tips, tricks and insights on intermodal and what to watch out for when converting from truckload to intermodal.
Definition of Volume Shipment Rates Volume shipping quotes are used for LTL shipments that fall outside the normal less-than-truckload parameters, yet shipment is not large enough for a full truckload.
Definition of a Blind Shipment A blind shipment is when consignee / receiver of the shipment is not aware of the shipper or its origin.
The logistics of transporting heavy machinery and other cargo are always complex. For starters, the act of moving a piece of heavy equipment, such as a CNC machine, out of its current space is a complex feat of physics and planning. From there, the machine must be loaded onto the first mile carrier, potentially moved to a ship or cargo plane, and finally transported to its end location where it must be unloaded and set up.
Definition of FAK (Freight All Kinds) FAK is a term used within the freight and logistics industry when an LTL carrier assigns a single tariff classification for freight that would typically run under several NMFC codes.
Shipping In-Bond What is meant by shipping a commodity in-bond is the product is moving within the United States borders, but has not yet been cleared through the US Customs processes to officially enter the US government authority to be consumed by citizens or companies domiciled in the US.
What Are LTL NMFC Codes The National Motor Freight Traffic Association (NMFTA) created the National Motor Freight Classification (NMFC) tariff to classify all commodities into 18 different freight classes between 50 and 500.
InTek Freight & Logistics has been selected for the 2019 Best of Indianapolis Award in the Logistics Service category by the Indianapolis Award Program. This is the second consecutive year InTek has received this award.
Container Freight Station (CFS) Defined in 100 Words A container freight station is a distribution facility where import and export shipments are consolidated and de-consolidated.