Supply & Demand Chain Executive magazine has selected InTek Freight & Logistics President Shelli Austin among its 3rd Annual Women in Supply Chain award winners. The Women in Supply Chain award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network. This year’s list includes individuals from software and service providers, consultancies and academia, trucking and transportation firms, professional development agencies, sourcing and procurement divisions, and more, all who have helped supply chain clients and the supply chain community at large prepare to meet many of today’s—and tomorrow’s—challenges.
InTek Freight & Logistics, Inc. today announced it has successfully renewed its status with the U.S. Environmental Protection Agency’s (EPA) SmartWay® Transport Partnership. The partnership is an innovative collaboration between the EPA and environmentally responsible companies in the transportation industry. It provides a framework to assess the environmental and energy efficiency of goods movement supply chains. InTek submitted its data in support of SmartWay environmental responsibility criteria and received approval for its current data submission, renewing its partner status for another year.
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.
The term "outsource" can have justifiably negative connotations in certain situations, but when it comes to logistics, outsourcing can offer a competitive advantage businesses would otherwise miss out on. To outsource logistics means working with an expert partner to handle specific pieces of freight operations like certain routes and/or products, or under a managed transportation model having that partner handle most if not all day-to-day logistics operations - typically incorporating TMS (transportation management system) software solutions as well. It really depends on an individual business's needs. So who is that partner who can help with any or all of these logistics operations? A third party logistics company (3PL), also sometimes referred to as a logistics service provider (LSP). However you refer to them, the right 3PL will learn the ins and outs of a business and its logistics needs, then offer solutions that incorporate their own expertise, technology and freight partnerships that can not only relieve stress on the company, but also improve operations and even reduce costs.
Today, Inc. Magazine revealed that InTek Freight & Logistics is No. 1541 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. “We’re incredibly honored to be a part of the Inc. 5000 this year,” said Rick LaGore, InTek CEO. “The tremendous growth we’ve experienced is a testament to our excellent team and the many wonderful partners we work with both in Indiana and across the country.”
InTek Freight and Logistics, Inc. is proud to be listed fourth on the latest FAST 25 list from the Indianapolis Business Journal (IBJ), with 340% growth with $59.9 million in revenue. The annual FAST 25 Listing recognizes the fastest growing privately held companies in the Indianapolis area. This is InTek's second consecutive year on the list, as it came in third in 2021 - with 242% growth.
When looking into carriers and freight brokers to determine if environmental impact matters to them, whether or not they are SmartWay certified is a strong indicator. The program - founded in 2004 by the EPA - allows companies to become SmartWay certified partners through measuring, benchmarking and improving freight transportation efficiency - indicating a focus on supply chain sustainability. SmartWay certified partners can be shippers, carriers or logistics companies, while those not directly involved in freight can become affiliates. The SmartWay program includes three core elements: The SmartWay Transport Partnership - Freight & logistics companies (and affiliates) can become SmartWay certified by participating in this voluntary program, committing to reduce their environmental footprint. The SmartWay Brand - Partners can share SmartWay branding to demonstrate their commitment to sustainability, plus transport equipment featuring SmartWay Verified Technologies meets standards of efficiency which save money & fuel - reducing environmental impacts. SmartWay Global Collaboration - This collaboration harmonizes sustainability accounting methods in freight and logistics with national and global organizations as well as global policymakers. InTek Freight & Logistics is among the nearly 4,000 motor carriers and freight logistics providers who count themselves as SmartWay certified, committing to sustainable efforts.
When browsing the market for a good freight broker fit, the term surety bond is likely to come up. That's because to be a licensed freight broker in the U.S., the Federal Motor Carrier Safety Administration (FMCSA) requires a freight broker or freight forwarder maintain a $75,000 surety bond. The reason for the requirement is straight-forward enough: to show shipper and carrier clients that a freight broker will (and is able to) pay legitimate freight bills and to protect against fraud. So not only is it legally required for a freight broker to legitimately operate, it works as financially backed insurance for everyone a freight broker works with.
InTek Freight & Logistics has announced it has increased its TIA Surety Bond to $250,000, making it among less than one percent of all third party logistics providers (3PLs) to be TIA Performance Certified. The $250,000 TIA Surety Bond means that InTek has quadrupled the $75,000 legally required protection for shippers and carriers.
With the many supply chain issues facing freight and logistics today, it can be hard for businesses to see the forest for the trees. But in uncertain times, the certainty of a long-term strategy is even more important. While developing such a plan is tough for many businesses, making it a 3PL strategy (third-party logistics strategy) takes the burdensome part away. The shipper working with the right 3PL provider gets the best of both worlds, a coherent long-term vision, and responsive service when unexpected needs arise.
The advantage of transloading in today's supply chain cannot be limited to singular form. In fact, the benefits of transloading - put simply, the transfer of goods from one transportation mode to another (and often from one container to another) - can include cost savings, improved flexibility, faster shipping and more. With the caveat that every case has its own particularities, let's go over some of the general advantages of transloading: Faster customer transit times While the act of transloading does take time (think one to three days), by not limiting to one particular mode of transport, transloading allows you to take advantage of the various forms of freight transportation available to choose the fastest possible combination for your needs. Speed is also improved by other transloading efficiencies when well-planned. Flexibility for better product positioning Particularly for maritime freight, since it stops at a port for staging ahead of its next move, a shipper can shift the load based on current needs. So if a product is out of stock in one region and plentiful in another, the shipper can reprioritize the destination of the load. Distribution Center Optimization In some cases, you may not need distribution centers (aka DCs) at all, as you can group goods while transloading and ship them straight to their final destination. If DCs are still needed, at the very least, additional steps can be removed by performing a series of value-added services at the time of transload. Ability to reach more destinations This may seem obvious, but don't forget that transloading gives you options to use whichever combination of freight transportation options is best to reach a given destination. With these combinations, it also means loads can reach just about anywhere. Save container inventory, and cost Steamships are placing a premium on their maritime freight containers, with costs rising exponentially throughout 2021 partly due to supply and demand issues. By transloading at the port, you're using that container less than if it continued on over land, therefore you're paying a bit less. And as an added benefit, the container is returned to circulation faster for the next shipment. And with all the above-listed benefits out of the way, you're probably thinking, "how much?" Read on to see more about how cost factors in.