We are living in unprecedented times with the world slowly recovering from the COVID-19 global pandemic. The effects on supply chains have been felt far and wide with demand coming in different forms of consumer purchases favoring goods over services and online buying. As a result, the freight network is out of balance, and demand for trucks to move product is significantly higher than the supply motor carriers, freight brokers and logistics companies have to service the requirements, which has truckload pricing at all-time highs.
For three of the last four years, shippers have been struggling with 53’ freight capacity challenges brought on by weather disruptions, economic swings, labor shortages, equipment shortages and the COVID19 global pandemic.
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.
In the article entitled 10 Tips How to Select Best Freight Broker for Your Company we addressed the questions shippers should ask and explore before aligning with a freight broker.
The biggest constant in the freight industry is change and the freight mini-bid has become the tool of choice by logistics professionals as a way to navigate the volatility found in the dynamic freight market that thrives at the intersection of supply and demand.
Like clockwork, every 4th quarter fills freight and logistics companies email boxes with freight requests for quotes (RFP’s), but why?
Conventional wisdom for many shippers is the largest freight brokers are the logistics companies with the only keys to the trucking capacity castle.
Freight brokers play a critical role in the execution of a company’s strategic and operational strategies associated with its logistics and supply chain.
InTek Freight & Logistics hired Ray Brezden to lead its intermodal and truckload sales team. Ray comes to InTek via Piggyback Consolidators where for the last forty years he served North American intermodal and truckload shippers.
At one time or another a company shipping products will have to access the freight spot market to obtain a price and capacity to move one or more of their shipments. While the task of obtaining a quote is simple because of the thousands of asset and non-asset freight service providers that make themselves readily available for the call or email request, the task of narrowing down the best solution is often more troublesome because of the variables found in how spot freight quotes are assembled and presented.
We talk with hundreds of shippers about their truckload capacity requirements. In some cases, we provide guidance in modal conversion from truckload to intermodal, but many times truckload is the best fit for their lane, service and their freight characteristics.