Weekly discussion and analysis on the trends in the intermodal spot rate market. Week of November 11, 2019:
CFO's are demanding better performance after watching their freight budgets balloon to all-time highs. A freight RFP is one of the least favorite, although one that needs to be discussed and improved by many shippers to obtain the best results. The days of throwing out percentage reductions or using a solve to equation to determine the spend for next year is a time tested process that needs to be challenged. While freight is thought of as a commodity, there is more to it and the Excel spreadsheet RFP driven down from the top misses the target before the arrow is even pull from the quiver. Today's dynamic freight and logistics cost and pricing environment requires strategic planning; execution to the strategy; measurements to the goals; analysis against industry benchmarks; and continuous improvement.
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 BCO (Beneficial Cargo Owner) BCO, beneficial cargo owner, is the party that ultimately owns the product being shipped.
Sustainable Supply Chain Defined Supply chain sustainability are the business decisions and processes that effect the environment, in terms of waste, CO2 emissions, fuel consumption and other similar issues.
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.
There is far more to the decision process of choosing the freight and logistics provider than picking the lowest rate, as there are many components to what makes up the rate the shipper is offered.
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.
Understanding the difference between gross and tare weight is important when it comes to shipping via the freight modes of truckload or intermodal because of the various rules and regulations associated with weight on US roads.
Why Validating Your Freight Carrier's Operating Authority and Saftey Rating is Important Hiring a motor carrier to operate for a shipper or freight broker is more than an exercise of sorting a spreadsheet to determine the lowest price freight service provider.
Definition of IPI Freight or Interior Point Intermodal IPI freight is used to define inbound freight moves from a port to a shipper’s door within the interior of the country via a domestic or international intermodal container.