Weekly discussion and analysis on the trends in the intermodal spot rate market. Week of January 21, 2020:
Intermodal transportation continues to be a somewhat misunderstood freight mode. Unfortunately, this causes some shippers to not incorporate intermodal into their freight and logistics strategy.
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.
Final Year End Class 1 Railroad Volume Statitics
InTek Freight & Logistics Capacity Solutions Division made the decision over a decade ago that it wanted to be the place where shippers could come to get the best service and capacity for intermodal possible. The result of putting that stake in the ground meant that we were deciding to compete directly with the largest and best funded intermodal transportation providers, JB Hunt Intermodal, answer questions on price, service, capacity, etc.
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.
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.