Weekly discussion and analysis on the trends in the intermodal spot rate market. The InTek intermodal spot rate index increased 8.2% from the prior week.
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.
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.
As part of the decision process a logistics professional goes through to bring an intermodal strategy to their company one of the most pressing questions they ask themselves is whether an asset or non-asset intermodal provider will be the best fit for their business requirements.
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.
Overview InTek Freight & Logistics offers a 40’ and 45’ ISO intermodal container capacity for inland domestic shipments to provide shippers an additional freight option for freight capacity and value, while helping the ocean freight companies reposition their containers with revenue producing freight.
Logistics and supply chain decisions have a direct impact on a company’s bottom line and its success to achieve a competitive advantage in the markets they serve.
As we talk to shippers across North America on the merits of intermodal, we often hear from shippers, “we only work with asset intermodal providers".
For years, InTek has been laser focused on domestic intermodal as an alternative to truckload options for price and capacity requirements.
We are constantly being bombarded by articles telling us trucking capacity is tight or will soon be tight and they go on to give numerous reasons why it is the case this time around. These constant hits have jaded many of us to a point that they are considered marketing material used by the freight community to justify higher prices, but for others it causes them to look for alternatives for their 53’ freight capacity requirements.
The truckload marketplace is a highly fragmented market with 700,000 motor carrier companies, with 91.0% operating 6 or fewer trucks and 97.3% operating fewer than 20 trucks.