A couple weeks back, we wrote an article comparing a logistics service provider to a freight broker. Within that article, we touched briefly on asset motor carriers and said we would come back to the discussion of comparing them to non-asset freight service providers.
The freight broker market continues to evolve its value-add proposition for shippers. Technology has put this transformation process into hyperdrive transitioning many freight brokers into logistics service providers (LSP’s).
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.
People connect with us every day on our managed transportation services to ask various questions about how the solution can help them. While the questions vary, the one question on everyone's list is how much it costs to bring a managed TM solution to their organization.
Outsourcing non-core competencies has been a long-standing business strategy, but for many shippers the decision to outsource freight activities brings on a number of anxieties starting with the perception of losing of control of what the C-Suite believes should be a core internal competency and continues from there. While some shippers may be anxious over the decision to outsource freight activities, the larger market is not and the practice is far more common than others think. Today's logistics technology and business processes within the managed transportation space makes outsourcing seamless to the shipper and its customer base, while providing significant value in price, capacity, market knowledge and overall supply chain performance.
Outsourcing logistics services puts the day-to-day execution in the hands of trusted logistics experts that frees up a shipper's resources and capital to focus on their competitive advantage and growth. According to a recent Armstrong & Associates report, ninety percent of Fortune 500 companies use third-party logistics providers (3PL) for outsourced logistics and supply chain services, which is a strong endorsement to the value in outsourcing to a logistics service provider (LSP).
Inbound freight is typically the last frontier for many companies search for cost savings in their freight spend, as there is an abundance of complexities that are often outside the Logistics & Supply Chain Department's control. When talking about Inbound Freight Management a term often used is Freight Term Optimization (FTO), which is the process by which shippers strategically establish the most advantageous freight terms, while minimizing the total inbound landed cost. The optimal freight terms are influenced by a shipper’s ability to consolidate orders across days, shipments across vendors / customers, order level-level service requirements and the shipper’s ability to plan and execute routing options like multi-stop LTL, static or dynamic pooling, zone skipping, backhauls, etc.
This is a follow-up to the “Dream Scenario” blog that goes into more detail as to what InTek Freight & Logistics does for shippers within its Inland Container Services Program . Ocean Vessel Monitoring InTek works closely with shippers, its steamship lines, its ocean transportation providers, InTek's inland transportation partners and the various Port Authorities, to manage and monitor each and every container to improve the chances for a smooth and trouble free transaction from Port to Door and back to the Port within "Free Time".
In addition to the Domestic Intermodal door-to-door services that InTek Freight & Logistics offers, InTek also offers a service offering that has been perfected an Inland Transportation and Container Management Program for imported steamship containers. The service is a solution to a myriad of issues that face an importer, as their containers delivered to a single or multiple inland locations. Several aspects of inland container movement must take into consideration to develop a customized solution for each importer on the program.
If you are a shipper not employing a transportation management system (TMS), then you will want to read on. There is overwhelming evidence (TMS) save companies anywhere between 3-35% of their transportation spend, as compared to manually managing freight.