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Leveraging Logistics Blog

InTek Freight and Logistics Blog

InTek Freight and Logistics is where companies come when faced with a freight and logistics problem within their supply chain.

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Logistics & Supply Chain | shipping costs | freight and shipping costs

Fuel for Freight and Logistics

By: Kevin Baxter
May 11th, 2022

Each major freight and logistics transportation mode requires fuel to ship goods, whether by air, by sea, by rail or over the road. While gas prices and oil markets certainly impact everyday drivers, the cost of fuel also has a big impact on freight and logistics budgets. Fluctuating fuel costs can both directly and indirectly affect freight rates (and add fuel surcharges), which in turn affect prices for shippers to move goods and eventually, product prices for the end consumer. Getting back to fuel types, diesel predominates on land, with freight trains used for intermodal transport and semi-trucks both using the same type. Ocean freighters use the less refined marine fuel known as bunker fuel - either high sulfur fuel oil (HSFO) for ships with exhaust gas scrubbers or very low sulfur fuel oil (VLSFO) for those without. And finally, jet fuel is generally kerosene. These fuel types all differ from the unleaded gasoline used in most passenger vehicles.

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Truckload | Intermodal Transportation | Logistics & Supply Chain | Logistics Service Provider | International & Cross Border Logistics | shipping costs | freight costs

What is dwell in shipping and how does it impact freight rates?

By: Kevin Baxter
February 23rd, 2022

Dwell is a shipping term that primarily refers to the amount of time a container spends at a facility like a terminal or port between when it's unloaded from one form of transport and moved out of the facility. The issue of dwell comes into play in container shipping, so it's primarily associated with intermodal and ocean freight. Costs related to dwell may impact freight rates already, or they may be added on as accessorial charges if containers overstay their allotted time - a term referred to as demurrage. Containers that dwell for a lengthy period at a terminal are considered aging cargo. Beyond the primary form of dwell, street dwell describes the period containers spend when pulled out of the terminal by truck - typically to avoid demurrage. At any rate, dwell is a common issue especially as supply chain constraints abound.

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The Ins & Outs of Intermodal Transportation.

The Ins & Outs of Intermodal Transportation.

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.

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Logistics & Supply Chain | shipping costs | freight costs | freight and shipping costs

How to reduce freight costs

By: Kevin Baxter
January 21st, 2022

Freight costs can take up a significant portion of a shipper's budget, especially as market and supply chain conditions cause them to rise. But that doesn't mean there's nothing a shipper can do to reduce them. Quite the contrary, there are several steps a company can take as they figure how to reduce freight costs each year. Lately here, we've discussed budgeting for shipping costs, preparing a freight and logistics rfp, freight rates, and more specifically, spot rates vs. contract rates. Budgeting for these sometimes predictable and sometimes quite unpredictable expenses is a rich tapestry, but some simple tips can help shippers manage and reduce freight costs.

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Logistics & Supply Chain | shipping costs | freight costs | freight and shipping costs

Spot Rates vs. Contract Rates - A Freight & Shipping Comparison

By: Kevin Baxter
January 19th, 2022

As shippers plan out freight and logistics costs for the year (or more) ahead, a major part of the decision-making process involves spot rates vs. contract rates. These two most prominent freight rate options - and which one a shipper leans on the most - have a great impact on how much a company pays in shipping costs. Perhaps now more than ever, it's important to know the difference, and whether to use spot rates vs. contract rates more.

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Logistics & Supply Chain | shipping costs | freight costs | freight and shipping costs

What freight rates to include in your budget

By: Kevin Baxter
January 18th, 2022

When setting up a freight and logistics budget for the year (or more) ahead, it's important to include the freight rates that dovetail with a shipper's needs. Freight rates that can affect a budget largely reflect the type of transport a company uses, whether it be truckload, LTL, intermodal, rail, ocean, air freight, or most likely a combination of methods. That of course would include whether international shipping is involved as well. We've gone over some other tips in this regard lately, including how to budget shipping costs and preparing a freight and logistics RFP, so now let's take a closer look at freight rates.

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Logistics & Supply Chain | shipping costs | freight costs | freight and shipping costs

How to Prepare a Freight and Logistics RFP

By: Kevin Baxter
January 14th, 2022

Requests for proposal - commonly referred to as RFPs - in freight and logistics are a key component in planning and budgeting for the year (or more) ahead. An RFP sets a shipper's expectations for the freight and logistics market, and in turn allows the shipper to see whether the market agrees. As mentioned previously when discussing budgeting shipping costs, it's vital to have contract agreements in place to provide a level of cost certainty in an era of fluctuating rates.  Perhaps more important than cost certainty - a well-prepared RFP process can lead to significant freight and logistics savings as finance leadership trims budgets. 

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Logistics & Supply Chain | shipping costs | freight costs | freight and shipping costs

How do you budget shipping costs?

By: Kevin Baxter
January 11th, 2022

Setting a company's spending plan is a year-round process with a variety of areas to consider, including one partial to those in logistics - how to budget shipping costs. Budgeting how much a company is likely to spend on shipping and logistics is vital to be prepared for the ups and downs of a given year. And with the industry's rates tending more toward ups lately, ensuring a company has correctly budgeted shipping costs can prevent considerable pain down the road. 

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Logistics & Supply Chain | International & Cross Border Logistics | shipping costs | freight costs | freight and shipping costs

Port Charges, Demurrage, TMF & More: A Paying at the Port Primer

By: Kevin Baxter
December 15th, 2021

Ports are a major link on the supply chain which continue to account for a number of hangups - and corresponding port charges are a part of the issue. When all is said and done, a shipper - or someone - is responsible for paying a variety of port charges when moving product inland through the ports. There are no shortage of potential port fees to navigate when things are complication-free. But in an especially complication-full environment, it's important to factor in all areas, including traditional port dues, demurrage, detention, TMF, and more.

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Logistics & Supply Chain | Warehousing & Distribution | Freight Broker | Logistics Service Provider | shipping costs | freight costs | freight and shipping costs

Why Rising Freight and Shipping Costs Affect Consumer Prices

By: Kevin Baxter
November 22nd, 2021

There are no two ways about it, freight and shipping costs are on the rise. With added expenses getting goods from Point A to Point B, shippers are feeling price pressure. But beyond the impacts to shippers, how does this jump in the cost of moving freight affect consumers? It can come in the form of higher consumer prices as these companies look to maintain their bottom lines. You've seen the stories and likely noticed it yourself, many consumer goods cost a bit more than they used to (if you can find them at all).

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