Definition of Managed Transportation Services Solution: Managed Transportation Services Solutions (Managed TMS) involve shippers outsourcing their freight and logistics processes to a third party logistics (3PL) provider.
Definition of Less-than-Truckload (LTL) LTL is used when a shipper has more than a parcel shipment, but less than a full truckload.
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.
Often, companies start their quest in optimizing their logistics and supply chain management strategy by implementing a transportation management system (TMS) to improve their company’s cost and service structure for freight movements, while also bringing full transparency to all inbound and outbound product moves for its supply chain stakeholders.
Year-after-year logistics teams are tasked to reduce their freight spend and improve the supply chain performance of the company. Time-and-again inbound freight management is not identified as an opportunity, which continues to have those in the logistics and supply chain industry scratching their heads as to why because according to the Aberdeen Group, inbound freight can consume 40% of an average organization’s annual freight spend or 3.6% to 5.2% of a firm’s total annual sales.
Let’s face it, the freight audit and pay process is one of the least favorite tasks within the logistics industry. One would think moving freight from anywhere in the country to anywhere in the country on any given day comes with challenges that would never approach paying a bill, but that is just not the case.
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).