Weekly discussion and analysis on the trends in the intermodal spot rate market. The InTek intermodal spot rate index decreased 1.6% from the prior week.
We talk with shippers daily about LTL, truckload and truckload brokerage potential service solutions. And this should be expected with over 50% of the freight spend in the US is with these two modes of service.
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.
We talk with hundreds of shippers about truckload and truckload brokerage options every year in sales calls, blog discussions, social media and through our participation on leading industry panels sponsored by the TIA (Transportation Intermediaries Association).
We talk with hundreds of shippers about their truckload capacity requirements. In some cases, we provide guidance in modal conversion from truckload to intermodal, but many times truckload is the best fit for their lane, service and their freight characteristics.
Freight pricing is the number one topic discussed, whether a buyer, seller or freight market analyst. As we shared in the comprehensive article entitled Freight Costs: An Insider’s Look on Freight Pricing Buyers Should Know there are numerous factors that drive a freight rate either up or down.
What's the Difference in a Consignor and Consignee when Shipping Freight? Every freight transaction involves two parties: consignor and consignee. The terms consignor and consignee are often flipped in people’s minds, so why doesn’t the freight industry not just use shipper and receiver. We’ll get back to that question shortly, but let’s start with the definitions of both.
We talk with shippers about truckload and truckload brokerage options every day throughout the year as they walk through their buying process and needs.
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 Volume Shipment Rates Volume shipping quotes are used for LTL shipments that fall outside the normal less-than-truckload parameters, yet shipment is not large enough for a full truckload.