Weekly discussion and analysis on the trends in the intermodal spot rate market. The InTek intermodal spot rate index decreased 15.7% from the prior week.
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.
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 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.
Today’s complex supply chain have companies operating in highly competitive markets to meet customers where they are in their buying requirements have elevated the need for businesses to employ the best possible logistics and supply chains execution and strategies and get out of the daily firefighting of tracking, tracing and recovering inbound and outbound shipments of your company, but to get to that position takes time, talent and resources many companies do not have at their disposal but need it to better their position in the market they compete.
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.
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).