When managing your supply chain operations and logistics performance, it’s important to be aware of which carriers you are leveraging for fulfillment and the core strengths of their coverage. Often a single-threaded approach with one LTL carrier is not the best way to optimize your logistics costs.
LTL pricing is complex. There are many factors that are taken into account when pricing a shipment, primarily centered around how much space a shipment takes up on a truck and how much the shipment weighs. This brings us to the topic of NMFC classes- a critical component of getting best-in-class rates.
There was a time when choosing the mode for a less than truckload shipment was easy: less than 150 lbs = parcel, 150 lbs or more = LTL. Rising freight costs and new service offerings have made this decision more complicated.
Many shippers don’t truly understand the importance of an LTL rate base. If you use LTL to move your freight, it is critical to understand this information in order to minimize your costs and choose the carriers that best fit your business.
There are a significant number of things to keep in mind when implementing, optimizing, and managing an LTL shipping program. Let’s take a look at 10 of the most important items.
Parcel carriers are using dimensional weight to maximize revenue on their finite capacity. What can shippers do to mitigate their liability and protect their bottom line?
Are you prepared for FedEx’s 2021 general rate increase? Read on to learn the key points of the announcement and what it could mean for your business.
When managing your supply chain operations and logistics performance, it’s important to be aware of which carriers you are leveraging for fulfillment and the core strengths of their coverage. Often a single threaded approach with one LTL carrier is not the best way to optimize your logistics costs.
