Carriers apply a General Rate Increase (GRI) to all or specific trade routes in order to balance costs of their business. The rate increase is deemed necessary by carriers in order to provide paramount services, compensate labor, improve equipment and advance operations. A handful of carriers have recently raised their rates and it is expected that more carriers will announce a GRI soon.
Why do carriers increase rates?
Carriers have to maintain performance adeptness. Because of the holiday season, the manufacturing demand is sizeable and the production of goods grows. The carrier market has an aging driver demographic, and raises rates in order to attract and retain new drivers; by offering higher salaries and better benefits. High fuel costs and growing operating costs are affecting carriers as well. And, finally, carriers need to implement technological advancements and add to their fleet operations.
Even if you’re not familiar with the term omni-channel, I’m sure you have enjoyed the perks of it. Just remember the last time you saw a product online, scanned its barcode for online price-comparison and then ordered it from a website for a substantial discount. Or when you have chosen an item online and then stopped at a nearby store to buy it so that you can ask questions and receive support. This is all part of the omni-channel game that most retailers are playing.
The purpose of the omni-channel strategy is to satisfy consumers’ needs immediately, regardless of the shopping channel – e-commerce, brick and mortar storefronts, social networks, phone calls or even catalogs (yes, people still use them).
Third Party Logistics (3PL) companies started to spring up in the 1980’s as a viable method of outsourcing logistics needs. 3PLs make it easy for large companies to get rid of various functions and assets in order to focus more heavily on their core business objectives. A 3PL can save your company millions of dollars and time, allowing you to dedicate more resources to your essential initiatives.
Holiday shopping is in full swing! Consumers spend $12.3 billion at brick-and-mortar stores on Thanksgiving Day and Black Friday, plus billions of dollars throughout the holiday season online and in stores. Manufacturers and retailers have to optimize planning strategies all year long for their supply chain in order to effectively meet holiday demand.
Knowing the main types of trailers and their specifications will help shippers choose the right one to transport their freight. Although there are more than 14 types of trailers, specially designed to meet different custom shipping demands, we`ll focus on the 3 most common types of truckloads: Flatbed, Step Deck and Double Drop Deck.
1) Flatbed trailers are very versatile, making them a common asset for carriers. It is a basic form trailer, with no sides or roof, providing quick and easy loading and unloading. Common uses include heavy loads that are not perishable, delicate or vulnerable to precipitation – since there is no cover to protect the freight. Examples of typical cargo: