The Ins and Outs of Freight Rates

Posted by PLS Logistics June 5, 2018 at 8:00 AM

Moving freight starts with determining what the fair rate for your shipment is. Obviously, carriers and shippers want to make sure they are getting or paying a decent price for a load. Carriers don’t want to lose money, and customers don’t want to pay more than they should.

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Four Things to Expect in 2018

Posted by PLS Logistics January 2, 2018 at 7:30 AM

We are officially into 2018, the year of opportunity and change. 2017 laid out the foundations for what is to come. In today’s blog, we break down what you can expect to see throughout the year in the realm of logistics and transportation. It’s going to be quite the busy year!

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How to Negotiate With Market Rate Increases

Posted by PLS Logistics October 12, 2017 at 7:40 AM

It’s no secret that rates are increasing and could continue well into 2018. Both spot rates and contract rates are spiking.

The looming electronic logging device mandate (ELD) is expected to decrease capacity by as much as 20%. Not to mention, as the economy grows – the shortage of drivers continues to grow, causing capacity to remain tight.

So, rates are going up. Now that we’re in Q4 of 2017, many 2018 contracts are up for negotiation. How can you secure a good rate?

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Why Are Rates Skyrocketing?

Posted by PLS Logistics October 3, 2017 at 7:40 AM

Anyone connected with transportation is well aware of the latest market trends and conditions. We have been witnessing a steady increase in truckload rates lately. Experts predict this is only the beginning and spot market rates will keep climbing in the foreseeable future. Capacity is tighter than ever and its load to truck ratio in September is breaking the records.

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LTL Quotes for Beginners

Posted by PLS Logistics September 5, 2017 at 8:58 AM

We have covered the benefits of LTL shipping in a few previous blog posts – now it’s time to get down to practice! Here you are with a few pallets you are planning to ship as less-than-truckload, but you have never quoted any LTL loads before – where should you start?

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4 Recommendations to Save Money on LTL Shipments in 2017

Posted by PLS Logistics December 28, 2016 at 9:30 AM

LTL carriers saw all-time high revenues in 2014, then due to a decrease in fuel prices, revenue dropped in 2015. Balanced supply and demand kept LTL prices from dropping in 2016, and JOC.com reports that LTL carriers are looking forward to 2017 as freight volumes are predicted to be higher. Next year, the LTL sector could see a capacity crunch due to the ELD mandate, a slow economy and pricing models. LTL pricing is expected to increase in 2017 and fuel costs aren’t likely to see change. In order to cut LTL freight shipping costs, shippers need to be exact with freight’s weight and dimensions, package and pallet the freight properly, consider consolidation, and utilize transportation management systems.

Infographic: Breaking Down the Costs of LTL Shipping

  1. Weight and Dimensions
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6 Transportation News Stories: August 2016

Posted by PLS Logistics August 31, 2016 at 8:00 AM

 

  • Louisiana Weather Causes Shipment Delays. Louisiana called a state of emergency after heavy rainfall affected the region. More than 280 state roads have been flooded and closed, affecting intermodal rail and truckload shipping. “It’s a major disaster,” said Rodney Mallett of Louisiana Department of Transportation and Development. (Learn more here.)

  • Market Condition: Continued Price Declines. The most recent edition of the Truckload and Intermodal Cost Index reflects the ongoing stretch of rate declines for both modes. Truckload rates dropped 1.6% annually in July, marking the 5th straight month of annual declines. July’s intermodal rates were down 2.4% annually. (Read more here.)

  • GHG and Fuel Efficiency Rules Set. The EPA and DOT’s NHTSA finalized standards for medium- and heavy-duty vehicles that will improve fuel efficiency and cut carbon pollution. The final rules build on the fuel efficiency and greenhouse gas emissions standards already in place. (How Will Shippers Be Affected by Green Regulations?)

  • FAA Permits Test Delivery Drones in US. Alphabet, Google’s parent company, will be flying drones in designated areas to gather data to develop an airspace management system. Google is pressing for product delivery-by-drone within the next 3 years. (When Will Your Products Be Delivered by Drones?)

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Parcel Shippers, You’ll Pay More in 2016 if You Don’t Take these 3 Steps

Posted by PLS Logistics June 9, 2016 at 10:00 AM

Parcel freight shipping refers to small package shipments. Parcel shippers face hidden fees and complex processes, leaving them with limited visibility of overall freight spend.

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Market Update: Dangerously Low Fuel Costs

Posted by PLS Admin March 17, 2016 at 10:30 AM

The sharp and sustained decline in the price of oil has had far reaching consequences across the U.S. economy. There are numerous factors that have caused oil prices to drop. And now, with an excess oil supply, the effects are all encompassing, with positive and negative impacts on carriers and shippers.

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Intermodal Transportation Prepares for a Surge

Posted by PLS Logistics February 10, 2016 at 10:00 AM

Intermodal transportation prepares for a surge in freight volume due to the driver shortage, increased demand, heightened government regulations, environmental issues and the damaged highway infrastructure.

Intermodal and rail, once considered slow and undependable, are now defined by proficiency, economy and sustainability. Rail has regained transportation market share because it has the capacity, safety and rates that shippers are searching for. Through intermodal transportation, shippers realize the benefits of combining transportation modes for custom freight solutions. (Check out this blog to learn more: Shippers Turn to Intermodal for Savings).

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