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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The Competitive Differentiator for SMBs

Posted by PLS Logistics January 12, 2016 at 11:00 AM

Small and mid-sized businesses are no longer at a disadvantage to large corporations when it comes to moving freight. In the past, large businesses had more scale, budget and expertise. But, using the supply chain as a competitive tool, companies, no matter the size, can set the bar high by increasing accuracy, visibility and cost efficiency.

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Trending Transportation News: December 2015

Posted by PLS Logistics December 31, 2015 at 11:00 AM

Here’s a recap of transportation news stories throughout the month:

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Market Update: 2016 – 2017 Trucking Regulations May Aggravate Economic Trends

Posted by PLS Logistics December 21, 2015 at 2:30 PM

The over-the-road (OTR) trucking industry faces numerous regulations that are controversial within the industry. Due to the current state of the economy and the crucial turning point it is at, these regulations have the potential to worsen the capacity crisis, increase transportation rates and harm carrier productivity at a time when carriers expect financial difficulty.

What Role Does the Economy Play?

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How to Negotiate Lower LTL Transportation Rates

Posted by PLS Logistics December 3, 2015 at 9:30 AM

Operating costs are rising for LTL carriers due to a number of factors – the driver shortage, rising pay, and aging equipment. Spot market and contract rates have both risen to compensate for these extra costs, however, contract rates rose higher than spot market rates and remain higher.

This is unusual, since promising freight volume ahead of time typically leads to freight savings. So, why have contract rates risen above spot market rates?  Because contract carriers bought a record number of trucks in 2015 and boosted driver pay, all in an effort to regain capacity and reclaim market share that had been lost to spot market providers.

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This Year’s 5 Biggest Trends in Consumer Packaged Goods Shipping

Posted by PLS Logistics November 18, 2015 at 1:00 PM

It has been another tough year for consumer packaged goods (CPG) shippers. In 2015, CPG shippers were hurt by the same trends that affected the industry last year, despite increased efforts to cut logistics costs and improve service.  Data collected from 2014 sheds light on what affected CPG shippers in 2015. Here are 5 trends that continue to affect CPG shippers in 2015:

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