Archive for the “LTL” Category
Authored by SMC³ on October 10, 2019
Today’s top LTL carriers have different network needs and service offerings, and that is reflected in the way they calculate LTL shipping rates. Without a neutral, standardized pricing foundation that takes shifting freight flows and modern market pressures into account, it’s impossible for customers to accurately and reliably compare one LTL carrier to the next. Shippers and logistics services providers can simplify their LTL pricing with a modern base rate that reflects the country’s demographic profile and the flow of domestic freight.
Authored by SMC³ on June 19, 2019
As the leaders in LTL rating, SMC³ is the provider of choice for LTL freight APIs and analytical transportation tools. To fit the various needs of its customer base, SMC³ offers both a Volume LTL API and a standalone Volume LTL Rater. Shippers and 3PLs utilize SMC³’s best-in-class rating solutions to optimize their transportation spend, saving time and money on their LTL shipments throughout North America.
Authored by SMC³ on May 30, 2019
Bob Biesterfeld, CEO of C.H. Robinson, recently spoke with SMC³ about the state of the industry and how technology is helping logistics stakeholders achieve their business objectives. During the Connections 2019 supply chain conference later this month, Biesterfeld will speak during the ”Conversations with Leadership” on the opening day of the educational event.
Reading the supply chain trends: Are lower freight transportation rates for shippers and 3PLs around the corner?
Authored by SMC³ on May 9, 2019
While carrier pricing is stable for the time being, there are signs that the rest of 2019 could bring about a different reality. Even a perceived loosening of freight rates is a signal to transportation buyers throughout the supply chain. If Old Dominion customers are currently finding carriers willing to use higher discounts to attract business, other carriers are also seeing the same from LTL shippers, and this means a significant trend might emerge. SMC³ has also witnessed an increase in LTL bid activity generated through its Bid$ense product.
Authored by SMC³ on April 1, 2019
Volume LTL is a valuable feature of today’s supply chain because it fills the gap between LTL and truckload transportation. It can really be looked at as a mutually beneficial arrangement among shippers and carriers. These shipments can move in a carrier’s backhaul or chronic empty lanes, helping to balance the carrier’s network. The pricing is derived from transactional spot-market rates, which are often lower than contractual rates, saving shippers money.