Attendees on the first day of SMC3’s 2023 Connections were treated to a keynote presentation from Daymond John, serial entrepreneur, founder of FUBU, and a certified shark from ABC’s Shark Tank.

Embargoes are common in less than truckload (LTL) shipping. While there are many reasons why a carrier might set a freight embargo, they’re often necessary for carriers to comply with legal restrictions, overcome logistical challenges and balance capacity during times of peak demand.

With dynamic freight pricing, LTL carrier pricing is flexible and responsive to the many factors that can impact the industry. Shifting to dynamic pricing gives carriers the flexibility to offer real-time pricing and the ability to make changes at a moment’s notice that reflect current market conditions.

Like many large third-party logistics providers for shippers and carriers, Integrated Logistics 2000 (IL2000) found itself at a crossroads managing its bid process. IL2000 selected SMC³ Bid$ense® to improve its bidding process.

Both Newell Brands and J.B. Hunt were looking for ways to expedite less-than-truckload (LTL) analysis of rates and bids. Both companies selected the powerful SMC³ BatchMark® XL LTL rapid rating tool to drive greater efficiency in LTL bids and analytics.

The U.S. truckload market has been through a prolonged period of historic instability, caused by the convergence of a multitude of factors. While there are many positive signs moving forward, the truckload market is inherently volatile and cyclical.