Posts Tagged “carrier”

Volume LTL pricing for a logistics happily ever after

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.

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How do automated volume LTL pricing solutions help the logistics community?

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.

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Shippers turn to volume LTL spot pricing in tight capacity market

Volume LTL deals with shipments that won’t fill an entire truck, but don’t fit into contracted LTL rates. These goods can move on a carrier’s backhaul or chronic empty lanes and are priced at spot-market rates. With volume LTL, customers only pay the going rate for the space their freight occupies. Volume LTL is mutually beneficial for shippers and carriers.

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