The spot market in the transportation industry is extremely volatile as most players who participate in it are aware. The driving factor for this instability is the volume of freight shipping at any given time.
Supply and Demand Within the Spot Market Freight
Freight volume directly affects the supply and demand of the spot market as a whole. When freight volume is up and customers need to get their product shipped, there is often times less …
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Oct 27
2011
Spot Market Freight: Year in Review
Posted in: The Transportation Industry
(1 votes, average: 5.00 out of 5)
Loading ...Oct 25
2011
CSA 2010: How it Impacts the Responsibilities of Shippers and Freight Brokers
Posted in: The Transportation Industry
What is CSA 2010?
The United States Department of Transportation has implemented a new safety measurement and rating system called the "Comprehensive Safety Analysis 2010" (CSA 2010). While it largely has not changed the safety regulations, it does change how the DOT measures and monitors carrier compliance to safety regulations.
Its key features are:
Increases the opportunity to have contact with more carriers and drivers
Use more and …
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(1 votes, average: 5.00 out of 5) Loading ...Oct 20
2011
LTL Shipping: Laugh or Cry, It’s Up to You
Posted in: Logistics Management
There are certain things in life that you can count on - death, taxes, repayment of student loans, and your kids not speaking to you all day until you sit down to watch a TV show that you have been waiting to watch all week.
There are certain things in life that you cannot count on no matter how much you wish, rub rabbits feet (dead or alive, that's up to you), or throw salt over your shoulder - the weather in Michigan, parents picking their …
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(1 votes, average: 1.00 out of 5) Loading ...Oct 17
2011
Are Reverse Auctions the Best Way to Move Freight?
Posted in: Transportation Best Practices
Many shippers have moved to a reverse auction system of awarding their available freight. For those that don’t know this is basically an E-Bay system that goes to the lowest bidder instead of the highest. While this can reduce shipping costs, is it really a good system to get freight moved?
The answer is no….while this does reduce shipping costs it also seriously effects service. Shippers continually want the lowest price but are then upset …
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(1 votes, average: 5.00 out of 5) Loading ...Oct 15
2011
2011 Capacity and Market Trends
Posted in: The Transportation Industry
This year has proven to be somewhat of a crazy ride for the logistics and brokerage companies out there! It started when we were all warned by “experts” about the negative effects of what CSA 2010 was supposedly going to do to the trucking industry. They said 8-10% of all class 8 trucks were going to be sidelined and deemed unsuitable for the road. They told us that drivers with good clean driving records were going to be demanding a premium, …
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(1 votes, average: 5.00 out of 5) Loading ...Oct 10
2011
Getting the Most Bang Out of Your Transportation Buck
Posted in: Transportation Best Practices
In this economy, everyone is looking to save a buck. Cutting costs is no different for shipping freight to the local grocery store. Ultimately, the more a load costs to ship, the more the consumer pays for the product. Below are a few tips that can reduce shipping costs and shipping stress!
1. Know Your Product
Often, shippers have limited knowledge of the product they are shipping. The more information you can provide when scheduling a …
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(1 votes, average: 5.00 out of 5) Loading ...Oct 8
2011
Planes, Trains and Automobiles
Posted in: Life Inside Transcorr
If you’re in the transportation industry and you’ve seen the movie Planes, Trains and Automobiles with Steve Martin and John Candy, you may find it more of a reality than fiction. The movie is based around Steve Martins character Neil Page, trying to get home to his family for Thanksgiving from New York to Chicago. On his journey home he struggles with getting a cab in downtown New York, flight delays, redirected flight to Saint Louis, …
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