What is Ratecon?

The term “ratecon” (short for rate confirmation) is a legally binding agreement between a freight broker and a carrier that the freight broker must provide for the carrier to sign before proceeding. Ratecon documents govern all load details, including how much the broker or shipper will pay the carrier for the movement of the load. …

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Types of LTL Carriers

The U.S. trucking industry has fewer less-than-truckload (LTL) carriers than full truckload carriers. But if you’re a shipper, you’ll find that different LTL carriers can offer unique features and benefits to match your cost, service levels, and speed requirements—even if their network doesn’t fall neatly into one of the categories below. First, national LTL carriers …

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78% Expect LTL Carrier’s Rates to Increase from 2022 to 2023

Less-than-truckload (LTL) carriers have experienced significant increases in base rates and pricing contracts lately, and most are thriving despite inflation, ongoing capacity issues, and rising diesel prices. A lesser-known fact? Due to high labor and operations costs, many LTL carriers have plowed recent gains back into their businesses. But how do logistics and freight transportation …

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