COVID-19 hastened digital transformation of supply chains

Before the pandemic, cost reductions led manufacturers to outsource across countries and firms. This trend set the stage for COVID to tip off record levels of supply chain disruption, bringing business continuity and supply chain digital transformation top of mind. “The situation has been especially difficult for businesses with complex supply chains, as their production …

COVID-19 hastened digital transformation of supply chains Read More »

What is rate con?

The term “rate con” (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. Rate con documents govern all load details, including how much the broker or shipper will pay the carrier for the movement of …

What is rate con? Read More »

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 types of 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: National LTL …

Types of LTL carriers Read More »

Trucks driving on the highway

How to choose an LTL carrier

Are you giving some thought to the best ways to choose and work effectively with LTL carriers? It’s essential to understand the National Motor Freight Classification (NMFC) system. With NMFC classification, all freight fits between Class 50 and Class 500, based on the freight’s density and value. You’ll also want to carefully survey each LTL …

How to choose an LTL carrier Read More »

78% expect LTL carriers’ 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 …

78% expect LTL carriers’ rates to increase from 2022 to 2023 Read More »

Sign up today

Sign up for our LTL newsletter for news and product updates