Pricing

In a financial development that shocked the trucking industry, 101-year-old New England Motor Freight and 10 related subsidiaries (including truckload giant Eastern Freightways) voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11.

Vessel owners were lucky to be able to run between continents well out of sight of government and non-government organizations for over a century.

Pricing for both truckload and intermodal freight movements saw another strong month in December to finish 2018, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.

The booming freight market has created new opportunities for data analytics, but experts say beware of companies offering too much depth and not enough expertise.

November shipments, at 1.162, eked out a modest 0.6% annual gain and were down 5.1% annually, and November expenditures, at 2.849, saw an 8.4% annual increase, for its 23rd straight annual gain, and were down 2.4% compared to October.

Pricing for both truckload and intermodal freight movements saw another strong month in November, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.

Pricing for both truckload and intermodal freight movements were again strong in October, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.

SMC3 explained that volume pricing rates are leveraged by shippers and 3PLs when they need a spot quote for shipments that do not fit within traditional LTL or truckload parameters.

Pricing across the transportation modes

There are two areas where shippers will feel the effect of the growing water and air pollution problem: freight costs and various taxes and fees.

There is another challenge in the LTL sector that directly impacts LTL shippers not getting what they need from carriers, with carriers widening embargoes on shipments in certain parts of the United States.

While tactically scrambling for coverage, shippers need to begin now to strategically build relationships that will sustain competitive cost and service metrics over many years.

Future pricing leverage worrisome

Procurement professionals have been upping their game in recent years. Those skills are going to come in handy in the years to come.