In the past eight weeks we have been experiencing a slight decrease in domestic truckload rates as capacity loosened somewhat. However, rates and capacity in the LTL industry remain firm and show no signs of weakening. The LTL industry is not as sensitive to short-term capacity changes as the truckload market can be.
As evidence, here are several trends and behaviors that are keeping… Read more
A lot of companies can lower their logistics costs by improving how they select a shipping mode. Often, shipments are easy to recognize as either Truckload (TL) or Less-Than-Truckload (LTL), so there is no real decision to be made. But that is not always the case. Sometimes just a few poor choices on shipments can have a significant negative impact on a company’s… Read more
When procuring transportation services, shippers primarily consider three factors: service, cost, and capacity. While all three factors are in some degree of consideration when freight decisions are being made, capacity is the factor that has become most critical in midyear 2021.
At times, like the current state of domestic… Read more
The LTL market continues to experience significant capacity issues due to the rippling effects of the COVID-19 pandemic as well as regular seasonal spikes. At Echo Global Logistics, we’re here to support you during this unprecedented freight market. We want to provide you with market insight to help you adapt to this rapidly evolving environment.… Read more
Due to the COVID-19 pandemic, the LTL (less than truckload) market looks different than years past. As we head into peak holiday season, we at Echo Global Logistics would like to share insight into factors that may impact the LTL freight market as well as LTL operations and service for the remainder of the year.
Below are some of… Read more
The impact of COVID-19 has been felt across the logistics industry in many ways. Within the domestic LTL landscape, there have been some immediate and significant changes to long-standing processes that require a thorough understanding. Some examples of the most important are listed below.
No-Touch Delivery Receipts… Read more
This blog will cover how to prepare for accessorial charges on Less-Than-Truckload (LTL) shipments. When it comes to rates, LTL carriers first have their base freight charges. Then they have a fuel surcharge, which became normal and customary… Read more