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Mark Redini, Senior Vice President of LTL Pricing & Solutions
State of LTL
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
What’s the Deal with NMFC Codes Today?
Common questions we often hear at Echo Global Logistics when assisting clients with less than truckload (LTL) shipments revolve around evaluating freight class and avoiding reclassification charges and fees. If you’re new to shipping LTL, the class system can be difficult to navigate.
Why Does LTL Use Freight Classes?
The National Motor Freight Traffic… Read more
LTL Freight Market: Carrier Capacity Update
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
COVID-19 and the New Normal in LTL Shipping
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
How to Prepare for Accessorial Charges on LTL Shipments
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
How Severe Weather Disrupts the Transportation Industry
Of all the disruptions carriers face on the road, weather poses the greatest threat. As an example, Hurricane Florence impacted much of the Mid-Atlantic and Southeast with intense flooding and power outages, causing road and terminal closures as well as dangerous, if not impossible, driving conditions in some areas.
When it comes to freight transportation, we’re reminded just how… Read more