UPS announced a rate increase for 2024. This is consistent with FedEx. Review your shipping strategy for cost efficiency.
Ernst & Young LLP (EY US) today announced that Chris Cochran, CEO of FreightWise, LLC was named an Entrepreneur Of The Year ® 2023 Southeast Award finalist. Now in its 37th year, Entrepreneur Of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders of high-growth companies who are building a more equitable, sustainable and prosperous world for all.
When managing your supply chain operations and logistics performance, it’s important to be aware of which carriers you are leveraging for fulfillment and the core strengths of their coverage. Often a single-threaded approach with one LTL carrier is not the best way to optimize your logistics costs.
LTL pricing is complex. There are many factors that are taken into account when pricing a shipment, primarily centered around how much space a shipment takes up on a truck and how much the shipment weighs. This brings us to the topic of NMFC classes- a critical component of getting best-in-class rates.
There was a time when choosing the mode for a less than truckload shipment was easy: less than 150 lbs = parcel, 150 lbs or more = LTL. Rising freight costs and new service offerings have made this decision more complicated.
Many shippers don’t truly understand the importance of an LTL rate base. If you use LTL to move your freight, it is critical to understand this information in order to minimize your costs and choose the carriers that best fit your business.
In today’s e-commerce world, more and more shipments are being shipped not to businesses, but to homes. As companies are aligning themselves with new shipping partners to match this shift toward residential shipments, you must ask yourself: Which carrier is best for my business today?
While Flat Rate Shipping carries with it the advantage of simplicity for e-commerce shippers, what are the other pros and cons? While a one-size-fits-all approach is attractive at face value, it pays (literally) to dig deeper in most cases.