Recon Logistics - Freight Advisors

Recon Logistics Freight Management Blog

Recon Market Update - August 13, 2021

Posted by Hank Newman on Aug 13, 2021 2:07:47 PM
Going to keep it short and sweet this time and leave you with a few teasers to ponder (and reply back if you'd like!).  I'm also including a link to the monthly Cass Freight Index report which is always a good read as well as sending a few updated charts on pricing and service.
 
Teaser 1 - Traditionally, shippers have defaulted to using low-cost LTL carrier options and sometimes defer to "perceived" better service over rates.  Recon's TMS shows carrier cost, expected transit time,Update hand writing with a blue mark on a transparent board and proprietary overall carrier performance to help make these decisions.  But what if you were able to control those decisions and weigh each of those factors and direct your shipping personnel to use the "BEST" carrier option available?  There is no TMS out there with algorithms to do this.  Guess what - Recon's TMS is now developing this incredibly valuable feature.  Interested??
 
Teaser 2 - Most shippers charge freight to customers under a "Prepay and Add" line item.  But what do they charge?  A flat $25?  10% of charges?  20%, 30%, 100%?  What do you do and why and is it a strategic approach or are you simply winging it?  Should your best customer get the same PP&A charge vs. your worst?  If your customer is ordering small shipments every day should that have the same PP&A as a customer who is consolidating their orders which leads to greater shipping efficiency?  There are smarter ways to do this and Recon has the data and expertise to help.  Why not maximize company profits using an intelligent PP&A strategy?
 
Here's the Cass Report: CASS FREIGHT INDEX
 
LTL Overall Performance - Weekly
LTL Weekly Performance 
Spot Truckload Rates-1
 

Tags: Freight Class, Accessorials, LTL, Freight Rates, LTL Carrier Cost, Rules Tariff, Logistics, LTL Service, Limited Access, Freight Technology, TMS, Freight Insurance, Freight Claims, Freight News, Freight Update

We want to help you Ship SMARTER!!

Take advantage of our Free Consult Offers...

So much is changing in the freight industry. Carriers are changing rules tariffs regularly, adjusting their methods of pricing and unfortunately, they don't really give you a lot of notice or explanation.

Do you need a fresh set of eyes looking at your processes? Take advantage of a quick free consult:

Free 30 Minute Freight Management Consultation

Prefer to learn at your own pace??

Check out our Complete Guide to LTL Shipping...

  • What's the difference between Truckload and Less-than-Truckload (LTL)?
  • Is my Bill of Lading completed correctly?
  • What do Logistics Companies do?
  • What is Freight Class?
  • and much more...

Your Complete Guide to LTL Shipping

Subscribe to Email Updates

Recent Posts