Create a Robust Routing Guide at the Completion of a Freight Bid

Create a Robust Routing Guide at the Completion of a Freight Bid

3 months ago
After the final round of freight bids have been submitted and analyzed, it is time to prepare a routing guide.   This important document contains the preferred carriers by mode, by lane, and their approved rates.  The contents of a routing guide can be entered into a shipper’s TMS system to guide the carrier selection process.  […]
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How Frequently Should a Company Conduct a Freight Bid?

5 months ago
This is one of the most frequently asked questions we receive from our shipper clients.  Here is our perspective. The Forces that Shape our Views on this Subject For 20 years, during my early years in the transportation industry, I led asset-based carriers and non-asset-based freight broker organizations.  My colleagues and I were on the […]
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Conducting a Freight Bid – Should We Do It Ourselves or Seek Outside Help?

5 months ago
As outlined in previous blogs, most companies conduct a freight bid to achieve certain objectives.  These may include saving money on shipping costs, upgrading the quality of their carriers, and/or improving service.  Success can be measured in terms of a reduction in freight expenses, higher on-time service, greater customer satisfaction, or other metrics. To achieve […]
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Why are Large LTL Trucking Companies such Attractive M & A Targets in 2021?

3 years ago
In the first seven months of this year, we have witnessed two of the largest acquisitions in the LTL trucking sector in many years. In January we observed the acquisition of UPS’s LTL division by TFII, the large Canada-based transportation conglomerate. Last week the nation’s largest TL carrier, Knight-Swift Transportation (NYSE: KNX,) acquired AAA Cooper […]
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Understanding the YRCW Bailout

4 years ago
On July 1, 2020 the U.S. Department of the Treasury announced that it was providing YRC Worldwide with a two-tranche loan that would allow it to make delinquent health and welfare and pension payments as well as fund capital expenditures for its tractors and trailers. As part of the deal, YRC is required to issue […]
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The LTL Freight Industry in North America in 2018

6 years ago
The following is my annual report on the state of the LTL Freight Industry in the United States and Canada. Here are links to the top 100 carriers in Canada (https://www.todaystrucking.com/top-100-ranking-canadas-largest-hire-fleets/ ) and the top 25 LTL carriers in the United States (https://www.logisticsmgmt.com/article/the_top_25_trucking_and_less_than_truckload_ltl_companies_in_2017 ). The combined revenue of the 25 largest U.S. LTL trucking companies […]
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