Friday, August 22, 2008
Dedicated Carrier Rates Announced
National carrier anounced they will provide dedicated rates on freight originating from TX,CA,NY,NJ,CONN,MA. They have excess trucks that need loads. www.thirdpartylogisticsinc.com
Tuesday, August 12, 2008
Monday, August 11, 2008
How to Determine Fuel Surcharge
Fuel Surcharges
Somebody is getting them, and it should be YOU!!!
Diesel and fuel prices have risen considerably, but freight rates stay the same. How does an owner operator or independent trucker manage? The answer... A fuel surcharge. A fuel surcharge is a fee that can be added to the freight charges, and they don’t require governmental approval and you do not need to file an application with DOT to implement a fuel surcharge.
The Facts!!!
If you are brokering your own freight, you are losing money if you are not assessing a fuel surcharge. Everyone else is applying it, why are you giving up your money?
If you are using a broker, ask them if they are assessing a fuel surcharge on the loads you're hauling for them.
A. If yes, have they been paying it to you, or keeping it for themselves? Then you need a new broker, because this guy is screwing you!
B. If no, then you need a new broker because this guy is killing you!
Here’s how you get started!
Notify your broker that you expect a fuel surcharge for hauling his freight. You should also let him know that you know how to compute the surcharge (shown below). If he dodges the issue or makes excuses, you need to find another broker!
If you are brokering your own loads, then notify your customers. You can notify your customers with a faxed memo or letter. You can use the generic letter at Surcharge Letter , all you need to do is replace the customers Name and Address information and date in the appropriate places, put your name at the bottom, sign it, and off you go!
Calculate your own fuel surcharge. It’s easy.
A fuel surcharge should be based on the average retail price of diesel fuel in the region of origination, or where you pick up your load, on the date you pick up this load. This average retail price information, collected by the federal government's Energy Information Administration, is updated every Wednesday. The information is available by phone by calling (202) 586-6966 or you can go to their Web site: http://tonto.eia.doe.gov/oog/info/wohdp/diesel_detail_report.asp
Somebody is getting them, and it should be YOU!!!
Diesel and fuel prices have risen considerably, but freight rates stay the same. How does an owner operator or independent trucker manage? The answer... A fuel surcharge. A fuel surcharge is a fee that can be added to the freight charges, and they don’t require governmental approval and you do not need to file an application with DOT to implement a fuel surcharge.
The Facts!!!
If you are brokering your own freight, you are losing money if you are not assessing a fuel surcharge. Everyone else is applying it, why are you giving up your money?
If you are using a broker, ask them if they are assessing a fuel surcharge on the loads you're hauling for them.
A. If yes, have they been paying it to you, or keeping it for themselves? Then you need a new broker, because this guy is screwing you!
B. If no, then you need a new broker because this guy is killing you!
Here’s how you get started!
Notify your broker that you expect a fuel surcharge for hauling his freight. You should also let him know that you know how to compute the surcharge (shown below). If he dodges the issue or makes excuses, you need to find another broker!
If you are brokering your own loads, then notify your customers. You can notify your customers with a faxed memo or letter. You can use the generic letter at Surcharge Letter , all you need to do is replace the customers Name and Address information and date in the appropriate places, put your name at the bottom, sign it, and off you go!
Calculate your own fuel surcharge. It’s easy.
A fuel surcharge should be based on the average retail price of diesel fuel in the region of origination, or where you pick up your load, on the date you pick up this load. This average retail price information, collected by the federal government's Energy Information Administration, is updated every Wednesday. The information is available by phone by calling (202) 586-6966 or you can go to their Web site: http://tonto.eia.doe.gov/oog/info/wohdp/diesel_detail_report.asp
Monday, August 4, 2008
Logistics & Supply Chain,Factors in Product Movement
Trade-Offs in Logistical Activities The activities must be coordinated well together in order to achieve the least total logistics cost. Trade-offs exist that increase the total cost if only one of the activities is optimized. For example, full truckload (FTL) rates are more economical on a cost per pallet basis than less than truckload (LTL) shipments. If, however, a full truckload of a product is ordered to reduce transportation costs there will be an increase in inventory holding costs which may increase total logistics costs. It is therefore imperative to take a systems approach when planning logistical activities. These trade-offs are key to developing the most efficient and effective Logistics and SCM strategy.
Sunday, August 3, 2008
Outsourcing Freight Transportation Pays Off
Key Capabilities of Third Party Logistics SourcingMulti-lane or contingent bidding Configurable algorithms to analyze and optimize carrier bids across a number of business constraints Online bidding on select lanes in an electronic, dynamic marketplace Multiple types of contract support: full truckload, inter-modal, heavyweight freight, LTL . Today, companies face tightening freight capacity and rising freight costs. The farther out you can reserve capacity and the more you can consolidate your freight spend with strategic carriers, the better chance you have to ensure reliable, consistent, low-cost freight movements. Given the rising operating costs that most carriers are facing, shippers must adopt a solution that creates a formal, repeatable process to obtain freight contracts from their carriers while helping to minimize exposure to rate increases. This solution should synchronize freight needs with strategic carriers. Third Party Logistics delivers an electronic method of distributing RFQs to logistics service providers. The solution gathers lane, price and capacity information and then awards bids to the optimal service providers. With Third Party Logistics, shippers gain access to real-time pricing and contingency information from selected carriers. Once carriers have completed their bids, the solution will optimize the bids based on the configurable criteria intended to constrain the carrier selection by real business constraints. Contracts are then awarded to carriers that best meet the requirements of the shipper. Finally, awarded contracts can be automatically converted and integrated into the daily transportation planning process. By using Third Party Logistics, you will minimize the time it takes to conduct an RFQ for transportation services from months to weeks and ensure that you have the necessary contracts in place to respond to the fluctuations in your business. If you’re excited about the possibilities that Third Party Logistics Inc. brings, and would like to learn more about how we can help you achieve Real Results, contact us at info@thirdpartylogisticsinc.com or call 843-773-7807.
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