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In 2013, the trucking industry transported nearly 15 billion tons of cargo. And if that sounds like an impressive figure, the U.S. Bureau of Labor Statistics reports that by 2040, that number is expected to increase to 18.79 billion tons. Much of this cargo is classified as LTL, or less-than-truckload cargo, and considering the fact that the LTL market is estimated at approximately $35 billion, it’s important to understand how

There are approximately 5.9 million commercial motor vehicle drivers operating across the United States right now, according to the Federal Motor Carrier Safety Administration. Many of those vehicles contain LTL shipments, which are determined based on weight and the size of freight involved. LTL shipments (or less than truckload) is the transportation of small freight, as opposed to parcel carriers and full truckload carriers. In addition to the overall weight

U.S. e-commerce revenue is about $423.3 billion and is steadily climbing. Whether it’s full truckload, less-than-truckload (LTL), or parcel, carriers are being forced to adjust to changes in the retail industry. However, it seems as though the holiday season is easily the busiest of the entire year due to the increased convenience that large online shopping retailers provide. In fact, the National Retail Federation predicted that online sales would increase

Nearly 12 million trucks, rail cars, locomotives, and vessels move goods over the vast U.S. transportation network, and many non-asset freight brokers are starting to feel as though they can’t keep up with shipping demands and management. That’s just one of the many reasons many are investing in comprehensive transportation management systems to help optimize efficiency every step of the way. But before you invest in transport management solutions, it’s

According to the Federal Motor Carrier Safety Administration, approximately 5.9 million commercial motor vehicle drivers operate in the United States. Many are employed by freight brokers, who have a sole responsibility to ensure that goods and cargo are transported to the right place at the right time. With all the responsibilities freight brokers manage, it’s only natural to make some mistakes. Here are just a few common mistakes freight brokers

Freight management is an increasingly complex yet profitable business prospect. In fact, according to the U.S. Department of Transportation, the value of freight moved is expected to increase to $1,377 per ton in 2040. If you want to keep up with the rapidly-growing industry, the key for your freight broker operations is investing in one of the many types of transportation broker software that can help you track the most

For the savvy broker, attracting ecommerce customers makes all the sense in the world — and carrier selection plays an outsized role in that. You see, the problem that most brokers run into is this — most of your customers and potential customers, including potential ecommerce customers — view you as a commodity. Being viewed as a commodity is a serious problem. It basically means that your customers and potential customers can’t differentiate

Of all the most critical transportation management system features, I’d argue that the ability to set lane-specific pricing is right there at the top. Most TMS’s use Web Services to create lane-specific pricing, a feature that allows you, the broker, to customize service areas for different tariff profiles. Web Services are a broker’s best friend — it’s an integral piece of pricing different lanes at different rates and maximizing your ability

The days of paper documentation are rapidly coming to an end, but not everything has gone completely digital — electronic proof of delivery (and all of the associated documents with deliveries) is one example of a critical form of documentation that’s in the transition phase. Electronic proof of delivery looks a little like this: A carrier will scan in a signed proof of delivery into their TMS or their website, and

A recent article out of Logistics Management had something very interesting to say about TMS adoption in small-to-medium-sized companies (which includes most freight brokerages). Here’s what the article had to say: “Historically, TMS adoption rates for smaller shippers have hovered in the 10% range, according to De Muynck, while about 25% of medium-sized firms and 50% of large organizations used the application to manage their freight activities. “These adoption rates