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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

Moreover, Supply & Demand Chain Executive explains , “Developing a point-of-departure strategy for partial and LTL shipments can give small and medium-size businesses delivery costs comparable to the mega shippers. However, before reaching the negotiating table, someone needs to have bargaining power. Request a SONAR Demo.

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How to Calculate Overhead Costs in Field Service: Complete Guide

WorkWave

Calculating overhead costs in field service is an essential aspect of running a successful business. By accurately calculating overhead costs, field service businesses can ensure they are pricing their services competitively and making informed decisions about their operations. What are overhead costs?

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How LTL shipping rates work and how to track trends developing in long-term pricing agreements

FreightWaves SONAR

LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Density plays a role in the form of dimensional pricing.

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Now or Never: Why Supply Chain Sustainability is Non-Negotiable in 2022

Locus

Decarbonization, which means reducing the amount of carbon in greenhouse gas emissions, can help in improving our present condition. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. Try a demo with Locus to achieve sustainability for your logistics.

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[Chart of the Week] Transportation costs keep rising as service deteriorates: Carrier trucking compliance levels drop below 75% while rates increase 6% in February

FreightWaves SONAR

USA, VOTRI.USA, TSTOPVRPM.USA Truckload carriers have continued to struggle to provide consistent coverage through the first quarter of 2021, and in return costs have increased. Most of the freight moves under a more consistent pricing structure or “ contract ” rates. Compliance levels fell rapidly, leading to surging spot pricing.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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How to Estimate Electrical Work: A Contractor’s Guide

WorkWave

Grasping the Fundamentals From labor costs that hinge on the median electrician’s pay of $27.36 per hour to ensuring your estimates cover both material costs and overhead, mastery over this estimating process is crucial. When it comes to electrical work, understanding the costs involved is crucial for planning your budget.