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Stay ahead of the latest trends in logistics and transportation

Third Party Logistics (3PL) companies started to spring up in the 1980s as a viable method of outsourcing logistics needs. 3PLs make it easy for large companies to get rid of various functions and assets. This is made in order to focus more heavily on their core business objectives. A 3PL can save your company millions of dollars and time, allowing you to dedicate more resources to your essential initiatives.
Holiday shopping is in full swing! Consumers spend $12.3 billion at brick-and-mortar stores on Thanksgiving Day and Black Friday, plus billions of dollars throughout the holiday season online and in stores. Manufacturers and retailers have to optimize planning strategies all year long for their supply chain in order to effectively meet holiday demand.
For the Thanksgiving holiday weekend, thousands of cars will be on the road as people throughout the US travel to be with friends and family. About 91% of Thanksgiving trips are made by car. What does that mean for carriers? Hours added to travel time.
PLS Logistics Services is actively recruiting experienced freight brokers for the Freight Broker Agent Program. Maximize your earnings and build your business with our program!
Stay busy moving freight, not doing paperwork. Carriers need to focus on hauling freight and less time with back-office busy work. Join the PLS carrier network program to ensure you have a streamlined back-office with consolidated billing. Every minute you spend searching for loads is wasted revenue. Our simple technology and high shipping demand will keep your fleet focused on generating revenue.
With the popularity of mobile devices, consumer behavior has changed dramatically. Consumers have moved past the committed early adopters and entered the fast-followers phase with technology being the driving force. Smartphones and tablets are powerful tools that are selling fast and easily taking over the PC market.
Truck driver pay has increased 17% over the last two years and will continue to climb. Truck drivers haven’t seen pay raises in years. They’re now demanding more money, and carriers must oblige.
The transportation industry faces a unique problem in today’s economy: hiring new drivers. Most current truck drivers are approaching retirement, and few people are willing or able to replace them. This means that freight carriers must start getting creative and investing heavily in the ways they recruit new drivers. There are many ways to recruit, but there’s a common theme in all of them. Jeff Stoicheff, Senior Vice President of Human Resources at Penske Logistics, sums it up well when he says, “It’s about respect; good pay and benefits; safe, reliable equipment; and home time.” A freight carrier must appeal to these driver needs to be a competitive recruiter.
According to the DOT, logistics is defined as “the cost-effective process of planning, implementing and controlling the efficient movement and storage of goods from the point of origin to the end-user.” They define transport as “the movement of products and people from one point to another via air, sea, road, and rail.” Transportation and logistics have become an integral part of how businesses operateand run their supply chain today. Here are five facts about the logistics and transportation industry:
Less-than-truckload rates are on the rise. LTL carriers, Conway Freight, UPS and ABF Freight Systems, have recently announced general rate increases that will hit customers in the coming months. This is the second time this year that general rate increases were announced (Read our post about the April GRIs, LTL Freight Carriers announce General Rates Increases).
Creating a decent supply chain management strategy can be challenging. On the opposite side, delegating such a huge part of your business to a third-party company essentially needs credibility and confidence in your logistics partner.
Today’s ground transportation environment has seen the impact of not only a lackluster economy but also the effects of other factors leading to the increased cost of Less-Than-Truckload common carrier transportation services. As a result, carriers are focused on margin retention and improvement and sacrificing market share by culling low margin business. We should expect to see increases in prices within the next few months as trucking companies ensure their prices are compensatory to the services they provide.
We are in a market where LTL carriers continue to aggressively seek methods to improve their yield, reduce their operating ratios, and filter out poor performing business in their portfolios. As a result, shippers need to consistently differentiate themselves from the pack and improve their attractiveness to carriers.
As we all know the economy has not been the greatest in recent years and everyone has seen the effects of the recession. Therefore, companies that are willing to outsource their shipping needs to a 3PL can save a substantial amount of money on their freight cost.

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