Can a 3PL use ShippersEdge?

Can a 3PL use ShippersEdge?

Yes. ShippersEdge can allow your client a direct portal to rate and book shipments. ShippersEdge would be branded to your company’s logo. We can work with shipper specific pricing or blanket pricing. We also work with rate tables if needed and can accommodate specialty rating such as pallet rates, dimensional rating (dim rates) and lineal foot rates.

One of the best parts of ShippersEdge is its ease of use. People can be operational in minutes rather than days. Training replacement workers is a snap. Clients and you are both alerted if a shipment price goes up due to weight, class or accessorial charges.

Paperless invoicing to your clients and from your carriers is available. Invoices are automatically audited against expected estimated charges. Exceptions are placed in their own tab for easy visibility. Original rating criteria, including rate quote number are saved. Easily link to the carrier’s website to review documentation.

Transit issue are flagged to get ahead of problems with minimal impact to your clients and their customers. An audit trail is created on transit time exceptions for use if ordering expedited services. Your customers can choose to send email alerts to others when an order is shipped complete with a tracking link for easy live tracing on the carrier’s websites.

Full reporting modules available for both you and your clients. Most reporting is into an Excel spreadsheet. The user can specify selection criteria(s) and which fields to export. Templates of common reports can be saved. Custom and automated reports can be set up by ShippersEdge. A handy dashboard can be customized for your clients and your firm.

Your clients can also use ShippersEdge to book their truckload shipments. You choose whether they can also communicate with other truckload providers through the system. You will always have visibility into the system on any client.

Integrations are common for us and we can integrate into almost anything. Integration can be as simple as file uploads in batch or API integrations if the software to be integrated with is capable. We also support OBDC.

Contact ShippersEdge today at 952-777-4451 or visit us on the web at www.shippersedge.com/info

TMS adoption among small- to mid-sized companies

Higher TMS adoption among small- to mid-sized companies

Historically, TMS adoption rates for smaller shippers has hovered in the 10% range, according to industry insiders while about 25% of medium-sized firms and 50% of large organizations used the application to manage their freight activities.

These adoption rates are now rising thanks to the fact that most TMS is now available in the Cloud and on a subscription-based model. “Recently, we’ve seen about 15% growth in TMS usage within small- to mid-sized businesses market, with some vendors reporting more than 20% growth for that market,” says one analyst, who attributes these increases to the fact that TMS is now within the grasp of much smaller shippers.

Other key drivers include higher transportation costs – mainly caused by driver shortages – and the ongoing need “to be smarter about how you run your transportation,” the analyst. “For their customers, shippers need to be able to provide more visibility tools and more analytical capabilities. These factors are also driving higher TMS adoption.”

ShippersEdge noted that increasingly their calls are coming from companies who have stated “We need to save the 13% our 3PL is marking up our shipping costs. These clients often need assistance setting up direct rates with carriers and ShippersEdge has offered valuable assistance.

Excerpts from Supply Chain 24/7

Will Tighten Truckload Capacity

Roadcheck inspection blitz coming in early June will tighten truckload capacity
From Overdrive Magazine

CVSA’s annual Roadcheck inspection spree is one month away.
The Commercial Vehicle Safety Alliance’s annual International Roadcheck inspection spree will be held in one month, June 6-8, across North America.

CVSA plans the 72-hour event each summer to “conduct compliance, enforcement and educational initiatives.”

As previously reported, cargo securement will be the main point of emphasis for inspectors this year. While this is a normal part of CVSA’s Level I inspections, the organization says its inspectors will be highlighting cargo securement as a reminder to drivers and fleets of its importance.

Violations related to load securement include failure to prevent shifting and/or loss of load; failure to secure truck equipment; damaged tie-downs; insufficient tie-downs; and loose …

To help prevent violations related to load securement during the inspection spree, CVSA says to make sure the load and all equipment is properly secured, and to inspect tie-downs to check for wear and damage.

Violations related to cargo securement include failure to prevent shifting/loss of cargo, failure to secure truck equipment, damaged tie-downs, insufficient tie-downs and loose tie-downs. The group has put together tips and a flyer for cargo securement in advance of the spree.

CVSA says an average of 15 trucks and buses are inspected every minute across North America during the 72-hour event. During 2016’s inspection spree, inspectors placed 21.5 percent of trucks inspected out of service, along with 3.4 percent of drivers, or 9,080 trucks and 1,436 drivers.

Replace third-party logistics provider with software

Can I save money on freight if I replace third-party logistics provider with software?

Third party logistics providers [3PL] became mainstream in the 1990’s by implementing then expensive transportation management systems [TMS] and spreading the cost by using those systems for multiple shippers. By economies of scale, the could justify high six figure spends on software. Today shipment management software is available at a very small fraction of the price of the legacy large scale systems.

What about the LTL rates, will I get to keep my LTL rates? In a nutshell, yes. LTL carriers have gotten away from blanket discounts and have moved to shipper specific rates so through talking to your LTL carriers you should be able to keep your rates or decrease your freight rates and eliminate 3PL freight markup your 3PL charges over and above the actual freight carrier’s rates.

How much can I save by using software to replace my third-party logistics provider? 7% to 20% is the typical savings by replacing your 3PL with transportation management software. But my 3PL provides automated tracking and tracing can a TMS provide automated tracking and tracing? Yes, a ShippersEdge transportation management system has automated tracking and tracing and can even feed that data to your CSR or directly to your web similar to when you track your order through Amazon.

I use a freight bill payment company can a TMS provide freight bill auditing? ShippersEdge TMS provides its own freight bill auditing and can feed freight payment information directly to your ERP. Alternatively, ShippersEdge can send shipment data to a freight bill payment company of a freight bill auditing company.

If I replace my third-party logistics provider can I compare LTL rates and select lowest freight rate.  Yes, ShippersEdge TMS will find the lowest LTL rate in one place. You will not have to log into multiple carrier websites to retrieve rates simply to find the lowest cost freight charges.  Electronically tender shipments and electronically track freight. To save money on freight our shipment management software is the way to go.

There is more to ShippersEdge, find out at www.shippersedge.com/info and request a demo.

TMS Buyers Guide Insource my Third Party Logistics

Fred Smith of FedEx wants 33 foot doubles

FedEx thinks they have a chance of getting twin 33 foot trailers approved un President trump. Twin 33’s have been tested in Florida where drivers say they are more stable. Generally speaking Less-than-Truckload [LTL] shipping uses floor space for pallets and shipments have gotten bulkier. The floor space increases by 18% vs. the currently used twin 28 foot trucks. Productivity and less trucks on the road are the main arguments made by those in favor of twin 33’s.

Naturally there are opponents to the increase in overall trailer length. The Truckload Carriers Association voiced its disapproval saying twin 33’s would give the LTL carriers too much of an advantage. They also pointed out that rail carriers are now equipped to accommodate the 28 foot variant and would have to retool to handle 33 footers. This they said would have the net effect of actually adding trucks to the highways.

If these changes are adopted and LTL carriers gain efficiency, expect to see more rigorous competition in at least medium haul lanes.

LTL earnings reports for 2016 were at lower levels than the year before

YRC reported a $7.5 million net loss in the fourth quarter, or 23 cents a share, better than the $23.5 million loss, or 73 cents, in the last three months of 2015. Revenue was up 0.5% to $1.15 billion. “The impact of the economy and freight environment resulted in shipments being down on a year-over-year basis at YRC Freight and their regional carriers,” CEO James Welch said in a conference call. “With industrial shipments comprising approximately 50% to 60% of our revenue, we would have, obviously, liked to have seen growth in this part of the economy,”. At YRC Freight division, revenue dropped 0.5% to $730.3 in the quarter but rose 2.2% to $418 million in their Regional Transportation segment.

Old Dominion reported $68.5 million in profits, or 83 cents, down 5.1% versus the fourth quarter of 2015. Revenue rose 1.5% to $745.7 million. “The overall fourth-quarter operating environment was similar to what we experienced through 2016. We had a slow start to the quarter, but our revenue and tonnage marginally improved on a year-over-year basis, as the quarter progressed,” according to Old Dominion Vice Chairman and CEO David Congdon. “These trends, combined with the increase in LTL weight per shipment and other improving macroeconomic indicators for the fourth quarter, provided us with a sense of cautious optimism for an improved economy in 2017, which also concurs with economic forecasts or improved GDP”.

ArcBest posted net income of $1.58 million, or 6 cents a share, on revenue of $688.2 million. In the last three months of 2015, they earned $4.99 million, or 19 cents, on revenue of $648.1 million saying “we experienced higher average daily revenue resulting from increased revenue per hundredweight, positively impacted by freight profile changes”. “In the midst of a competitive but rational industry yield environment, our asset-based pricing remained disciplined”.

Saia’s net income dropped 9.1% to $10.3 million, or 40 cents, in the quarter. Last year, the company earned $11.4 million, or 45 cents. Revenue increased 4.4% to $300.2 million “depreciation and amortization expense was up 17.2% in the fourth quarter, a reflection of the significant investments we are making in our fleet, real estate and information technology,” according to Saia CEO Rick O’Dell.

For more information on affordable shipping management software www.shippersedge.com/info

 

Credit Markets Pay Little Attention To YRC Freight Worldwide’s Stable Cash Flows

Here is an interesting article on YRC Worldwide, and its financial position.

http://seekingalpha.com/article/3228976-credit-markets-pay-little-attention-to-yrc-worldwidess-stable-cash-flows

From the article:

Summary

  • CDS markets are grossly overstating YRC Worldwide’s credit risk, failing to take into account the company’s stable cash flows and improving ROA.
  • Moody’s is also overstating the company’s credit risk with its B3 rating four notches below Valens’ HY1 rating (Ba2 using Moody’s ratings scale).
  • Although cash flows and cash on hand fall short of all obligations by 2019, YRCW’s improving ROA sees them cash positive the year after.

    YRC Worldwide Cash Flow Profile

    Cash Flow Profile

ShippersEdge Again Named Top 100 Logistics IT Solutions Provider

ShippersEdge TMS shipping software was named to Inbound Logistics Magazine’s list of Top 100 Logistics IT Solutions Providers for 2015. This is the second consecutive year ShippersEdge has made the list. It is published annually by the logistics industry’s leading trade publication and is considered the premier recognition for providers of logistics technology. Each year the magazine surveys the market and invites organizations to apply for this recognition. They examine each company’s features and position in the market to create its Top 100 list. The list includes WMS, LMS and Transportation Management Software (TMS); sometimes referred to as “shipping software.” It is estimated that there are more than 1000+ Logistics IT solutions available in the market today.

“We are ecstatic and gratified to receive this recognition.” said Tom Taylor President. “It validates the quality of the product. When it comes to software to manage LTL & Truckload shipping, shippers and distributors of all sizes are realizing that ShippersEdge provides the best option for them in terms of price, features and flexibility.

About ShippersEdge

ShippersEdge TMS is logistics software originally developed in the early 2000’s as one of the first cloud-based TMS systems. It is the most affordable full-featured Transportation Management Software on the market. Offices are located in Burnsville MN. For more information see www.shippersedge.com/info

About Inbound Logistics

Since its inception in 1981 Inbound Logistics’ educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. More information about demand-driven logistics practices is available at www.inboundlogistics.com.