Shippers and 3PLs struggle with the complexities in Local Carrier shipping. In fact, 61% believe that the over-the-road (OTR) mode is the most inefficient part of their supply chain, according to a recent report.
Last Mile and Final Mile are synonymous terms that are used interchangeably in the supply chain to describe the last leg in a shipment’s journey – from distribution hub or warehouse to final delivery destination – yet most shippers struggle with finding a reliable solution.
Shippers and 3PLs continue to pay more in carrier rates and fuel costs for trucking and transportation services, despite a marked drop in truckload spot rates, according to the Journal of Commerce. Reporting on the U.S. producer price indexes (PPI) for trucking in May from the U.S. Bureau of Labor Statistics, Shippers and 3PLs saw month-to-month increases, with the long-distance truckload PPI rising 4.1 percent and the long-distance less-than-truckload (LTL) PPI increasing 3.8 percent from April.
PwC's Global Consumer Insights Survey shows that expectations for fast, flexible, and reliable shipments are higher than ever and will continue to grow over the next few years. To satisfy growing customer demand and help streamline the movement of freight, Shippers and 3PLs have turned to expedited options for their over-the-road (OTR) shipments.
Find value in your supply chain and augment efficiency without dramatically increasing costs. Multi-mode technology solutions for over-the-road (OTR) shipping provided by a partner with integrated capabilities helps deliver a better understanding of multi-mode logistics, how they work, and the ability to evaluate which shipping methods work best.
In shipping, visibility and access to data are critical for monitoring shipments and evaluating your shipping operations. The data captured by those companies utilizing a digital solution when they rate and schedule their freight gives them a heightened view into their shipping so they can analyze processes, shipping costs and overall freight management.
In the current shipping environment, Shippers and 3PLs need access to real-time, over-the-road (OTR) carrier connectivity to respond quickly to rapidly changing market conditions. According to FreightWaves, “Shipper networks have been put to the test over the past two years and data has allowed for shippers to build resilient supply chains despite the curveballs they have been thrown.”
