LTL: How do general rate increases work?

Less-than-truckload carriers use general rate increases (GRIs) to make adjustments to base rates. The increases are applied to general tariff codes and vary by lane and weight tier. Some LTL pricing agreements with shippers work off a base rate schedule and utilize account-specific negotiated discounts. The base rate will increase when a GRI is taken […]

Omicron adding to trucking capacity woes

The fast-spreading variant of COVID-19 likely won’t affect trucking as much as warehousing and aviation, but its indirect impact will put more pressure on already high trucking costs.

Shippers must evolve to overcome market challenges

Rates have remained high throughout 2021, and shippers have been anticipating the market to rebalance. They may be waiting a bit longer, as seasonal slowdowns after the holiday season may not be as dramatic as most shippers are accustomed to — and hoping for — during the first quarter of 2022.

Traditional RFPs are dying

The conventional request for proposal (RFP) process is notoriously tedious, expensive and antiquated. After a year characterized by strained capacity, sky-high rates and surging e-commerce sales, it is also dying.