The Surface Transportation Board held a very important hearing for rail shippers—especially captive shippers—last month. The hearing lasted two days regarding Ex Parte 722 on railroad revenue adequacy and Ex Parte 664 on calculating the railroad’s cost of equity capital.
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The American Trucking Associations (ATA) projects a 28.6% freight volume increase through 2026 for all modes of transportation. Trucking will continue to be the dominant mode of freight transportation. Pipelines are projected to benefit more than other modes due to the growth in energy production in the U.S.
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How familiar are you with the history of rail, or how familiar is your transportation department with the history of this large industry?
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Long-term solution for transportation funding is still needed. U.S. roads, bridges and highway infrastructure are in great need of repair. As we await a solution, the infrastructure continues to crumble all around us. This will a start a wave of negative impact, beginning with transporting carriers, back to the manufacturers and eventually drowning customers in an unstable product market and transportation costs.
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On July 17, 2015, it was announced that Research and Market—a firm which offers solutions in company and research reporting, journals, conferencing and more to provide marketing data and insights—will now offer a new report titled “Domestic Freight Market in the US 2015-2019.”
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The US Senate has unanimously voted to reform the STB, which should help to better address rate complaints and improve competition between railroads.
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Data entry is a must in almost any company today. However, how do you know for sure what you see is accurate?
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U.S. Representative Dan Lipinski introduced new legislation June 25, 2015 regarding improved freight mobility through transportation research and planning.
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Summer is almost here, and temperatures in many areas of the country are already high. Freeze protect season just ended a couple of months ago and has given way to heat protect season. Shippers who routinely dispatch refrigerated or frozen goods are likely quite familiar with this concept. But is your company taking all of the necessary precautions to ensure prompt and safe delivery, as well as correct charges?
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Time critical guaranteed delivery service can be an invaluable tool for shippers. Guaranteed service offered through a motor carrier allows a shipper to dispatch freight to a customer who is in need of product quickly and provides a less costly alternative to air freight. Most major LTL carriers offer some type of program for time critical shipments; often, the shipper may choose between morning or afternoon delivery or a specific delivery date or window of dates. Typically, LTL guaranteed delivery service fees are calculated based on a percentage of the linehaul rate, but they may also be a flat fee on top of the regular linehaul rates. But is a shipper responsible for these fees when the delivery is not made by the requested time? That depends.
