trucking companies

How to Minimize the Impact of Rising Trucking Costs

How do you lower the costs of freight transportation when trucking industry prices are rising dramatically? Trucking companies are facing skyrocketing prices and cost volatility in the current economy. A recent 2019 update to the “Analysis of the Operational Costs of Trucking” study released by the American Transportation Research Institute (ATRI) shows that almost every carrier cost has risen since 2018.

The average marginal cost per mile for carriers rose to $1.82, a 7.7 percent increase from 2018 to 2019. Fuel costs rose nearly 17.7 percent, marking the highest year-over-year-growth of all trucking costs. The second highest cost growth was the price of insurance, which increased 12 percent. Due to the driver shortage, which is expected to more than double over the next 10 years, wages increased approximately 7 percent while benefits increased around 5 percent. The costs of repair and maintenance also rose to 17.1 cents per mile. While the technology associated with diagnostics and repairs has advanced, there are less technicians versed in the newer equipment. The severe shortage of these technicians has resulted in higher labor costs in this field.

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Warehousing services

The Benefits of Warehousing Services

Warehousing plays an essential role in logistics management. Often times, customers don’t have their own warehouses, yet need to store their cargo for a certain period of time. At Best Yet Express, we understand that the journey doesn’t end once your cargo is on one of our trucks—storage is often an important element that needs to be managed. This is why we offer warehousing services at both of our state-of-the-art facilities in Los Angeles. Whether you need short-term or long-term warehousing, we can customize our reliable services to meet your requirements.

Here are just a few of the benefits of using our warehousing services.

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freight

5 Holiday Shipping Tips

The holidays are a busy time and can be especially hectic, especially for retail and parcel shippers. Nowadays shoppers love the convenience of making online purchases that get delivered directly to their doorstep in time for Hanukkah or Christmas day. This increases pressure for parcel carriers to deliver high volumes of freight at a fast rate—and at the busiest time of year.

Here are a few tips to help you master shipping and keep customers happy amidst the holiday chaos.

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freight companies

The Impact of the AB5 State Law on Freight Companies

The California Assembly Bill 5, also known as the AB5, passed in September and is making waves across many industries, including transportation and freight. The AB5 bill limits independent contractors in the state of California, including owner-operator truck drivers and freight companies. It may be a wise decision to take a look at your vendor list and decide who you should work with. Although it may not seem like too large of an issue as a vendor, hiring independent contractors or companies that use independent contractors in 2020 may become a larger issue.

In order to be marked as an independent contractor, the worker MUST follow these three rules known as the ABC Test:

(a) the worker is free from control and direction in the performance of services; and
(b) the worker is performing work outside the usual course of the business of the hiring company; and
(c) the worker is customarily engaged in an independently established trade, occupation, or business.

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LTL Shipping

The Benefits of LTL Shipping

Less than truckload freight shipping (LTL) is the term used to describe the transportation of small freight—cargo that does not require the full use of a standard trailer. It’s the perfect solution for shippers with cargo that is too heavy for regular parcel/package carriers but doesn’t require a full truckload. LTL is typically used by shippers seeking to transport cargo that weighs between 150 and 12,000 pounds.

Read on to learn about the many benefits of LTL shipping.

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cross-docking

The Basics of Cross-Docking

Cross-docking is a strategy that boosts speed and productivity for logistics companies. When executed correctly, it increases efficiency and expedites delivery so that clients achieve their goals more effectively. It’s how a good logistics company provides their customers with the ultimate in flexibility and reliable cargo delivery.

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cargo

6 Tips for Palletizing Cargo

Good packaging is key to keeping cargo intact throughout its shipping journey. Using a pallet is one of the best ways to ensure your cargo arrives safely and securely at its destination. Pallets are stable transport plates made from wood, plastic or metal that are core components of modern logistical processes. Palletizing your cargo keeps it protected throughout loading, transport and unloading—and makes the entire process faster and more efficient. Pallets also make it easier to move everything from small packages to large bulky items with machinery like a forklift or pallet jack.

It’s essential to carefully prepare pallets and packages for shipping. Read on for tips on properly palletizing your freight.

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freight companies

The Impact of Longer Detention Times

A recent study by the American Transportation Research Institute (ATRI) found that truckers are waiting longer at customer docks than in previous years. The wait times associated with both pickup and delivery, known as “detention,” rose significantly since 2014, when more than 1,900 fleets and 1,600 drivers from various freight companies were originally polled. Drivers reported a 27.4% increase in delays of six hours or more when they were surveyed again in 2018.

This research conducted by the ATRI, which is the independent research arm of the American Trucking Associations, brings awareness to the full financial impact associated with detention times. As truckers spend longer time periods waiting at loading docks, this cuts into revenue and gross profits for freight companies and drivers, and ultimately, increases consumer costs. According to a 2018 report by the Department of Transportation, wait times are estimated to cost trucking companies and drivers over $1 billion per year in revenues lost.

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What is a Liftgate Service and Why is it Important?

What is a Liftgate Service and Why is it Important?

One of the more commonly overlooked services in the shipping industry is called a liftgate service. It is required for many companies, especially those in residential-style buildings. A liftgate service is required in some instances, but it does come with an extra fee. Since shipping companies often must explain why it is required and why there is an extra fee, here are some common questions and answers.

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Driver Shortage vs Capacity Shortage | Best Yet Express Trucking

Driver Shortage vs Capacity Storage

Freight markets have seen some changes in 2019. The entire shipping industry is seeing changes from several critical points. While some carriers have had steady and reliable contract business, the more common transactional spot market is having a tougher time.

The two main areas of influence are the driver shortage and the issue of capacity storage. Each is slightly different but have a large impact on the current conditions of the freight market.

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