Understanding what goes into a full truckload rate is the first step toward optimizing your transportation spend. Though the rate structure for a truckload shipment may be presented as a simple “cost per mile” or “door-to door” rate, the actual calculation is much more complicated.
Record demand coupled with tight capacity contributed to historic price increases across the industry in 2018. However, first quarter 2019 results may indicate a forthcoming shipper’s market.
The electronic logging devices (ELD) mandate issued by the Federal Motor Carrier Safety Administration (FMCSA) in December 2017 has had a significant impact on the transportation industry, but not in the ways many expected.
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