shipping rates

What does NOI mean for my freight?

If you're in the shipping business, chances are almost certain that you've come across NMFC numbers. Just as certain is the struggle you've occasionally had on finding an appropriate classification for the freight in question. You scrolled through pages and pages of classes and NFMC numbers, and found that your freight simply doesn't seem to fit into any category. Fortunately, the folks at the NMFTA (National Motor Freight Traffic Association) have thought of this, and the solution is three letters: "NOI". This stands for "Not Otherwise Indicated".

Spot Freight Rates Improving

In January, spot market freight volume declined seasonally, falling 11% from an abnormal December high.

Volume also collapsed 27% compared to the same time in 2014. It was the first time in 19 months, which the year-over-year declined for the index that measures truckload freight demand and capacity,

Shipping Business Expected to Increase As Truckers Face Shortages

    Shippers may have an advantage over truckers in this transportation cycle. The current shortage of qualified and experienced truck drivers is hurting the industry in this freight transportation cycle. Increases in orders, and lack of a decrease in costs of shipping are also hurting the trucking industry.

Beware of Reweighs!

Shipping managers everywhere will tell you that in recent years, LTL carriers have become mroe aggressive with regard to weighing and correcting the freight class of shipments in transit.

The US Trucking Company's Recruiting Problem

In our last blog post, we touched on the recruiting challenges facing the American trucking industry. According to some industry experts, this trend is so alarming, and has the potential to create such significant changes in the marketplace, we felt it deserved its own blog. According to the American Trucking Associations (ATA), the industry is about 30,000 drivers short of the number of drivers needed. Most alarming, however, is the prediction that Over the next 10 years, that number is set to rise to 200,000.

Issues facing the LTL and FTL markets

While freight volumes continue to be high, there are several major issues facing the trucking industry in the United States. Among the top of the list is capacity issues combined with driver shortage. One study shows that as a whole, the truck driver population in the United States is aging. One of the biggest obstacles faced by trucking companies or carriers is recruiting quality drivers.

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