BJ Patterson

Let's face it. There are many terms to know in the LTL space. That's why Schneider's transportation experts created this handy LTL terms guide for you. It simplifies the complex jargon, allowing you to make informed and efficient shipping decisions without the headache. Give it a read now: https://ter.li/v7q324

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With the election settled, I’ve received many inquiries regarding how I anticipate dry van truckload rates will move in 2025. To help answer that, below I’ve charted year-over-year percent change in DAT’s dry van TL spot rate (red) and the BLS’s primary service PPI for general freight trucking, long-distance, truckload (NAICS 484121). Thoughts: •The most profound change that has occurred with these data is that the PPI is now more strongly correlated (albeit with a lag) with spot rates. A decade ago, a 10% year-over-year increase in spot rates would net a ~3% year-over-year increase in the PPI. That relationship appears to have doubled since COVID-19 hit (e.g., a 10% increase in spot rates now gets you a 6% increase in the PPI). •If we assume the shift in the relationship since COVID-19 isn’t due to a unique one-time event but is an underlying product of an environment with much greater information availability, then it would be reasonable to assume this magnitude of relationship will continue. •The question then: how much will spot rates increase? I’ve been on record saying I expect the next bull market cycle to look like 2014 in that I don’t see an increase in trucking ton-miles in 2025 that would be the same pace we saw in late 2017 and early 2018 (not to mention no ELD mandate at work). With that, I’m willing to predict spot rates increase ~15-20% year-over-year by Q3/Q4 2025. That would imply an increase in the BLS PPI by 9-12% year-over-year (but with a lag). That would be the same magnitude of increase in the PPI we saw in 2018. Implication: My best guess basing on looking at underlying demand and supply conditions is dry van spot rates rise 15-20% in 2025 from where they are in 2024 (with those figures being reached in Q3 and Q4 2025). That implies the BLS’s primary service PPI for dry van trucking will rise 9-12% year-over-year, with those gains lagging the spot market changes. #supplychain #supplychainmanagement #freight #trucking #truckload

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Take Advantage of Prime Day Deals: Strategic Shopping: Focus on acquiring goods that are critical to your operations. Look for deals that will offer the best return on investment. Utilize Waitlists and Notifications: Stay ahead by using Amazon’s notification system to get alerts on deals before they go live, ensuring you never miss out. Evaluate Offers: Assess each deal not just for discounts but for its potential to alleviate specific supply chain bottlenecks.

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A big question when it comes to buy new or used equipment, lease it or rent it. This video is a walk thru my journey as a 5PL warehouse owner now. Deciding between buying used equipment to shove off some money, but in the long run, is it good? what was the best option when I started this business? what are the pros and cons for a " Brand New" or " Used equipment".. Should I lease it out?? Those where my questions. I think We made the best decisions in regards this topic. -- Check it out on YouTube https://lnkd.in/gvKnTyde

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🎙️ Do you understand the freight recession and truckload market dynamics❓ In a recent Logistics Management podcast, Mike Regan from TranzAct Technologies dove into the current state of the freight recession and its impact on the truckload market. Your business could gain valuable insights into the driving forces behind these changes and what it means for the logistics industry. 🎧 The podcast discusses: - Analyzing the economic factors contributing to the freight recession. - Understanding how truckload carriers and shippers are adapting. - Preparing for what lies ahead in the logistics sector. How is your company navigating the current freight recession? Share your strategies and thoughts in the comments below! #Logistics #FreightRecession #TruckloadMarket #SupplyChain #TranzActTechnologies #IndustryInsights #LogisticsManagement

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𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗳𝗼𝗿 𝗣𝗿𝗶𝗻𝘁𝗲𝗿𝘀 𝗔𝗺𝗶𝗱 𝗥𝗶𝘀𝗶𝗻𝗴 𝗟𝗧𝗟 𝗣𝗿𝗶𝗰𝗲𝘀 "🔍📊 With LTL prices outpacing the overall economy, printers need sustainable logistics strategies. Companies like Walmart are consolidating shipments to leverage truckload rates. Discover how your printing business can adapt and stay competitive. #Sustainability #PrintLogistics #FreightManagement #CostSavings https://bit.ly/4bVuE5W

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This is rather astounding. A 9.9% increase in Zone 2 one pound base rates and a Delivery Area Surcharge increase of 61.8% and furthermore an Extended Delivery Area Surcharge increase of 69.3%?! Wow… There are cost effective alternatives ( with much faster delivery) like OnTrac who now delivers to 48 of the Top 50 largest metro areas in the US.

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Thinking About Starting a Dispatching Business? Before you dive in, there are 5 key things you MUST know to set yourself up for success! Whether you're new to the industry or looking to level up, my Dispatching Course covers everything you need to build a profitable business from day one. ✅ Ready to avoid costly mistakes? ✅ Want insider tips from an expert? Don’t wait! Enroll in my course today and start your journey to success. Link in bio! #EntrepreneurLife #DispatchingBusiness #FreightDispatch #BusinessGrowth #TruckingIndustry #StartYourOwnBusiness #DispatchTraining #Logistics #SmallBusinessOwner #TruckingSuccess

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One of the biggest advantages of dedicated transportation is the predictability it brings. With consistent service levels and stable pricing, businesses can improve forecasting, enhance cash flow, and focus on what they do best."

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LTL isn't just a backup option—it's a strategic asset that fills gaps in your transportation network. Learn 3 powerful ways to integrate LTL into your multimodal approach and unlock its full potential. I recommend reading this LTL guide: http://sndr.pro/2Y

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Freight vs. Drayage: Freight handles long-haul transport, while drayage focuses on short-distance moves like port-to-warehouse. Know the difference, optimize your logistics! #thesflway #supplychain #supplychainmanagement #supplychainplanning #supplychainsolutions #logistics #3pl #produce #drayage

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Did you know the average drayage trip is just 20-50 miles? 🚛 These short hauls are crucial for timely goods movement to and from major hubs! Check out how Trident leverages top-notch drayage services to keep things moving. Learn more at tridenttransport.com • • • #logistics #supplychain #transportation #shipping #freight #drayage #themoreyouknow

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What is port drayage? What is its role in the supply chain? These are two questions we get asked a lot. So, we are excited to answer these questions in our new video. Hope you enjoy!

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Electrified Freight: Trucking Will Grow & Big Logistics Players Will Dominate

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Why Drayage Matters in Your Supply Chain: Ensuring Seamless First-Mile Success Drayage may seem like a small part of the supply chain, but it’s a critical component that can either keep your operations running smoothly or cause significant disruptions. At HOP Logistics, we understand the importance of efficient drayage, which refers to the process of moving freight from an ocean port to its next destination—often referred to as the “first mile” in logistics. Handling this first mile correctly is essential for ensuring that the entire supply chain operates smoothly. Drayage is the backbone of intermodal transportation, responsible for moving goods from ports to rail yards, warehouses, or other facilities. When this process is delayed or mishandled, it impacts every subsequent step, leading to delays, additional costs, and frustrated customers. At major ports, like Long Beach, timely drayage is crucial, especially during peak seasons when billions of dollars of products need to move rapidly from container ships. Without a reliable drayage partner, challenges like equipment shortages, driver delays, and financial penalties can pile up, causing supply chain bottlenecks. That’s where HOP Logistics steps in—with specialized, high-efficiency drayage services designed to manage the fast pace and unique challenges of port logistics. Our HOP+ Business Intelligence platform also enhances drayage efficiency by providing real-time tracking, predictive analytics, and proactive solutions to keep your goods moving without disruption. Whether it’s expedited drayage for time-sensitive shipments or seamless transitions from port to rail or warehouse, we handle the logistics with precision. At HOP Logistics, we ensure that the first mile is not just a small step but a strong foundation for the rest of your supply chain. Let us help you navigate the complexities of drayage, so your products reach their destination on time and your operations continue running smoothly. Find out more at hop3pl.com or [email protected] #supplychain #logistics #data

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Q1 has come and gone, and the dry van truckload market did not turn as more optimistic predictions had predicted (https://lnkd.in/gbWQFQB6). Q2 hasn’t looked any better? Why? The answer: demand for truck transportation remains weak. This is in spite of strong year-over-year gains in imports and robust retail trade sales. How can this be the case? Simple: domestic manufacturing still produces the bulk of for-hire trucking demand, and freight-weighted domestic manufacturing remains in a deep slump. One chart below showing this using the seasonally adjusted for-hire trucking ton-mile index that I coauthor. Thoughts: •February’s seasonally adjusted ton-mile reading jumped 1.5% from January’s low reading (which occurred due to the polar vortex) but remains down roughly 2% from this time in 2023 (and remember, we had been in a freight recession for roughly 5 months as of February 2023 [September 2022 saw the first major drop in demand]). •Relative to the seasonally adjusted peak from March 2022, demand for truck transportation has dropped 4%. That may not seem like much, but employment has fallen just 0.3% over this same period (see https://lnkd.in/gdYDGD4j). •For those wondering why demand isn’t stronger given those strong import gains, remember what I’ve been preaching for year(s): imports don’t represent that much freight relative to what we manufacture domestically. Consequently, all the stock analysts focusing on import-centric retail trade are missing the boat (pun intended). Implication: for the dry van truckload market to turn from bear to bull, we either need a much larger loss of capacity (unlikely to happen quickly) or for demand to improve substantially, which will require a sharp rebound in domestic manufacturing activity (also unlikely to happen quickly). As such, I would pencil in “blah” conditions for the immediate future. #supplychain #supplychainmanagement #shipsandshipping #freight #trucking  

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