How Freight Pricing Varies By Transportation Mode

How Freight Pricing Varies By Transportation Mode

freight pricingUnderstanding how freight pricing varies by transportation mode can help determine the most cost-effective solution for your business. By learning the ins and outs of pricing variables, you can find ways to cut costs, increase efficiency, and avoid overpaying for services you don’t need. Quite frankly, determining the mode of transport is one of the most critical business decisions you can make.

Less-than-truckload (LTL)
LTL shipping refers to freight deliveries that are too large to ship via parcel but too small to fill an entire truck. LTL carriers sell multiple shippers space on the same truck and LTL shipments are often more complex to price than other modes of transportation. Pricing is calculated using several factors, including total weight, density, freight classification, distance, and accessorials.

Full Truckload (FTL)
Full truckload is used when a single shipper has enough freight to fill up an entire truck. Truckload rates tend to be the most simple to determine since they are based on a per-mile or flat door-to-door rate. Not surprisingly, capacity also has a major impact on full truckload prices.

Parcel
Standard parcel shipping has become one of the highest-profile sectors within the shipping industry due to the rise of e-commerce. Parcel is similar to LTL freight pricing. Cargo is priced by the pound, dimensions, and transit times. There are additional charges for packages that fall outside of certain dimensions or weight thresholds. Standard, first-class, and overnight options are usually offered for parcels which play a part in determining the price.

Airfreight
Airfreight is an often-used mode of transportation for time-critical shipments. Air carriers will charge by either volumetric weight (also known as dimensional weight) or actual weight, depending on which is more expensive. If the volumetric weight exceeds the actual weight of the product, the volumetric weight becomes the chargeable weight.

Ocean Freight
In comparison to air freight, ocean freight tends to be less expensive. Charges are based on the nature of goods being transported, the weight or volume, distance to the destination port, and the rates set by the shipping carrier. Ocean freight prices also depend on the shipper’s decision to go with an FCL or LCL shipment. Full Container Loads (FCL) are best suited for large shipments, while Less than Container Loads (LCL) are more suitable for smaller shipments.

Rail/Intermodal
Rail and intermodal options tend to be the most cost-effective way to transport cargo. Rail containers are booked on a per-mile basis, similar to truckload shipping. Intermodal providers have agreements in place with railroads to transport cargo across the various rail networks.

Contact us to get started if you’d like to request a free quote on your next ground, air, ocean, or rail shipment. With over 25 years of experience, our team of experts is ready to assist you with your transportation needs.

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Hardworking, Friendly, Quick

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“You sent me some of the most hardworking, friendly, quick on their feet individuals that I’ve ever met in my life. If I get married one day, those 6 guys will be my groomsmen!”

A text message sent by a new LP customer regarding one of our white-glove project installation crews.

Recent Project Cargo & Break Bulk Examples

Recent Project Cargo & Break Bulk Examples

project cargo & break bulkThe Logistics Plus Project Cargo & break bulk team has shown no signs of slowing down the past several months. Over the past few months, our cargo experts have managed projects in various industries, including oil and gas, wind power, engineering, construction, and solar. We’ve transported gas tanks, generators, windmills, locomotives, transformers, and more to locations worldwide.

  • Logistics Plus Turkey delivered drying towers (2,410 freight tons)
  • Logistics Plus Houston handled a 30 unit project from China
  • Logistics Plus transported 6 gas tanks (3,735 freight tons)
  • Logistics Plus India completed a windmill tower project
  • Logistics Plus delivered reactors to an installation site
  • Logistics Plus Turkey handled 5 full charters to Egypt
  • Logistics Plus delivered bioreactors to Belgium
  • Logistics Plus transported 2 locomotives to Finland (the fourth and final batch)

You can see pictures from some of these recent projects in the video below or on the Logistics Plus YouTube Channel.

Do you need assistance with your next big project? Contact our award-winning team of project cargo experts today to find out how we can help!

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DELTA Team Featured on WPSE Business Spotlight

DELTA Team Featured on WPSE Business Spotlight

WPSE Business SpotlightThe Logistics Plus DELTA team was featured on the weekly Business Spotlight program from WPSE AM 1450/FM 107.1 Radio. Business Spotlight is a 30-minute program airing Fridays at noon. Each segment focuses on a business or organization that is making an impact across the region.

In this segment, Danny, Gurkiran, Isaac, Michael, Jorge, and Zack discuss their backgrounds, how the DELTA team was formed, current projects the team is working on, success stories, and more. You can listen to a replay of the interview on the Logistics Plus Podcasts page or by clicking the audio link below.

DELTA WPSE interview

Logistics Plus is Again Named to the Inc. 5000 Annual List of Fastest-Growing Private Companies

Logistics Plus is Again Named to the Inc. 5000 Annual List of Fastest-Growing Private Companies

FOR IMMEDIATE RELEASE

Logistics Plus is Again Named to the Inc. 5000 Annual List of Fastest-Growing Private Companies

It’s the fourth straight year, and the seventh time Logistics Plus appeared on the Inc. 5000 list.

Inc. 5000 2021 7-Time HonoreeERIE, PA (August 18, 2021) – Logistics Plus Inc., a leading worldwide provider of transportation, logistics, and supply chain solutions, is proud to announce it has been included on Inc. magazine’s annual Inc. 5000 list, an exclusive ranking of the fastest-growing private companies in America. Logistics Plus ranks 3872 on the list with an impressive three-year growth rate of 82% from 2017 to 2020 for its U.S.-based operations. It is the fourth consecutive year and the seventh time overall since 2007 that Logistics Plus has made the list.

Additional facts:

  • Logistics Plus ranked the #4 fastest-growing company among all businesses based in Erie, Pennsylvania.
  • Logistics Plus ranked #5 among all Logistics & Transportation businesses based in Pennsylvania.
  • Logistics Plus ranked #126 among all businesses based in Pennsylvania.
  • Logistics Plus ranked #128 among all businesses in the entire Logistics & Transportation Industry.
  • In past years, Logistics Plus ranked overall #2086 in 2020, #2857 in 2019, #4640 in 2018, #3599 in 2014, #2647 in 2009, and #1195 in 2007.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

“This month, we are celebrating our 25th anniversary,” said Jim Berlin, Founder and CEO of Logistics Plus. “I think we have been ahead of the curve when it comes to company culture. It’s always been our policy to treat our employees with respect and foster a work-hard-play-hard environment. Since day one, growth has been our only real strategy. And with our continued growth and success, we can offer employees many opportunities to advance and try new things.”

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Visit www.inc.com/profile/logistics-plus to view the Logistics Plus Inc. verified profile.

About the Inc. 5000

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.  Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Logistics Plus Inc.

A 21st Century Logistics CompanyLogistics Plus Inc. is a 21st-century logistics company that provides freight transportation, Warehousing, fulfillment, global logistics, business intelligence, and supply chain management solutions through a worldwide network of talented and caring professionals. The company was founded 25 years ago in Erie, PA, by local entrepreneur Jim Berlin. Today, Logistics Plus is a highly regarded, fast-growing, and award-winning transportation and logistics company. With a Passion For Excellence™, its employees put the “plus” in logistics by doing the big things properly, plus the countless little things that together ensure complete customer satisfaction and success.

The Logistics Plus® network includes offices, warehouses, and agents located in Erie, PA; Aurora, CO; Buffalo, NY; Chicago, IL; Chino, CA; Cincinnati, OH; Cleveland, OH; Dallas, TX; Dayton, NJ; Des Moines, IA; Fort Worth, TX; Haslet TX; Houston, TX; Laredo, TX; Lexington, NC; Los Angeles, CA; Melbourne, FL; Miami, FL; New York, NY; Olean, NY; San Francisco, CA; Australia; Belgium; Brazil; Canada; China; Colombia; Czech Republic; France; Germany; India; Indonesia; Japan; Kazakhstan; Kenya; Libya; Mexico; Netherlands; Poland; Saudi Arabia; Taiwan; Turkey; UAE; Uganda; Ukraine; the United Kingdom and Vietnam; with additional agents around the world For more information, visit www.logisticsplus.com or follow @LogisticsPlus on Twitter.

Media Contact:
Scott G. Frederick
Vice President, Marketing
Logistics Plus Inc.
(814) 240-6881
scott.frederick@logisticsplus.com

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