Transportation is all over the place…literally and figuratively. The type of freight broker software you use will be what, exactly, keeps it all in check.
Are your customers enjoying the benefits of smart, timely e-commerce? Are you using the right transportation methods for your small business? These are just a few questions you need to ask yourself when buying broker software in 2019. There are a lot of opportunities to save money and time, but only if you reach out to the resources around you. Time stops for no one and transportation is moving faster than ever.
Let’s take a look at LTL shipments today and what it means for your business tomorrow.
Customers Want Convenient Transportation Options
If there’s anything you can count on to steer your business, it’s customer demand. What do most people expect today out of their business, regardless of product? Convenient transportation, even now, is a major dealbreaker. It’s estimated nearly 12 million trucks, rail cars, and vessels move goods over the transportation network every day. Just take a look at e-commerce to know just how impressive today’s figures are.
American E-Commerce Is On The Rise
Convenience is key…and e-commerce is where to find it. American e-commerce revenue is valued at nearly $425 billion, steadily climbing by the year. From full truckload to parcel carriers, the definition of good and bad transportation is changing. According to statistics provided by the Federal Motor Carrier Safety Administration, nearly six million commercial motor vehicle drivers operate in the country. Keeping track of these seemingly astronomical figures means relying on technology to fill in the gap.
Less Than Truckload Is Incredibly Popular
What’s another way you can benefit from today’s changes in transportation? Enjoy the variety it offers you. Less than truckload (or LTL) is a popular choice for many small and medium-sized businesses, bolstered by transportation broker software designed for a singular purpose. Lower rates and shorter stop times are the hallmark of many LTL shipment features. The LTL market is estimated at a little over $35 billion and is steadily climbing as more businessowners become aware of the financial benefits.
Statistics Change On A Dime
It can be difficult to keep track of the changes sometimes. It’s certainly an ongoing effort at many consulting groups today to figure out the best modes of shipment, both for companies and customers. According to Satish Jindel, president of the SJ Consulting Group, nearly 25% of for-hire freight tonnage is attributed to retail. He also found out the length of haul has declined over the past few years, which can take some time to get used to for older companies. Public truckload carriers have found it’s gone down by almost 5% between 2011 and 2016.
Load Broker Software Makes A Huge Difference
When you need help managing LTL shipments and figuring out shipment tracking integration processes, the right software makes all the difference. Trucks today carry the largest share of freight by value, tons, and ton-miles for shipments moving 750 or fewer miles. Rail, however, remains the dominant mode by tons and ton-miles. Transportation broker software will sort all the schedules, finances, and updates you need to keep things running smoothly. Anything less and you could be losing far more money than you make.
Keep pace with today’s rapidly expanding world. Use transportation broker software in 2019 and watch your business flourish.