Truckers Information
Truck Freight
 
Definition
Trucking Terminology:

18 wheeler
3PL
agent
available truckloads
b-train
backhaul
big truck
broker
brokerage
bulk
bulk carrier
bulk freight
cargo
cargo carrier
carrier
cartage
cdl
cdl test
Central Refridgerated
common carrier
Contract Carrier
credit reports
deadhead
delivery
delivery service
direct drive
Direct shipper
dispatch
Dispatcher
distribution
driver
Driver log
driving
driving careers
Driving direction
driving jobs
dry box
dry van
Edge truckers
eflatbed
end dump
end dump trailer
equipment
expedite
expedited
expedited trucking
factoring
fast cash
find a truck
find freight
find loads
flat
flatbed
flatbed freight
flatbed trucking
fleet
Flying J
forwarder
forwarding
free postings
freeloads
freight
freight broker
freight carrier
freight company
freight find
freight finder
freight forwarder
freight forwarders
freight forwarding
freight line
freight matching
freight matching services
freighter
freighting
Fuel Optimization
Fuel Tax
get loaded
haul
haulage
hauling
heavy haul
hopper
Hotshot
IFS
independent truck driver
Intermediary
intermodal
Internet truckstop
just in time
Lading Bill
less than a truck load
less than truckload
live floor trailer
load
load board
load match
load matching
load planning
loadboard
loading dock
loads
loads online
Logistics
long haul
ltl
matching
mileage
online freight
operator
OTR
Over the road trucking
owner
owner operator
owner operator truck driver
pick ups
pigg back
piggy-back
post
post loads
private fleet
quote
reefer
reefers sale
refridgerated
refrigerated
refrigerated truck
road conditions
roadlink
route
searching
semi
semi trailer
semi truck
sending
service logistics
ship
shipment
shipper
shipping
short haul
specialty equipment
speedway
Supply Chain
Supply Chain management
tanker
temperature controlled
third party logistics
ton
tracing
tracking
tractor
traffic
Traffic management
Traffic manager
trailer
transport
transportation
Transportation Directory
truck
truck company
truck driver
truck driving career
Truck Driving Job
Truck Driving School
truck freight
Truck loads
trucker
trucker news
trucker edge
truckin
trucking
Trucking Broker
trucking co
trucking company
trucking freight
trucking industry
trucking links
truckload
truckload rate truckload
trucks loads
truckstop
Van
Vehicle
warehouse links
warehouse logistics
warehousing
 

18 wheeler freight

Find Loads Find Freight

WEATHER

The weather network

Road Conditions


MAPS

MapQuest

Expedia Maps


ROAD CONDITIONS

FHWA: National Traffic and Road Closure Information

FUEL PRICES

Weekly On-Highway Diesel Prices

This Week In Petroleum

Gasoline and Diesel Fuel Update

Flying J Fuel Prices

DOE - U.S. Department of Energy - Diesel Prices Page


MOTOR CARRIER SAFETY LOOKUP

DOT Ins Verification

Safer System


TRUCKING NEWS & PUBLICATIONS

TruckingInfo.com

TTnews

The Trucker

InboundLogisitcs.com


GOVERNMENT SITES
BTS - Bureau of Transportation Statistics
DOT - U.S. Department of Transportation
FHWA - Federal Highway Administration
FHWA - Traffic and Road Closures Page
FMCSA - Federal Motor Carrier Safety Administration
FMCSA - Safety and Fitness Electronic Records System
FMCSA - SafeStat Online
STB - Surface Transportation Board
U.S. Customs Service

TRANSPORTATION ASSOCIATIONS
AITA - American Independent Truckers Association
ATA - American Trucking Association
NASTC - National Association of Small Trucking Companies
TIA - Transportation Intermediaries Association

TRUCK STOPS
North American Truck Stop Network

 

Third Party Logistics

TRADITIONALLY, organisations would manage both their core and non-core business processes on their own.

With the increasingly competitive business operating environment, many organisations now need to streamline and re-evaluate their systems and processes to be more efficient and cost-effective.

One trend that has emerged is the outsourcing of non-core business activities – namely the outsourcing of functions such as logistics, information technology (IT) and financial-related services.

Many organisations in a variety of industries are realising that there are numerous benefits in outsourcing their logistics needs. Total global logistics costs run in excess of US$2 trillion (RM7.6tril). Of this, the value of third-party logistics is valued at US$100bil (McKinsey Quarterly, 2003). This shows that in attempts to be cost effective today’s organisations are increasingly allowing expert third-party logistics providers to manage their entire supply chains.

According to Investopedia, the term “outsourcing” refers to the practice of organisations to reduce costs by transferring portions of work to outside suppliers, rather than completing them internally. Logistics concerns the detailed planning of movement of products, from source to warehouses, retailers, etc.

The concept of outsourcing stems from its comparative advantage. Many see outsourcing of logistics services as a means of cutting costs but, really, it is more than that. It is a strategic tool that gives the manufacturer an edge over its competitors.

Outsourcing of logistics began in the United States and Europe, where it is now prevalent, with many organisations turning to dedicated third-party logistics providers that offer better costs control and more efficient customer response, alongside shorter delivery times, to match the required product cycle. They are able to develop customer-specific logistics solutions that meet the requirements of individual customers.

In the US today, approximately 400 of the 500 largest manufacturers (or 80%) use third-party logistics. This represents tremendous growth in the outsourcing of logistics services from, say, a decade ago when fewer than 185 of the largest manufacturers engaged third-party logistics providers.

In Asia, the outsourcing of logistics is still in its infancy, but the trend is definitely beginning to take shape. In the forefront of this new wave are multinational companies (MNCs), with larger local manufacturers close on their heels. Particularly in Malaysia, many organisations have begun to utilise third-party experts to manage their storage, processing and distribution activities.

What is interesting about logistics outsourcing in Asia is the growth of a niche sector, namely that of the provision of temperature-controlled logistics services. This caters mainly to products such as perishables that require relatively low and stable temperature throughout the supply chain – from the point of source to the end customer. By maintaining “no break in the cold chain”, product freshness is assured and product life extended.

Why outsource third party logistics?

As companies begin to re-engineer and redefine their business processes, they realise that their logistics deserve closer attention. The “simple” management of incoming and outgoing goods accounts for about 10% of the total cost of a particular product. More often that not, the level of throughput (bulk of products moving from the warehouse to the destination) of an individual manufacturer is not sufficiently high to achieve economies of scale, and thus affects product margins.

Manufacturing companies that outsource their logistics services generally manage to reduce their operational costs by between 20% and 30%. The third-party logistics provider manages the storage, distribution and inventory level, sometimes integrating the procurement, processing, warehousing, marketing and distribution with finance.

Engaging a third-party logistics provider also stems from the decision to acquire expertise, talent or resources not otherwise available in the organisation to manage its logistical needs. Having a centralised base in the outsourced logistics services, an organisation can allocate all of its resources to core business activities.

With continuous improvement of technology, systems and processes, third-party logistics providers are better able to constantly evaluate and implement best practices in its field. As it is their core business, logistics players can concentrate their resources on developing value-added services such as bulk-breaking, packaging or labelling. All of these are likely to incur additional costs to an organisation if done internally.

Most manufacturers cannot justify the investment costs in setting up a warehouse or the operational costs involved in the distribution process. Such high capital expenditure is a burden for most organisations. In the temperature-controlled logistics arena, there is the added infrastructure cost of specially designed warehouses, specialty equipment and refrigerated trucks. Having an outsourced logistics partner, an organisation is able not only to cut its costs but also manage its resources more efficiently as, for example, the pre-determined fee for logistics services allows better forecasting and planning.

With the growth in demand for their services, third-party logistics providers are keeping abreast with IT developments to capitalise on the e-business solutions available. Given the complexity of transportation and warehousing, the Internet offers itself as a suitable platform on which communication among the parties involved can be better managed.

In efforts to satisfy customers’ needs and manage costs, the outsourcing of logistics services should be part of an organisation’s overall business strategy and looked at from a macro perspective as a means to achieve an edge over competitors. This would ensure the creation of business and customer value in the longer term.

At the same time, as third-party logistics providers reach deeper into their customers’ core business, their role will evolve from that of a support service to that of a strategic partner. And all of this is with one objective in mind – to work towards a seamless, cost-effective method for the movement of goods

Site design & content Copyright 2005 © Matchtruckloads.com
Match Truck Loads http://www.matchtruckloads.com