In the freight shipping and transportation market, not all shipments or shipping methods are the same. One set of services don’t always apply. That’s why understanding the advantages of multimodal transport is a critical part of rate monitoring and expense management.
Some shipping situations, parcel routing requirements, and specialty cargo need more care and attention. Likewise, certain destination or origin points add complexity to shipments. They just require a little more effort.
Supply Chain Quarterly, citing a Bloomberg/Truckstop.com survey conducted in Q3 2021, highlighted the following:
- 56% of respondents hauled more loads in the third quarter of 2021 than the previous year.
- 55% of truck drivers said they expect spot rates (excluding fuel surcharges) to rise in the next six months.
- 74% expect rates will either rise or stay steady in 2022.
Furthermore, Lee Klaskow, a senior freight transportation & logistics analyst at Bloomberg Intelligence, predicted that the market will “likely become the tightest trucking market in a generation.”
Understanding the various types of multimodal transport, and the advantages of multimodal transportation can help improve your transportation cost control.
What Is Multimodal Transport?
Multimodal rating allows you to compare transportation modes for cost and service levels, including time-in-transit and delivery capabilities.
What Are the Advantages of Multimodal Rating in Multimodal Transport?
Multimodal transport is all about combining shipping modes and methods to deliver the most reliable and affordable transportations services. Multimodal optimization saves time, money, and resources across the board. It applies to many industries and cargo types, increasing its use within the modern global supply chain.
Market Comparisons Provide Access to Real-Time Freight Rates
Weighing and Linking Value of Investments to Costs of Service
Enhanced Focus on Final Mile and Drayage Related Shipping Needs
Gain New Multimodal Transport and Rating Insight With MercuryGate
In trying to access the advantages of multimodal transport, transportation managers need to keep their eyes and minds open to today’s many opportunities. Implementing a cloud-based TMS optimizes multimodal shipping services with multimodal rating accessible in the same operational platform and other transportation management tools.
Be sure to see our client case study with Sprouts Farmers Market to learn more about the value multimodal optimization can bring to your transportation plan.