Opportunity knocks for White Glove and Final Mile services as current LTL markets struggle to meet capacity demands while increasing their rates and shedding non-profitable freight.
The LTL market is expected to see increases throughout ’21, averaging between 5-7%, if prior operating ratios were within tolerance. LTL carriers will have a heavy focus on FAKs which are not providing sufficient compensation for the freight they are hauling with less than favorable O/Rs. Carriers will aggressively use rate increases to correct revenue gaps or shed marginal business as LTL networks are at their capacities. This situation forces LTL increases to be based on the specific account operating ratio and poorly performing accounts will see increases exceeding the noted 5-7%.
This scenario creates a perfect opportunity to position GEODIS | SCO White Glove/Final Mile services to the market. White Glove has diligently organized a dedicated network of providers to define the correct solution to meet the needs of simple or complex service needs. With years of success in offering value-added services, there is no more important time or opportunity than 2021 to revisit your LTL needs.
Oversized, High-Value and non-standard pallets are some of the items that LTL will target with 10-15% increases, thus allowing opportunity for GEODIS | SCO to demonstrate the value, not only in P&D, but the complete end-to-end process, while removing the stress of managing the project and ensuring packing, moving, installation, tear down, debris removal, storage, and more.
The moment to grow your LTL market is now or never. Do it by the hand of the experts, GEODIS | White Glove and Final Mile.
Visit our website to know more about our White Glove offer, at www.geodis.com.
This article was edited by Ana Rosa ARANA - firstname.lastname@example.org