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LOGISTICS FOR HEALTH & BEAUTY INDUSTRY

HEALTH & BEAUTY

We specialize in the health and beauty industry and offer scalable e-commerce solutions, retail consolidation services, and vendor compliance processes for mass retailers.

LOGISTICS FOR FOOD & BEVERAGE INDUSTRY

FOOD & BEVERAGE

We partner with prominent food and beverage labels, and offer frozen/cold, temp-controlled, and ambient/dry storage for efficient shipping to major food retailers.

3PL for Consumer Goods Industry

CONSUMER PACKAGED GOODS

We partner with a variety of fast-moving retail brands spanning from footwear to apparel to small electronics.

Logistics for Industrial and Automotive Industries

INDUSTRIAL & AUTOMOTIVE

Our strategic solutions are customized to meet the unique requirements of various industrial and automotive sectors.

Private Equity

PRIVATE EQUITY

From corporate carve-outs to management buyouts, we have experience scaling supply chains for private equity firms and their portfolio companies.

About ODW Logistics

ABOUT

We are a 3PL provider driven by our culture and focused on Delivering the Difference with purpose-built logistics solutions.

Why ODW Logistics for your 3PL

WHY ODW LOGISTICS

Accelerate your growth with a 3PL that adds value to every link in your supply chain.

ODW Making a Difference

ODW MAKING A DIFFERENCE

ODW Logistics is dedicated to serving the communities in which we live and work and engaging with our associates.

Logistics Careers at ODW

CAREERS

Our growth is fueled by our extraordinary people delivering the difference to our clients every day.

3PL Service Case Studies

CASE STUDIES

Learn how we've helped our clients to deliver them logistics solutions that produces results.

ODW Logistics Blog Insights

ODW BLOG INSIGHTS

Read our latest blogs that give you insight into a variety of logistics topics.

ODW Logistics News and Press

NEWS + PRESS

Learn about our latest awards, partnerships, and featured trade publication articles.

3PL Services Videos

VIDEOS

Watch our latest videos that share more about who we are, our services, and more.

trucks in a row
02.20.20232 min read

10 Tips to Make the Spot Market Work For You

Here are 10 ways to make the spot market work for you:

1. DEVELOP STRONG CARRIER RELATIONSHIPS.

Carrier lanes and markets fluctuate over time as their businesses evolve. Working with spot market carriers for exceptional shipping needs might yield a strategic carrier partner for the future.

2. DRIVE DOWN TRANSPORT COSTS.

Spot market rates are driven by supply and demand. Consider using the spot market as a financial lever to reduce your transportation costs in down markets.

3. CREATE SUPPLEMENTAL CAPACITY.

When outbound shipment volume exceeds your dedicated carrier capacity, turn to the spot market to source additional truck capacity and keep your shipments moving.

4. UNDERSTAND THE SIZE OF THE PROJECT.

Not all shipment profiles are the same. As a shipper who may be sending a delivery to a job site or a one-off shipment, you may be able to source a better cost and carrier on the spot market rather than use your core carrier capacity.

5. SHIP FREIGHT CONSISTENTLY.

All shippers are not created equal. If your shipping profile is inconsistent and the destination of the next load is unknown until the time the order is placed, it is important to take advantage of the backhaul spot market rather than attempt to work within existing blanket contract rates.

6. KNOW MARKET CONDITIONS.

It is important for shippers to keep a pulse on transportation market conditions. Events such as weather, natural disasters, and produce seasons can cause disruptions in load-to-truck ratios. Strategically utilizing the spot market will allow you to successfully navigate these disruptions.

7. MAXIMIZE CARRIER BACKHAULS.

Carriers use backhaul freight as a strategic piece of their cost structure and relocation of trucks. Utilizing spot market backhaul demand increases your chances of your shipments moving below headhaul market prices.

8. UTILIZE DIFFERENT EQUIPMENT.

Most shippers send out shipments that have similar profiles and equipment needs. When there is an exception—such as an over-sized load or one that requires a flatbed when all others require a van—then the spot market is the answer. Take advantage of all equipment types that are ready to move your load.

9. EXPEDITE SHIPMENTS TO MEET EXPECTATIONS.

There are times when a shipment needs to move within hours. There is no need to wait for a company driver to arrive later in the day or your dedicated carrier to tell you they don’t have enough service hours left to deliver. The answer may be sourcing an expedited carrier on the spot market to meet delivery expectations.

10. ADJUST FOR DISTRIBUTION CENTER CONSTRAINTS.

Dock door space for an additional drop trailer is never a sure thing. If the shipper’s infrastructure prevents drop trailer usage, then exploring spot market live load carriers to haul the freight will prevent congestion and keep the dock flowing.

Source: Inbound Logistics | https://magazine.inboundlogistics.com/view/883444736/133/

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ODW Logistics

Since 1971, we’ve been providing warehousing, distribution, and transportation solutions for hundreds of brands. We operate as an extension of your business to control costs throughout your supply chain that deliver you a competitive advantage over your competition.

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