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As the largest operator of travel centers in North America, Pilot Flying J is committed to making life on the road for truck drivers as convenient as possible. The size of Pilot Flying J’s nationwide network ensures that RTS Carrier Services members have access to significant diesel discounts and outstanding amenities no matter where their trucks run.
In trucking, there are two key ways to save money on diesel fuel: “cost-plus” and “retail-minus.” Which approach will save your company more money? The answer depends on market conditions and what parts of the country your fleet serves.
With the retail-minus pricing structure, drivers pay the posted pump price at a fuel stop. That retail price includes the cost of the fuel, taxes and a retail margin covering all expenses of doing business. The “minus” is the negotiated rebate that your fuel card provider pays you later on gallons you purchase.
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In the fall of 2018, dexFreight made headlines when it completed a blockchain-based shipment using smart contracts. The company teamed up with a seafood wholesaler, carrier and smart contracts platform provider to ship 5,320 pounds of frozen food from Medley, Florida to Sunrise, Florida.
Moving frozen foods from Point A to Point B certainly isn’t newsworthy, but the process behind the transaction was. Funds for the transaction were held in escrow by the smart contract integrated platform and were automatically released to the carrier upon delivery.
The logistics industry is very complex, and there are a lot of moving parts to ensure that freight gets to its destination hitch-free and in perfect condition. While moving big shipments across the world, the journey often takes weeks, passes through many hands and involves a number of intermediaries. With such an elaborate process, it is important to understand the roles of everyone involved and what their impact is.
Here are the significant differences between freight brokers and freight forwarders:
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