Global Principles Logistics has the logistics solution you need, from general commodities and store fixtures to flatbed freight and tradeshow displays. We have the experience and driver pool to service a wide range of customers. We can offer less-than-truckload service (LTL) to customers who require more than truckload service. Below are the most common service options we offer our customers.
Our dedicated fleet services are provided in partnership with our customers. These services enable us to use our equipment and driver pool more efficiently. Our customers get savings on utilization without having to sacrifice premium service.
Flatbed Division offers a wide range of services. We are experts in brokerage and less-than-truckload freight (LTL). We offer the following services:
We can handle delicate freight, so call us today. We provide ramp, pad, E-bar and decking services. Our equipment will protect your freight and reduce damage claims. Reduced claims can save you money. Shippers who need to transport goods can use our equipment.
Tradeshows require attention to detail. Additional frustration can be caused by delays in delivery and pickup. Tradeshow booths can be expensive to purchase and maintain. Godfrey Trucking selected senior drivers to train them in how to set up, tear down, and manage tradeshow booths. Your tradeshow booth should reflect you. We value your image.
If your company has a competitive advantage, it can be costly to have in-house logistics departments. Outsourcing your logistics department is an economical option if this is the case. Global Principles Logistics can help you achieve a number of efficiencies. We will organize freight staging in our warehouse and plan a more cost-effective route for your freight. Contact our team of experts today!
One truck can be owned by one person, but a trucking company could have thousands of trucks driven by multiple drivers. The United States Labor Department estimates that a truck can haul 70% of what you wear, eat or enjoy at home, school, or work. A truck is also used to transport the raw materials or pieces needed to make these items from their suppliers to the manufacturer to your local store. This brief description shows that it is not easy to make a trucking company work.
Trucking companies must pay special taxes and obtain special permits from the federal or state governments in order to operate. Drivers of trucks also need to have their CDLs (Commercial Driver’s License) as well as any permits such as a HazMat certification. Before a HazMat load can be pulled out of a trucking company yard, drivers who haul corrosives and other dangerous substances must pass special classes.
The owner of a small factory calls the trucking company and talks to the operations manager. This is the person responsible for overseeing all loads for all drivers. The factory owner informs the operations manager of what needs to be picked up by the trucking company, when it must be picked up and where it will be going. Finally, the delivery date for the shipment is determined. The factory’s owner is informed by the operations manager of the cost of the shipment by the trucking company.
Once the price has been set, and sometimes additional money must be added, such as special fees if the shipment has to be delivered quickly or a team of truck driver are needed to get it there in time, or extra money for higher fuel prices, the operations manager asks the dispatcher to enter data on the computer to generate the paperwork necessary for the driver. The dispatcher then looks at the load board and determines which driver is closest to the factory to pick it up. If he can’t find the driver, he either calls or sends a satellite signal to inform him.
Trucking companies may be specialized in the type of cargo they haul. Trucking companies can move homes, tanks, weapons and heavy equipment such as cranes and bulldozers. Some trucking companies have armed guards onboard their trucks and take irreplaceable art and sculptures into museums. No matter if the trucking company hauls porpoises and whales or delicate china teacups the same steps must be followed. Each person in a trucking company is responsible for getting each load from pick up to destination. This includes the company mechanic, dispatcher, safety director, salespeople, and the file clerk.
The Trucking Industry is a cyclical industry that includes companies that offer shipping services using tractor-trailers to commercial customers. Although most trucking companies own and manage their vehicles, some companies rely on leasing. Since overseas shipments are either air- or ocean-based, the vast majority of revenue comes from domestic sources. These companies are not exposed to fluctuations in foreign currencies. This industry is a good indicator of the economy as a whole. Customers ship more goods during the initial stages of an economic boom to prepare for better business conditions. A decrease in trucking demand could signal an economic downturn.
This sector is highly competitive. There are many operators available to customers, including private carriers as well as companies that are not part of the industry such air-transporters. As a result, day-to-day operations tend to be relationship-oriented. To generate repeat business, companies strive to establish close relationships with customers. Customers can find another shipper easily so providing excellent service is essential. This group is highly competitive in price and operates with small margins.
A trucking company must have a large number of trailers and tractors in order to be able to meet the needs of customers. The fleet must be maintained and upgraded regularly (every five year for tractor). Regular upgrades can help keep maintenance costs down, as older vehicles are more costly to maintain. A young fleet can attract more qualified drivers, especially in a tight labor market. Trucking companies are required to buy more efficient vehicles due to increasingly stringent U.S. environmental regulations. The economic conditions of the day often dictate how large trucks are sized. Truckers will reduce the number of vehicles they have in service during downturns to ensure that they don’t hold excess capacity. This can lead to lower revenue per vehicle and other inefficiencies when the tractor supply exceeds the demand.
Truckload and less than truckload (LTL) are the two main segments of the Trucking Industry. Truckload drivers load a trailer with large quantities of cargo from one customer. Usually, they have a single destination in their mind. LTL carriers fill a trailer with cargo from several customers. This requires multiple delivery destinations. LTL cargo may be transported between multiple vehicles and terminals before it reaches its final destination. On the other hand, truckload freight is usually transported in one vehicle for the entirety of the shipping route. Both types of trucking companies have a network that includes distribution centers and terminals across the country.
Seasonal factors are a major factor in the industry. All trucking companies experience increased demand during the fourth quarter of the year, when major holiday shopping season retailers stock their shelves. LTL companies might experience higher demand in the middle of the year than truckload operators due to the fact that they are less likely to need to transport large quantities of homogenous freight. LTL and truckload carriers generally experience slack during the first quarter. This is a good situation, as this period often involves weather-related disruptions.
Trucking companies have to pay several expenses that can impact their profitability. Earnings have a significant impact on labor costs. A large number of drivers and freight handlers are required by trucking companies. There is often a shortage of qualified drivers, which can lead to intense competition for the best talent. To attract top talent, companies must offer competitive wages and benefits. Trucking companies often employ members of powerful labor unions. These workers have strong bargaining leverage and there is the risk of labor strife. While nonunion workers have lower labor costs than union workers, they may not be as reliable. Pension expense and workers’ compensation are two other significant labor-related expenses.
Fuel is another expense that should be managed with care. Long trips, heavy loads, and large engines all contribute to high tractor-trailer fuel consumption. Surcharges are the main way that diesel fuel costs are passed onto customers. However, truckers may not be as profitable if fuel prices rise rapidly. This can lead to delays in recovering all outlays. Surcharges are preferred by most companies over long-term fuel contract hedging.
Cash flow, common equity, and debt can all be used to finance operating expansion and fleet improvements, depending on their cost. Sometimes, it is possible to assume a large debt burden in order to complete a merger that offers greater market coverage. These companies generally have average stock market risk. These companies can accumulate cash reserves over a business cycle. If there is no urgent need for capital investment these companies will reward shareholders with stock buybacks or a large one-time dividend. Managements are most interested in increasing stockholder value through operating network expansion and enhancements.