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April 14, 2022 by Logistics

What does it cost to hire a third-party logistics company to manage your transportation?

Often, a third-party logistics Company (3PL) can allow you to save money!

The cost to hire a Third-Party Logistics Company (3PL) is usually done on a pay as you go basis.

For example, if you use a 3PL to handle and manage your transportation needs, the typical way that they charge you is by marking up their transportation costs before they invoice you.

Here are some good reasons to hire a 3PL to manage your transportation:

  1. BUYING POWER: Riverside has numerous clients, using the same carrier base. This allows them to leverage this volume into lower rates than if you dealt directly with the carrier yourself. The amount of discount and reduction that Riverside receives, plus our markup percentage, is usually very competitive to the level of cost you yourself could find or negotiate. This means that we are usually more competitive, even with our markup than you would be on your own. Lower cost means cost savings.
  1. EXPERIENCE: Riverside has negotiating experience across many industries. We know carriers give more competitive pricing the better they understand the characteristics of the freight (i.e. commodity, dimension, weight, origin, destination and product value). Our goal is to find the best cost/service ratio for our customers using our visibility of a larger network portion of the supply chain.
  1. MANAGEMENT: Riverside has experience and expertise that allows us to be your Transportation Department. This means you don’t have to pay for a staff to manage and execute your transportation needs. We do it. This represents a substantial advantage to you. We handle all your freight audit and pay activity, making sure that the invoices are fully documented and are correct before we pay them. 
  1. SYSTEMS: Riverside uses technology to capture the relevant transportation data to efficiently run your business. This is important in today’s supply chain. It means we can track your shipments, transaction cost, and shipping and receiving metrics. All this can be done in real time. A 3PL utilizes these systems to properly manage and execute a logistics strategy that keeps you competitive.

In summary, a transportation 3PL brings a disciplined approach to purchasing and executing your transportation strategy. The ultimate goal is delivering service to your customers at a competitive price while saving you money.

Filed Under: Transportation News Tagged With: Federal Legislation, Freight near Richmond Virginia, Richmond, Third Party Logistics, Third Party Logistics (3PL), Transportation Broker, Trucking Companies near Richmond Marine Terminal, Virginia

March 25, 2019 by Logistics

Looking for better freight rates? Call Riverside Logistics in Richmond, Virginia!

Riverside Truck

 

Riverside can bring value to your organization. Whether you’re managing inbound freight, supplying retail outlets from your distribution centers or delivering finished product to your customers, Riverside Logistics can move your freight – on time and within budget. Using leading edge transportation management systems, our experienced professionals are able to easily track, trace, consolidate & pool and rate & pay, while also providing comprehensive reporting against industry metrics and rule-driven communications. Below are some of the dry van lanes we are excited to move at great rates!

 

We have favorable rates in these lanes!

Central VA – Moves originating from and destined to

Ashland

Mechanicsville

Sandston

Richmond/Henrico

Chesterfield

Chester

Hopewell

Petersburg

Toano

Charlottesville

Fredericksburg

 

Inbound to Central VA from…

Eastern , PA

Southern, NJ

Delaware

Maryland

Northern Virginia

Western, VA

Northern North Carolina

Chicago, IL area

Cincinnati/Northern KY area

Atlanta, GA

Los Angeles Area

Boston, Hartford CT, RI

Memphis, TN

 

Outbound from Central, VA to…

Atlanta, GA

Eastern, PA

Southern, NJ

Delaware

Maryland

Central/Eastern VA

Northern, NC

Drayage to/from Virginia and Baltimore ports

LET US KNOW IF WE CAN HELP!

 

 

Filed Under: News & Events Tagged With: Dedicated Lanes for Shipping, Freight Carriers near Norfolk International Terminal, Full Truckload Shipments, Great Freight Rates on the East Coast, LTL, Richmond, Riverside Logistics, Riverside Logistics Transportation, Shippers near the Port of Virginia, Trucking Companies near Richmond Marine Terminal, Virginia

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