How 3PLs develop Pricing

US Army Veteran and 3PL warehouse operator explains what information 3PLs use and how they develop pricing. This will serve to show you what leverage you may or not have to negotiate your pricing or achieve cost savings at the warehouse level.
Produced and Filmed by LD6 Media
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0:00 - Intro
1:02 - Information Transfer
1:55 - How are the Goods Received?
2:33 - How are the Goods Shipped?
3:09 - Sending out Large Pellets
4:10 - Receiving Notifications
5:20 - Returns Ratio
5:53 - Metrics that Impact Rates
6:32 - Your Geographical Area
6:56 - Size & Reputation of Logistics Company
8:26 - Slow Season vs. Peak Season
8:45 - Type of Freight
9:10 - Complexity of the Operation
10:36 - Market Charges
11:55 - Outro

[@SeamlessSupplyPtyLtd]

Very informative ... please keep the videos coming

[@kudaisiaduntola2523]

The choice of pallet is so important. Thanks for this video!

[@lmslogisticssolutions1531]

You are very welcome.

[@fodexter]

So great content. So smart way to talk about a world that is the operation on 3PL's.

[@Gambitace747]

Great video LMS , great to see that side of the business.

[@AxebpoIndia]

Good video. Though we are servicing Logisitics companies across Europe / US for over 16 + years, this video was informative and Educative. Best wishes to Matt Ericcson / Trekka Logistics 👍

[@lmslogisticssolutions1531]

Glad it was helpful!

[@michaeldiaz2247]

Thank you Matt

[@warehouseinvestment]

Nice video 👍

[@nurasulaiman1825]

Very interesting how 3PL can be effective in petrol chemical industry

[@lmslogisticssolutions1531]

That's a broad question, if you're in the petrol / chemical biz that's your forte, go sell. Put that stuff in drums and IBC tanks and we will move it so fast your head will spin.

[@LogisticsWorldz]

great video. I do consulting and training within dispatching and freight brokering. I found this information good and informative and accurate. thank you for sharing the truth.

[@LogisticsWorldz]

By the way I gave you a like and subscribed to help you with this crazy algorithm.

[@lmslogisticssolutions1531]

@@LogisticsWorldz Thank you

[@lmslogisticssolutions1531]

Great work and thank you.

[@mtaq]

Love the content Mike. Thanks.
What software do you guys use for end-to-end operations? If more than one, please indicate how difficult was it to integrate?

[@lmslogisticssolutions1531]

Extensive WMS, Techdynamics, google workspace, quickbooks not hard at all

[@selcukbayraktarphd]

nice information bro !

[@lmslogisticssolutions1531]

Thank you, I hope it served you well.

[@lmslogisticssolutions1531]

Thank you.

[@bhailog817]

Kindly tell me how to connect warehouse and shipping partners with WMS? And how to get this software also this software provides dashboard to customers?

[@lmslogisticssolutions1531]

Use Techdynamics in the background. [e-mail] tell her Mike sent you. Your WMS should provide the dashboards

[@Shiv-gi5qs]

Which WMS you use

[@lmslogisticssolutions1531]

extensive