Freight is Officially on the Upswing After COVID-19. Here’s What’s Driving it.
COVID-19 was disruptive to virtually every industry, but few saw setbacks and stoppages like freight. With local economies all but shut down, borders closed, and demand in sharp decline, the freight industry stagnated and lagged during the pandemic. But now, just like that, freight is back on the upswing. New data indicates that freight is quickly recovering and trending [...]
In the Wake of COVID-19, Digital Transformation Builds Supply Chain Stability
Simply looking at the global economic landscape is enough to see that COVID-19 has and continues to cause great disruptions. According to the World Economic Forum, Chinese exports fell more than 13% in January and February. Since then, in March, April, and May, the U.S. economy has contracted by as much as 4%. Even as businesses open back up [...]
A TMS is just one weapon in an efficient supply chain
Many shippers believe a transportation management system (TMS) will streamline their operations and lead to greater profit. And in some cases, it will. But a robust TMS should be just one part of the broader supply chain efficiency mission.
Beware Bill of Lading Problems That Could Lead to Invoicing Discrepancies
When it comes to determining the shipping rate for a particular load, many factors come into immediate consideration. While mileage and carrier fees set the tone for the nature of the rate, ultimately, the Bill of Lading (BOL) will have the biggest impact on the cost of goods transport. Unfortunately, this is the source of major discrepancies for invoicing [...]
5 Common Problems with Freight Data and Their Impact on Carrier Selection
It’s easy to make a confident, data-backed decision … but that decision won’t be a good one if the data you use to justify it is wrong. It’s a predicament even the biggest companies face when choosing freight carriers. Even with a huge database of potential partners, stacks of request for proposals (RFPs) and bids, and all the information needed [...]