How Coronavirus Decimated Global Supply Chains in Under 90 Days
Few things have the devastating potential to disrupt global economies like an unchecked pandemic. Now, we’re in the midst of one. In the span of 90 days, Coronavirus (COVID-19) went from Chinese epidemic to the catalyst for global recession — with rippling effects still to follow as the virus spreads. Outside of health complications and social panic, Coronavirus’ significant [...]
Freight Experts Outline the Path to a Trucking Revival in the U.S.
The 1970s are widely considered the golden age of trucking. Built in the 1950s, the highways were little more than two decades old, the economy was on the rise, and drivers were eager to hit the open roads. Today, it’s a different story. Highways are in disrepair, the economy is volatile, and the roads are more congested than open. The [...]
Dense Freight Data Demands the Power of Digital Auditing
The cumbersome time investment of freight auditing has always been its biggest obstacle. It’s why so many carriers have digitized the process in recent years. Digital freight auditing is a step in the right direction, but it requires comprehensive oversight. Companies can’t just focus on one aspect of cost reconciliation — they need to recognize the many avenues and opportunities [...]
Reducing Costs and Improving Freight Efficiency Using a Robust, Reliable TMS
Once governed by dollars and cents, freight transportation has quickly become an industry ruled by pennies. As supply chains around the world become tighter, enterprise shippers are forced to squeeze every penny out of their freight operations. Consolidating costs, expediting invoice reconciliation, and managing rates and fees are all of paramount importance. This, in turn, has elevated the importance of [...]
Inclement Winter Weather’s Effect on Freight Logistics and What You Can Do About It
Winter is a costly season for shipping companies and businesses relying on freight transport. Inclement weather is incredibly disruptive and costly. Trying to plan for it is fruitless. Instead, it’s important to focus contingency planning and proactive maneuvering on what you can control — your supply chain. Being cognizant of how weather affects your costs [...]
It’s Time to Revisit Rate Negotiations
Your business has grown and your needs have changed. Have your shipping contracts evolved in tandem? Chances are, they haven’t. The rates and terms you negotiated in the past may not apply to your business’s current needs. Now is a prime time to readdress and reconsider them. Focusing on rate negotiations will help your business establish [...]