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10 Challenges for Shippers in Negotiating Trucking Contracts

FreightWaves SONAR

Transportation analytics is among the most effective tools in trucking contract negotiations. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Limited network contacts result in higher costs.

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How LTL shipping rates work and how to track trends developing in long-term pricing agreements

FreightWaves SONAR

LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Density plays a role in the form of dimensional pricing.

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Embracing Strategic Digitalization to Stay Ahead of Tech Obsolescence

Locus

If we consider the average cost of a new car in the United States was approximately $40,000 in 2021, this increase is equivalent to almost 4 billion new cars. Strategic digitalization is not an option—it’s a necessity to survive in this fast-paced, digitally-driven environment, effectively seizing market opportunities.

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Making your carrier sales team as powerful as your customer sales team

FreightWaves SONAR

And Beth Carroll of 3PL Magazine further explained that sentiment, “How hard can it be to develop a commission plan? That’s why the only way to figure out a real commission plan rests with knowledgeable sales. Carrier sales employees can negotiate with the confidence of having the Lane Signal dashboard at their fingertips.

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5 Reasons How RFPs Help in Selecting the Right Logistics Technology Platform For Your Enterprise-Level Business

Locus

More and more companies are looking to digitalization of their end-to-end logistics operations for high efficiencies at optimal costs. How to resolve this conundrum? Enter the Request for Proposal (RFP): a strategic tool that goes beyond mere vendor selection. The next step involves finding the right partner for this journey.

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Truckload rates: Using data predict and prepare spot vs. contract bids and RFPs

FreightWaves SONAR

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates.

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Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis

Log-hub

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. Inefficient operations : Absence of proper organization could lead to difficulties for warehouse staff in locating and picking items, causing wasted time and escalated labour costs.