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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

Moreover, Supply & Demand Chain Executive explains , “Developing a point-of-departure strategy for partial and LTL shipments can give small and medium-size businesses delivery costs comparable to the mega shippers. However, before reaching the negotiating table, someone needs to have bargaining power.

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Winning strategies for distributors and manufacturers during an economic downturn

EazyStock

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

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6 Truckload freight spend optimization best practices

FreightWaves SONAR

Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. More importantly, the type of carrier, whether asset-based or a lite carrier, may impact the risk of accessorials and overall pricing as well.

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2022’s Top 5 Logistics Challenges and Parade’s Tips for Overcoming Them

Parade

Parade Tip : High levels of demand, though they can be stressful, present a wealth of business opportunities for brokerages. Freight brokerages and asset carriers will have to have some tricks up their sleeves to cover the loads they have coming in, and they’ll need a solid strategy and the tools to carry it out to grow in 2022.

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Conducting a Trucking RFP: Tips for Shippers to Optimize Contract Freight

FreightWaves SONAR

With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. That’s the only way to create an enduring freight management strategy. Here’s the truth.

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Pest Control Business Profit Margin Calculation: Boost Your Earnings

WorkWave

As a pest control business owner, you’ll also get tips on managing costs effectively while maintaining service standards, plus smart pricing strategies to keep your bottom line healthy. Calculating it accurately can help you make informed decisions about pricing, cost-cutting measures and growth strategies.

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What is Transportation Management Workflow and How Does It Work

Blue Grace Logistics

An effective TMS will provide comprehensive data analysis on the current shipping costs and processes which offers you an opportunity to compare your costs and processes versus what is available in the market. . These analyses can help you optimize your supply chain process and also provide overall cost reduction.