Trump’s Economic War

by Dan Goodwill
Economy, NAFTA, Trade War, Trump's Trade War
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Trump’s Economic War

2 months ago

President Trump is planning to impose tariffs on a variety of imports entering the United States and threatening to annex Canada as America’s 51st state. These threats are having a range of impacts. In Canada they have triggered anger, despair but also unity. Tariffs on steel, aluminum and other commodities will have a direct impact […]

The Impact of Trump 2.0 on the Economy, Transportation and Canada

5 months ago

While there are about 50 days until Donald Trump’s inauguration, he has been moving quickly to put his leadership team and economic plan in place. In this blog I will examine some of the key elements of his plan and how they may impact on the economy, transportation and Canada. Demand Donald Trump has signaled […]

How will the U.S. election impact Shippers and Carriers?

5 months ago

The U.S Federal Reserve cut interest rates in September by a half point for the first time in four years and is expected to lower interest rates at their meetings on Nov. 6-7. This interest rate cut comes as inflation is down to 2.4% in the United States. These levels of inflation and interest rates […]

10 Freight Bid Tips

7 months ago

The Labor Day weekend signals kids going back to school, the start of the NFL season, and the preparation of budgets for the coming year. For manufacturers and distributors, this process incorporates the construction of the annual freight transportation budget. For many shippers, this involves the execution of an annual freight bid. To help companies […]

How to Successfully Implement the Results of a Freight Bid

8 months ago

Some shippers believe that once all the bids are in, the routing guide has been prepared, and the carriers have been notified of their awards, the freight bid exercise has been completed. This explains why many manufacturers that conduct these projects are disappointed with the results they achieve. Success does not take place automatically. There […]

Create a Robust Routing Guide at the Completion of a Freight Bid

9 months ago

After the final round of freight bids have been submitted and analyzed, it is time to prepare a routing guide. This important document contains the preferred carriers by mode, by lane, and their approved rates. The contents of a routing guide can be entered into a shipper’s TMS system to guide the carrier selection process. […]

Analyzing the Results of a Freight Bid – Part 2 – The Carrier Meeting

9 months ago

After analyzing the completed carrier questionnaires, and the bid rates, it is time to eliminate those carriers that don’t meet expectations in terms of service, coverage, rates, and other key variables. It is also the time to identify a short list of potential bid award winners to discuss their proposals in more detail. This blog […]

Analyzing the Results of a Freight Bid – Part 1

9 months ago

There comes a time during each freight bid when the full package (the shipping characteristics documents, fuel surcharge formulas, accessorial charge template, pricing instructions, carrier questionnaire, key milestone dates and data entry tools) is sent to a designated list of asset-based carriers and non-asset-based transportation providers. At this stage, it is valuable to arrange a […]

A Carrier Questionnaire is a Key Component of a Quality Freight Bid

9 months ago

A freight bid is not just a tool to negotiate competitive shipping rates; it is an opportunity to identify and assemble a group of supply chain partners, valued business partners, to strengthen a shipper’s business. These business partners interact with a shipper’s customers every day. Carriers with reliable service facilitate customer retention and revenue growth. […]

How to Select the Right Carriers for a Freight Bid

10 months ago

Selecting the right mix of carriers is a critical step in the execution of every freight bid. Creating a critical mass of carriers, in terms of quantity and quality, has several benefits. First, it ensures that the shipper is engaging with companies that can become strong business partners at the end of the process; these […]