In my last blog, I outlined a set of tips to help carriers achieve greater success with Freight Bids. Here are a few more. Put your best foot forward early in the process We observe both incumbent and new carriers hold back on their pricing to see where they need to be at the […]
Freight Carriers – How to Achieve Success with Freight Bids – Part 2
It’s all in the Numbers – Part 2 – Action Steps that Shippers can take to Reduce Freight Costs
9 years ago
In the last blog, I highlighted some of the opportunities that shippers miss out on to save money on freight when they don’t manage their freight spend data effectively. What steps can a shipper take to correct this situation? Here is a partial list. • Utilize a Transportation Management (TMS) System. TMS systems have changed […]
It is all in the Numbers – Part 1 – Manage your Freight Spend Data to Improve Your Bottom Line
9 years ago
A company’s freight costs often represents between two and ten percent of total revenues. For many companies in the manufacturing, distribution and retail sectors, their freight spend has a direct impact on their bottom lines. Nine years ago I wrote a blog with the title above. In that blog, I identified one of the consistent […]
The 2015 Surface Transportation Summit (www.surfacetransportationsummit.com) will be held at the Mississauga Convention Centre on October 14. We are delighted to report that the event has a new partner, the Freight Management Association of Canada. Here is an overview of the day. The one day event will be kicked off with a […]
Dan’s Transportation Newspaper
9 years ago
Many of us receive information from multiple news sources on a daily basis. You may start your day with the morning newspaper in hard copy or on your iPad or Surface. If you are in the transportation industry, you are likely receiving trade magazines in hard copy and/or digital form, news feeds and white papers […]
Some companies have strong leaders with good strategies and good systems. Unfortunately, they don’t put the pieces together and therefore deliver less than stellar freight management results. In other words, the execution isn’t there. Projects are identified but they don’t produce the desired results. Some companies seem to adopt a “flavour” or “mission” of the […]
As we all know, freight capacity throughout North America is tightening. A shortage of drivers, new government regulations and rising fleet costs are making it increasingly challenging for trucking companies to operate their fleets. As a result, carriers are being selective in terms of the shippers for whom they will offer their fleet capacity. Smart […]
Throughout this series of blogs, the focus has been on how Best in Class shippers ensure their freight is delivered at the right place, at the right time and intact. The beauty of freight management is that so much about transportation is measurable. Over the years we have observed how Best in Class shippers pull […]
Becoming a Best in Class Shipper – 7. Strategy
9 years ago
Success in business comes from crafting and executing effective business strategies. The attainment of strong financial performance comes from integrating and aligning the various strategies of the business into a cohesive force. A company’s supply chain strategy, of which transportation strategy is a key component, is often a critical piece of the company’s business strategy. […]
Becoming a Best in Class Shipper – 6. Technology
9 years ago
The previous blog focused on some of the core freight management processes that are part of a company’s supply chain. For many years, prior to the age of computers and tablets, these processes were performed with manual procedures, calculators and spreadsheets. Some companies still use spreadsheets to manage a few or all of these processes. […]