Final Reflections on Freight Bids

Final Reflections on Freight Bids

9 years ago

Freight bid projects have become one of the most commonly used methods of sourcing freight transportation services over the past two decades. They have become popular with shippers for obvious reasons. When done well, they produce good results. Manufacturers and distributors can strengthen their supply chains by selecting a dedicated group of professional transportation companies […]

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Freight Bid Tip # 11. Conduct Ongoing Performance Review Meetings with your Carriers

9 years ago

Monitoring carrier performance is an ongoing process. Some trucking companies will track performance for new shippers with a heightened level of intensity for a designated period of time and then revert back to old habits or standard service levels when the shipper’s focus is no longer there. Every shipper should understand that there is no […]

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Freight Bid Tip # 9. Sign Contracts with your Large Core Carriers

9 years ago

If your company provides hundreds of thousands or millions of dollars in revenue to certain carriers, they are a critical part of your success, or failure and vice versa. While a rate quote may be a suitable form of agreement between shipper and carrier, for low volume service providers, it is not adequate for larger […]

Freight Bid Tip # 8. Perform a Market Test with New Carriers

9 years ago

As the freight bid process comes to conclusion, there is an urgency to award the business so the shipper can begin enjoying the cost savings that were achieved. While this is understandable, it is important to keep several things in mind. First, if business is being awarded to new carriers, they need to come up […]

Freight Bid Tip # 7. Establish Backup Carriers for Most Blocks of Business

9 years ago

We live in an ever-changing world. Trucking companies come and go. They are being bought, sold, merged, downsized and resized every day. Under new management, a company may flourish or deteriorate. In this era of driver shortages, carriers are being very deliberate about how they allocate their capacity. As they focus on yield management, this […]

Freight Bid Tip # 6 – Meet Face-to-Face with Potential Carriers and Perform Due Diligence

9 years ago

We live in an era of impersonal communication. E mails, text messages, tweets and GoToMeetings have replaced face to face communication in many instances. The decision to award millions or tens of millions of dollars in freight transportation to a set of carriers is a very important one. You don’t want to entrust your company’s […]