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

4 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 […]

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

5 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. […]

What Data Do Shippers Need to Prepare to Conduct a Freight Bid?

5 months ago

Securing competitive rates from carriers is a fundamental component of each freight bid. To construct accurate bids, carriers require good quality shipping data. Inaccurate or superficial data can invalidate the entire bid process. Poor quality data also reflects badly on the credibility of the manufacturer or distributor. What Data Does a Shipper Need to Prepare? […]

Transportation Executives Must Now Consider Geopolitics in Their Planning Efforts

12 months ago

For many years, Transportation executives have had to consider a range of variables in crafting their supply chain strategies. These variables have included the economy, carrier capacity, customer demand, interest rates, inflation, climate change, technology, energy costs, Ecommerce strategy, and availability of raw materials. While geopolitical issues such as trade policies with NAFTA countries, the […]

Will We Escape a Recession in 2023?

2 years ago

Friday’s surprising U.S. January jobs number raised multiple questions about the status of the American and Canadian economies and the prospects for a recession in 2023. The figure of 517,000 non-farm jobs created in January was significantly higher than the market estimate of 187,000, and the job creation figures for the previous five months. Despite […]

Engage your Business Partners in your Supply Chain Decisions

6 years ago

Carrier costing models have evolved over the past couple of decades. Freight rates are based on the complete set of transportation-related processes at origin, in transit, and at destination, to serve each client. To effectively manage freight expenses, shippers must have a full understanding of all three elements. Shippers with weak shipping order procedures and […]

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New Study Highlights Significant Impact of Recently Negotiated USMCA on the North American Automotive Industry

6 years ago

On January 10, 2019, LevaData, a supply chain AI company, released the results of its 2018 Automotive Survey based on responses from one hundred US-based auto executives. All of the individuals surveyed are senior executives of car manufacturers, car parts manufacturers or are in leadership positions in related industries. The study was designed to gather […]

The 10th Anniversary Surface Transportation Summit Will Address many of the Key Issues Facing Professionals in this Industry

6 years ago

Ten years ago, my colleagues at Newcom Business Media and Dan Goodwill & Associates set out to create a high quality educational and networking event for Transportation Professionals and Decision-Makers. From humble beginnings, the conference has evolved into Canada’s premier event in the Surface Transportation Industry. The Surface Transportation Summit now attracts hundreds of Logistics […]

Blockchain in Freight Transportation

7 years ago

Investopedia defines Blockchain as a distributed database that holds records of digital data or events in a way that makes them tamper-resistant. While many users may access, inspect, or add to the data, they can’t change or delete them. With Blockchain, transactions agreed by consensus are added to a block, a unique cryptographic code is […]

Select Quality Carrier Partners to Prevent Capacity Shortages in 2018

7 years ago

Economic conditions are solid as we approach the first quarter of 2018. Unemployment is low and companies are hiring. Demand for freight transportation services should be strong during the first half of the New Year. Shippers need to contend with a range of variables that are shaping the supply and demand for freight transportation services. […]