When shippers ask “Is it me or is it the market?” the answer is almost invariably, it’s you.
Transportation is a huge expense for businesses, especially those in the retail and manufacturing industries. You know that you need to get the best rates possible, but how can you be certain that your negotiated rate is good? An understanding of the market and key market indicators is imperative for any business on the journey to optimize their transportation costs.
In this article, published in Supply and Demand Chain Executive, Matthew Harding, Principal in the Transportation Practice, lays out what you need to know in order to not only understand your transportation rates, but how you can take control of your transportation spend.
Read the full article to learn how you can use relationships, strategic bidding and benchmarks to make sure that you’re shaping your transportation rates, not the market.
Read the entire article on Supply and Demand Chain Executive’s website