While indications of a freight market shift are heartening for carriers, their strongest impacts will not be seen until well after the conclusion of the next bid season.
Unlock the full potential of your freight procurement RFP. As a high volume shipper, building a stable carrier portfolio is crucial, and a well-run RFP is the first step towards […]
Some large retailers say they’d rather pay trucking companies more during this freight recession and avoid a trucking bloodbath.
Learn How Trimble Transportation can help manage your RFP process
The logistics industry is collaborative by nature and leaning into that fact is one of the most effective ways carriers can ward against turmoil during market shifts.
Like a mechanic, we maintain and repair moving parts of your transportation machine; we don’t drive the machine, we fix it.
When pandemic-fueled headwinds pushed historic amounts of freight into the spot market, many shippers found themselves running an unmanageable amount of seasonal bids to compensate for annual contract failures.
Shorter RFP cycles allow shippers to take advantage of market shifts in the short term, enabling them to maintain rates that are as close to real-time market offerings as possible.
This year, American consumers are expected to spend $7.7 billion – a number that has climbed over $1 billion since 2019 – on food items leading up to the July 4 holiday.
Shippers are beginning to realize that their tried and true RFP methods will no longer keep them competitive in a changing market, pushing them to consider new, data-driven options.
Building the most effective RFPs possible requires self-awareness, attention to detail, industry insights and a willingness to adopt new technologies.
Many shippers are now looking to shorten the duration of their bid contracts in order to take advantage of current capacity and avoid being locked into sky-high rates as the market shifts.
As farmers prepare for harvest, shippers should ready themselves for the seasonal rate increases and capacity shortages that accompany fresh fruits and veggies each year.
In order to take advantage of different RFP options, shippers must have access to the data they need to determine which lanes need to be repriced and when. Success requires coupling decision-making with efficient technology.
Shippers may benefit from limiting the number of partners they work with in a loose market, but this exclusionary approach has become a serious — and seriously expensive — problem as capacity has tightened and rates have climbed to record highs.
The RFP process should be easier, vaccination mandates cause border woes, and the power of rail.
CCO Sean Burke shares results from Echo’s recent survey on shipper sentiment for the RFP season.
Digital RFPs allow shippers to award bids faster and perform far less manual labor, bolstering their bottom lines and allowing them to repeat the RFP process more often.
Freight is attracting record levels of investment right now, and Emerge’s dedication to making the industry more flexible and efficient through digitization has drawn attention.
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be quite rigid.
Learn how technology and automation can help maximize profits and strengthen your partner relationships at MyBlueGrace.com
Transportation procurement system will handle $4B worth of bids this year.
The increased efficiency shippers find when using digital RFP tools will allow them to both build out their carrier networks and increase the frequency of their RFPs, giving them the power to respond to market shifts earlier.
For one global healthcare company seeking to avoid unexpected costs and shipping inefficiencies, while simultaneously unlocking the benefits of multiple countries and business units under one RFP, powerful automation proved to be the missing piece to the RFP puzzle. Let’s take a look at four reasons why automated LTL RFP processes, like SMC³ BidSense®, are equipped to help save the day.
Picking up the phone before partnering up can help identify ill-suited broker-shipper relationships and avoid costly mistakes.
The RFP process can be daunting, but these tips can help set you up for success.
This white paper explores the challenges presented by the RFP process.
This webinar will discuss the results of a recent study by FreightWaves and Trimble to identify the biggest challenges and the primary factors that are considered by both shippers and carriers during the RFP process.
With all the uncertainty the COVID pandemic has brought to the freight markets, deploying the right technology provides the clarity shippers need to maximize supply chain efficiency.
As every carrier and brokerage knows, the pressures facing pricing and commercial leaders in transportation have never been greater. RFP volumes are increasing with shorter contracts, and rates are more volatile than ever. Now is the time to reassess your commercial operations, but choosing where to focus your time and budget is a daunting task.
Transparency is at the foundation of all excellent relationships. When there are grievances within the supply chain, an open line of communication and a commitment to more transparent, intentional dealings is the key to our collective success.
Join FreightWaves as we partner with Winmore for an hour-long webinar on Wednesday, May 20 at 2pm ET, featuring ProTrans CCO Shawn Masters discussing how Winmore’s Bid and Tender collaboration software helped them achieve their business goals.
When responding to requests for proposals in the contract bidding process, rail and intermodal service providers should tout not only their competitive pricing but why shippers should diversify their modal options.
The company describes Winmore 360° as the world’s first LSP-focused integrated software for every stage of the transportation RFP process and tendered lifecycle.
