Taking a more strategic approach to truckload procurement helps align the business goals and outcomes of both shippers and carriers, and can result in deep savings and exceptional service levels over time.
By taking these ten steps, shippers can obtain better access to capacity, regardless of economic and market conditions.
Economic and market activity drives availability of capacity. When product demand is weak, less freight moves and more capacity is available.
But when demand increases and freight exceeds the available truck supply, a capacity shortage results.
In tight capacity markets, service providers have a greater choice of business options resulting from increased demand.
At such times, some shippers may have trouble obtaining the equipment they need and are likely to pay higher transportation rates. Those who experience the most trouble have likely:
It’s never too late to start taking a more strategic approach to truckload procurement - a mutually beneficial relationship between shippers and service providers.
An ongoing effort to seek alignment between shipper and service provider networks is a strategy that can show benefits to both parties.
Seeking alignment between business goals and outcomes of both shippers and carriers can result in better rates and exceptional service levels over time.
10 Tips to Prepare for a Tight Capacity Market