The 2:00 Minute Warning

For Chicagoans, this has been a tough couple of weeks. Our beloved Chicago Bears saw their Super Bowl dreams bounce off the crossbar and the iconic Chicago-based company Sears is facing liquidation.

As a native Chicagoan who once worked in the Sears Tower, the demise of Sears underscores the reality that in today’s business environment, if you’re standing still you’re likely to get run over. There have been several articles highlighting all the reasons for this but almost every article notes that after 126 years in business, their story is coming to an end because they did not effectively adapt to changing conditions.

Practically speaking, in 2018 the transportation industry experienced seismic change. Consequently, by May 2018 CEOs from one-third of the S&P 500 companies had cited higher transportation costs on their bottom lines, according to Sentieo Research. And several companies such as Kraft, Sealed Air Corp., General Mills and Coca-Cola were forced to raise prices to offset higher freight and material costs.

On the bright side (and there is one), many companies are using what has occurred as the impetus to change some things in order to get their arms around spiraling transportation costs. And because of their willingness to change they are heading in a better direction than in the past through finding opportunities to improve their transportation operations.

If you are wondering how are they doing this, you’re going to want to check out our Cleaning Up After the Storm Webinar we hosted this past December or our Perfect Storm Webinar we hosted in August. In these webinars you can learn about the strategies and tactics used by companies like Home Depot, SanMar and Colgate-Palmolive to manage their transportation costs and improve their profitability.

We also have several examples of how TranzAct has partnered with companies to improve their transportation areas, lower their costs and improve their profitability. Savings have been found in many ways: through implementing a TMS, reducing LTL spend, conducting a competitive truckload sourcing event, or from better data and insights into shipping activities through the right freight audit and payment process. The one objective that never changes is our commitment to helping our customers improve their bottom line profitability.

These are just a few examples. We encourage you to give us a call at 630-833-0890 or send us an email to learn more about how TranzAct can partner with you to lower your costs and improve your bottom line profitability.

And remember, as always….we’re on your team, here to help, and passionate about helping you have a better future.