It’s that time of the year where I’ve started getting questions and requests for tips regarding transportation budgets for 2018. Whether you’ve completed your budget or are working on it now, here are a few things you’ll want to ask:
- Are you factoring in an increase in rates? When one of the largest TL carriers sends out a note telling shippers to budget for a 10% increase in rates, it's entirely possible that we may see truckload rates go up by 5-8% for many reasons that we talk about in the blog we released last week.
- Have you asked the "what if" questions you need to consider in order to build a more accurate budget? If the experts are right about the perfect storm approaching, you can’t depend on traditional assumptions.
- What kind of market research are you relying on to build your budget? Over the next few weeks, we'll provide interviews with industry experts and resources from MIT and Penn State that will help you address the "what if" questions.
If you're about to finalize a budget and need insights or help right now, simply give us a call at 630-833-0890 or send us an email. We’re on your team, we are here to help, and we are passionate about seeing you be successful.
