As shippers get ready to finalize their 2020 budgets, the most popular question we have been receiving lately is: “Why are my LTL rates going up when my truckload rates are going down?” The answer to this question has big implications for shippers as they look to manage their freight costs in 2020.
Earlier this year we released our eBook Managing Your Transportation from the Inside Out: How to Create a Transportation Spend Management Plan. We’ve gotten a ton of positive comments about the eBook because it illustrates what can happen when shippers start to manage their freight from the “Inside Out” versus “Outside In.”
If you have the same strategy for sourcing truckload and LTL carriers, think again. As recognized experts in conducting transportation sourcing events, one of the biggest mistakes we see shippers making is treating truckload and LTL the same when it comes to conducting their annual RFP sourcing events.
What is the one attribute that companies have in common when it comes to managing logistics, and building great supply chains?
