What will happen to transportation rates in the weeks ahead? Will they go up, stay the same, or go down?
That is one of the most frequent questions I get as an analyst, especially towards the end of the year. And it’s one of the questions I discuss with Carl Fowler, Sr. Director of Business Development and Solutions Design at Menlo Worldwide Logistics, in this latest episode of Viewpoints on the Air.
Both Carl and I believe that the pendulum is swinging in the carriers’ favor, and while we’re not quite in a “carrier’s market” today, carriers are certainly in a more favorable position than they were a year or two ago.
What actions should shippers take? Carl highlights five things:
- Question why you are shipping (i.e., eliminate unnecessary shipments)
- Make sure you are leveraging your spend effectively
- Optimize your network
- Make sure your network is operating effectively
- Have the right metrics in place
For more details on these recommendations and other insights, listen to my conversation with Carl below. Then post a comment and share your viewpoint on this topic.