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Businesses rattled by high logistics costs and freight bottlenecks are extending the workarounds they adopted during the pandemic and taking on new strategies to ease their supply-chain pain in the new year. Some are extending their use of stopgap measures, such as storing goods in idle truck trailers, while others are making deeper efforts to . ....
Jul 17, 2020 During the turmoil of 2020, a number of shippers, carriers and 3PLs say they have not only survived but have used it as an opportunity to come out ahead. This is the second installment of a two-part series on how the free market responded to the COVID-19 crisis. Part 1 explored pricing volatility experienced by carriers, 3PLs and shippers. This article delves into the hot-button issue of rate transparency. When negotiating rates, shippers, 3PLs and carriers have access to the same data to track and monitor trends in contract and spot freight markets. The information gives all parties a baseline for rate negotiations and strategic planning. ....