RFP

RFP cycles have shrunk from 18 months to just 30 days. Triumph’s new tool replaces spreadsheets with data-backed freight RFP management

Historically, shippers struggled to align their freight needs with rigid mode options like LTL and truckload. Less-than-truckload (LTL) services often come with hefty fees and increased damages, while shipping a partially empty truckload is essentially paying to ship air. Shared Truckload (STL) has emerged as a convenient and increasingly popular option for these shippers. Shared […]

Jonathan Salama, co-founder and CEO of Transfix, emphasized during a conversation with FreightWaves the two primary challenges facing brokers today: securing more freight and maintaining strong margins.

SONAR data will power Transfix’s predictive rating models for freight brokers.

While indications of a freight market shift are heartening for carriers, their strongest impacts will not be seen until well after the conclusion of the next bid season.

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Unlock the full potential of your freight procurement RFP.  As a high volume shipper, building a stable carrier portfolio is crucial, and a well-run RFP is the first step towards achieving that. This technical guide goes beyond the basics, providing insights on fixing overlooked flaws in your procurement process you didn’t know were broken. We’ll […]

Some large retailers say they’d rather pay trucking companies more during this freight recession and avoid a trucking bloodbath.

Learn How Trimble Transportation can help manage your RFP process

The logistics industry is collaborative by nature and leaning into that fact is one of the most effective ways carriers can ward against turmoil during market shifts.

Like a mechanic, we maintain and repair moving parts of your transportation machine; we don’t drive the machine, we fix it.

When pandemic-fueled headwinds pushed historic amounts of freight into the spot market, many shippers found themselves running an unmanageable amount of seasonal bids to compensate for annual contract failures.

Shorter RFP cycles allow shippers to take advantage of market shifts in the short term, enabling them to maintain rates that are as close to real-time market offerings as possible.

This year, American consumers are expected to spend $7.7 billion – a number that has climbed over $1 billion since 2019 – on food items leading up to the July 4 holiday.

Shippers are beginning to realize that their tried and true RFP methods will no longer keep them competitive in a changing market, pushing them to consider new, data-driven options.

Building the most effective RFPs possible requires self-awareness, attention to detail, industry insights and a willingness to adopt new technologies.

Many shippers are now looking to shorten the duration of their bid contracts in order to take advantage of current capacity and avoid being locked into sky-high rates as the market shifts.

As farmers prepare for harvest, shippers should ready themselves for the seasonal rate increases and capacity shortages that accompany fresh fruits and veggies each year.

In order to take advantage of different RFP options, shippers must have access to the data they need to determine which lanes need to be repriced and when. Success requires coupling decision-making with efficient technology.

Shippers may benefit from limiting the number of partners they work with in a loose market, but this exclusionary approach has become a serious — and seriously expensive — problem as capacity has tightened and rates have climbed to record highs.