HOW TO THRIVE DURING A TIGHT CAPACITY MARKET
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A tight truckload market often challenges shippers looking to secure capacity. Whether planning ahead or reacting during a tough situation, there are strategic measures to help align business goals for both shippers and carriers.
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Market tension occurs through a variety of influences, including economic growth, investment in new trucks, and regulations that lower fleet efficiency. As these and other factors play on the truckload market, available capacity shifts accordingly — and sometimes a capacity shortage results.
There are no fail-proof ways to absolutely identify when a capacity shortage will occur. But shippers who watch certain economic and market indicators can better understand cycles and anticipate potential changes to transportation rates. Shippers who are aware of changes in the market should communicate openly with their logistics leaders and providers about annual bidding cycles and the desire to maintain an ongoing relationship—a winning strategy in the long run.
It’s never too late to start taking a more strategic approach to truckload procurement - and there are strategies for success on any timeline. An ongoing effort to seek alignment between shipper and service provider networks is a strategy that can show benefits to both parties. Seeking alignment between business goals and outcomes of both shippers and carriers can result in better rates, more capacity options, and exceptional service levels over time.
This white paper provides insights that will help build a truckload strategy that’s ready for a tight capacity market:
- How to keep tight capacity from holding your supply chain back
- What steps you should take now, in the next 90 days, and in the long term
- 12 strategies to thrive during a tight capacity market
Download C.H. Robinson’s White Paper and meet the experts at TRANSLOG Connect 2018 in Budapest!
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Source: www.chrobinson.com
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