Shippers today find themselves in a difficult and costly situation: their routing guides are often broken and they’re having to go to the spot market to cover their loads, which is costing more than they had budgeted. The great transportation spot market inversion has occurred. What does that mean for shippers? How should they respond? […]
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Andrew Lockwood, Senior Manager Analytics & Solution Design at Kenco Group, discusses the following questions and more in this timely and informative episode: What is this “spot market inversion” and what factors are behind it? What does this mean for shippers? How should they interpret and respond to this trend? What’s the biggest mistake a […]
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Data from various sources indicate that truckload capacity is starting to tighten. For example, here’s some data from Wolfe Research published earlier this year: When capacity gets tight, shippers tend to leverage the spot market more. But there’s always the risk of service or safety issues when you go that route. What are some best […]
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Data from various sources indicate that truckload capacity is starting to tighten. Are shippers starting to feel the effects, and if so, in what ways? What are some best practices when it comes to finding reliable and safe carriers using the spot market? How can shippers use a transportation management system to manage their contracted carriers more effectively? Can […]
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