There was a time when the capacity crunch dominated the headlines in 2018. Then, in 2019, capacity grew exponentially and the freight market was seeing hundreds of carrier bankruptcies. Then, the COVID-19 global pandemic created a surge in freight volumes, increasing tender rejections and making truckload freight procurement challenging at best. A highly active hurricane season added more disruption. Even before the pandemic, in early March, companies had trouble keeping capacity and delivery commitments, said Peter Moore of Logistics Management:
1. Leverage Digital Freight Matching
2. Automate Tendering Processes
3. Use Autonomous Logistics to Manage by Exception
4. Apply Data in Negotiations
5. Increase Reporting and Collaboration With Carriers
Augment Carrier Capacity With a Truckload Freight Procurement Inclusive TMS
Across the spectrum of logistics companies, the need for continuous improvement is absolute. All organizations want more capacity, transparency, agility, responsiveness, and throughput. These characteristics form the foundation of an effective supply chain. And it is essential to realize that all those processes can involve truckload freight procurement. Unfortunately, finding capacity continues to be a key challenge. That challenge is amplified for non-asset-based brokerages and shippers that are continuously trying to find a better deal. And in fact, companies are turning to supply chain transportation technology experts to build meaningful density in their carrier network. Take this final example.