Shippers, why are you still using brokers or spot?

Shippers, why are you still using brokers or spot?

I ask this question to shippers a lot, and when I say a lot, I mean A LOT.  The top five answers are on the board:

  • I don’t have a choice when I need to move a load.
  • I’m not sure, I think someone has a relationship with them. It’s the way we’ve been doing it around here forever.
  • They are part of my TMS and our tender process. 
  • They provide good service
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Carrier Cost Is One of the Quickest Ways to Reduce Total Transportation Cost

Carrier Cost Is One of the Quickest Ways to Reduce Total Transportation Cost

Transportation costs continue to rise making it difficult for shippers to effectively manage their transportation budgets. Did you know that the top 3 transportation metrics are related to carrier cost? They are: freight cost per unit shipped, outbound freight cost as a percentage of net sales, and inbound freight cost as a percentage of purchases. These carrier costs play a crucial role in total transportation spend. One of the quickest ways to reduce transportation spend is to select the most cost-efficient carriers. 

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Truckload Pricing and Market Fluctuation

Truckload Pricing and Market Fluctuation

Once again, supply and demand have impacted truckload rates. Simply put, there are not enough drivers on the road to move US goods to designated destinations. The carrier shortage has been fueled by COVID, and new drug and alcohol testing protocols, leading to a capacity crunch. Capacity is the tightest it has been since 2018. Truckload pricing continues to grow, and some analysts believe shippers will experience rate hikes as high as fifteen percent in 2021. In order to attract more drivers, increased wages will be needed which will fuel higher truckload pricing.  

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How To Find Trucking Capacity In A Tight Market And Reduce Truckload Freight Costs

How To Find Trucking Capacity In A Tight Market And Reduce Truckload Freight Costs

Co-op blog with our partners @MercuryGate

As seasonality and disruption continue to redefine the capacity crisis, more companies turn to new technology, including digital freight matching, to streamline operations. Automation is rapidly becoming the cornerstone of technology-powered trucking capacity sourcing strategies. Shippers and l

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Bringing the 3 T's Back Together: Transportation, Transparency & Trust

Bringing the 3 T's Back Together: Transportation, Transparency & Trust

Seems there has always been a small undertone of mistrust within transportation and logistics. The year 2020, along with all of its challenges and uncertainty, has lifted trust to the foreground. For example, carriers have accused brokers-- whom they use to find and book loads-- of price gouging. Carriers are rejecting 1-4 loads nationally, disrupting contracted freight leaving many shippers wondering if long-term relationships are even worthwhile. Seems the days of accepting someone’s word is no longer enough. So what can be done to help close the gap, and build back trust? One important word comes to mind.... drum roll, please.... transparency! 

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Extreme Market Disruptions Force Shippers to Evaluate How They Secure TL Services

Extreme Market Disruptions Force Shippers to Evaluate How They Secure TL Services

2020 has undoubtedly added disruption to the supply chain. Shippers across the US are scrambling to overcome the unexpected swing in truckload capacity and pricing. The traditional way of procuring freight transportation, through static annual contracts, is no longer best practice especially with market unknowns looming in the backdrop. “Shippers are struggling today. Contracted carriers are not meeting commitments because inked deals are no longer attractive,” said Mike Nervick, Sleek Technologies CEO. “The industry has seen an increase in carriers breaking contracts.” 

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Edge 2020 Cliff Notes

Edge 2020 Cliff Notes

Last week, the Council of Supply Chain Management Professionals (CSCMP) had their annual EDGE conference/ exhibit. Like many industry events, the conference was held in a virtual format. Our very own Dean Corbolotti, Sleek Technologies Operations Leader, attended CSCMP. Here are Dean’s cliff notes for those who missed the event.  

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Sleek Match Engine Fuels Capacity & Savings

Sleek Match Engine Fuels Capacity & Savings

Overview 

Sleek Technologies launched Sleek Match Engine back in October 2019 with a goal to simplify logistics by automatically matching drivers to loads. Match Engine, a proprietary machine-learning engine, leverages predictive algorithms, smart business rules, and a system of measures to gauge the likelihood of a specific driver to have an interest in a particular load. Match Engine overlays multiple internal and external data sources to find the perfect driver, which provides much-needed capacity, above average service levels, and shipper savings for our customers. 

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Help Us Celebrate National Truck Driver Appreciation Week!

Help Us Celebrate National Truck Driver Appreciation Week!

Over 3.5 million men and women haul goods across America. These professional truck drivers have extremely demanding jobs, which feed directly into the health of our economy. They drive both night and day to ensure goods arrive safely and on time. Sometimes they leave thier loved ones behind for multiple days at a time. Without these truck drivers, local commmunities across the nation would not receive the products they want and need! 

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Looking for Additional Capacity, Along with Cost Control?

Looking for Additional Capacity, Along with Cost Control?

Shipper Capacity & Cost Control

Have you heard about Sleek OTS Plugin? Sleek OTS Plugin was designed to help our shipper customers navigate market fluctuation. OTS, Optimal Truckload Spend, places capacity, and freight cost control, in the hands of shippers. To learn more about OTS, read The Executive’s Guide to OTS, click here

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