Working with a third party service provider can bring additional risk to your supply chain if you’re not prepared and well-informed. Before booking your next load, verify your service providers have rigorous compliance standards in place. Ask these seven questions to start your assessment.
The RFP is a key part of the planning process for high-volume shippers. In this three-part series, Convoy is going to present a unique and improved approach for shippers to get the most out of the RFP process. Please read RFP 2.0 – Improving the Shipper RFP Experience for the introduction. In this installment of […]
Top of mind for most companies right now, supply chain sustainability involves a broad scope of activities that start at the point of raw materials and finish when the final product arrives at the end user’s doorstep or dock. At all points along the way there are opportunities to work in a more sustainable manner. […]
Capacity continues to be abundant across the nation. National tender rejection rates hit a 12-month low on Tuesday, April 9 — reaching 4.85%. However, on Wednesday, April 10, tender rejection rates jumped 13.2% — the largest single-day increase of the year so far — to 5.5%. It’s possible that tender rejection rates have hit a […]
In a three-part series, we are going to show a different approach for shippers to get the most out of their RFPs. The RFP is a key part of the planning process for many high-volume shippers. The goal of the RFP is to help a shipper find the best carriers at the best prices, […]
Last week, we entered the expected beginning-of-the-quarter lull. Volumes fell by nearly 4% this week but remain above February levels. Tender rejections also fell this week as primary freight continues to be accepted by carriers. Compared to this time last year, the market is up 3.4%. But making freight market comparisons to the same week […]
The transportation and logistics marketplace has a lot of companies claiming innovative solutions to really hard freight problems. But, as the saying goes, the proof is in the pudding. Or in this case, the proof is in the performance. During Procter & Gamble’s Annual Carrier Conference, which takes place at the corporation’s global headquarters in […]
While the calendar says it’s technically spring, winter weather caused some freight frustration this week – and will continue to do so throughout the weekend. A heavy snowstorm and high wind advisory is expected to hit the Donner Pass in California through the end of the week. All operating motor vehicles will be required to […]
Thanks to all who attended FreightWaves’ March Monthly webinar sponsored by Convoy. Below, we summarize the webinar for the demand and supply sides of the freight market, and add insights from Convoy too. Demand – Manufacturing Dragging the Economy Overall, manufacturing has slowed, with ISM manufacturing dropping to its lowest levels in the past two […]
A truck broke down; a driver had to be diverted and isn’t going to be able to pick up your shipment on time; or, you’ve gone through your routing guide and haven’t heard back about your bid – now you’re scrambling to cover your load. Regardless of the cause, any of these scenarios can send […]