Supply Chain Benchmarking for Beginners
You don’t have to use historical data to justify your contracts…or at least you shouldn’t. Transportation pros from the executive seat down to the entry-level analyst have better data to lean on to make their jobs easier. A common way for shippers to run RFPs, annual bids or even shorter projects is to simply rely […]
5 Freight Benchmarking Best Practices
Freight benchmarking is one of the most important tasks any company can undertake. If you do not know how you compare to your peers, then you are driving in the dark in many ways. Belonging to a benchmarking group eliminates a company’s desire to keep the status quo. The external data and metrics from a […]
Freight Brokerage Benchmarking: Your Prescription for Success
Let’s face it, starting a brokerage does not require significant upfront capital, relative to other businesses in other industries. In fact, many of the nation’s top logistics operations started with a telephone, a prospect list and the dream of an entrepreneur. Despite the ease of entry, growing a successful brokerage business with true staying power […]
Why freight brokerages should benchmark their performance against competitors
FreightWaves offers financial and operational benchmarking for 3PLs and freight brokerages
