Transportation cost analysis: Beyond benchmarking to improve carrier pricing
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. Without clear budgeting and cost-prediction […]
10 transportation KPIs freight market participants should measure
Tracking the right key performance indicators (KPIs) is essential in all industries. Unfortunately, the list of possible transportation KPIs can make figuring out the most valuable metrics troublesome. As reported by S.L. Fuller of Transport Dive, “every company in every industry has a checklist of key performance indicators, ranging from EBITDA to growth metrics. […]
