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 […]
How building density in freight and transportation networks drives profitability for 3PLs
The rise of digital logistics and freight market intelligence has a profound implication for third-party logistics providers (3PLs). Companies are finding ways to do more with less, but as a 3PL or a freight brokerage, doing more with less can almost feel like doing way more with less profit per transaction. And according to Seth […]