Cowen predicts truckload contract pricing will increase 1.6% in the next 6 months. This is ~half the long-term running average. My experience is that few companies use best practices when bidding on freight. The best practice is to bid:
- Origin-destination mode
- Rate
- Expected payload
Here is an example of a routing guide from a “best practices” company: By incorporating clear parameters and optimizing routes, companies can significantly improve cost efficiency, reduce transit times, and enhance overall supply chain performance.
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