Spring is finally here in New England, as the days are beginning to warm up. The freight markets seem to be cooling, however - depending on which pundit you listen to.
For some quick reads, check out this piece from my personal favorite Jason Miller (of the esteemed Michigan State University supply chain program) and this piece from Craig Fuller at FreightWaves.
Either way you lean, technology now makes it far simpler for shippers to gauge contract market temperature through targeted mini-bids. This has been a popular service offering recently with JBF clients, and can likely be a quick and relatively low-cost way to secure some discounts.
The best approach?
Identify those lanes that are most commonly using spot-market capacity, package them up in a small bid (small quantity of lanes, open network of carriers) and execute.
Here’s a great piece by Dennis Heppner around this topic.
-Brad Forester, CEO
P.S. If you’re going to ICON 2022 in Orlando later this month, drop me a note. Let’s meet in person!