70% of annual RFP lanes procured not materializing
FreightWaves on Tuesday interviewed Angela Acocella, postdoctoral researcher at Tilburg University and researcher with the MIT Center of Transportation and Logistics looking at the impact of ghost lanes on shipper and carrier networks. A ghost lane can be characterized as a lane that is awarded in a strategic bid or RFP but failed to materialize and no loads are tendered. During the...
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In this edition: It’s not your mama’s bid season this year; Shippers are on the hook for carbon emissions; and UPS tries to get customers back on their side.
It’s not going to be fun and games for the fourth...
https://www.freightwaves.com/news/check-call-bid-now-dont-wait
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Learn How Trimble Transportation can help manage your RFP process at https://transportation.trimble.com/
https://www.freightwaves.com/news/daily-infographic-your-guide-to-successful-rfps
A major attraction of FreightWaves’ The Future of Supply Chain live event in Northwest Arkansas on May 9-10 will be the seven-minute live demos. Here’s a preview of one of those demos.
Emerge is showcasing its Freight Procurement Platform as it seeks to transform the $800 billion freight industry. The Dynamic RFP platform combines the capabilities of a robust RFP platform to optimize contract lanes while innovating the regular bid cycle through its use of technology and data. Additionally,...
Historically, the RFP process has been laborious, expensive and exclusive. Shippers have aimed to work with as few carriers and brokers as possible while locking in rates on an annual basis. Over the past couple of years, market shifts and capacity constraints have illuminated the flaws in this unsustainable process.
“For many years, if you talked to shippers, their whole goal was to limit the amount of carriers that had access to them. If a shipper could use one carrier for everything, they...
https://www.freightwaves.com/news/old-school-rfp-processes-are-keeping-shippers-in-the-past
Episodes of Check Call the Podcast come out every Tuesday at 12:30 p.m. EST on FreightWavesTV.
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Hot Take
We chatted earlier this week about RFPs and how they need to be better, more cohesive and easier to process. That’s much easier said in theory; putting it into practice can be a lot harder than originally anticipated.
The RFP process is evolving. Traditional RFPs are heading out and a new,...
https://www.freightwaves.com/news/check-call-not-your-average-rfp
Episodes of Check Call the podcast come out every Tuesday at 12:30 p.m. EST on FreightWavesTV.
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Hot Take
One thing everyone loves to hate but we can never get rid of is the good ole request for proposal. Who doesn’t love sifting through endless rows of data, wondering where to even begin to understand what is wanted as a response? There can be...
https://www.freightwaves.com/news/check-call-another-rfp-woo
The past couple years have made it clear that rapid market shifts are simply part of doing business in the transportation and logistics industry. How a company reacts to those changes has the power to make or break them, either growing their bottom line or plunging them into the red.
“COVID has massively disrupted supply chains and changed consumer behaviors,” Kyle Jepson, Emerge Senior Vice President of Product said. “It has had a huge impact on the need for shippers to adjust to changes in...
https://www.freightwaves.com/news/shippers-be-nimble-shippers-be-quick-to-survive
The RFP process can be tedious during a normal year. In a year when capacity is tight, e-commerce is surging and the course of the coronavirus pandemic remains unpredictable, it can be downright overwhelming.
Many shippers would benefit from taking their RFP process digital as they attempt to navigate this precarious landscape. This streamlines the bidding process, allowing them to spend less time and money caught up in this often stressful process.
“The first thing I would recommend would be to...
https://www.freightwaves.com/news/tap-into-a-digital-network-to-expedite-your-rfp-process