“Everytime we went to bid it looked like we were saving money. Now it’s turned,” he told the Transplace Shipper Symposium here. The freight market has turned with a vengeance, according to executives at the logistics company’s annual shipper summit, held May 8 to 10.
Shippers are turning to carriers and logistics partners such as Transplace for answers.
If there was an overriding message to shippers at the Transplace event, it was do not expect external forces, such as market cycles, to return pricing power any time soon. Shippers need to find new routes toward more balanced transportation budgets that include helping reduce costs faced by motor carriers and driving more inefficiencies out of their own supply chains.
Indicators point to rates moving higher.
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