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Journal of Commerce: “US logistics managers scramble to cut trucking costs”

US logistics managers scramble to cut trucking costs

Following a year when US surface transportation budgets were not just blown, but shredded and burnt, logistics managers are ripping up their playbooks and looking for new ways to control costs, if not cut them. They’re working cheek-to-cheek with truckers and logistics companies to eliminate inefficiencies while placating impatient CEOs, CFOs, and procurement officers.
If not, they’re likely hoping to finish rewriting their resumes before being kicked off the dock and onto the curb. Double-digit increases in transportation costs, especially for-hire trucking rates, shook some of the largest publicly owned US retailers and manufacturers this year, sending shudders through financial markets and raising fears of consumer price inflation.

Read more here.

September 21, 2018