Procuring truckload capacity is unique compared to other commodities. If your finance department isn't aware of these characteristics that are unique to truckload freight, then getting budget approval might be difficult.
As part of our Trucking AMA series, we asked our panel of trucking insiders to share how they started their motor carrier businesses and offer advice for anyone interested in starting their own trucking company.
Supply chains faced unprecedented disruptions in 2020, but the pandemic provided fresh perspectives for 2021. Members of the Freight Market Intelligence Consortium (FMIC), a group of leading shippers who use DAT iQ for benchmarking, identified two key strategic trends.
Freight is fraught with uncertainties, but with more and more technology and data science entering the industry, artificial intelligence-assisted forecasting can now predict where prices are going with an ever-increasing level of clarity and accuracy.