The one definitive in supply chain is that every action has a series of reactions. Those reactions drive policy, practice, behavior and a multitude of other conditions on the ground that we all manage. In the case of COVID-19, the impact goes even deeper from a psychological perspective in how we begin to mitigate risk […]
In today’s truckload rate environment, volume LTL and partial truck routing options become viable from both a cost basis and service standpoint. The lack of truckload capacity presents opportunities to reduce order quantities down to LTL size shipments in order to find routing options. The options rest in both traditional LTL carrier routing and partial […]
A freight factoring company is a financial third party that provides funding to a carrier at a discount to the actual receivable owed to the carrier by the shipper or broker. Freight factoring typically comes with two options. The first is when the factoring company takes most of the ownership of the carrier receivable and […]
Following up on our earlier segment on data, we recently had an opportunity to participate in a truckload RFP, and as a result, attempted to not only make sense of the current market, but more importantly, predict the future market. As we look at the volatility in the market with states mitigating the impact of […]
Regardless of your spend under management, TMS technology is more easily engaged today than it ever has been. Cloud based platforms are dominating the market. According to Orbis Research in an article published by GlobeNewswire (2020), the global Transportation Management Systems (TMS) market size is expected to gain market in the forecast period of 2020 […]
Read the full feature from Inbound Logistics! Rockfarm Mission Statement Rockfarm’s Mission Statement is to lower our clients’ supply chain “cost to serve.” Since our inception, our goal is to deliver visibility of the true cost to serve the market. Whether at the unit or part level, seeing the cost to serve our clients’ customers […]
Last year, Market Watch rolled out a press release stating a 14.8% growth in TMS technology by 2024. Acceptance of a TMS, Transportation Management System, is gaining ground due to ease of implementation and low cost. TMS is becoming accepted by shippers regardless of size or complexity. The evolution of TMS has become generally accepted […]
LTL general rate increases (GRI) have or will be taking effect as we kick off 2020. The formula behind each one will vary by carrier to include the approach the carrier takes with each individual account. The sophistication level with each carrier and how they apply their own “secret sauce” to pricing your business is […]
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