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Welcome to issue #28 of JBF Freight Transportation Industry Bulletin, a monthly newsletter curated by the JBF Consulting team, with a focus on supply chain, transportation, logistics and of course freight.
In this Issue
- Are freight markets are cooling?
- Are Annual Carrier RFP Events Dead?
- Can a TMS Virtual Super User be Your SuperHero?
- NEW POLL: Frequency of Shipping Forecasts Reviews
- Freight Tech Trends Relevant Right Now
- Introducing The Digital Logistician
- Cleveland JBFers Welcome Mike Ferguson
- Meet Mike Ferguson
- JBF is a Proud Sponsor of Blue Yonder ICON
- TMS Transformation for Automotive Sector Manufacturer - Success Story
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A Message From Brad Forester, CEO
Spring is finally here in New England, as the days are beginning to warm up. The freight markets seem to be cooling, however - depending on which pundit you listen to.
For some quick reads, check out this piece from my personal favorite Jason Miller (of the esteemed Michigan State University supply chain program) and this piece from Craig Fuller at FreightWaves.
Either way you lean, technology now makes it far simpler for shippers to gauge contract market temperature through targeted mini-bids. This has been a popular service offering recently with JBF clients, and can likely be a quick and relatively low-cost way to secure some discounts.
The best approach?
Identify those lanes that are most commonly using spot-market capacity, package them up in a small bid (small quantity of lanes, open network of carriers) and execute.
Here’s a great piece by Dennis Heppner around this topic.
P.S. If you’re going to ICON 2022 in Orlando later this month, drop me a note. Let’s meet in person!
Click here to read the JBF May 2022 Bulletin
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The fine print: This newsletter is being provided to the reader as a general overview of current market conditions and contains information compiled by JBF Consulting from a variety of sources.
This newsletter is provided solely for general informational purposes and is not intended to be, nor should it be construed by the reader as, specific advice or a solution tailored to a particular company or client.
Before acting on any information, you should consider the appropriateness of the information provided to your company’s circumstances and it is recommended that you seek independent advice if you have questions specific to your own objectives.