Sourcing Transportation:

Over one-fifth of all transportation expenditures are incurred via long-term carrier contracts. In the US alone, this is estimated at nearly a half a trillion dollars ($484 billion) of annual transportation spend -50% of total US Business Logistics costs ($970 billion).

With contracted carrier spend encompassing 50% of total logistics cost, it is imperative that shippers secure the most competitive rates available, while maintaining the service levels that their business demands. But establishing and managing carrier contracts can be a very tedious and time-consuming process, often resulting in shippers and carriers spending valuable time and resources negotiating and securing contracts.