CHRW: How to combat overruns by rethinking your approach to freight budgeting

CH Robinson’s Ryan Hammett writes:

In the world of full truckload shipping, managing budgets has long been a tricky endeavor. Shippers consistently grapple with budget overruns, which can range from a manageable 6% to a staggering 180%. As the industry continues to evolve, it’s becoming increasingly clear that traditional budgeting methods are falling short. The reliance on annual RFPs and routing guides often fails to account for the unpredictable nature of freight transport, leading to significant discrepancies between forecasted and actual ...