Mastering your freight budget: Accurate forecasting in any market
Striving for perfect accuracy in freight forecasting is unrealistic given the inherent uncertainties in the ...
As shippers become more focused on speed rather than quantity from their hauliers, XPO’s new chief operating officer, Kenny Wagers, has called on them to provide better data. Speaking to JOC, Mr Wagers says if hauliers can get shipment information earlier, they can plan with greater precision, allowing networks to run more “timely”. Like a number of operators, XPO recognises the profit potential from the less-than-trailerload market. Last year the company’s profitability went up despite declining volumes. Even so, Mr Wagers says, more accurate data can improve this further.
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