Navigating The Freight Market

Navigating The Freight Market

Gr Trucking | Concrete Recycling | Material Trucking | Sacramento

Navigating the freight market right now is difficult because of the increase in fuel prices. Experts say that fuel prices will remain relatively high until the end of the year so what is important now is to learn how to navigate this crazy freight market. Do you budget? Do you cut costs? Do you adjust your business strategy? Today we are going to help you answer questions like these with a few pointers.

As mentioned above, the entire market is going through it right now. So, it does not hurt to compare at least a few quotes and modes to make sure you are getting the best cost and most efficient service possible. Put freight companies up against one another to get the most out of freight costs.

Another thing you can do is buffer your freight budget and transit time for changes. Costs due to unforeseen delays or limited capacity can arise so be prepared. Understanding that delays and extra charges may arise is important. Freight forwarders are trying their best to move your goods but because the market is so unstable, things like delays and added charges can occur out of forwarders’ control. So just be ready and anticipate these to come your way.

Lastly, the best thing you can do is control what is in front of you. By that we mean paying attention to the profitability of your goods and consider if a pivot is worthwhile. Whether that is adjusting your strategy or shifting your priorities, if a change needs to be made internally that might be the easiest way to keep your business afloat. When things like the crazy freight market throw curveballs at you sometimes the best thing you can do is adjust things that you have control over.

We understand that this freight market is not easy and a huge inconvenience to everyone in it but hopefully these tips will help you and your business survive until we get back to normalcy.