Widespread market volatility since the economic crisis of 2008 means that traditional forecasting methods are insufficient, says Charles Chase of SAS. Fortunately, advanced technologies for collecting and analyzing vast amounts of real-time data are giving companies new ways to sense and even shape demand.
Ninety-three percent of companies canvassed said the fuel surcharge (FSC) is the most common accessorial published by shippers, with the vast majority utilizing a cents-per-mile-based schedule versus a percentage-based fuel method.
Sourcing and transporting raw materials and components are growing expenses for U.S manufacturers and distributors. Foster Finley, managing director, AlixPartners LLP, offers advice on how better sourcing decisions can help keep these costs in control.