The Future of RFPs: The Key to Unlocking Greater Efficiency and Profitability

April 19, 2021

For decades, request for proposal (RFP) processes have served as the cornerstone for freight procurement. Shippers have historically gravitated toward contract freight for its reliability and pricing consistency, but due to the recent onslaught of digital freight partners that promise shorter-term contracts and real-time pricing, many industry constituents wonder whether or when RFPs will evolve.

In an effort to dig beneath the surface of RFPs’ stronghold on the industry, Trimble and FreightWaves partnered to survey shippers, carriers and brokerages and identify the relational friction points that often hinge around the challenges presented by the RFP process.

Spotlight

Truckstop

Founded in 1995 as the first load board on the internet, Truckstop offers logistics solutions for transportation professionals through load planning, transportation management, real-time rates, and negotiation tools, as well as the largest industry credit reporting entity helping industry professionals find trusted freight partners.

OTHER WHITEPAPERS
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Whitepaper Supply chain reinvention

whitePaper | February 15, 2022

Before COVID-19, global supply chains ticked a lot of boxes: lower labor and operating costs, wider product ranges and greater reach to new markets. But the vulnerabilities and visible failures of global supply chains during COVID-19 were there for all to see. Lead times expanded exponentially. Manufacturing capacity stalled. Ports became congested. Transportation ground to a halt. Excessive reliance on one location or one supplier caused a domino effect of expensive downtime along the line.

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Beneficial Transportation: How Vehicle-Grid Integration Makes Fleet Electrification a Win-Win

whitePaper | April 23, 2022

As electric vehicle (EV) adoption amongst public and private fleets increases, meeting the energy needs of these vehicles with clean electricity is imperative to the transition to a carbon-free future. Because of the variable and intermittent nature of renewable energy technologies, energy storage will be essential. Today’s grid has been built on the concept of constantly available, stand-by power; tomorrow’s grid must capture and store energy when the sun doesn’t shine or when the wind is still.

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Key strategies for successful transportation transformations

whitePaper | November 16, 2022

“Transformational initiatives are truly driven by business needs and technology is an enabler.” This should be the “core” philosophy of any organization taking a step toward transformation. Through this white paper, we will discuss supply chain transformation for transportation operations. Organizations look toward transformational changes when they see significant impact (both cost and longevity) to their future business models, either due to disruptions in the changing world or technologies becoming obsolete

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HOW TO FIX TODAY’S SUPPLY CHAIN DISRUPTIONS

whitePaper | November 15, 2021

While it would be easy to just blame the pandemic for the supply chain industry’s problems, the truth is the virus’ impact only exposed and exacerbated longtime vulnerabilities. Before the pandemic, in 2018, the U.S. ranked only 14th out of 160 countries for supply chain efficiency, according to the World Bank.

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Technology, Data and New Models for Sustainably Managing Ocean Resources

whitePaper | January 31, 2020

We are in the middle of an explosion in new data on the ocean, creating enormous potential for advances in our understanding and stewardship of ocean resources. An exponential increase in the number and variety of ocean observing systems and other new data sources has created the prospect of a digital ocean ecosystem. Advances in processing techniques and visualisation are rapidly expanding our ability to extract information from those data, and are enabling a wide array of tools to provide real-time information in actionable form to decision-makers, such as policymakers, resource managers, resource users, consumers and citizens.

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Blockchain In Transportation

whitePaper | January 19, 2023

Blockchain has already made an impact on various industries — it is poised to change or even replace the infrastructure of the financial services industry, and other industries like transportation can expect disruption as well. Blockchain technology, like many new technologies, can completely transform the way in which we conduct business. Blockchain technology has a number of benefits but an underlying component of it involves trust. Business transactions between two or more parties have already moved from paper to digital in many applications. By leveraging blockchain, an industry can enable secured, digitized transactions with approval granted mutually by participating parties, tracked in a common history, and requiring no central authority.

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Spotlight

Truckstop

Founded in 1995 as the first load board on the internet, Truckstop offers logistics solutions for transportation professionals through load planning, transportation management, real-time rates, and negotiation tools, as well as the largest industry credit reporting entity helping industry professionals find trusted freight partners.

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