Why this matters to buyers
Buyers in the furniture or general freight sectors may consider similar strategies to secure capacity and manage costs amid higher fuel prices and market volatility. Contract freight can provide rate stability.
Recommended buyer actions
- Evaluate the use of contract freight agreements to lock in rates and secure capacity.
- Develop partnerships with carriers to mitigate the impact of spot market volatility.
- Analyze fuel cost trends and their impact on logistics budgets to inform contracting decisions.
Original source context
The furniture company leveraged cargo partnerships to secure capacity at a contractual rate as a way to offset higher oil prices and spot market volatility.
Read the original report · Supply Chain Dive