https://www.chrobinson.com/en-sg/resources/resource-center/white-papers/stale-rates-research-frequent-transportation-bid-benefits/
Transportation managers frequently debate the effectiveness of procurement events. Do regular procurement events help control transportation costs, or are frequent rebids a waste of time?
Deciding which viewpoint has the most merit would be easier if shippers had a better understanding of how carriers adjust and honor contract rates between procurement events. Of particular interest is how quickly freight rates become outdated or stale over time, and the reasons for this decay.
This white paper answers these questions, based on the results of Iowa State University research. Dig into what researchers discovered:
Ultimately, a freight transportation procurement strategy based on a predictable schedule and process can deliver substantial cost savings and network efficiencies.