Power of Prediction: How Forecasting Models Fortify Your Transportation Network

Knowing where rates are headed is essential for shippers to effectively procure capacity and plan budgets. Analytics and new technologies continue to transform how transportation takes place, enabling companies to leverage robust data capabilities for more powerful forecasting. This guide illustrates how shippers can use rate forecasting to strengthen four core procurement processes: 

  • Procurement
  • Budgeting
  • Surge Pricing
  • Carrier Relations

Leveraging the power of forecasting in these four critical areas will enable shippers to build healthier transportation networks, increase customer satisfaction, and boost efficiency and profitability for their organizations and for their strategic carrier partners.



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