Conduct Regular Lane Rate Benchmarking
Transportation rates vary widely across lanes and regions. Benchmarking your lane rates against market averages helps identify overpriced routes and renegotiate with carriers. This process helps eliminate outdated contracts, adjust to fuel price shifts, and ensure you’re paying competitive rates. Freight audit tools and TMS reports support benchmarking by compiling rate history and market trends. Keeping lane rates in check is a reliable method to maintain cost discipline in a dynamic logistics environment.