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Third-party logistics providers must constantly find new ways to reduce freight costs to keep pricing down for customers | Supply & Demand Chain Executive

Preparing for the year ahead is an exercise just about every business undergoes this time of the year. But third-party logistics (3PLs) providers in particular have the unique challenge of constantly improving upon how they work with shippers, and in the face of the FedEx/UPS rate changes coming in January, finding new ways to reduce freight costs to keep pricing down for customers. It is more crucial than ever for 3PLs to incorporate information technology (IT) to help conquer these challenges, and relieve the pressures related to costs, time, quality of service and profitability.

In order to save money, better collaborate with shippers, and ultimately, gain a competitive edge, here are the top five actions 3PLs can take as they prepare their 2015 business plans:

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Third-party logistics providers must constantly find new ways to reduce freight costs to keep pricing down for customers.

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