Freight Solutions addresses a wide variety of challenges from freight audit and payment, TMS integration, visibility across the supply chain and carrier management. At nVntori, we believe in creating significant, sustainable savings via load optimization, carrier selection, invoice processing, transportation management and reduced manual tasks while boosting productivity, cutting costs and improve global freight visibility. Trucking shippers and carriers need a new strategic approach to survive in a rapidly changing world. Our solutions can help increase operational and financial controls, reduce transportation expenses with leading freight audit and payment services. nVntori provides outstanding consulting services that drive savings with market intelligence, subject matter expertise, prominent visibility tools, and thorough transportation spend management solutions.
A recent surge in mandatory regulatory compliance, combined with a chronic shortage of drivers due to new government regulation for drivers and truck availability, is pushing up freight costs. With the April 1 enforcement deadline for a federal regulation requiring drivers to electronically log their hours, many truckers are leaving the sector. Instead, they are choosing to work more sociable hours in other industries, such as the booming construction sector, where wages are higher. This is a significant problem given truck freight currently represents approximately 85% of the US market freight spend. Globally, capacity underutilization, escalating operational costs, driver retention and rising Greenhouse Gas regulations are some of the key challenges fleet managers face.
With margins high and the industry close to tipping point, carriers need to act now to enhance shipper relationships. As major shifts continue to take place in consumer, lifestyle, technology and mobility, the entire transportation industry needs to transform itself to harness the power of digitalization. This “Amazon effect” means bulk carriers need to invest in new technologies and business models and develop the agility to respond to changing shipper and client demands. Technological advancement in the industry is providing a platform for stake holders to build service and solution-based revenue models, driving greater transparency between shippers & carriers and supporting ad-hoc and planned freight demands at lower brokerage rates. The key to long-term success is greater collaboration across the end-to-end supply chain.
nVntori has a wealth of experience helping clients rapidly optimize distribution networks to release cash, drive out costs and enable growth. From network strategy to warehousing to inventory management to order fulfillment, each of our services is customized to fit your unique needs, which put you in control and help you run more efficiently.
