High Oil Prices Lead to Innovations for Shippers and Carriers
As I’m sure you’re aware, oil prices are still on the rise, and unfortunately, analysts say that trend isn’t likely to reverse itself any time soon.
As consumers begrudgingly pat their empty pockets at the pump, businesses, particularly in the shipping sector, also are wondering how best to adapt.
Some are trying to lay blame or even pass the buck by forcing additional surcharges and costs. Others are taking a more proactive approach, advocating for alternative energy fixes or other innovative technology solutions.
In his recent blog post Three Strategies for Reducing Fuel Costs in 2012, Derek Singleton outlines a handful of these new ideas. As Singleton points out, even though rising fuel costs have caused more that a few headaches for shippers and carriers, these problems also have inspired valuable scrutiny of processes and procedures. As a result, shippers are learning that careful planning and the use of predictive technologies–such as distribution business software–can minimize the impact fuel costs have on the bottom line.
If you’re managing a fleet, Singleton suggests you cope with rising fuel costs by using three general strategies. He advises you: (more…)
