Rachel Reeves has delivered her budget and there are two key points that will affect us all in logistics: the first is that growth is predicted to be 2% or less until the end of 2026 (at the very least, and could then even fall further), and the second is that inflation is projected to be over 2% during the same period. Viewed dispassionately, these are just observable facts and as a result freight companies will need to be even more efficient in their operations or they will have to pass on otherwise avoidable cost increases to their customers - and this is without considering any of the tax increases in the budget. In that environment, therefore, the freight and transport operators who manage their activities optimally will reap the most rewards, chief among which may be just survival until growth resumes an upward curve.
A key requirement for profitability and survival over the next two years will be the need for freight operators to have access to real time information to facilitate effective decision making and thus deliver the most efficient operations. To be honest, this requirement is easy to deliver these days by using a Software as a Service (SaaS) transport management system (TMS), coupled with a SaaS routing and scheduling solution. As there is no capital expenditure required upfront, there is absolutely no reason for operators not to avail themselves of these indispensable tools. To get an idea how just how easy it is to do so, contact Bashir Khan here and he will explain how you could transform your freight and transport operations using CarrierNet - without any nasty upfront expenditure.
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