• Corpus ID: 145041132

Uberization Effects on Freight Procurement

@inproceedings{Snchez2018UberizationEO,
  title={Uberization Effects on Freight Procurement},
  author={Ignacio S{\'a}nchez and Lydia Paramita Hendra Mukti},
  year={2018}
}
According to a report by A. T. Kearney, in 2016 the US business spent $1,392.64B on logistics costs. 90% of transportation spending is procured in the form of Long Term Contracts. A Long Term Contract drives long procurement cycles that can last over 6 months, which results in significant financial risk for both shippers and carriers. It is estimated that 10% of freight under Long Term Contracts fall out and ends up in the spot market due to low tender acceptance and market volatility. The spot… 

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