We’ve often heard the phrase “strength in numbers”. The concept of forming valuable alliances to better serve customers is not a new one in the logistics industry. Forged on the grounds of maximizing efficiency and convenience, proper carrier relationships are what define the effectiveness of a freight broker/logistics company.
Here are three ways in which building proper carrier relationships aid a logistics company:
Improves reach and supply chain management
Maintaining a healthy network of carrier relationships expands the operational boundaries of a logistics company. More carriers to work with translates to more options in choosing cheaper transportation methods. This helps minimize shipping costs within the supply chain, reducing the sale price of an item. Additionally, certain carriers may specialize in sea, air, or land transportation and provide access to otherwise inaccessible shipping routes.
Improves performance
As a logistics company, your ultimate goal is to deliver goods to their destination safely and on time. Good carrier relationships translate to being prioritized in delivering shipments properly and punctually. Collaborating with several carriers opens many doors to more effective methods of intermodal transportation. The speed and assurance of port-to-door services especially benefit from positive carrier relationships.
Improves reputation
Developing valuable relationships with high-quality carriers is beneficial for the reputation of a logistics company. While being associated with a reputable carrier is a status in itself, being able to provide consistent and reliable services aid in sturdy customer trust and loyalty. This creates a positive feedback loop that aids in building better customer perception for every company within the collaboration… A true win-win relationship!
How carrier relationships help tackle supply chain issues
Covid-19 has unearthed the most visible example of why carrier relationships matter in logistics. The restrictions and regulations placed as safety measures have wreaked havoc across industries and caused massive disruptions in supply chains. Logistics companies were left struggling to find carriers that offer transportation services at a competitive price in order to avoid passing on hefty shipping prices to consumers. Logistics companies with a limited network were placed in a dilemma of uncertainty when signing agreements with new carriers (that will hopefully still remain viable a few months into the future, given the volatile situation). Logistics companies with pre-existing networks suffered far less than their counterparts.
Our carrier relationships
Speaking of carrier relationships, Stream Logistics has an unparalleled advantage of being a TFI international subsidiary. With several allies within the logistics industry including our sister companies, Stream Logistics has the strategic benefit of collaborating with a host of carriers to offer an extensive menu of transportation, warehousing, and distribution.
The best logistics company for cross-Canada shipping
Want your shipment delivered safely and on time to the other end of the country? You’ve come to the right place. Stream logistics specializes in a wide range of logistics solutions across Canada and the United States, making us a true one-stop shop for all your shipping needs. Visit our website https://streamlogistics.ca to find the logistics solution that suits your needs, or contact us with your shipping-related question!
