FourKites Premier Carriers achieve nearly 30% shipment volume growth in first half of 2023

assets/files/images/02_08_23/fourkites.jpg

This article is brought to you by Retail Technology Review: FourKites Premier Carriers achieve nearly 30% shipment volume growth in first half of 2023.

Real-time supply chain visibility provider FourKites has published its global Premier Carrier List (PCL), which recognises the rapidly growing community of brokers, carriers and 3PLs who are achieving the highest standards of visibility-related operational excellence across all modes of transport.

FourKites data illustrates that shipping customers are awarding a greater share of their business to carriers who prioritise visibility. The high-quality, consistent and accurate shipment data that PCL carriers provide enables streamlined operations, quicker turn times at the docks, reduced inventory levels and optimised labour costs for shippers.

For the first half of 2023, FourKites Premier Carriers defied difficult market conditions — as consumers limited discretionary spending and manufacturing activity remained slow — to achieve an average of 29% growth in shipment volumes compared to the same time period last year. In contrast, non-PCL carriers experienced a reduction in load volumes of 6%, on average, over the same time period.

"Supply chain visibility is no longer a nice to have, but a requirement,” says Magdalena Konieczna, Key Account Supervisor from Raben Logistics Polska. “We’re proud to be named a FourKites Premier Carrier. Teaming up with FourKites ensures we offer our customers superior service, while securing more new clients."

In addition to shipment volume growth, PCL carriers consistently demonstrate exceptional delivery performance, with nearly 70% of shipments delivered on time or ahead of schedule, compared with non-premier carriers who experience late or very late deliveries on 46% of shipments, and deliver early on only 34% of shipments. 

“Our business has grown thanks to FourKites and supply chain visibility," says Miguel Angel Diez Valero, IT Director, PAÑALON. "We're operating more efficiently and helping our customers track their shipments more accurately across Europe. As a result, we're winning bigger business and seeing our profits expand. We're delighted to be named a FourKites Premier Carrier."

“Faced with a competitive spot market, excess transportation supply, and depressed demand, differentiation for carriers became more important than ever over the last year,” said Brad Klaus, Group Vice President at FourKites. “Our most recent data clearly demonstrates that Premier Carriers who prioritise visibility are not only resilient, they are defying market trends with impressive growth rates. We’re happy to see our Premier Carriers, and their shipping customers, enjoying the demonstrable benefits of real-time transportation visibility.”

Add a Comment

No messages on this article yet

Editorial: +44 (0)1892 536363
Publisher: +44 (0)208 440 0372
Subscribe FREE to the weekly E-newsletter