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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.

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6 Steps to conduct a freight spend analysis

FreightWaves SONAR

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.

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Truckload Shipping Procurement: How Large Data Sets/AI Aid in Pricing and Capacity Outlooks

FreightWaves SONAR

According to Supply Chain 24/7 , “ In the industry right now, there are 10 orders to ship for every available truck; however, a large portion of private fleets are running their assets with a significant amount of empty backhaul miles. Download the White Paper. Outdated communications affect contracts.

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Overcoming Supply Chain Disruptions with Shanna Greathouse and Tony Nichols

The Logistics of Logistics

He has over 25 years of experience across all functions of the supply chain and IT in multiple industries including consumer products, life sciences, and industrial manufacturing. Shanna has experience in a broad range of industries including oil & gas, health tech, and consumer goods. Final mile capacity demand increases.

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Managing E-Commerce Fulfillment Spikes With Data Analysis

GlobalTranz

To meet demand, shippers must rapidly ramp up production and move more product, but the industry is struggling. The capacity crunch continues, and the ELD mandate has lowered the number of trucks available. Get Your Free White Paper Today. How Surface Mode Shippers Can Compete in E-Commerce Logistics. Download Here.

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3 Ways Shippers Use Trucking Data to Find Capacity

FreightWaves SONAR

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.

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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

And there remain significant problems within the industry. Trucking capacity is tight, and deadheading is the precursor of even stricter capacity. One of the biggest challenges facing the industry right now is deadheading. Waste matters in the shipping industry because every instance leads to higher freight costs.