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Why accurate predictive freight rates are only possible with holistic and real-time data

FreightWaves SONAR

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages.

Data 98
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Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement

FreightWaves SONAR

According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.

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What Shippers and Retailers Need to Know for Peak Season Planning 2022

The Logistics of Logistics

Original Article: What Shippers and Retailers Need to Know for Peak Season Planning 2022. Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. What Shippers and Retailers Need to Know for Peak Season Planning 2022.

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SONAR Indices & Insights: Use the RESL Index to measure retail sales trends to help predict shifts in the freight markets

FreightWaves SONAR

In this edition of “SONAR Indices & Insights,” the SONAR team will explain another index found within SONAR, the freight forecasting platform from FreightWaves. In this article, you learn what the RESL Index is, what it may tell various freight market participants, and what the RESL Index can do for each freight market participant.

Trends 98
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SONAR Indices & Insights: Get clarity on shipping freight rates & annual bids with contract rate indices

FreightWaves SONAR

In this edition of “SONAR Indices & Insights,” the SONAR team describes how freight market participants can analyze contract shipping freight rates and get more clarity around annual rate increases and bids by using the contract rate per mile indices in FreightWaves SONAR, the freight forecasting platform from FreightWaves. .

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SONAR Indices & Insights: Monitor freight carrier operating ratio using SONAR’s Operating Ratio (OPRAT) index

FreightWaves SONAR

Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week, learn how freight market participants, especially freight carriers, rely on FreightWaves SONAR’s Operating Ratio (OPRAT) index to monitor and understand carrier operating ratios.

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Freight Capacity Demand Wreaks Havoc For Shipment Delivery

Blue Grace Logistics

Freight capacity demand continues to congest delivery schedules, putting global supply chains in a state of strain today. What’s covered in this article: Port congestion exacerbating capacity shortage. This extraordinarily high demand for freight capacity has caused freight prices to increase as well.