FreightWaves SONAR

FEBRUARY 4, 2021

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Of course, carriers want their transportation networks to be as profitable as possible. Applied data lowers the risk of over-valuing or under-valuing trucking costs. Think about it.

Waste Reduction 98

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FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.

Supply Chain Planning Software 98

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FreightWaves SONAR

FEBRUARY 9, 2021

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. And it’s important to know why tendered, non-paid data can add so much weight.

Data 59

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FreightWaves SONAR

MAY 23, 2024

SONAR tender data and TRAC (Trusted Rate Assessment Consortium) spot rates can really set you apart from the competition when talking to your customers. All of these indices contain data as far back as 2018, enabling you to see daily changes as well as historical yearly patterns and trends. The post Where Is the Freight?

Freight 52

Freight Outbound Negotiating Skills Data 52

FreightWaves SONAR

DECEMBER 11, 2020

An intimate relationship exists between truckload providers and ocean import market data. Fortunately, it’s easier than ever for truckload providers to lower detention and demurrage risk with these uses of ocean import data. Improve replenishment planning with access to ocean import data. That one is the simplest of all.

Data 59

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FreightWaves SONAR

FEBRUARY 9, 2021

However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Request a SONAR Demo. Of course, nationwide market insights can only go so far when used to manage assets that move across the country. Request a SONAR Demo.

Data 52

Data Freight Demo Outbound 52

FreightWaves SONAR

FEBRUARY 9, 2021

However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Request a SONAR Demo. Of course, nationwide market insights can only go so far when used to manage assets that move across the country. Request a SONAR Demo.

Data 52

Data Freight Demo Outbound 52

FreightWaves SONAR

MAY 19, 2021

Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.

Data 52

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FreightWaves SONAR

FEBRUARY 25, 2021

But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Of course, it all depends on the ability to stay strategic. .

Negotiating Skills 92

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FreightWaves SONAR

JUNE 3, 2021

SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Request a SONAR Demo. Request a SONAR SCI Demo. Source: SONAR).

Negotiating Skills 52

Negotiating Skills Data Freight Inbound 52

FreightWaves SONAR

MARCH 12, 2021

Unfortunately, interpreting the data received is never straightforward. Erratic behavior in said data can lead to inaccuracies and confusion for carriers if the activity fails to conform to set standards. Even worse, data that isn’t monitored amounts to lost opportunities for improved efficiency.

Supply Chain Software 97

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FreightWaves SONAR

SEPTEMBER 20, 2021

Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David. If carriers are rejecting twice as many loads in September as they were in August, that could be par for the course in a tightening market – or not. Request a SONAR Demo.

White Paper 98

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FreightWaves SONAR

FEBRUARY 16, 2021

Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Streamline data capture and analysis. Data for the sake of data is meaningless without proper, automated analysis and data capture. Know your operating ratio .

Supply Chain Software 98

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FreightWaves SONAR

NOVEMBER 19, 2020

According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.

Supply Chain Software 105

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Shipchain

JUNE 25, 2019

We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry. The Internet of Things (IoT) serves as a mean for connecting systems together, and Big Data analytics give supply chain leaders insight into granular data.

Supply Chain Software 61

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FreightWaves SONAR

MARCH 30, 2021

Inadequate or outdated data remains one of the most significant challenges that face managers when it comes to compliance with routing guides. Poor data utilization and access cost nearly incalculable amounts of money each year for shippers and carriers of all sizes. Lanes the carrier typically runs and any related data.

Logistics Network Optimization Software 90

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Freightos

FEBRUARY 28, 2024

Of course, the economic viability of these types of shipments is limited to specific commodities. With more easily accessible data and bookings, alternatives to, yes, historically alternative routes suddenly become far more viable. Here’s how the data stacks up, relying on data points from Freightos’ air and ocean data.,

Negotiating Skills 62

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FreightWaves SONAR

JUNE 14, 2021

Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supply chain efficiency. Those data sets and use cases include: Using data from electronic tenders and carrier surveys to assist in negotiations with carriers and 3PLs.

White Paper 52

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Logistics Viewpoints

SEPTEMBER 25, 2023

And of course, Oracle with their investments in Cloud computing, Internet of Things technology, and artificial intelligence can be used to minimize inputs while increasing productivity. The Supply Chain Command Center product demos beautifully. Oracle’s client Making this transition, I believe, would face significant political issues.

Supply Chain Software 131

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FreightWaves SONAR

DECEMBER 22, 2020

Relying solely on manual shipping data analysis continues to yield poor results. The old ways of recording, processing and responding to analytical data need a streamlined approach. Analytics help companies make data-driven decisions to find the most lucrative loads It’s important to recognize a core problem among logisticians today.

Logistics Network Optimization Software 105

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FreightWaves SONAR

MARCH 4, 2021

That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Thus, modern advances in data collection and analytics have made it significantly easier to automate this process.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

DECEMBER 4, 2020

Within the ever-changing shipping and freight management market, there is an underlying need to know and understand shipping data trends running throughout the industry. Data infrastructure has changed with cloud infrastructure, complex event processing (CEP) and the Internet of Things.

Transportation 80

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FreightWaves SONAR

NOVEMBER 23, 2020

Near real-time data. Near-real-time data in day-to-day operations keeps rates and capacity as accurate as possible. Using near-real-time freight data proves invaluable in keeping freight broker resources in check. Integrated systems make applying data easier and faster than ever. Request a SONAR demo online. .

Resource Reduction 98

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FreightWaves SONAR

JANUARY 14, 2021

It hinges on how a company’s employees can understand and act on real-time freight data. Freight management parties need to know a few things about using logistics data to make the best decisions. Of course, it’s always helpful to break down the crucial spot versus contract freight decisions a little better. .

Freight 90

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Logistics Business Magazine

APRIL 7, 2023

Always accurate and real-time data on weight and possibly dimensions. Driving at a constant speed on a smooth floor, generates a real-time and reliable set of data on weight and volume that can be transferred to any ERP or WMS and can be used to invoice your customers by weight. Of course, this saves space. No stops involved.

Supply Chain Design Software 68

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FreightWaves SONAR

FEBRUARY 18, 2021

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. And it’s critical to know how carriers can tap data and analytics technology to boost driver morale and attract more talent. . Request a FreightWaves SONAR demo to get started by clicking the button below.

Waste Reduction 97

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Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.

eCommerce 84

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FreightWaves SONAR

DECEMBER 29, 2020

In fact, with reverse logistics peak season upon the industry, data to understand reverse logistics procurement in the shipping industry is even more valuable. . Create and maintain open lines of communication with clients and 3PLs through designated communication channels and data-sharing platforms. Request a SONAR Demo.

Supply Chain Design Software 98

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FreightWaves SONAR

JULY 14, 2023

High-frequency data It is a widely accepted truth that data plays an important role in revealing the state of the freight market. Until only a few years ago, using data to make informed decisions in the transportation space had meant extrapolating historical insights to predict probable future conditions. port activity.

Supply Chain Planning Software 52

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FreightWaves SONAR

DECEMBER 21, 2020

Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. Of course, that depends on securing shipping data insights well in advance of disruptions’ arrival. Trucking contracts detail available trucking capacity , volume and rate data for shippers and LSPs.

Negotiating Skills 76

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FreightWaves SONAR

DECEMBER 17, 2020

Predictive analytics are among the most iconic ways freight managers can derive more value and streamline logistics through freight data. But predictive data analytics are only as valuable as the quality, integrity and actionability of data. That’s where the real benefit of predictive data analytics comes into play.

Supply Chain Software 52

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FreightWaves SONAR

MARCH 29, 2021

Of course, that is all subjective and again dependent on market stability within individual locations in origin/destination pairings. The action: prioritize carriers within the routing guide based on which are preferred for shipments, depending on origin/destination data. Request a SONAR Demo. Request a SONAR SCI Demo.

Supply Chain Software 95

Supply Chain Software Resource Reduction Document Demo 95

FreightWaves SONAR

FEBRUARY 11, 2021

Throughout the years to come, accurate data analysis will remain essential for effective truckload shipping. Of course, the real scale and value of freight KPI monitoring again depend on the ability to benchmark internal processes and continuously improve. Request a FreightWaves SONAR demo by clicking the button below to get started.

Sourcing Strategies 98

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FreightWaves SONAR

APRIL 29, 2021

Using SONAR data in contract negotiations with carriers and 3PLs. . Of course, during that same period, many retailers performed extremely well. In addition, SONAR data could be used by retailers for strategic and longer-term decision-making, such as deciding where to locate warehouses and fulfillment centers. .

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

FreightWaves SONAR

MARCH 4, 2021

Every shipping mode and method can benefit from access to accurate, real-time freight data. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Promote collaboration within the network.

Supply Chain Planning Software 130

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FreightWaves SONAR

MARCH 18, 2021

So, it’s equally valuable to know the constraints and to apply data to overcome them with mini-bids. Request a SONAR SCI Lane Acuity demo to get started or click the button below. Request a SONAR Demo. Request a SONAR SCI Demo. It is what sets manufacturing supply chain companies apart.

Manufacturing Procurement 91

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FreightWaves SONAR

JULY 10, 2023

The best way for people to gain the level of insight they crave is through high-frequency data, particularly insights into spot rate trends. In addition to signaling market shifts, spot rates show seasonal trends over the course of a year. Click here to schedule a demo. Why should I track spot rates?

Trends 52

Trends Scenario Planning Demo Course 52