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Where Is the Freight?

FreightWaves SONAR

In the brokerage world, everyone is looking for more volume, more freight and more money. 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 OTRI data set shows the percentage of freight that is being rejected outbound from a given market.

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The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction.

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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Freight consolidation (commonly referred to as retail consolidation, or simply consolidation) is not a new concept. Those are the founding principles behind SONAR SCI Lane Acuity.

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How Freight Management Analytics Simplify Logistics

FreightWaves SONAR

And even the freight management analytics of five years ago do not necessarily respond well to today’s shifting and changing market. And that all begins with deploying advanced freight management analytical resources and tools that actively work to lower all risks, ranging from detention through final mile management.

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Understanding spot rate trends is like having a crystal ball

FreightWaves SONAR

The best way for people to gain the level of insight they crave is through high-frequency data, particularly insights into spot rate trends. Logistics industry conditions are inextricably linked to supply and demand trends in the overall economy, and spot rates are typically the first place those impacts become visible.

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Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates

FreightWaves SONAR

Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Of course, no disruption comes close to those that have been experienced to date in 2020. And the past data trends are obsolete and rapidly becoming more so.

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Why asset-based carriers are using freight tech to recruit truck drivers

FreightWaves SONAR

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. It is considerably more important to find talent quickly to fill the ever-growing needs of the freight and shipping industry. In turn, that slows down contract freight and reduces how much contracted truckers earn.