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Your Freight Rating Tool but Better

FreightWaves SONAR

A spot rate benchmarking tool has become an essential application for brokers, carriers and shippers to have at their fingertips. While being able to return a spot rate per mile on a lane is a valuable data point, the rate alone cannot paint a full picture of the market conditions that are influencing that rate up or down.

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[WHITE PAPER] How carriers utilize data and analytics to increase revenue and profits

FreightWaves SONAR

Those who find themselves unable to keep up with modern trends often fall by the wayside, making the use of these innovative technologies even more crucial. Carriers currently have a great selection of tools to choose from so that they may further their enterprise. How carriers create data-driven pricing strategies.

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5 shipping trends for 2021 for carriers to know

FreightWaves SONAR

With the havoc 2020 caused, can shipping trends get any worse? Preparation becomes the name of the game in shipping trends, and being ahead becomes the new normal. If a business wants to “thrive” in 2021 abnormalities, it’s essential to consider the top trends to expect through the year. Congratulations and welcome to 2021!

Trends 105
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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. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.

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What data is available to track intermodal freight shipping rates

FreightWaves SONAR

One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes.

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Near-real-time data-driven route optimization best practices

FreightWaves SONAR

Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.

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Advancing Transportation Procurement: The Shift From Spreadsheets to Software

FreightWaves SONAR

Traditionally, shipping companies have relied on manual tools and processes, predominantly managing their requests for proposals (RFPs) and bids using simple spreadsheets. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis.