FreightWaves SONAR

JANUARY 26, 2021

Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricing strategies. However, this is about a different type of freight load balancing-the balancing of assets. Defining freight load balancing. For carriers, it’s all about balance.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

FreightWaves SONAR

APRIL 5, 2021

Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. Download the White Paper.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

FEBRUARY 2, 2021

The state of logistics in 2021 continues to undergo transformation and disruption (continued from 2020), and while companies are looking for new logistics strategies to stay proactive, there comes a point at which supply chain leaders need a simple, fast way to view market conditions. That’s where freight indices come into play.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

FreightWaves SONAR

JANUARY 12, 2021

According to TruckingInfo , “As stay-at-home orders in response to the COVID-19 pandemic took hold across much of the country in the latter part of March, the level of freight available – and the rates to haul it – plummeted. However, peer, market and historical freight invoice data can help, and it’s essential to know why.

Price Reduction 52

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FreightWaves SONAR

MARCH 17, 2021

How effective are you at lane-by-lane planning and getting deep insights to aid in freight spend planning, mini-bids, and other long-term contracts in your organization? That’s where SONAR SCI Lane Acuity can add the most value and prepare enterprise shippers for true, future-ready bidding strategies. Request a SONAR Demo.

White Paper 98

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Ship Monk

SEPTEMBER 14, 2022

How to Calculate Beginning Inventory. For eCommerce manufacturers , this number includes the cost of the raw materials used, freight and storage costs, direct labor, storage, and all manufacturing costs including indirect labor, overhead, depreciation of machinery, utilities, etc.

Inventory Reduction 78

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 78

FreightWaves SONAR

MARCH 15, 2021

The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions of dollars on freight shipping. SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

FEBRUARY 10, 2021

To help carriers learn how to apply and deploy data more effectively, this white paper will explore: The uses of data to allocate and manage assets. How carriers create data-driven pricing strategies. Request a SONAR Demo. The applications of analytics to navigate market volatility.

White Paper 98

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FreightWaves SONAR

FEBRUARY 25, 2021

Automation continues to prove its value in building transportation and freight management relationships. Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Download the White Paper.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

FreightWaves SONAR

DECEMBER 16, 2020

Of all the various freight broker sales tips, setting the hook is essential for getting and keeping a prospect’s attention. . Using a hook shows that you are not just calling down a list of companies, but have done your research and might have something of value in freight broker sales to share with them. . 3: Freight data.

Tips 59

Tips Freight After-sales Conference 59

FreightWaves SONAR

FEBRUARY 25, 2021

Automation continues to prove its value in building transportation and freight management relationships. Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Download the White Paper.

Supply Chain Software 52

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 52

FreightWaves SONAR

DECEMBER 21, 2020

Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Limited network contacts result in higher costs.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

FreightWaves SONAR

FEBRUARY 2, 2021

Trucking carriers and freight managers have much to keep up with in the shipper and trucking industry. This becomes especially true today during recovery and continued disruptions and deviations in the freight market — two of the industry’s primary goals being a full recovery and adjustment. Capacity load data statistics.

Tips 98

Tips Waste Reduction Cost Reduction Operations 98

FreightWaves SONAR

MARCH 2, 2021

Knowing when fees tend to rise, and charges commonly fluctuate can help shippers know when and how to secure the best rates. Combining common freight KPIs with cost analysis and tracking can give management a clearer picture of what path to take for short-term and long-term success. Consider this fact. origin and destination pairings.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

Parade

JANUARY 7, 2022

For most freight brokerages, collecting quotes from carriers is simply a means to an end, with the ‘end’ in question being getting the load covered on time and on (or below) budget. From there, it’s up to brokerages to decide how to approach potential carriers. Reach out to our team to set up a demo. There’s no shame in it.

Waste Reduction 78

Waste Reduction Waste Capacity Sourcing Strategies 78

Parade

JANUARY 7, 2022

For most freight brokerages, collecting quotes from carriers is simply a means to an end, with the ‘end’ in question being getting the load covered on time and on (or below) budget. From there, it’s up to brokerages to decide how to approach potential carriers. Reach out to our team to set up a demo. There’s no shame in it.

Waste Reduction 78

Waste Reduction Waste Capacity Sourcing Strategies 78

FreightWaves SONAR

FEBRUARY 1, 2021

Such applications of freight technology allow carriers to improve their systems across the board, improving profit margins, reducing load times, streamline shipping, and many more benefits. By utilizing these benchmarking metrics, carriers find themselves better equipped to recognize which strategies will best benefit their business.

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

FreightWaves SONAR

MARCH 5, 2021

The freight brokerage industry has traditionally focused its attention on the training and development of its customer sales staff. In a buy-sell brokerage, customer sales are incentivized to hunt and gather more freight, to bring in more revenue. Here are three examples for how to use this product in real-time.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

FreightWaves SONAR

APRIL 6, 2021

Figuring out how to improve annual request for proposal (RFP) bidding strategies remains elusive for many shippers, especially in the context of knowing when to expand the network to leverage freight consolidation. The process typically starts with gathering data from their freight payment provider or system.

Cost Reduction 78

Cost Reduction Price Reduction Strategy Freight 78

Parade

JANUARY 3, 2022

Having carrier preferences as updated as possible can help get more quotes from carriers so that brokers and , freight agents have more options on each load, giving them better odds of getting them covered at a price they can stand to pay. #3. Brokers can block out all L.A.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Parade

JANUARY 3, 2022

Having carrier preferences as updated as possible can help get more quotes from carriers so that brokers and , freight agents have more options on each load, giving them better odds of getting them covered at a price they can stand to pay. #3. Brokers can block out all L.A.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Envase Technologies

JUNE 23, 2023

How to book yard space on-demand How to list yard space and become a SecurSpace Partner Yard What we do to help ensure the safety of your equipment What’s coming for SecurSpace Live Audience Q&A SecurSpace 101: Key Takeaways Let’s dive into the key points discussed during the webinar. Its as simple as 1, 2, 3.

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WorkWave

MAY 16, 2023

Use this guide to learn everything you need about the 34-hour reset rule, including how to make the best of it. Benefits of the 34-Hour Reset Rule Challenges with Implementing the 34-Hour Reset Rule Strategies to Overcome Challenges by Implementing the 34-Hour Reset Rule Why You Should Embrace the 34-Hour Reset Rule Now.

Expense Reduction 52

Expense Reduction Cost Reduction Resource Reduction Trucking 52

WorkWave

MARCH 20, 2023

This post delves into the fundamentals of delivery management, a variety of solutions accessible to delivery businesses today, key components offered by these platforms, and how to decide on the correct one for your organization’s requirements as well as effective strategies for implementation. Start Using RouteManager!

Optimization Software 52

Optimization Software Cost Reduction Expense Reduction Resource Reduction 52

Ship Monk

AUGUST 3, 2022

How to Choose a Logistics Service Provider. Here are some resources that could aid in making that transition a little smoother: 3 Strategies for Migrating Inventory to a New 3PL Is There Ever a Good Time for eCommerce Brands to Switch 3PLs? Sounds like a dream come true, right? Are any of the above benefits tickling your fancy?

Logistics Network Optimization Software 52

Logistics Network Optimization Software eCommerce Inventory Reduction Resource Reduction 52

Locus

MARCH 13, 2024

Out for Delivery – How to Adhere to timelines? From automating warehouse operations to leveraging smart routing systems, the technologies and strategies discussed above underscore the critical role that innovation plays in streamlining this phase of delivery.

How To 52

How To Cost Reduction Vendor Strategies Inventory Reduction 52

FreightWaves SONAR

MARCH 24, 2021

One of the best strategies of risk management is diversification of assets or revenue drivers. Brokerage leaders are turning to this strategy for their freight business. Many small and medium-sized brokerages find themselves entering the freight brokerage market with a specialized niche.

Freight 72

Freight Price Reduction Cost Reduction Inventory Reduction 72

FreightWaves SONAR

JANUARY 19, 2021

Instead, carriers need to incentivize their freight with realistic rates for their drivers. And having access to freight data on the fly is critical to maximizing asset utilization and load profitability. Request a SONAR Demo. The post Operational trucking costs: how to get more from your fleet appeared first on SONAR.

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Trucking 98

FreightWaves SONAR

MARCH 25, 2021

Routing guides are a universal source of carrier freight tendering and action. They apply to all freight parties and are regularly updated to ensure that shippers can keep freight spend under control. From the pandemic through winter weather, disruption can mean a complete halt to freight movements overnight.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

FreightWaves SONAR

APRIL 7, 2021

Spot rates are much more volatile and represent roughly 10%-20% of the for-hire truckload market freight volume. Most of the freight moves under a more consistent pricing structure or “ contract ” rates. This index largely consists of long-term contracted freight rates and excludes loads under 250 miles. Request a SONAR Demo.

Negotiating Skills 98

Negotiating Skills Compliance Cost Reduction Trucking 98

Trinity Logistics

MAY 10, 2023

Could your company be wasting money on a logistics strategy that doesn’t work? Logistics optimization strategies such as improving your load planning processes can be an effective way to reduce freight costs by as much as 10 to 40 percent. WHY WOULD I NEED A FREIGHT OPTIMIZATION TOOL? The word to remember here is “tool”.

Supply Chain Planning Software 74

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Supply Chain Software 74

FreightWaves SONAR

DECEMBER 30, 2020

And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. The hassle of managing freight with poor visibility Shipping exceptions remain an issue in modern supply chains. Download the White Paper. Of course, that’s another challenge.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

JANUARY 19, 2021

Successful freight management hinges on effective procurement and insight into current market conditions. And now is also the time when carriers typically start thinking about what new rates to ask for in trucking RFP bids or when working with more freight brokerages. Success lies in understanding two fundamental aspects of freight.

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

Ship Monk

MARCH 2, 2023

Freight shipping can be frightening. So let’s talk floor-loaded and palletized shipping, their pros and cons, and how to choose between the two! And as you grow, it’s likely that your strategy will evolve to keep up with changes in your customer base and product offerings, so it’s best to always stay flexible.

Material Savings 52

Material Savings eCommerce Cost Reduction Inventory Reduction 52

Turvo

MAY 11, 2020

Freight brokers face a perilous future of uncertain profitability. According to TruckingInfo , “gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions allowed brokers to stay profitable.” In response, more companies want a freight broker TMS. in the third quarter of 2019.

Cost Reduction 55

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 55

Turvo

JUNE 16, 2020

The freight and logistics industry continues working on finding ways to make their respective organizations within the supply chain stand out from the crowd. Let’s talk further about how 3PLs can create a more proactive and responsive approach to their shipper customers. These words carry added merit in the post-COVID-19 world.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Sourcing Strategies Cost Reduction Expense Reduction 64

EazyStock

APRIL 28, 2022

You could also integrate aspects of the supply chain into your business, such as Lidl setting up their own container shipping company to reduce delivery delays and freight rates. Our article explains how to forecast and deal with fluctuating demand , including using appropriate historical data and how to deal with periods of stockouts.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Optimization Software 52