FreightWaves SONAR

MARCH 26, 2021

(Graphics created by Emily Ricks) Responsible freight management parties have a duty to understand how their enterprise goals impact others. These include: Risk of higher freight spend through waiting costs. USA and IMCSIF.USA to prioritize your use of intermodal based on accurate freight market rates. Risk of loss at terminals.

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

FreightWaves SONAR

APRIL 13, 2021

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Moreover, Supply & Demand Chain Executive explains , “Developing a point-of-departure strategy for partial and LTL shipments can give small and medium-size businesses delivery costs comparable to the mega shippers.

Negotiating Skills 97

Negotiating Skills Optimal Sourcing Sourcing Strategies Data 97

FreightWaves SONAR

MARCH 23, 2021

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Avoid destinations with a lower likelihood of an empty backhaul One significant aspect of freight management to consider is the risk of empty backhauls. Download the White Paper.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

FreightWaves SONAR

MARCH 30, 2021

Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. How those data-driven strategies and game plans are implemented makes all the difference in the world. Request a FreightWaves SONAR or a SONAR SCI demo by clicking the button below to get started.

Compliance 98

Compliance Supply Chain Software Supply Chain Planning Software Data 98

FreightWaves SONAR

NOVEMBER 12, 2020

There are many aspects of day-to-day shipping processes that any freight broker must monitor. According to TruckingInfo.com , “Some envision technology in the freight market doing what Uber and Lyft have done in the ride-sharing market or Airbnb in the vacation market. Transportation costs are among the most critical of these.

Supply Chain Software 98

Supply Chain Software Optimization Software Logistics Network Optimization Software Freight 98

FreightWaves SONAR

FEBRUARY 4, 2021

Optimizing truckload freight spend is essential in today’s freight market. Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. Choose the right carrier based on landed freight spend. Download the White Paper.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

FreightWaves SONAR

APRIL 6, 2021

On the episode you’ll hear: How does Ed define the industry question: “what is digital freight matching?”. Is newtrul a digital freight matching platform? Load boards have been around for years, what’s the difference between what newtrul is, or any other digital freight matching platform, and a load board?

Digital 91

Digital Freight Demo Automation 91

FreightWaves SONAR

DECEMBER 11, 2020

Co-hosts Kyle Taylor and Luke Falasca focused on freight forecasting during COVID-19 on this episode of #WithSONAR. Subscribers receive near-time market intelligence to improve pre-RFP strategy analysis and can identify new market opportunities with little to none native, historical data. Get a Demo of SONAR's Lane Scorecard.

Video 98

Video Freight Resource Reduction Demo 98

FreightWaves SONAR

MARCH 5, 2021

Once weather like the snowstorm in Colorado or the one seared into Texans’ Valentine’s Day memory hits, it’s easy to predict what is going to happen next—the freight market in the area halted to a stand-still and strangled capacity , as also reported by The Dallas Morning News. Capacity signals for the freight market.

Freight 98

Freight Cost Reduction Price Reduction Outbound 98

FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Regardless of segment, the need for technology and insight via real-time predictive freight rates that can explore the specifics are critical to success. Even worse, predictive freight rates using outdated data may do more harm than good. .

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

FEBRUARY 26, 2021

(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. Broken down to reefer, dry van and flatbed.

Trucking 96

Trucking Price Reduction Freight Cost Reduction 96

FreightWaves SONAR

FEBRUARY 8, 2021

Figuring out the best strategy for managing fleet assets can be difficult at best. Unlike contracted rates, the spot freight market is full of wild price swings and uncertainty. And in freight management, a delay of a day or even hours can amount to significant delays and a poor customer experience. Consider this.

Price Reduction 94

Price Reduction Resource Reduction Freight White Paper 94

FreightWaves SONAR

DECEMBER 22, 2020

With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.

Optimization Software 105

Optimization Software Optimization Tips Price Reduction 105

FreightWaves SONAR

MARCH 16, 2021

Mapping the trucking market assists freight market participants with a flurry of benefits. True trucking market mapping means looking to all the granularities and national factors affecting freight. This includes national factors that could affect freight, such as increased global trade, the demands of e-commerce and more.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

FEBRUARY 18, 2021

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.

Waste Reduction 97

Waste Reduction Trucking Freight Optimization Software 97

Freightos

FEBRUARY 28, 2024

The pivot towards index-linked contracts and Forward Freight Agreements (FFAs) is not merely a trend but a strategic recalibration towards agility and resilience. In essence, the journey towards digitalized, data-driven freight contracting is both a challenge and an opportunity. Get Your Custom Report Now!

Negotiating Skills 62

Negotiating Skills Price Reduction Vendor Strategies Optimal Sourcing 62

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

Freightos

NOVEMBER 15, 2023

More Resources Home November 15, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 3% to $5.56/kg

Price Reduction 103

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 103

FreightWaves SONAR

NOVEMBER 24, 2020

Supply chain professionals need to realize that real-time freight and shipping data is crucial to making market decisions and maximizing profitability across all loads for these five reasons. Real-time freight data enables immediate intervention for major disruptions. Yes, it does allow companies to reduce the time to execute a load.

Data 90

Data Freight Supply Chain Software Inventory Reduction 90

RPA Labs

MARCH 3, 2022

It’s important to consider these ten factors when considering automated document processing technology to add value and resiliency to the freight industry. By programming rules that guide the system, freight forwarders can automate an integral part of their business communications. ? Do Enable Real-Time Document Sharing Capabilities.

Document 76

Document Supply Chain Software Freight Waste Reduction 76

FreightWaves SONAR

DECEMBER 3, 2020

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. That extends to guiding freight bids too. Ocean freight impacts on trucking is another use case.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

FreightWaves SONAR

JANUARY 8, 2021

Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. But there can be problems in carrier freight KPIs creation and use. Here are 18 top carrier benchmarking KPIs that trucking freight carriers should start tracking today. Workforce freight KPIs.

Expense Reduction 104

Expense Reduction Price Reduction Freight Purchasing Skills 104

FreightWaves SONAR

MARCH 12, 2021

Monitoring freight market activity is an integral part of supply chains. Industry-wide and granular freight market data capture capabilities When capturing data from the freight market, carriers need to collect it from every available market and use this information to make improvements for their companies.

Supply Chain Software 97

Supply Chain Software Optimization Software Logistics Network Optimization Software Tools 97

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 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

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. It’s often a time-consuming process that is difficult for many freight brokers and freight brokerage businesses. It’s a label freight brokers slap on all companies shipping freight. 6 Tips to source freight broker leads. #1:

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

FreightWaves SONAR

JANUARY 5, 2021

Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again.

Data 88

Data Price Reduction Freight Resource Reduction 88

Freightos

FEBRUARY 22, 2024

More Resources Home February 22, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 7% to $3.65/kg

Price Reduction 71

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 71

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . ” This means knowing how a carrier or shipper approaches freight pricing. .”

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

APRIL 30, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. Evaluating freight flows for private fleet conversion. Deciding on the timing of freight bids. Request a SONAR Demo.

White Paper 52

White Paper Expense Reduction Cost Reduction Negotiating Skills 52

FreightWaves SONAR

MAY 7, 2024

This level of insight enables them to negotiate better terms with carriers and optimize their overall transportation budget strategies. Armed with trusted market data and powerful analytics, these companies are equipped to refine their procurement strategies and achieve their strategic goals more effectively.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

FreightWaves SONAR

MARCH 30, 2021

On the episode you’ll hear: Why should freight market participants like shippers, brokers, and carriers 1, care about collaboration in the supply chain and 2. Are analytics and the mainstream use of them in the supply chain, but especially freight, a must-have and why? Request a SONAR Demo. Watch the episode.

Supply Chain Software 78

Supply Chain Software Collaboration Supply Chains Optimal Sourcing 78

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

MARCH 5, 2021

Much of the debate over freight analytics rests on how well predictive analytics aligned with what was observed in the market. But that concept often falls by the wayside in supply chain analytics, especially when assessing the accuracy of predictions using freight data or a forecasting engine. USA and FWSR28.USA

Freight 98

Freight Cost Reduction Expense Reduction Price Reduction 98

FreightWaves SONAR

JANUARY 25, 2021

Today, freight load management is a major trouble area for carriers and logistics managers within the shipping industry. For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Within the freight load management area of the network, data is essential.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

APRIL 13, 2021

Ocean freight is a major part of the modern shipping industry and plays a role in a large percentage of overall shipping capacity. This reliance on ocean freight lanes is what many logistics managers and freight brokers do not fully understand until something goes wrong within the supply chain. Download the White Paper.

Supply Chain Planning Software 59

Supply Chain Planning Software Freight Supply Chain Software Cost Reduction 59

FreightWaves SONAR

NOVEMBER 19, 2020

Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Without supply chain visibility, a retailer cannot realistically move freight to other markets to take advantage of trucking capacity. It’s that simple.

Supply Chain Software 105

Supply Chain Software Supply Chains Sourcing Strategies Scenario Planning 105