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Why data is critical to freight routing guide compliance

FreightWaves SONAR

The guides outline the goals and the specific needs of individual carriers, load types, destinations and industry niches. Both inbound and outbound goods and shipments benefit from the inclusion of data and analytics , real-time tracking, automated processes, and modern technology. Request a SONAR Demo. Request a SONAR SCI Demo.

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The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR. Freight market share over the last week, such as SONAR’s Outbound Tender Market Share (OTMS). Request a SONAR Demo.

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How to Measure Success: KPIs for Inbound Logistics

WorkWave

What are inbound and outbound logistics? Both inbound and outbound logistics involve the transportation of products across various distribution channels, however inbound logistics deals with supply and outbound logistics fulfill demands. This guide outlines the essential KPIs you should be monitoring to ensure efficiency.

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SONAR Indices & Insights: See changes in capacity and a sense of shipping rates with the Weighted rejection index (WRI)

FreightWaves SONAR

The WRI combines outbound tender market share (OTMS) and the weekly change in tender rejection rates (OTRIW). For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. Various market participants in the freight industry can rely on the WRI heatmaps in different use cases.

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[stackd] Beyond TMS: How freight tech enables supply chain collaboration & customer experience at scale

FreightWaves SONAR

How is technology enabling strategic conversations at the order level to happen faster and for the freight department to work seamlessly with procurement on the inbound side and sales on the outbound side to optimize freight shipping ? And why is digitizing the supply chain network vital moving forward for our industry?

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Which is better for fleet assets? Contract or spot freight?

FreightWaves SONAR

Figuring out the best strategy for managing fleet assets can be difficult at best. Unfortunately, disruption and market volatility – sudden changes within the industry – will often have a dramatic effect on the spot market. Freight management remains an industry in which balance reigns supreme. Request a SONAR Demo.

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SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus

FreightWaves SONAR

In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions. This data has been collected over a 4 year period, broken down into shipper industry cohorts.