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How LTL shipping rates work and how to track trends developing in long-term pricing agreements

FreightWaves SONAR

Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Request a SONAR Demo.

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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

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. Seeing the long-term trends over time provides shippers with more options and a better understanding of density.

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Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency

FreightWaves SONAR

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Recognize market volatility trends and their impact on replenishment lead time Another beneficial action to boost efficiency with freight management comes from the recognition of market volatility trends.

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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

True transportation cost analysis goes well beyond benchmarking to analyze, monitor and forecast trends that can be used to the shipper’s advantage. A trend that continues among shippers nationwide is better monitoring and utilization of analysis within the supply chain. Request a SONAR Demo. Consider this fact.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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

FreightWaves SONAR

Yes, AI and machine learning build on algorithms to isolate historical trends and derive a likely transportation rate. And the past data trends are obsolete and rapidly becoming more so. However, AI can provide a pathway toward more proactive, responsive management strategies. Request a SONAR Demo. But this is 2020.

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The Golden Route: Perfecting Diwali Deliveries This Festive Season

Locus

Let’s find out the three key strategies for brands to enable last-mile excellence during this Diwali season! Visibility: Fueling Unparalleled Customer Experiences Recent findings from the Qualtrics 2023 Global Consumer Trends Report offer a jolting insight: Indian enterprises could potentially lose out on 17.3%