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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. If you were able to see current capacity trends, it would be much easier to understand if you were able to push the rate down or move on to another interested carrier to secure the best rate.

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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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FreightWaves SONAR releases Capacity Trend Indices

FreightWaves SONAR

FreightWaves SONAR is releasing new indices – Capacity Trend Market Scores and Capacity Trend Market Direction – to help shippers, carriers and brokers prioritize specific routes daily. Capacity Trend Market Scores Capacity Trend Market Scores are divided into two perspectives – shipper/broker and carrier.

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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. During times of high freight market volatility in the supply chain, data-driven decisions and fact-based analytics must be seriously considered in order to mitigate unexpected occurrences to secure contract procurement.

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How to create a carrier scorecard that includes predictive modeling around freight market volatility

FreightWaves SONAR

Measure invoiced rates against market trends. The billed or invoiced rates should always reflect current market trends. Connect your scorecard resources to freight forecasting platform tools, such as SONAR Lane Scorecard. Use insights to guide RFP and mini-bid activity to secure better rates during uncertainty.

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SONAR recognized for superior customer satisfaction, strong market presence

FreightWaves SONAR

SONAR secured the title of “leader” in the company’s summer 2023 performance report. SONAR is user-friendly and one of my favorite daily tools,” the reviewer noted. “I I love that SONAR shows more recent rates, allowing me to see trends as they begin and not after they have already happened.

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5 more truckload shipping strategies for enterprise shippers

FreightWaves SONAR

Using digital freight matching platforms is the best strategy to secure meaningful and practical capacity. Making meaningful use of truckload shipping platforms helps fleets secure higher capacity trucks and trailers. Utilization of truckload shipping tools and processes to optimize freight movements. Request a SONAR Demo.