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6 Truckload freight spend optimization best practices

FreightWaves SONAR

Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. More importantly, the type of carrier, whether asset-based or a lite carrier, may impact the risk of accessorials and overall pricing as well.

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5 Things to Look for When Vetting Logistics Transportation Services

GlobalTranz

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The blending of both new and existing resources supports transparency and offers financial and strategic advantages to shippers and the solutions provided through the logistics transportation service. .

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Truckload Shipping Procurement: How Large Data Sets/AI Aid in Pricing and Capacity Outlooks

FreightWaves SONAR

When trucks make return trips empty, it often ends up costing more to drive that truck home than it makes with its freight load. Poor capacity acquisition comes down to poor communication and freight contracts negotiation due to outdated methods. Deadhaul miles rack up shipping costs. Download the White Paper.

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Truckload rates: Using data predict and prepare spot vs. contract bids and RFPs

FreightWaves SONAR

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis.

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The State of the Trucking Market in 2021

GlobalTranz

Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? . Increasing fuel costs also play into the available capacity woes.? ? on-highway diesel fuel prices are up $0.898 from the end of August 2020.

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5 reasons why routing guide stability hedges market volatility & improves service levels

FreightWaves SONAR

In other words, a lack of insight into market-by-market and lane-by-lane analysis will amount to trouble in understanding what is going wrong and what is necessary to improve service levels. Download the White Paper. Shippers may renegotiate with carriers through mini-bids.

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How transportation brokers should start each morning with FreightWaves SONAR-fueled data

FreightWaves SONAR

Freight data can help transportation brokers understand market volatility, allocate assets, identify high priority loads, and negotiate trucking contracts with the carrier. The lack of freight data amounts to managing the company without any visibility into current operations or transportation costs. Download the White Paper.

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