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

FreightWaves SONAR

The problem looms large for shippers and managers across the supply chain network, but the answer is out there – better utilization of smart data and automated processes. When trucks make return trips empty, it often ends up costing more to drive that truck home than it makes with its freight load. 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. Data-driven insights provide a rubric for guiding RFP processes.

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6 Truckload freight spend optimization best practices

FreightWaves SONAR

As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Download the White Paper. Review transportation pricing and contracts regularly.

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10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

GlobalTranz

We've negotiated rates with all the major carriers and maintained them. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper. 10 LTL Procurement Cost Cutting Tips.

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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 right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management.

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

FreightWaves SONAR

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. Talent and skills relevant to supply chain analytics are limited.

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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.