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

FreightWaves SONAR

This is particularly true for truckload shipping procurement. 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. Read on to see how these innovations can help with truckload shipping procurement.

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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 Steps to conduct a freight spend analysis

FreightWaves SONAR

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.

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BCOs and drayage planning: How global retailers apply data

FreightWaves SONAR

H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Download the White Paper.

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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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3 Ways Shippers Use Trucking Data to Find Capacity

FreightWaves SONAR

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.

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What Is Transportation Optimization and What Does It Have to Do With Managed Transportation

GlobalTranz

True optimization applies data to ensure all decisions and processes are carried out to their fullest potential. Leveraging data for continuous improvement makes transportation optimization more synonymous with managed transportation. Transportation optimization is part of enabling proactive supply chain management.