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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.

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How to price freight loads: carriers that use data price more accurately

FreightWaves SONAR

Today, freight load management is a major trouble area for carriers and logistics managers within the shipping industry. For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Within the freight load management area of the network, data is essential.

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[WHITE PAPER] How lane by lane analysis at scale promotes strategic and tactical transportation management

FreightWaves SONAR

How effective are you at lane-by-lane planning and getting deep insights to aid in freight spend planning, mini-bids, and other long-term contracts in your organization? How contract data amounts to tactical bidding management. How to use data to stay strategic and lower costs across the board. . Request a SONAR Demo.

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[WHITE PAPER] How to empower your network with routing guide compliance

FreightWaves SONAR

But analytics is a complicated topic, and knowing how to apply them can be difficult at best. The value created with real-time data and right-now lane-level analysis to enforce compliance. How combining different metrics amounts to more proactive and successful tactical supply chain management. Request a SONAR Demo.

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

FreightWaves SONAR

Tracking market trends within truckload rates relies heavily on data and analysis. Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Data-driven insights provide a rubric for guiding RFP processes.

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Manufacturing Supply Chain Constraints and How to Overcome Them

FreightWaves SONAR

Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. With mini-bids, carriers have an opportunity to focus more time and resources on specific lanes, improving the balance of their freight networks. Request a SONAR Demo.

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Conducting a Trucking RFP: Tips for Shippers to Optimize Contract Freight

FreightWaves SONAR

With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.