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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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Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Fuel costs: Last-mile fuel costs require careful management as they make up 25% of a truck’s operational costs over volatile price fluctuations. Read also: How to Calculate the Cost of Transport 2. Read also: What Makes Every Delivery More Efficient Than the Last How to reduce delivery costs of last-mile?

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

FreightWaves SONAR

And the overall industry trucking trends imply an absolute need to grow more strategically. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. The best and only successful way to overcome flawed data analysis is to use effective technology.

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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.

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Bill of Lading Types: How to Avoid the Detention and Demurrage Due to Documentation

MTS Logistics

In shipping, documentation, freight insurance, terminal problems, and trucking shortages are just a few of the problems we face today. Hapag-Lloyd recently announced the demo of e-bill of ladings that have been used in recent months. But the biggest issue to address in the documentation category is the bill of lading (BL).

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Enterprise shippers’ top 6 logistics strategies to know

FreightWaves SONAR

Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Logistics strategies will leverage expert insight The best enterprise shippers look for ways to improve trucking costs and operations with big data applications. Download the White Paper.

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4 best practices to improve your truckload service and pricing

FreightWaves SONAR

Smart and practical trucking data is critical for the modern supply chain network. And it’s critical to know how to apply these practices correctly. . The top four types of trucking carriers include: Strategic Partners – These carrier providers make up most shippers’ primary focus and handle the bulk of day-to-day loads.