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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. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

More carriers are pursuing ways to measure profitability per load and track operating ratios. Of course, carriers want their transportation networks to be as profitable as possible. Most freight managers are not qualified for this kind of operation, so forming partnerships with 3PLs is vital. Download the White Paper.

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February 7, 2024 Update

Freightos

Judah Levine February 7, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $4,367/FEU. Asia-US East Coast prices (FBX03 Weekly) increased 4% to $6,373/FEU.

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Freight Costs: 5 tips to get the biggest bang for your buck

FreightWaves SONAR

Where freight managers go wrong with planning the transportation budget The biggest problem when planning a transportation budget is an inability to see actual versus projected costs across the network. The supply chain operates on roughly an 18-month cycle. Think about this.

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Truck fleet management: How are my trucks performing in the market?

FreightWaves SONAR

By using strong management and analysis processes, supply chains can maximize value and stay competitive. Knowing how fleets operate day in and day out will help provide a clear picture of efficiencies. Streamline data capture and analysis. Know your operating ratio . Allocate assets based on market conditions.

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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. Data will ensure smooth operations and successful executions at every point along the supply chain. A need for a genuinely independent partner becomes clear when one takes a step back from daily operations.

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Near-real-time data-driven route optimization best practices

FreightWaves SONAR

Predictive data analysis allows managers to tweak and adjust route optimization and shipping protocols to accommodate market demands. When working with LSPs and other third-party vendors, competitive rates and services can be a key influence on networking partnerships. Request your demos below. Request a SONAR Demo.