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

FreightWaves SONAR

And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR Demo.

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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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Trade agreements and logistics data: why proactive planning always wins

FreightWaves SONAR

For instance, using the trends and seasonality within the Outbound Tender Rejection Index, shown above , logistics coordinators can create responses to RFPs based on like a higher all-in rate. As highlighted by LinkedIn , a staggering 80% of bargaining is preparation, analysis, data review and planning before any meeting or discussion occurs.

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February 7, 2024 Update

Freightos

More Resources Home February 7, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 4% to $2.06/kg.

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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. Without excellent and clear communication, these trends will not be identified and acted upon until it is too late.

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What data is available to track intermodal freight shipping rates

FreightWaves SONAR

Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Knowing where current intermodal freight shipping rates stand and where the trends are heading gives a substantial competitive advantage over those only using truckload services.