article thumbnail

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.

article thumbnail

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. Identifying current inbound and outbound rail volume rates in the current market. Predicted inbound and outbound fuel and maintenance budgeting needs. Request a SONAR Demo.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

SONAR Indices & Insights: Plan and Measure Refrigerated Shipping Capacity & Rates

FreightWaves SONAR

In this article, you learn what are the various reefer freight data indices available in SONAR, who in the freight market relies on these indices, what the indices tell freight market participants, and real-world scenario analysis of using SONAR refrigerated shipping indices to better understand the freight market.

article thumbnail

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.

article thumbnail

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. The value of strategic planning and real-time data analysis cannot be overstated. Request your demos below. Request a SONAR Demo. Request a SONAR SCI Demo. Request a SONAR SCI Demo.

article thumbnail

5 Transportation Data and Insight Reports to Guide Freight Brokers

FreightWaves SONAR

Part of that strategy lies in using the right transportation data, analysis and insightful reports, such as those provided within FreightWaves SONAR, to guide day-to-day operations. Outbound/Inbound Tender Rejection Indices to understand market trends and rates. Request a SONAR demo online to learn more. Request a SONAR Demo.

Data 52
article thumbnail

New WMS solution growing up fast

Logistics Business Magazine

The Stratford-upon-Avon based company, which was established in 2007 and recently won a Queen’s Award for Enterprise, is additionally enjoying consistent control of inventory and outbound processes, which help deliver a first-class customer experience. Their agile approach means giving clients select parts of the system (e.g.