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

FreightWaves SONAR

Truck fleet management has always been intensely focused on knowledge of the freight market. By using strong management and analysis processes, supply chains can maximize value and stay competitive. A clear vision for how the market and the fleet can work in unison is at the heart of fleet management within the trucking industry.

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Advancing Transportation Procurement: The Shift From Spreadsheets to Software

FreightWaves SONAR

This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis. By aggregating and analyzing historical bid data, shippers can identify trends, benchmark performance and forecast future transportation costs more accurately.

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Why asset-based carriers are using freight tech to recruit truck drivers

FreightWaves SONAR

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. The issue with recruiting and retaining truckers is that it is difficult to do so without understanding actual market trends and volatility. . The truck driver shortage and its relationship to the capacity crunch.

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

FreightWaves SONAR

Without excellent and clear communication, these trends will not be identified and acted upon until it is too late. Knowing freight costs in advance is essential to keep total landed costs in check Understanding transportation freight costs and current freight rates for lanes must be the primary goals of cost analysis.

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March 27, 2024 Update

Freightos

More Resources Home March 27, 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. Europe – N. America weekly prices fell 4% to $2.06/kg.