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

FreightWaves SONAR

Trucking capacity is tight, and deadheading is the precursor of even stricter capacity. The problem of deadheading in trucking. By utilizing effective trucking RFP protocols, freight managers can ensure trucks stay filled on every leg of every trip. The best way to avoid deadheading is by on-demand freight data analysis.

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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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Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data

FreightWaves SONAR

That’s the onus of electronic freight tender trucking data when compared to lagging submitted data that may take 7 to 14 days to come in. Near-real time freight electronic tender trucking data offers reliable insights. Now imagine the value of more accurate data in light of the pandemic. Download the White Paper.

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Freight and trucking data: how historical and contract load tender data create a trucking rate predictor

FreightWaves SONAR

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. Why lagging data contributes to limited insight into trucking rates.

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