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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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Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

GlobalTranz

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Outbound freight costs as percentage of net sales.

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What data is available to track intermodal freight shipping rates

FreightWaves SONAR

Today’s shipping and transportation industry has changed in several ways, even over just the last few years. Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Download the White Paper.

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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. Download the White Paper. Proactive planning is among the most effective weapons logistics managers have in their arsenal.

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

FreightWaves SONAR

Data represents an integral part of daily life for most people, and it is no different within the transportation industry. Predictive data analysis allows managers to tweak and adjust route optimization and shipping protocols to accommodate market demands. Download the White Paper. Request your demos below.

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What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?

FreightWaves SONAR

Transportation only provides a partial picture of an industry. Improved planning through wait time analysis benefits all parties. Download the White Paper. That includes compliance with the inbound freight routing guide and outbound activities. Increased insight into warehouse management capabilities.

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Manufacturing Supply Chain Constraints and How to Overcome Them

FreightWaves SONAR

Inability to account for market fluctuations due to disruptions Within the manufacturing supply chain industry, there is a question about whether disruptions will happen and when they will occur. And lane-by-lane insights are critical to account for that disruption among raw material suppliers and the flow of outbound freight.