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Why accurate predictive freight rates are only possible with holistic and real-time data

FreightWaves SONAR

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages. Download the White Paper.

Data 98
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Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement

FreightWaves SONAR

According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.

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Big data and inventory management

EazyStock

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

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Two Modes, Split Roads

Freightos

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. In this blog post, I describe the different paths these modes took and where things stand at the close of 2023. It is indeed “A Tale of Two Modes,” each with its own story, pace, successes, and snags.

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SONAR Container Atlas allows shippers to predict the future with confidence

FreightWaves SONAR

Logistics industry leaders rely on data to run their businesses in real-time, and they consult data when planning for the future. In recent years, it has become easier for decision makers to gain access to a wide swatch of different data points. Legacy data is still some of the most popular data in the industry.

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SONAR Indices & Insights: Measure diesel fuel price volatility and market impacts with FUELS and ULSD rack data

FreightWaves SONAR

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. What are the ULSDR data and FUELS indices?

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How do you forecast lumpy demand?

EazyStock

Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Different demand types or classifications If you analyze the historical sales data of every product in your warehouse, you’ll find that the demand for different items varies considerably. appeared first on.