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Your Freight Rating Tool but Better

FreightWaves SONAR

A spot rate benchmarking tool has become an essential application for brokers, carriers and shippers to have at their fingertips. Market Conditions is available for van, reefer and flatbed equipment types. The legend of the map ranges from red markets (negative) to white (stable) and blue (positive).

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What data is available to track intermodal freight shipping rates

FreightWaves SONAR

One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. Because availability and demand can impact freight rates and expenses, knowing the current volume trends can help shippers better plan for rates and fees. Request a SONAR Demo.

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Conducting a Trucking RFP: Tips for Shippers to Optimize Contract Freight

FreightWaves SONAR

But what shippers want and what’s available do not always align. 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. Here’s the truth.

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The 3 top benefits of trucking fleets benchmarking financial and operational performance

FreightWaves SONAR

Benchmarking standards within trucking fleets are continuously changing. As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.”

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Why data source matters to accurately and objectively assess the over the road trucking market

FreightWaves SONAR

The digital age has presented a wealth of opportunities for the over the road trucking market. As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. Asset availability versus utilization.

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SONAR Indices & Insights: Use these indices to build trucking KPIs to optimize fleet utilization

FreightWaves SONAR

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several mileage-focused indices to aid carriers to build trucking KPIs that will inform decisions to optimize fleet utilization among other freight KPIs. Miles per Truck per Week (MILTR). Miles per Truck per Week (MILTR). Loaded Miles (%) (LOADM).

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10 Challenges for Shippers in Negotiating Trucking Contracts

FreightWaves SONAR

Transportation analytics is among the most effective tools in trucking contract negotiations. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Trucking contracts are not necessarily built for disruption.