FreightWaves SONAR

FEBRUARY 16, 2021

Truck fleet management has always been intensely focused on knowledge of the freight market. 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. Streamline data capture and analysis. Supply chains exist as data-driven entities.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

FreightWaves SONAR

MARCH 30, 2021

Maintaining good compliance to these informational guides is critical to supply chain management and relies heavily on current data and automation. Missing data amounts to inevitable routing guide failures Data is king in today’s ever-changing market, and it is only becoming more vital for supply chain operations and management.

Compliance 98

Compliance Supply Chain Software Supply Chain Planning Software Data 98

FreightWaves SONAR

JANUARY 5, 2021

Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again.

Data 88

Data Price Reduction Freight Resource Reduction 88

FreightWaves SONAR

FEBRUARY 10, 2021

Many of the most beneficial tools come from the utilization of data and analytics. Data and analytics provide carriers with an incredible wealth of information that has proven to bolster revenue and profits. How carriers create data-driven pricing strategies. Request a SONAR Demo.

White Paper 98

White Paper Optimization Software Data Price Reduction 98

FreightWaves SONAR

MARCH 22, 2021

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

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

MARCH 16, 2021

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

FreightWaves SONAR

JANUARY 7, 2021

Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through the good and bad times. And autonomous trucking logistics offers more value via management by exception and making profit-driving decisions for all incoming tenders. Consider the following example. That’s essential.

Supply Chain Software 52

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 52

FreightWaves SONAR

MARCH 11, 2021

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.

Optimal Sourcing 98

Optimal Sourcing Data Procurement Freight 98

FreightWaves SONAR

APRIL 12, 2021

Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Data access to see savings compared to truckload and other shipping methods. Data accuracy can and does impact freight transportation in a significant way.

Availability 98

Availability Data Supply Chain Planning Software Freight 98

FreightWaves SONAR

FEBRUARY 11, 2021

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.”

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

FreightWaves SONAR

FEBRUARY 15, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several operational-focused indices to aid asset-lite and asset-based carriers build trucking KPIs that will inform decisions that yield higher profit margins for those who run a trucking business. OPRAT is segmented into dry van, reefer and flatbed carriers.

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

FreightWaves SONAR

MARCH 9, 2021

These short-haul trucks deliver FTL or LTL freight loads between one form of transport and another.” H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Connect with FreightWaves to request a SONAR demo or by clicking the button below to learn more.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

FreightWaves SONAR

JANUARY 11, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several truck driver indices full of transportation data to aid carriers in staying ahead of any potential truck driver shortage within SONAR, the freight forecasting platform from FreightWaves. Truck to Driver Ratio (TDRAT).

Trucking 97

Trucking Procurement Analytics Modeling Software Demo 97

FreightWaves SONAR

AUGUST 13, 2021

Shippers hoping for trucking rate relief in 2022 are going to be severely disappointed. The trucking freight market is one of the most volatile markets on the planet, especially since 2014. Before we talk about 2022, let’s give a quick primer on how supply and demand work in trucking. What is causing these massive swings?

Manufacturing Procurement 98

Manufacturing Procurement Trucking Purchasing Skills Ordering 98

FreightWaves SONAR

MARCH 1, 2021

Asset-based trucking leads to several inevitable challenges. These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Pricing alignment makes for one of the more complicated challenges for asset-based trucking. Pricing alignment.

Expense Reduction 98

Expense Reduction Price Reduction Trucking Cost Reduction 98

FreightWaves SONAR

DECEMBER 28, 2020

When it comes to planning RFPs and figuring out which carrier partnerships to pursue, shipping managers need to be aware of the various trucking carriers with availability. The value of diverse trucking carriers. Each provider offers unique services, coverages and perks depending on the trucking contract and carrier type.

Waste Reduction 105

Waste Reduction Trucking Cost Reduction White Paper 105

FreightWaves SONAR

MARCH 15, 2021

Being able to secure loads and maintain long-term shipping contracts is essential to keeping trucks full and keeping the fleet on the road. The problem looms large for shippers and managers across the supply chain network, but the answer is out there – better utilization of smart data and automated processes. Download the White Paper.

Optimal Sourcing 72

Optimal Sourcing Procurement Negotiating Skills Data 72

FreightWaves SONAR

JANUARY 25, 2021

And the overall industry trucking trends imply an absolute need to grow more strategically. It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. Why outdated data hurts carriers in the short- and long-term. Download the White Paper.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

FEBRUARY 18, 2021

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. Recruiting truck drivers is not only the top challenge for carriers, but it will always remain one of the highest priorities. The truck driver shortage and its relationship to the capacity crunch.

Waste Reduction 97

Waste Reduction Trucking Freight Optimization Software 97

FreightWaves SONAR

JUNE 17, 2021

Using real-time data gives CPG companies the ability to de-risk from overall market conditions and the potential to lower freight costs, which can lead to a direct and positive impact to the bottom line. Request a SONAR Demo. Request a SONAR SCI Demo. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.

Negotiating Skills 52

Negotiating Skills White Paper Data Transportation 52

FreightWaves SONAR

DECEMBER 22, 2020

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.

Optimization Software 105

Optimization Software Optimization Tips Price Reduction 105

Freightos

MARCH 27, 2024

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Exporters choosing these options could face increased trucking and rail rates as demand increases for shifts to other ports. Asia-US East Coast prices(FBX03 Weekly) fell 10% to $5,284/FEU. China – N.

Logistics Network Optimization Software 109

Logistics Network Optimization Software Data Freight Handling 109

FreightWaves SONAR

DECEMBER 21, 2020

Transportation analytics is among the most effective tools in trucking contract negotiations. Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. A common problem in the process of annual trucking contracts derives from limited network contracts.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

Freightos

APRIL 2, 2024

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Subscribe Now Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights. China – N. Europe – N.

Logistics Network Optimization Software 105

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FreightWaves SONAR

FEBRUARY 1, 2021

This struggle can finally come to an end through the use of modern analytics and data management. One of the significant issues for any truck driver appears in the form of empty miles. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. .

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

FreightWaves SONAR

FEBRUARY 25, 2021

But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . This factor plays into net revenue per truck per week as well.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

JANUARY 25, 2021

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).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

DECEMBER 29, 2020

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. And it’s in this space where big data analytics can add the most value.

Data 52

Data Negotiating Skills Transportation Supply Chain Software 52

FreightWaves SONAR

MAY 7, 2024

This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis. These platforms automate and digitize procurement workflows, simplifying data management and enhancing decision-making capabilities.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

FreightWaves SONAR

FEBRUARY 22, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases trucking revenue benchmarking indices. This week, learn how executives who manage a trucking business are monitoring these SONAR revenue indices to benchmark trucking revenue and improve decision-making that yields higher profits.

Trucking 85

Trucking Procurement Analytics Demo Modeling Software 85

FreightWaves SONAR

MAY 19, 2021

Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.

Data 52

Data Negotiating Skills Supply Chain Design Software Supply Chain Design 52

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.

Data 52

Data Sourcing Strategies Transportation Freight 52

FreightWaves SONAR

FEBRUARY 9, 2021

However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Request a SONAR Demo. affecting seasonal trucking employment (EMPN.TRUK) Carriers should continuously monitor driver HOS schedules and expectations. Request a SONAR Demo.

Data 52

Data Freight Demo Outbound 52

FreightWaves SONAR

FEBRUARY 9, 2021

However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Request a SONAR Demo. affecting seasonal trucking employment (EMPN.TRUK) Carriers should continuously monitor driver HOS schedules and expectations. Request a SONAR Demo.

Data 52

Data Freight Demo Outbound 52

FreightWaves SONAR

JUNE 3, 2021

SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Request a SONAR Demo. Request a SONAR SCI Demo. Source: SONAR).

Negotiating Skills 52

Negotiating Skills Data Freight Inbound 52

FreightWaves SONAR

JANUARY 10, 2022

In fact, our data shows that accepted tender volume is up 12% y/y. SONAR intermodal contract rate data shows rates up 19% from this time last year. Maritime import volume remains robust and it appears that the ports of LA and Long Beach will announce a record December when the data is released. Request a SONAR Demo.

White Paper 98

White Paper Demo Data Maritime 98

FreightWaves SONAR

MARCH 2, 2021

Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. In fact, logisticians should consider these top five use cases of increased visibility and data within logistics and how they improve throughput. Download the White Paper.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52