FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Regardless of segment, the need for technology and insight via real-time predictive freight rates that can explore the specifics are critical to success. Even worse, predictive freight rates using outdated data may do more harm than good. .

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

FEBRUARY 26, 2021

(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Broken down to reefer, dry van and flatbed.

Trucking 96

Trucking Price Reduction Freight Cost Reduction 96

Freightos

NOVEMBER 7, 2023

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU. America weekly prices increased 21% to $5.72/kg

Negotiating Skills 112

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 112

Parade

JANUARY 26, 2021

tl/dr - Don’t buy software-especially anything around “freight tech”-if your vendor can’t show you exactly what impact you’ll get and which knobs to tune. There are many reasons why Amazon is successful (future blog post?) So why does this matter to freight brokers? An example of input metrics. Inputs vs. Outputs.

Freight 78

Freight Digital Examples Blog 78

Parade

JANUARY 26, 2021

tl/dr - Don’t buy software-especially anything around “freight tech”-if your vendor can’t show you exactly what impact you’ll get and which knobs to tune. There are many reasons why Amazon is successful (future blog post?) So why does this matter to freight brokers? An example of input metrics. Inputs vs. Outputs.

Freight 78

Freight Digital Examples Blog 78

Freightos

MAY 1, 2024

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. China – N. Europe weekly prices increased 23% to $4.37/kg. Europe – N. America and $3.85/kg

Data 91

Data Logistics Network Optimization Software Freight Cargo 91

FreightWaves SONAR

FEBRUARY 26, 2021

When leading a freight sales team, it is critical to recognize the importance of a sales representatives’ time management and where their attention is directed in order to get the best return on their efforts. Many freight sales professionals will tell you they landed a customer because they “called them at the right time”.

Freight 64

Freight Demo Outbound Logistics Network Optimization Software 64

Freightos

DECEMBER 6, 2023

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU. America weekly prices were level at $6.30/kg

Negotiating Skills 95

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 95

Freightos

NOVEMBER 7, 2023

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. Here at Freightos, our vision is to digitalize international freight–air and ocean.

eBook 84

eBook Optimal Sourcing Negotiating Skills Digital 84

FreightWaves SONAR

FEBRUARY 8, 2021

Unlike contracted rates, the spot freight market is full of wild price swings and uncertainty. And in freight management, a delay of a day or even hours can amount to significant delays and a poor customer experience. In general, this results in a preference for contract freight among shippers and carriers alike. Consider this.

Price Reduction 94

Price Reduction Resource Reduction Freight White Paper 94

FreightWaves SONAR

MARCH 9, 2021

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. The freight market makes real-time decisions, and when it comes to navigating the freight market, they need near-real time data to proactively plan. Request a SONAR Demo.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

Data 52

Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

FreightWaves SONAR

NOVEMBER 19, 2020

Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Consider this example. Without supply chain visibility, a retailer cannot realistically move freight to other markets to take advantage of trucking capacity.

Supply Chain Software 105

Supply Chain Software Supply Chains Scenario Planning Sourcing Strategies 105

Shipchain

MARCH 13, 2019

For example, initiating a recall is streamlined through blockchain by showing all movements of affected shipments. Payment Management Forms Another Key Freight-Use for Blockchain-Based Systems. For example, an e-commerce warehouse using a blockchain-based system like a smart contract could automate payments processing.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

FreightWaves SONAR

JULY 14, 2023

In order to make a real difference, however, this motivation to better the industry must be coupled with a deep knowledge of the freight market — including how it works, where it has been and where it is going. High-frequency data It is a widely accepted truth that data plays an important role in revealing the state of the freight market.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Freight Logistics Network Optimization Software 52

FreightWaves SONAR

DECEMBER 10, 2020

Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. Some of the challenges with the supply chain will and already do accurately predict freight’s future. Request a SONAR Demo.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 95

FreightWaves SONAR

MARCH 24, 2021

Brokerage leaders are turning to this strategy for their freight business. Many small and medium-sized brokerages find themselves entering the freight brokerage market with a specialized niche. While it is possible to continue revenue growth, you work extremely hard during down periods in your freight business just to remain stable.

Freight 72

Freight Price Reduction Cost Reduction Inventory Reduction 72

FreightWaves SONAR

DECEMBER 21, 2020

In this edition of “SONAR Indices & Insights,” the SONAR team will explain another index found within SONAR, the freight forecasting platform from FreightWaves. In this article, you learn what the RESL Index is, what it may tell various freight market participants, and what the RESL Index can do for each freight market participant.

Trends 98

Trends Freight Demo Purchasing Skills 98

FreightWaves SONAR

MARCH 15, 2021

The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions of dollars on freight shipping. SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

MARCH 5, 2021

Much of the debate over freight analytics rests on how well predictive analytics aligned with what was observed in the market. But that concept often falls by the wayside in supply chain analytics, especially when assessing the accuracy of predictions using freight data or a forecasting engine. USA and FWSR28.USA

Freight 98

Freight Cost Reduction Expense Reduction Price Reduction 98

FreightWaves SONAR

FEBRUARY 2, 2021

That’s where freight indices come into play. Emerging technologies from automation to delivery drones to the Internet of Things have the potential to transform the freight industry, disrupting old business models and changing the nature of freight jobs.” Increase acceptance rate - Lower freight spend. Enter new lanes. -

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

Freightos

JANUARY 15, 2024

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates.

Negotiating Skills 114

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 114

FreightWaves SONAR

JANUARY 5, 2021

Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Quite simply, it costs money to ship freight and the amount can vary significantly by region, zone, mode and more.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

FreightWaves SONAR

MARCH 22, 2021

In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days.

Capacity 98

Capacity Demo Price Reduction Cost Reduction 98

FreightWaves SONAR

NOVEMBER 6, 2020

Operating a successful freight brokerage means offering competitive rates to shippers, working with more carriers, and keeping employees happy. To that end, consider these freight broker salary ranges and how they respond to the market. For example, the following BLS map shows the annual mean wages by state: From [link].

Freight 71

Freight Negotiating Skills Buyer Training Data 71

FreightWaves SONAR

APRIL 1, 2021

Less-than-truckload shipping, also known as LTL shipping, is nothing new within the transportation and shipping industry, but it has become more of a game-changer in recent years with freight rate prediction. LTL shipping rates would historically depend on freight class and the cost per hundredweight .

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

FreightWaves SONAR

NOVEMBER 20, 2020

Tracking the correct KPIs in supply chain processes across warehouses, logistics, transportation and freight management is essential. Leveraging new technologies and freight forecasting platforms make the best decisions possible for freight broker profit gains and net value across all segments.

Supply Chain Design Software 66

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 66

FreightWaves SONAR

APRIL 19, 2021

SmartWay, a voluntary program under the EPA, helps measure and offers solutions to reduce the total carbon emissions created by freight transportation. For example, let’s examine a load going from Denver, Colorado to Fort Wayne, Indiana. This is a perfect example of how we can lower carbon emissions and improve carrier capacity.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Material Savings Sourcing Strategies 52

FreightWaves SONAR

JANUARY 7, 2021

Take this example reported by Richard Davis in Supply & Demand Chain Executive , “It’s 7:00 p.m., While that’s an example of a particular warehouse, it has a natural implication for carriers. Remember that carriers are those that actually move freight. Consider the following example. Request a SONAR Demo.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

FreightWaves SONAR

DECEMBER 11, 2020

The national economy depends on trucks to deliver nearly 70% of all freight transported in the U.S. View the full infographic below the text body of this blog. As an example, rolled cargo could result in additional delays that add to a higher detention and demurrage risk for freight brokers and truckload providers.

Data 59

Data Supply Chain Planning Software Supply Chain Software Optimization Software 59

FreightWaves SONAR

FEBRUARY 16, 2021

Truck fleet management has always been intensely focused on knowledge of the freight market. And freight KPIs can serve as a valuable tool for freight market intelligence. Freight intelligence tools help management develop a more unified freight strategy. Streamline data capture and analysis.

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

FreightWaves SONAR

FEBRUARY 8, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team describes how freight market participants can view a leading indicator of incoming ocean shipments before they leave the port of origin. This is possible using the new Ocean TEUs indices found in SONAR, the freight forecasting platform from FreightWaves. .

Outbound 98

Outbound Procurement Analytics Demo Freight 98

FreightWaves SONAR

NOVEMBER 24, 2020

Market dynamics of freight management can turn on a dime. Simultaneously, shippers must realize market volatility and other factors contribute to higher freight spend and uncertainty. Seeing market volatility and conditions at any point will inevitably allow shippers to recognize when freight spend will shift.

Data 105

Data Supply Chain Planning Software Resource Reduction White Paper 105

Parade

FEBRUARY 10, 2022

We recently published , a blog post about how Parade is different from other capacity management vendors, but then we realized there were even more unique features that Parade offers their customers. Reporting Comes Standard, Even Reporting that Shows Exactly How Parade is Performing Transparency plays a key role in the freight industry.

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Networks 78

FreightWaves SONAR

JANUARY 4, 2021

That’s a loaded question, and it requires a review of all existing shipping services, freight brokerage value-added talking points and more. The best examples of shippers of choice provide services along several trucking routes. Such a focus allows them to deliver in-demand services for short-term and long-term contracts.

Tips 111

Tips Security Capacity Supply Chain Software 111

Freightos

JANUARY 25, 2024

Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Freight is digitizing itself now at real scale. Q: What does it mean for the freight industry as a whole? When I say “we” I mean we the international freight industry, not just Freightos.

Logistics Network Optimization Software 108

Logistics Network Optimization Software Optimization Software Digital Buyer Training 108

FreightWaves SONAR

FEBRUARY 17, 2021

Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. But even more importantly, this freight data enables shippers to optimize their company’s operations in various ways by avoiding overspend and more. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Negotiating Skills Negotiate Pricing 98