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Truck fleet management: How are my trucks performing in the market?

FreightWaves SONAR

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. Effective truck fleet management is vital for successful daily carrier operations.

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The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. And knowing what’s happening to market volatility and trucking carriers across the country is critical to maximizing carrier revenue and margins. Request a SONAR Demo.

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The 4 Types of Trucking Carriers Shippers Should Consider in RFPs

FreightWaves SONAR

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.

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Trucking rate relief in 2022? Not so fast

FreightWaves SONAR

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?

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The biggest challenges in asset-based trucking to overcome in 2021

FreightWaves SONAR

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.

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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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SONAR Indices & Insights: Stay ahead of a truck driver shortage using these truck driver indices in SONAR

FreightWaves SONAR

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). Driver Turnover (%) (DRVTO).