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How LTL shipping rates work and how to track trends developing in long-term pricing agreements

FreightWaves SONAR

LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Density plays a role in the form of dimensional pricing.

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Making your carrier sales team as powerful as your customer sales team

FreightWaves SONAR

That’s why the only way to figure out a real commission plan rests with knowledgeable sales. In our recent white paper , we discussed the growing importance of carrier utilization. Shippers will not be willing to accept a lack of trucking capacity or last-minute price changes in an industry that is becoming more transparent.

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5 Things to Look for When Vetting Logistics Transportation Services

GlobalTranz

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The blending of both new and existing resources supports transparency and offers financial and strategic advantages to shippers and the solutions provided through the logistics transportation service. . Learn More.

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The role of mobile data in building the supply value chain

FreightWaves SONAR

Download the White Paper. That’s where FreightWaves SONAR can make a meaningful difference, providing the connection to tendered and invoicing data , empowering teams and leaders with the insights needed to stay strategic and proactive. This insight allows them to enter negotiations with a clearer understanding of the market.

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

FreightWaves SONAR

And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Download the White Paper.

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How transportation brokers should start each morning with FreightWaves SONAR-fueled data

FreightWaves SONAR

Freight data can help transportation brokers understand market volatility, allocate assets, identify high priority loads, and negotiate trucking contracts with the carrier. The lack of freight data amounts to managing the company without any visibility into current operations or transportation costs. Download the White Paper.

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Data analytics for logistics drives reefer efficiency via a real-time forecast

FreightWaves SONAR

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. Part of that is obvious due to changing seasons, but it also means it’s time to start thinking about how current contract reefer rates are shaping rate negotiations. the year prior.

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