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Navigating the Freight Landscape: Leveraging Key Market Areas for Supply Chain Success

FreightWaves SONAR

Recognizing the collective significance of market conditions across KMAs at any given time, logistics professionals can devise strategies that accommodate the diverse nature of these areas, ensuring efficient and effective freight procurement and management. Curious about how KMA trends can inform an effective supply chain strategy?

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New features in Market Dashboard+

FreightWaves SONAR

When operating minibids or short-term RFPs, or when pricing individual loads, it is important to understand the directional movement of freight trends in order to be proactive in your pricing strategy. For example, if rates are trending upward, they may be able to increase their prices to take advantage of market conditions.

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The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR. Freight market share over the last week, such as SONAR’s Outbound Tender Market Share (OTMS).

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SONAR Indices & Insights: See changes in capacity and a sense of shipping rates with the Weighted rejection index (WRI)

FreightWaves SONAR

The WRI combines outbound tender market share (OTMS) and the weekly change in tender rejection rates (OTRIW). For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. OTMS x OTRIW = WRI.

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Why Your 3PL Should Have Multiple Warehouse Locations

Ship Monk

For example, let’s say you’re an apparel store with a diverse catalog. Let’s go back to the apparel store example. No matter what you sell, returns are pretty much unavoidable, which means baking a plan for them into your overall strategy is a must. You see, there are two sides of the shipping coin: outbound and inbound.

3PL 75
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Making your carrier sales team as powerful as your customer sales team

FreightWaves SONAR

Lane Signal considers the following indices: Outbound Tender Volume Index Outbound Tender Rejection Index Headhaul Index for both origin and destination Inbound Tender Volume Index Inbound Tender Rejection Index. Here are three examples for how to use this product in real-time. Use the destination market as leverage.

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The role that ERP systems can take in helping IM&E

SYSPRO Smarter ERP

The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. Running a warehouse as a silo, for example using a spreadsheet, will not help sales when a customer asks for a quote, or the shop floor if they need to know what materials are available for a production run. Download Now.