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

FreightWaves SONAR

Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. Major shippers and transporters have only so much space available to work within LTL shipping capacity.

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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Lacking data promotes trouble in annual contract capacity procurement during times of volatility. Using analytics will save time and help avoid problems securing LTL freight rates and capacities by pointing out opportunities.

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Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency

FreightWaves SONAR

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. And part of that includes recognizing when existing contracts fall short and when to re-enter mini-bids, significantly as capacity tightens, says the Loadstar. Request a SONAR Demo.

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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

Let’s take a closer look at how such an analysis provides more actionable insights that help shippers find and leverage meaningful capacity. True transportation cost analysis goes well beyond benchmarking to analyze, monitor and forecast trends that can be used to the shipper’s advantage. Consider this fact.

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5 Ways Shipping Analytics in SONAR Adds Value For Brokers

FreightWaves SONAR

And disruption continues to evolve and present new challenges, including a misplaced perception that digital technology will threaten such companies’ success. By identifying trends within the market, such as origin-destination pairings, brokers can better prioritize load quoting and execution. Capacity is finite.

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[Infographic] What’s eating your profits and how to use market volatility to stop it

FreightWaves SONAR

Market volatility insight presents value to carriers that learn to recognize how trends lead to challenges and why those challenges represent opportunities for improvement. These trucking costs all present an ongoing concern for carriers, and unless carriers are prepared, they will lose sight of the bigger picture.

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[INFOGRAPHIC] Top causes of enterprise shipper tender rejections

FreightWaves SONAR

In recent months, capacity woes were a stark reality. As 2021 began there was hope for a return to the typical balance of freight capacity. In addition, the national tender rejection indices continue to reveal the same trend. For instance, this might be present on a white-glove shipment. Request a SONAR Demo.