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5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Recognize that not all loads are as lucrative as meets the eye, letting data do the talking Benchmarking may be the first step, but the next focuses on identifying the less-lucrative loads.

Data 88
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Near-real-time data-driven route optimization best practices

FreightWaves SONAR

One of the most significant challenges facing logistics managers is route optimization. Data represents an integral part of daily life for most people, and it is no different within the transportation industry. Data represents an integral part of daily life for most people, and it is no different within the transportation industry.

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5 Analytic Shipping Data Insights for Shippers From SONAR

FreightWaves SONAR

Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Volatility is the one constant in logistics.

Data 105
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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Of course, carriers want their transportation networks to be as profitable as possible. Applied data lowers the risk of over-valuing or under-valuing trucking costs. Think about it.

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Freight and trucking data: how historical and contract load tender data create a trucking rate predictor

FreightWaves SONAR

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. And it’s important to know why tendered, non-paid data can add so much weight.

Data 59
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Navigating logistics routing guide volatility: Using technology to increase compliance

FreightWaves SONAR

A logistics routing guide can mean the difference between success and failure of pickup and delivery in a supply chain network. The logistics routing guide further includes details about the modes and carriers that prove influential. These are just some of the supply chain difficulties that get addressed with logistics routing guides.

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How Freight Management Analytics Simplify Logistics

FreightWaves SONAR

Relying solely on manual shipping data analysis continues to yield poor results. The old ways of recording, processing and responding to analytical data need a streamlined approach. Analytics help companies make data-driven decisions to find the most lucrative loads It’s important to recognize a core problem among logisticians today.