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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. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.

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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. Of course, there’s another advantage.

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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.

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Key Takeaways from Oracle CloudWorld 2023

Logistics Viewpoints

And of course, Oracle with their investments in Cloud computing, Internet of Things technology, and artificial intelligence can be used to minimize inputs while increasing productivity. Nevertheless, Mr. Ellison presented a fascinating vision centered on how technology can be used to digitally disrupt a 10,000-year-old industry.

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SONAR expands its reefer data

FreightWaves SONAR

Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.

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Flexibility in the Face of Uncertainty

Freightos

Of course, the economic viability of these types of shipments is limited to specific commodities. With more easily accessible data and bookings, alternatives to, yes, historically alternative routes suddenly become far more viable. Here’s how the data stacks up, relying on data points from Freightos’ air and ocean data.,

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Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates

FreightWaves SONAR

According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.