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

FreightWaves SONAR

Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.

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Freight Market Data To Assist in Negotiations With Carriers

FreightWaves SONAR

SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. There is typically more demand for inbound truckloads into Detroit than outbound truckloads.

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Bringing in freight lane-specific data best practices to allocate assets

FreightWaves SONAR

However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Headhaul indices provide insight into the balance of inbound and outbound freight Asset allocation remains a top-of-mind subject for carriers and asset-based freight brokers alike.

Data 52
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Bringing in freight lane-specific data best practices to allocate assets

FreightWaves SONAR

However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Headhaul indices provide insight into the balance of inbound and outbound freight Asset allocation remains a top-of-mind subject for carriers and asset-based freight brokers alike.

Data 52
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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.

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The American trade imbalance and port congestion

Shipping and Freight Resource

The data indicates that export volumes are going down month on month and import volumes are increasing, making it detrimental to the US economy and concerns have been raised by several quarters in the media. As per data from Shifl.com, the import rates did come down slightly at the end of October but seems to be rising slightly again. “

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Manhattan Associates Momentum 2023 Conference

Logistics Viewpoints

Of course, moving forward also sets the tone for discussions about how Manhattan Associates customers are moving their businesses forward and how Manhattan is moving forward with its product roadmap. Additionally, users can pull trailers from the yard just-in-time to utilize the trailer inventory for outbound shipments.