Remove Course Remove Demo Remove Freight Remove Transportation
article thumbnail

The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Operating ratio and company margins (OPRAT).

article thumbnail

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. Freight consolidation (commonly referred to as retail consolidation, or simply consolidation) is not a new concept. Data and analytics can provide enlightening insights that can greatly improve transportation management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

FreightWaves SONAR

Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Of course, no disruption comes close to those that have been experienced to date in 2020. Poor supply chain visibility remains a top problem for most supply chains.

article thumbnail

Why asset-based carriers are using freight tech to recruit truck drivers

FreightWaves SONAR

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. It is considerably more important to find talent quickly to fill the ever-growing needs of the freight and shipping industry. In turn, that slows down contract freight and reduces how much contracted truckers earn.

article thumbnail

5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again.

Data 88
article thumbnail

Resources to help deepen your understanding of the freight market

FreightWaves SONAR

In order to make a real difference, however, this motivation to better the industry must be coupled with a deep knowledge of the freight market — including how it works, where it has been and where it is going. High-frequency data It is a widely accepted truth that data plays an important role in revealing the state of the freight market.

article thumbnail

What is a freight calculator and how do carriers, brokers and shippers use calculators

FreightWaves SONAR

Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supply chain. Freight calculators can also help with budgeting to ensure suppliers, drivers, employees, and third-party members are all covered. Why are logistics calculators so popular.