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The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR.

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

FreightWaves SONAR

Of course, no disruption comes close to those that have been experienced to date in 2020. However, AI can provide a pathway toward more proactive, responsive management strategies. Of course, even those capabilities hinge on AI to digest, interpret and act upon data. . Request a SONAR Demo. Learn about SONAR SCI.

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Retail disruption and K-shaped recovery highlight importance of freight data

FreightWaves SONAR

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Of course, during that same period, many retailers performed extremely well. Request a SONAR Demo. Request a SONAR SCI Demo.

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6 Best Practices for Third-Party Logistics Companies to Differentiate From Competitors

Turvo

So it comes as no surprise that the biggest challenges for shippers, according to a 2019 survey, published by Inbound Logistics , revolve around lowering freight spend and e-commerce: “Nearly two-thirds of them—63%—cite cutting transportation costs as an important focus of their logistics efforts. Unfortunately, it’s never quite that simple.

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The 411 on Floor-Loaded Shipping vs. Palletized Shipping

Ship Monk

And as you grow, it’s likely that your strategy will evolve to keep up with changes in your customer base and product offerings, so it’s best to always stay flexible. But of course, because of the added materials, palletized shipping tends to be pricier than floor-loaded shipping.

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Distributed Inventory: Is Splitting Ecommerce Inventory Right for You?

Ship Monk

Now, thanks to 3PLs like ShipMonk, smaller ecommerce merchants can take advantage of this inventory distribution strategy to decrease order shipping times and reduce shipping costs. Of course, you can manage your own warehouses and fulfillment, but the upfront costs make it a steep climb. How Do Orders Get Processed?