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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. Now, the industry is changing yet again. Initial demand on the industry will likely generate a stronger ROI for trucking carriers through higher trucking spot rates.

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Truck fleet management: How are my trucks performing in the market?

FreightWaves SONAR

A clear vision for how the market and the fleet can work in unison is at the heart of fleet management within the trucking industry. Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Request a SONAR Demo. appeared first on SONAR.

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

FreightWaves SONAR

And there remain significant problems within the industry. One of the biggest challenges facing the industry right now is deadheading. Waste matters in the shipping industry because every instance leads to higher freight costs. Of course, carriers want their transportation networks to be as profitable as possible.

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What is a Logistics Service Provider?

Ship Monk

A logistics service provider takes over all those processes (an action otherwise known as “outsourcing”) to hopefully make your life a whole lot easier. You can technically go all the way up to a 5PL —it’s all a matter of what services you’re looking for and how comprehensive you want your outsourcing solution to be. .

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Shipping demand management: why enterprise shippers need in-depth insights

FreightWaves SONAR

Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. Request a SONAR Demo.

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What Does a 3PL Do?

Ship Monk

A third-party logistics (3PL) provider is a company that manages fulfillment, shipping, inventory, and other supply chain operations for businesses that choose to outsource these tasks. You do have other options, of course. At ShipMonk, we’re always happy to answer questions, give you a tour, a software demo, or shoot you a quote.

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What Are Reorder Points and How to Calculate Them

Ship Monk

Average lead time is 30 days, including manufacturing and shipping, and over the course of a year you sell an average of 29 units per day. Of course, not all systems are created equal. But at some point in your growth, it makes sense to outsource these tasks to an ecommerce fulfillment center or 3PL. daily units x 30 avg.

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