article thumbnail

5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

Of course, it is also critical to apply data across all activities to identify which loads are ripe for the taking. And there will be times when capacity constraints require increased rates and even outsourcing of some loads. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.

Data 88
article thumbnail

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

FreightWaves SONAR

This is incredibly challenging, considering today’s global supply chains are built on a foundation of increased complexity, globalization, outsourcing, trading partners, geopolitical tensions, trade wars, and risk. Of course, no disruption comes close to those that have been experienced to date in 2020. Request a SONAR Demo.

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

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

FreightWaves SONAR

Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Of course, there are many other trucking KPIs that frequently are utilized by managers to monitor fleet operations. Request a FreightWaves SONAR demo by clicking the button below. .

article thumbnail

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

FreightWaves SONAR

And that may very well include outsourcing to 3PLs, brokers or other transportation providers as needed, explains the Harvard Business Review. Of course, carriers want their transportation networks to be as profitable as possible. So, request a FreightWaves SONAR demo or simply click the button below to get started.

article thumbnail

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. .

article thumbnail

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

FreightWaves SONAR

There are also recent economic impacts such as rising fuel costs, the global recession, supplier bases that have shrunk or moved off-shore, as well as increased competition from low-cost outsourcers. And of course, customer satisfaction remains an absolute must, so speed, accuracy and cost remain critical aspects. Request a SONAR Demo.

article thumbnail

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.

3PL 83