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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. And knowing what’s happening to market volatility and trucking carriers across the country is critical to maximizing carrier revenue and margins. Request a SONAR Demo.

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Understanding spot rate trends is like having a crystal ball

FreightWaves SONAR

The best way for people to gain the level of insight they crave is through high-frequency data, particularly insights into spot rate trends. Logistics industry conditions are inextricably linked to supply and demand trends in the overall economy, and spot rates are typically the first place those impacts become visible.

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

FreightWaves SONAR

Truck fleet management has always been intensely focused on knowledge of the freight market. 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. Effective truck fleet management is vital for successful daily carrier operations.

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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. The issue with recruiting and retaining truckers is that it is difficult to do so without understanding actual market trends and volatility. . The truck driver shortage and its relationship to the capacity crunch.

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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. Without supply chain visibility, a retailer cannot realistically move freight to other markets to take advantage of trucking capacity. And the past data trends are obsolete and rapidly becoming more so. Request a SONAR Demo.

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5 more truckload shipping strategies for enterprise shippers

FreightWaves SONAR

Making meaningful use of truckload shipping platforms helps fleets secure higher capacity trucks and trailers. Cold chain capabilities are now a must-have to stay future-ready With vaccines for COVID at the forefront of transportation news, the focus has swung from fundamental truckload shipping trends to cold chain shipping.

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What shippers need to know about how carriers price freight with historic, peer and market data

FreightWaves SONAR

The fact remains that within freight transportation protocol, trucking capacity is finite. Of course, it all depends on the ability to stay strategic. . This factor plays into net revenue per truck per week as well. Trucking RFP standards have grown to embrace many key analytics points for 2021 contracts.