FreightWaves SONAR

JANUARY 5, 2021

Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Let’s look at seven ways that freight technology and data achieves that goal. Freight data reduces dwell time and load time.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

Trinity Logistics

AUGUST 31, 2022

A TMS is an excellent investment and according to Logistics Management Magazine, has been shown to reduce transportation costs by up to 30 percent. All the data a TMS provides can be overwhelming and the possibilities of what you could analyze are endless. Ultimately, sifting through that data can be complex and time-consuming.

Cost Reduction 114

Cost Reduction Negotiating Skills Expense Reduction Logistics Network Optimization Software 114

FreightWaves SONAR

FEBRUARY 4, 2021

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Finding quality loads for moves on trips that would have otherwise remained empty is the best way to reduce deadheading. This will help in reducing rampant deadheading. Think about it.

Waste Reduction 98

Waste Reduction Data Expense Reduction Cost Reduction 98

Log-hub

FEBRUARY 5, 2025

3 min read Log-hub announces a major update to its Supply Chain Apps, delivering powerful enhancements that streamline cost management, route optimization, and data-driven decision-making. To see our Matrix Creator App in action, click on the image and explore the interactive demo.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Optimization Software Cost Reduction 40

FreightWaves SONAR

MARCH 18, 2021

A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way. Understanding why rate forecasting is so vital and how accurate data and analysis can help improve predictions are essential.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Data 98

FreightWaves SONAR

NOVEMBER 24, 2020

Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Email and fax don’t cut it.

Data 105

Data Supply Chain Planning Software Resource Reduction White Paper 105

Logistics Viewpoints

MARCH 3, 2025

Their plants are very expensive. For example, if an asset issue was detected, solving that issue could involve multiple applications used by multiple people, seeing different information, entering different data, bouncing emails and texts back and forth, and moving information from one place to another. Data does not move.

Packing 73

Packing Supply Chain Design Software Negotiating Skills Supply Chain Planning Software 73

FreightWaves SONAR

MARCH 11, 2021

Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network. Streamline data collection and analysis.

Data 98

Data Supply Chain Planning Software Supply Chain Software Expense Reduction 98

FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

JANUARY 7, 2021

Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through good and bad times. Achieving that goal hangs on a carrier’s ability to capture meaningful data. Autonomous processes are only as valuable as the data that powers algorithms and decision-making.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Shippers may not track this data independently.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

Locus

JUNE 16, 2023

Just one hour of idling per day over a year equals 64,000 miles of engine wear , resulting in additional annual maintenance expenses of up to $9,472 per truck. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles?

Cost Reduction 98

Cost Reduction Expense Reduction Inventory Reduction Price Reduction 98

FreightWaves SONAR

MARCH 16, 2021

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

FreightWaves SONAR

NOVEMBER 16, 2020

“What’s the best way to use data to beat your competition as a freight brokerage business?” Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception.

Modeling Software 106

Modeling Software Logistics Network Optimization Software Supply Chain Software Data 106

FreightWaves SONAR

MARCH 4, 2021

With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

FreightWaves SONAR

JULY 24, 2023

The costs of logistics as a ratio of total expenses are too significant to ignore. Measuring performance with transportation KPIs and freight data is getting easier. Keeping costs under control should be a proactive, not reactive strategy, especially during an unprecedented time of transition and reopening ahead of peak season.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

FreightWaves SONAR

FEBRUARY 5, 2021

As reported by Supply Chain Game Changer , “certainly there are many factors that can cause a company to apply intense pressure on the supply chain and other functions, to reduce their costs. Financial losses or declining profitability certainly make cost-cutting a priority.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

Locus

JANUARY 10, 2024

We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns.

Inventory Reduction 52

Inventory Reduction Cost Reduction Resource Reduction Waste Reduction 52

Trinity Logistics

FEBRUARY 5, 2025

Without precise data, it’s almost futile to identify the areas you can improve upon. Others can be too expensive to justify investing in or dont offer just what you need. Business Intelligence Make smarter decisions with detailed reporting and data analysis. This makes measuring the success of your logistics difficult!

Supply Chain Planning Software 71

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Supply Chain Software 71

FreightWaves SONAR

JANUARY 8, 2021

Carrier or trucking company performance management depends on the ability to collect and apply data to understand the real health of the business. Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. That should sound extremely familiar.

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

EazyStock

MARCH 14, 2023

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Waste Reduction 52

FreightWaves SONAR

JANUARY 25, 2021

It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

FEBRUARY 1, 2021

This struggle can finally come to an end through the use of modern analytics and data management. Such applications of freight technology allow carriers to improve their systems across the board, improving profit margins, reducing load times, streamline shipping, and many more benefits. Request a SONAR Demo.

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

WorkWave

DECEMBER 17, 2024

This innovative approach leverages cutting-edge technology and transport optimization to cater to the evolving expectations of modern customers, emphasizing delivery speed and affordability in the delivery process. RouteManagers last-mile delivery software helps you cut fuel costs, increase revenue, and improve operations.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Modeling Software 52

FreightWaves SONAR

MARCH 1, 2021

These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Asset-based carriers should ensure proper pricing alignment, which eliminates unnecessary expenditures and costs. . Additionally, real-time visibility eliminates unnecessary costs.

Expense Reduction 98

Expense Reduction Price Reduction Trucking Cost Reduction 98

GlobalTranz

FEBRUARY 17, 2015

Until recently, the main aim of TMS was to help shippers increase efficiency and cut transportation costs by allowing them to choose modes and manage transportation orders. With cloud-based TMS, shipping companies no longer need to have expensive servers and a team of dedicated staff.

Optimization Software 129

Optimization Software Cost Reduction Expense Reduction Inventory Reduction 129

The Logistics of Logistics

JUNE 23, 2022

The need for practical and applicable last-mile delivery in retail involves saving money and reducing the expenses associated with this vital yet often overlooked leg of the shipping journey. Another reason for a renewed focus on the final leg of the shipping journey is that the last-mile is the most expensive transportation mode.

Supply Chain Planning Software 150

Supply Chain Planning Software Optimal Sourcing Logistics Network Optimization Software Supply Chain Software 150

FreightWaves SONAR

MARCH 2, 2021

The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

Locus

MARCH 27, 2024

Geocoding drastically cuts down on the headache of reattempted deliveries on these unclear by accurately locating unclear addresses, thereby saving costs and boosting customer satisfaction. This proximity reduces the need for long-haul deliveries, further cutting down transportation costs.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

FreightWaves SONAR

FEBRUARY 16, 2021

Streamline data capture and analysis. Failure to use data and apply it accordingly within the fleet will lead to problems securing loads, offering competitive freight rates , and keeping drivers in trucks. Freight intelligence tools help management develop a more unified freight strategy. Know your operating ratio .

Supply Chain Software 98

Supply Chain Software Trucking Expense Reduction Resource Reduction 98

FreightWaves SONAR

MARCH 25, 2021

However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels. Alignment of rates with market stability grades reduces the risk of rejection and delays.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

Turvo

MAY 11, 2020

According to TruckingInfo , “gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions allowed brokers to stay profitable.” The need for more data and functionality also resulted in the use of multiple systems for each carrier, shipper, 3PL, or other involved parties.

Cost Reduction 82

Cost Reduction Expense Reduction Inventory Reduction Resource Reduction 82

FreightWaves SONAR

MARCH 4, 2021

Every shipping mode and method can benefit from access to accurate, real-time freight data. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Promote collaboration within the network.

Supply Chain Planning Software 130

Supply Chain Planning Software Freight Optimization Software Resource Reduction 130

FreightWaves SONAR

FEBRUARY 15, 2021

This week, learn how executives who manage a trucking business are monitoring carrier operations-based indices to improve profit margins and reduce operational trucking costs. Expenses include items such as driver wages, truck lease, insurance, maintenance, etc. Gross Fuel Expense Per Mile (GFEMIL).

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

FreightWaves SONAR

JANUARY 25, 2021

Maintenance Expense per Mile (MAINT). Let’s teach you what each index is and what trucking KPIs are built using the data within the freight indices. . Maintenance Expense per Mile (MAINT). The expense reported is specific to the maintenance of company-owned trucks, and company fleet-allocated trailers.

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

JANUARY 11, 2021

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.

Data 59

Data Capacity Optimal Sourcing Trucking 59

WorkWave

JUNE 17, 2024

Generating more leads is a key strategy for increasing revenue, expanding market reach, and establishing a strong reputation in the industry. Digital marketing has emerged as an essential strategy to effectively promote products and services online. Email marketing is an effective pest control lead generation strategy.

Optimal Sourcing 96

Optimal Sourcing Sourcing Strategies Resource Reduction Optimization Software 96