FreightWaves SONAR

APRIL 23, 2024

Craig Fuller, CEO and Founder of SONAR, mentioned during the State of Freight webinar on April 18, that there will be no immediate market recovery as things are still rough for transportation providers. If you weren’t able to join our April State of Freight webinar, you can still get the full recording here.

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Freight Webinar Demo Transportation 52

FreightWaves SONAR

DECEMBER 16, 2020

According to a 2016 McKinsey & Company report : “Data and analytics underpin several disruptive models. Introducing new types of data sets (”orthogonal data”) that can disrupt industries, and massive data integration capabilities can break through organizational and technological silos, enabling new insights and models.

White Paper 98

White Paper Data Freight Modeling Software 98

FreightWaves SONAR

SEPTEMBER 23, 2021

Shippers are at a disadvantage in negotiations with carriers and brokers unless they have adequate data and real-time information surrounding the freight market. Shippers’ main focus isn’t moving freight, it’s manufacturing the goods to be moved. Request a SONAR Demo. Request a SONAR SCI Demo.

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Negotiating Skills White Paper Data Demo 97

FreightWaves SONAR

SEPTEMBER 29, 2023

The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.

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Data Inventory Reduction Supply Chain Planning Software Vendor Strategies 52

FreightWaves SONAR

MARCH 11, 2021

According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.

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Optimal Sourcing Data Procurement Freight 98

FreightWaves SONAR

JUNE 7, 2021

Automotive shippers are facing numerous challenges stemming from a global semiconductor shortage, inflationary pressure on numerous inputs, as well as rising freight costs that seem to be affecting every shipper across all modes. Request a SONAR Demo. Request a SONAR SCI Demo.

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White Paper Negotiating Skills Data Freight 52

FreightWaves SONAR

MARCH 10, 2021

In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of data source analytics and how well they stack up to the observed market conditions. Request a SONAR Demo. The post [WHITE PAPER] How to measure freight data analytics value and why backtesting proves it appeared first on SONAR.

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FreightWaves SONAR

JANUARY 5, 2021

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. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again. Download the White Paper.

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Data Price Reduction Freight Resource Reduction 88

FreightWaves SONAR

NOVEMBER 24, 2020

Successful supply chain management depends on the ability to collect data and apply it accordingly. As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. And major companies have taken notice.

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Data Freight Supply Chain Software Inventory Reduction 90

FreightWaves SONAR

JULY 24, 2023

Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Measuring performance with transportation KPIs and freight data is getting easier. Budgeting and managing freight costs are critical to overcoming any disruptions and increasing profitability.

Cost Reduction 106

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 106

FreightWaves SONAR

JUNE 15, 2021

In addition, freight spend is not able to be effectively hedged like commodities that are able to be hedged in the short-term. However, leveraging freight market data can mitigate freight spend and lead to a more efficient supply chain. Request a SONAR Demo. Request a SONAR SCI Demo.

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Negotiating Skills White Paper Data Freight 52

FreightWaves SONAR

MARCH 16, 2021

Mapping the trucking market assists freight market participants with a flurry of benefits. Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data.

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Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

MAY 18, 2021

In general, the companies in the meat industry have among the most to gain from improving their freight efficiency, and we estimate that food companies with average margins and an average relative freight spend could save $300 for every $1 million in revenue by improving freight efficiencies by 1%. Request a SONAR Demo.

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White Paper Data Cost Reduction Price Reduction 90

FreightWaves SONAR

JANUARY 25, 2021

Today, freight load management is a major trouble area for carriers and logistics managers within the shipping industry. 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. 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

JUNE 10, 2021

As the world recovers from the pandemic, now numerous supply chain impacts – including a global semiconductor shortage and inflationary pressure on a number of inputs, including freight costs – are significantly hampering the automotive industry, causing temporary shutdowns at some facilities. Request a SONAR Demo.

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White Paper Data Freight Demo 52

Freightos

MARCH 12, 2024

More Resources Home March 12, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices fell 20% to $3.97/kg

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Negotiating Skills Optimal Sourcing Demo Data 113

FreightWaves SONAR

FEBRUARY 9, 2021

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. And it’s important to know why tendered, non-paid data can add so much weight.

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Data Supply Chain Design Software Trucking Logistics Network Optimization Software 59

FreightWaves SONAR

NOVEMBER 24, 2020

Market dynamics of freight management can turn on a dime. 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.

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Data Supply Chain Planning Software Resource Reduction White Paper 106

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Data-driven insights provide a rubric for guiding RFP processes.

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Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . Frost & Sullivan estimates the digital freight brokerage market will reach $54.2 Use the Ocean Shipments Report to understand freight brokerage drayage planning.

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Data Sourcing Strategies Transportation Freight 52

FreightWaves SONAR

MARCH 25, 2021

Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logistics data and a decent amount of preparation. It is something that needs to be practiced more often when it comes to planning and predicting freight rates. Download the White Paper.

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Scenario Planning Data Logistics Network Optimization Software Demo 98

FreightWaves SONAR

APRIL 8, 2021

Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.

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Optimization Software Optimization Data Supply Chain Planning Software 98

Freightos

JANUARY 30, 2024

More Resources Home January 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 11% to $5.33/kg

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Optimal Sourcing Negotiating Skills Demo Optimization Software 109

FreightWaves SONAR

FEBRUARY 3, 2021

The freight market is always changing; that is why you need the freight forecasting platform with the most current data and insights. FreightWaves SONAR has near-real-time data – the fastest and freshest data available. Using old data in a volatile market can be very costly. Request a SONAR Demo.

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Video Freight Demo Logistics Network Optimization Software 106

FreightWaves SONAR

FEBRUARY 9, 2021

With the need to move freight faster a leading decision in choosing a carrier among shippers today, any delay could be the proverbial nail in the coffin for a struggling carrier. However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks.

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Data Freight Demo Outbound 52

FreightWaves SONAR

FEBRUARY 9, 2021

With the need to move freight faster a leading decision in choosing a carrier among shippers today, any delay could be the proverbial nail in the coffin for a struggling carrier. However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks.

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Data Freight Demo Outbound 52

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . ” This means knowing how a carrier or shipper approaches freight pricing. .”

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Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

FEBRUARY 17, 2021

Mobile data can play a pivotal role in building the supply value chain. Mobile devices have functions that provide valuable data for the supply value chain. Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. Download the White Paper.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Negotiating Skills Negotiate Pricing 98

FreightWaves SONAR

APRIL 9, 2021

Due to the ramifications of the COVID-19 pandemic over the last year, the freight business has experienced marketplace volatility. According to PS Market Research , shippers and freight management parties expect to see a tremendous growth rate of 8.0% Checking incoming freight from the source is vital.

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Refrigeration Freight Optimal Sourcing Negotiating Skills 93

FreightWaves SONAR

JUNE 3, 2021

SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. The volatility in the auto industry has wreaked havoc on the Detroit freight market. .

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Negotiating Skills Data Freight Inbound 52

FreightWaves SONAR

APRIL 30, 2021

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. Evaluating freight flows for private fleet conversion. Deciding on the timing of freight bids. Request a SONAR Demo.

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White Paper Expense Reduction Cost Reduction Negotiating Skills 52

FreightWaves SONAR

FEBRUARY 4, 2021

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Waste matters in the shipping industry because every instance leads to higher freight costs. Most freight managers are not qualified for this kind of operation, so forming partnerships with 3PLs is vital.

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Waste Reduction Data Expense Reduction Cost Reduction 98

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 22, 2020

Relying solely on manual shipping data analysis continues to yield poor results. And even the freight management analytics of five years ago do not necessarily respond well to today’s shifting and changing market. The old ways of recording, processing and responding to analytical data need a streamlined approach.

Logistics Network Optimization Software 105

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 105

FreightWaves SONAR

FEBRUARY 10, 2021

Many of the most beneficial tools come from the utilization of data and analytics. Data and analytics provide carriers with an incredible wealth of information that has proven to bolster revenue and profits. How carriers create data-driven pricing strategies. Request a SONAR Demo.

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White Paper Optimization Software Data Price Reduction 98

FreightWaves SONAR

MARCH 9, 2021

These short-haul trucks deliver FTL or LTL freight loads between one form of transport and another.” H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Download the White Paper. Back-ups do occur, especially during peak shipping seasons.

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Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

FreightWaves SONAR

MARCH 23, 2021

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Avoid destinations with a lower likelihood of an empty backhaul One significant aspect of freight management to consider is the risk of empty backhauls.

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Resource Reduction Efficiency Cost Reduction Freight 98