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The 3 top benefits of trucking fleets benchmarking financial and operational performance

FreightWaves SONAR

While valuable for advancement, the rest of the equation rests on ensuring that financial and operational performance continues. The different benchmarks for trucking fleets help ensure that the company operates at an optimal level at all times. The data from benchmarking trucking fleets provides companies with a wealth of information.

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Buy vs. Build: Should You Purchase Software or Create Your Own?

Parade

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. We also handle the updates and new integrations you need to carry out operations at the top of the market.

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Big data and inventory management

EazyStock

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

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Customer Relationship Management for Ecommerce Brands

Ship Monk

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). With most ecommerce businesses, however, the sales pipeline isn’t nearly as long or as hands-on.

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SONAR Indices & Insights: Making a trucking business profitable by monitoring these operational trucking KPIs

FreightWaves SONAR

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several operational-focused indices to aid asset-lite and asset-based carriers build trucking KPIs that will inform decisions that yield higher profit margins for those who run a trucking business. Operating Ratio (OPRAT).

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7 ways freight tech reduces operations costs and improves profits for carriers

FreightWaves SONAR

Operational costs continue to increase for carriers year to year. 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. Freight data reduces dwell time and load time. Operating Ratio.

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SONAR Indices & Insights: Monitor freight carrier operating ratio using SONAR’s Operating Ratio (OPRAT) index

FreightWaves SONAR

This week, learn how freight market participants, especially freight carriers, rely on FreightWaves SONAR’s Operating Ratio (OPRAT) index to monitor and understand carrier operating ratios. What is the Operating Ratio (OPRAT) Index? Background on Truckload Carrier Association and freight carriers operating ratios.