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Why data source matters to accurately and objectively assess the over the road trucking market

FreightWaves SONAR

COVID-19 has also accelerated technological adoption by an order of magnitude. The abundant data sources can make the process of assessing the market more difficult than necessary. Shippers and carriers should make more definitive decisions in selecting their data sources. The challenge with lagging data in logistics.

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Freight Market Data To Assist in Negotiations With Carriers

FreightWaves SONAR

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. There is typically more demand for inbound truckloads into Detroit than outbound truckloads.

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How to Measure Success: KPIs for Inbound Logistics

WorkWave

What are inbound and outbound logistics? Both inbound and outbound logistics involve the transportation of products across various distribution channels, however inbound logistics deals with supply and outbound logistics fulfill demands. This guide outlines the essential KPIs you should be monitoring to ensure efficiency.

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Apparel companies shifting to air freight to offset congestion at ports

FreightWaves SONAR

Numerous apparel companies, including Lululemon, Adidas and Crocs have all announced plans to increase their reliance on air freight in order to have inventory onshore during the holiday season. The Outbound Ocean TEU Index (OOTI) from Vietnam to the U.S. Request a SONAR Demo. Request a SONAR SCI Demo.

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10 Warehouse KPIs that impact freight management

FreightWaves SONAR

The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. Since on-time delivery accounts for both inbound and outbound freight , it has a natural effect on the full supply chain. It’s only challenging to get a handle on the volume.

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Carrier freight pricing guidance: the value of peer, market, & and historical freight invoice data

FreightWaves SONAR

According to TruckingInfo , “As stay-at-home orders in response to the COVID-19 pandemic took hold across much of the country in the latter part of March, the level of freight available – and the rates to haul it – plummeted. However, peer, market and historical freight invoice data can help, and it’s essential to know why.

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How freight markets react amid weather-related chaos

FreightWaves SONAR

For example, the Outbound Tender Volume Index (OTVI) is a 7-day moving average of shippers’ requests for capacity. This meant FEMA had to pay higher rates for carriers to forego high-paying long-haul opportunities in order to position themselves in areas affected by the storm. Request a SONAR Demo. Request a SONAR SCI Demo.

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