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5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Recognize that not all loads are as lucrative as meets the eye, letting data do the talking Benchmarking may be the first step, but the next focuses on identifying the less-lucrative loads.

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7 Ways to increase truckload carrier revenue using data and analytics

FreightWaves SONAR

This struggle can finally come to an end through the use of modern analytics and data management. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. . Carrier revenue benchmarking metrics make for a great reference tool for any carrier.

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

FreightWaves SONAR

And freight KPIs can serve as a valuable tool for freight market intelligence. 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. Supply chains exist as data-driven entities.

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How asset-based carriers are using predictive freight rates

FreightWaves SONAR

The ability to accurately predict both trucking and load execution costs or rates is a wonderful tool for all carriers. For that reason, freight carriers need to know how predictive rating capabilities amount to more proactive, data-driven and efficient freight management. It’s time to face facts; disruptions are inevitable.

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Unlocking Shipping Potential: The Importance of Effective Fleet Management

Locus

Shippers tasked with overseeing their fleets, be they captive or outsourced, to ensure the successful completion of deliveries. Importantly, all data on the transporter’s dashboard is visible to the client via their dispatch management platform. Schedule a demo today and let us show you the future of efficient fleet management.

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Do I Need Descriptive Analytics in Freight? YES!

FreightWaves SONAR

Freight management teams spend many resources responding to delays, issues, customer needs, data and marketing trends and shifting conditions with supply and demand. Using historical data, freight managers can identify when more inventory, human resources, trucks and revenue may be needed. That’s what happens. Imagine this scenario.

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Lessons Learned from Black Friday/Cyber Monday

Ship Monk

We also hope you’re paying close attention to the data coming in because this will become your baseline for many BFCM seasons to come. Mature ecommerce businesses use every source of data they can get their hands on, from shopping platform analytics to inventory and fulfillment platforms. Did you run out of inventory?