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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.

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How LTL shipping rates work and how to track trends developing in long-term pricing agreements

FreightWaves SONAR

Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. How to track trends developing in long-term pricing agreements. Capture pricing data for LTL freight.

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Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency

FreightWaves SONAR

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Recognize market volatility trends and their impact on replenishment lead time Another beneficial action to boost efficiency with freight management comes from the recognition of market volatility trends.

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5 Ways Shipping Analytics in SONAR Adds Value For Brokers

FreightWaves SONAR

And disruption continues to evolve and present new challenges, including a misplaced perception that digital technology will threaten such companies’ success. By identifying trends within the market, such as origin-destination pairings, brokers can better prioritize load quoting and execution. However, that is not all bad.

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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

Some of the most common issues that arise from a lack of accurate transportation cost analysis and data tracking include the following: Inability to track data and respond to it in real-time. . Limited data sharing within the chain. Lack of visibility and insight into common observable costs. . Consider this fact.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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LogiMAT ’24 Has Your Back

Logistics Business Magazine

Exhibitors from nearly every sector of the industry are coming to LogiMAT 2024 to present their latest products and solutions for ergonomically optimized intralogistics processes, healthy workplaces, and injury prevention. The intralogistics industry has not been spared the ravaging effects of demographic change and labor shortages.