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Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data

FreightWaves SONAR

Data for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences. For instance, take the value added by more accurate data in the health industry.

Data 98
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What is transportation rate forecasting and why do I need real-time data to forecast accurately

FreightWaves SONAR

Nothing in life comes for free, especially in the transportation and shipping industry where predictive freight costs carry so much weight. Ultimately, it comes down to how good logistics managers get at transportation rate forecasting. It cost money to make money and even to try and save money.

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Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement

FreightWaves SONAR

Transportation procurement remains a major problem for enterprises faced with the need for faster and more extensive capacity. Part of acting on them immediately derives from the size of the data collected and how it can be transformed into meaningful insights. Freight market data size consistency matters.

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Retail enterprise suppliers’ best practices to use global trade data

FreightWaves SONAR

Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. It has been and remains a key part of the transportation and logistics puzzle for enterprise shippers today. Streamline data collection and analysis. Download the White Paper.

Data 98
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What data is available to track intermodal freight shipping rates

FreightWaves SONAR

Today’s shipping and transportation industry has changed in several ways, even over just the last few years. This is seen exceptionally well when looking at rail capacity and transportation rates for the modern supply chain. Data access to see savings compared to truckload and other shipping methods.

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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. And that may very well include outsourcing to 3PLs, brokers or other transportation providers as needed, explains the Harvard Business Review. Think about it. And it’s essential to understand why. .

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Transportation cost analysis: Going beyond benchmarking for improved carrier pricing

FreightWaves SONAR

From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.