Remove Data Remove Demo Remove Security Remove Transportation
article thumbnail

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. A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Truckload rates: Using data predict and prepare spot vs. contract bids and RFPs

FreightWaves SONAR

Tracking market trends within truckload rates relies heavily on data and analysis. Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Data-driven insights provide a rubric for guiding RFP processes.

article thumbnail

BCOs and drayage planning: How global retailers apply data

FreightWaves SONAR

This service joins different methods of long-haul shipping to help smooth overall transportation hand-offs. It can also refer to the transportation of shipping goods over short distances. Global supply chains rely on multimodal transport to ship goods from manufacturers that are far from their end customers.

article thumbnail

10 shipper of choice tips to aid in securing capacity and carrier relationships

FreightWaves SONAR

With competition and the demand for fast and reliable transportation management options also increasing at rates never seen before, shippers need to focus on providing quality services to thrive. Improving dock efficiency times ensures drivers can get in and out quickly, which reduces delays in order fulfillment and transportation.

Tips 111
article thumbnail

Why accurate predictive freight rates are only possible with holistic and real-time data

FreightWaves SONAR

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages.

Data 98
article thumbnail

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.