FreightWaves SONAR

JANUARY 5, 2021

Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again.

Data 88

Data Price Reduction Freight Resource Reduction 88

FreightWaves SONAR

JANUARY 7, 2021

Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through the good and bad times. And autonomous trucking logistics offers more value via management by exception and making profit-driving decisions for all incoming tenders. Poor tender acceptance strategies.

Supply Chain Software 52

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 52

FreightWaves SONAR

MARCH 22, 2021

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. Download the White Paper.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

MARCH 16, 2021

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

FreightWaves SONAR

FEBRUARY 18, 2021

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. Recruiting truck drivers is not only the top challenge for carriers, but it will always remain one of the highest priorities. The truck driver shortage and its relationship to the capacity crunch.

Waste Reduction 97

Waste Reduction Trucking Freight Optimization Software 97

FreightWaves SONAR

FEBRUARY 25, 2021

But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . This factor plays into net revenue per truck per week as well.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

DECEMBER 22, 2020

With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.

Optimization Software 105

Optimization Software Optimization Tips Price Reduction 105

FreightWaves SONAR

DECEMBER 21, 2020

Transportation analytics is among the most effective tools in trucking contract negotiations. Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. A common problem in the process of annual trucking contracts derives from limited network contracts.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

FreightWaves SONAR

JANUARY 25, 2021

And the overall industry trucking trends imply an absolute need to grow more strategically. It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. Why outdated data hurts carriers in the short- and long-term. Download the White Paper.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

FEBRUARY 1, 2021

This struggle can finally come to an end through the use of modern analytics and data management. One of the significant issues for any truck driver appears in the form of empty miles. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. .

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

FreightWaves SONAR

NOVEMBER 17, 2020

More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.

Data 52

Data Sourcing Strategies Transportation Freight 52

FreightWaves SONAR

JANUARY 12, 2021

As demand for e-commerce accelerated, notes John Koetsier of Forbes , trucking carriers gained extreme favor in pricing power. Unfortunately, that favor, while general, doesn’t always apply to every one of the 135 trucking markets in the U.S. Freight management parties still struggle with limited, outdated data. Think about it.

Price Reduction 52

Price Reduction Data Freight Optimization Software 52

FreightWaves SONAR

MARCH 23, 2021

Companies in the over-the-road trucking industry constantly strive to boost efficiency. Companies that can accurately predict market volatility trends, using indices with reefer data analytics , can ensure that they remain prepared in the event of replenishment issues.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

FreightWaves SONAR

JULY 24, 2023

Measuring performance with transportation KPIs and freight data is getting easier. Keeping costs under control should be a proactive, not reactive strategy, especially during an unprecedented time of transition and reopening ahead of peak season. Transportation management depends on historical and real-time data.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

FreightWaves SONAR

APRIL 20, 2021

And ultimately, eliminating the need for excess trucks on the road helps the carrier costs overall and allows for available resource management. Optimizing the routes for trucks will remove some of those additional and time-consuming stops. Emissions are still released if a truck sits without moving.

Cost Reduction 97

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 97

FreightWaves SONAR

FEBRUARY 8, 2021

Figuring out the best strategy for managing fleet assets can be difficult at best. But again, there are factors that disrupt this otherwise standard trucking RFP process. The data analyzed within today’s freight market goes back to the beginning of digital transformation. trucking market. Consider this.

Price Reduction 94

Price Reduction Resource Reduction Freight White Paper 94

FreightWaves SONAR

MARCH 2, 2021

Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. In fact, logisticians should consider these top five use cases of increased visibility and data within logistics and how they improve throughput. Download the White Paper.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

FreightWaves SONAR

JANUARY 26, 2021

Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricing strategies. Yes, there is the balancing of palletized shipments into full truckload shipments to ensure a truck is loaded properly. For carriers, it’s all about balance. Download the White Paper.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

FreightWaves SONAR

APRIL 1, 2021

Every inch of space available in delivery vans, trucks, semis and cargo crates is valuable. In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Capture pricing data for LTL freight.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

FreightWaves SONAR

FEBRUARY 2, 2021

Trucking carriers and freight managers have much to keep up with in the shipper and trucking industry. Apply big data through advanced analytics to understand current load rates, including predictive modeling of future rates. Big data remains essential now during this recovery phase aimed at improving carrier operations.

Tips 98

Tips Waste Reduction Cost Reduction Operations 98

FreightWaves SONAR

MARCH 4, 2021

That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Thus, modern advances in data collection and analytics have made it significantly easier to automate this process.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

Locus

MAY 4, 2022

Often, you have an extensive network of distribution centers and a large fleet of trucks. The other is when you load your trucks with the products of manufacturers and try to sell these products to various retail outlets: The van or truck spot sales approach, also called direct store delivery (DSD). Try a demo with Locus now!

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Planning Software Trucking Optimization Software 52

Locus

MAY 18, 2023

One way to achieve this optimization is through the use of technology and data analytics, such as Locus DMP (Delivery Management Platform). To streamline the last-mile delivery process, retailers, CEPs and other last mile players can implement technical strategies that optimize delivery routes.

Optimization Software 52

Optimization Software Supply Chain Planning Software Optimization Cost Reduction 52

The Logistics of Logistics

JUNE 23, 2022

Therefore, produce ready for shipping may be stalled due to a limited supply of equipment and trucks (hindering capacity procurement ), fewer drivers, and the pressure everywhere to move things faster, save money, and get it done without impacting the customer experience.

Supply Chain Planning Software 357

Supply Chain Planning Software Scenario Planning Cost Reduction Material Savings 357

FreightWaves SONAR

MARCH 22, 2021

In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. FreightWaves SONAR is the fastest and most comprehensive freight market data and analytics platform in the world.

Capacity 98

Capacity Demo Price Reduction Cost Reduction 98

FreightWaves SONAR

MARCH 5, 2021

When trucking supply and demand swings one way or the other, there are subsequent market responses. . That leads to fewer trucks in the market and an increase in loads being offered, driving up costs in the background (OTRI) which will cause service metrics to decline. . The best-laid plans are just that, thought out and well-laid.

Freight 98

Freight Cost Reduction Price Reduction Outbound 98

FreightWaves SONAR

MARCH 23, 2021

Let’s take a closer look at why it again harkens to the value of real-time data and how it adds value to the supply chain. That is accomplished by truck, so again, it can be complex at best. That includes managing energy consumption costs and environmental impact, both critical components within an ESG-conscious strategy.

Supply Chain Planning Software 59

Supply Chain Planning Software Cost Reduction Purchasing Skills Optimization Software 59

FreightWaves SONAR

MARCH 2, 2021

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. . Poor net revenue per truck ( NETREV ) in the fleet. . Limited data sharing within the chain. Request a SONAR Demo.

Analysis 98

Analysis Price Reduction Cost Reduction Supply Chain Planning Software 98

Locus

JULY 24, 2023

The global trucking industry market size has suppressed $285 billion in 2022 and is said to reach $430 billion by 2032. However, trucking industries have many business models they operate by. Full Truckload (FTL) When we talk about FTL, we’re talking Beyonce headlining her concert – the truck is all yours. No sharing.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Optimization Modeling Resource Reduction 52

FreightWaves SONAR

FEBRUARY 2, 2021

The state of logistics in 2021 continues to undergo transformation and disruption (continued from 2020), and while companies are looking for new logistics strategies to stay proactive, there comes a point at which supply chain leaders need a simple, fast way to view market conditions. Consistent data collection. Near-real-time data.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

FreightWaves SONAR

DECEMBER 3, 2020

Collaboration means parties must share data in real-time. Ocean freight impacts on trucking is another use case. Ocean freight that arrives in a port means opportunities for trucking companies. Higher port activity leads to tighter trucking capacity in portside O/D pairs. Request a SONAR Demo.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 76

FreightWaves SONAR

NOVEMBER 19, 2020

According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.

Supply Chain Software 105

Supply Chain Software Supply Chains Sourcing Strategies Scenario Planning 105

FreightWaves SONAR

APRIL 29, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Using SONAR data in contract negotiations with carriers and 3PLs. . SONAR data can identify tight relationships such as U.S.-bound

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

FreightWaves SONAR

DECEMBER 21, 2022

That’s where point of sale freight data comes in to help supply chain leaders create a superior supply chain strategy. . Supply chain participants rely on FreightWaves SONAR to access tender data and point of sale spot rate data to recognize shifts in the market immediately. Want an easy win?

Negotiating Skills 52

Negotiating Skills Supply Chains Price Reduction Cost Reduction 52

FreightWaves SONAR

FEBRUARY 24, 2021

The Ocean TEU Index measures booking requests for capacity, much like the Outbound Tender Volume Index (OTVI) does for domestic trucking. And it all begins with getting the right data sources and insights at your fingertips to navigate the freight market. Request a FreightWaves SONAR demo by clicking the button below to get started.

Price Reduction 92

Price Reduction Cost Reduction Sourcing Strategies Demo 92

Parade

JANUARY 7, 2022

Out-of-network carriers who have contacted you before or posted available trucks in your lane will be marked with a hollow gray circle. Now, this new feature allows the potential capacity those unused quotes and out-of-network posted trucks represent to come to the forefront. Reach out to our team to set up a demo.

Waste Reduction 78

Waste Reduction Waste Capacity Sourcing Strategies 78

Parade

JANUARY 7, 2022

Out-of-network carriers who have contacted you before or posted available trucks in your lane will be marked with a hollow gray circle. Now, this new feature allows the potential capacity those unused quotes and out-of-network posted trucks represent to come to the forefront. Reach out to our team to set up a demo.

Waste Reduction 78

Waste Reduction Waste Capacity Sourcing Strategies 78