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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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10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

GlobalTranz

We've negotiated rates with all the major carriers and maintained them. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper. 10 LTL Procurement Cost Cutting Tips.

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6 Truckload freight spend optimization best practices

FreightWaves SONAR

As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Download the White Paper. Review transportation pricing and contracts regularly.

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Conducting a Trucking RFP: Tips for Shippers to Optimize Contract Freight

FreightWaves SONAR

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.

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How transportation brokers should start each morning with FreightWaves SONAR-fueled data

FreightWaves SONAR

However, the application of such data does not necessarily translate into meaningful improvements within day-to-day operations. Yes, analytics add value, but that value often gets overshadowed by the sheer volume of freight data insights available. Talent and skills relevant to supply chain analytics are limited.

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Truckload freight broker tips: Identifying bad customers

FreightWaves SONAR

One of the main themes to identify, however, is if a new shipper is framing its negotiations in terms of “heads I win, tails you lose.” . 3 truckload freight broker tips to identify bad customers. It’s the cost of doing business with us. . Download the White Paper. Slow pay or no pay . Adding you to my load list.

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Increasing Freight Broker Profit: 3 Best Practices

FreightWaves SONAR

Here are three tips that will help all freight brokerages expand gross margin dollars and drive value to the bottom line on their P&L sheet by increasing freight broker profit. . Data platforms like FreightWaves SONAR provide the freight market data needed to win more business at higher gross margin. Automation.

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