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SONAR Indices & Insights: Monitor these SONAR indices to improve trucking revenue and profits

FreightWaves SONAR

These indices are in SONAR, the freight forecasting platform from FreightWaves. . There are three indices that provide trucking leaders the freight and trucking data they need to build freight KPIs that keep abreast of revenue in specific granularities. Let’s teach you what each index measures. .

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SONAR Indices & Insights: Making a trucking business profitable by monitoring these operational trucking KPIs

FreightWaves SONAR

These indices are in SONAR, the freight forecasting platform from FreightWaves. . What are the SONAR indices that aid in protecting trucking business profits? OPRAT is a measure of how much of every dollar received from customers is spent on moving the freight. Operating Ratio (OPRAT). Reefer company fleet – RCF.

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

FreightWaves SONAR

Less-than-truckload shipping, also known as LTL shipping, is nothing new within the transportation and shipping industry, but it has become more of a game-changer in recent years with freight rate prediction. LTL shipping rates would historically depend on freight class and the cost per hundredweight .

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SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity Plus

FreightWaves SONAR

The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions of dollars on freight shipping. WHAT IS LANE ACUITY PLUS? Watch “This Week in SONAR” to hear from Craig Fuller and Zach Strickland. These lower scores show that the lane is more volatile than stable (i.e.

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7 ways freight tech reduces operations costs and improves profits for carriers

FreightWaves SONAR

Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. While descriptive analytics can help carriers understand what happened, knowing when to refuse loads or charge a higher cost can be difficult.

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With LTL Fuel Surcharges on the Rise, What Are the Expectations and Projections of Higher Fuel Costs on LTL Shipping?

GlobalTranz

For shippers, the pattern will emerge to drive higher LTL fuel surcharges, as well as a host of other accessorial charges that relate to the impact of added fuel costs. How To Determine Freight Class: Density Calculator & Printable Resource. With 2018 being a midterm election year, uncertainty in the market is nothing new.

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How Much Does It Cost To Ship Furniture?

GoShip Blog

What are the options for furniture shipping? These companies specialize in parcel delivery, and your furniture items may be considered as freight. Services like GoShip.com ship through less-than-truckload freight transportation , which lets you pay only for the truck space you actually use. Honestly, it’s not a good idea.

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