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

FreightWaves SONAR

LTL shipping rates would historically depend on freight class and the cost per hundredweight . 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). Density plays a role in the form of dimensional pricing.

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November 7, 2023 Update

Freightos

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU. Europe – N.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began.

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Making your carrier sales team as powerful as your customer sales team

FreightWaves SONAR

That’s why the only way to figure out a real commission plan rests with knowledgeable sales. Managers will need to train carrier sales teams to understand the importance of using the correct carrier at the right time, and they must be able to negotiate effectively in order to maintain recurring revenue.

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Logistics Analytics: Top Reports You Need To Reduce Costs

Trinity Logistics

A TMS is an excellent investment and according to Logistics Management Magazine, has been shown to reduce transportation costs by up to 30 percent. Get started with a demo of Trinity's TMS. Freight Accruals Cost Allocation Carrier Scorecard Least Cost Carriers Power Lanes. COST ALLOCATION. FREIGHT ACCRUALS.

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[WHITE PAPER] Data in the fast lane – managing automotive logistics amid component shortages

FreightWaves SONAR

Maybe that’s not exactly true – there are also issues related to the semiconductor shortage, such as record used vehicle prices, consumers buying early in order to get their desired vehicles, and vows to ditch just-in-time inventory management. Request a SONAR Demo. Request a SONAR SCI Demo.

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The role of mobile data in building the supply value chain

FreightWaves SONAR

That’s where FreightWaves SONAR can make a meaningful difference, providing the connection to tendered and invoicing data , empowering teams and leaders with the insights needed to stay strategic and proactive. For example, any redundant process needs current data, which provides shippers with several benefits. Request a SONAR Demo.