Remove Demo Remove Examples Remove Strategy Remove Trends
article thumbnail

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

FreightWaves SONAR

Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Request a SONAR Demo.

article thumbnail

Freight Costs: 5 tips to get the biggest bang for your buck

FreightWaves SONAR

For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. Without excellent and clear communication, these trends will not be identified and acted upon until it is too late. The costs of logistics as a ratio of total expenses are too significant to ignore.

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

The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

Market activity describes the nationwide and granular trends affecting available capacity, timeliness of transit and on-time, in-full deliveries. Since transportation is literally a fuel-consuming industry, knowing the fuel changes and trends will go a long way to improve trucking profitability. Request a SONAR Demo.

article thumbnail

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

Freightos

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. It converged with a trend of both airlines and ocean liners investing far more heavily in their fleets over the past fewyears.

article thumbnail

Logistics automation and the vitality of data integrity in supply chain advancement

FreightWaves SONAR

Poor tender acceptance strategies. Take this example reported by Richard Davis in Supply & Demand Chain Executive , “It’s 7:00 p.m., While that’s an example of a particular warehouse, it has a natural implication for carriers. Consider the following example. Request a SONAR Demo. Empty miles.

article thumbnail

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

FreightWaves SONAR

And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR SCI Demo.

Data 98
article thumbnail

Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates

FreightWaves SONAR

Consider this example. Yes, AI and machine learning build on algorithms to isolate historical trends and derive a likely transportation rate. And the past data trends are obsolete and rapidly becoming more so. However, AI can provide a pathway toward more proactive, responsive management strategies. Request a SONAR Demo.