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What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?

FreightWaves SONAR

Shippers also need a way to look beyond the enterprise’s four walls to understand waste. Wasted warehouse space leads to higher overhead. For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. For example, market conditions show shippers’ rate trajectories.

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

FreightWaves SONAR

However, they have taken a backseat in modernity as carriers realized shippers were wasting space in packaging. Generally, it follows the same basic process: Take the dimensional weight, for example, with a package that’s estimated to be eight pounds after calculating its dimensional volume and dividing that value by the DIM factor.

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

FreightWaves SONAR

Failures to understand the severity of the problem can quickly amount to massive waste across different sectors, particularly in transportation procurement and execution. . To further drill into this example, consider an individual lane with high market volatility. Request a SONAR Demo. Request a SONAR SCI Demo.

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Top 5 Practical Freight & Logistics Applications of Blockchain-Based Systems

Shipchain

For example, initiating a recall is streamlined through blockchain by showing all movements of affected shipments. For example, an e-commerce warehouse using a blockchain-based system like a smart contract could automate payments processing. Payment Management Forms Another Key Freight-Use for Blockchain-Based Systems.

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

FreightWaves SONAR

Freight technology advancements, such as carrier-managed scheduling and seeing total market activity for a given area, will reduce waste by ensuring truckers spend less time loading and unloading trucks. Decreasing time wasted while idling and waiting will significantly boost productivity and profits; it amounts to more paid drive time.

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10 shipper of choice tips to aid in securing capacity and carrier relationships

FreightWaves SONAR

The best examples of shippers of choice provide services along several trucking routes. Stop wasting time trying to hope for the best rates. Get started by clicking the button below to request a FreightWaves SONAR demo today. Request a SONAR Demo. Provide driver shipping route choices.

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What Are the RPA Logistics Use Cases?

RPA Labs

Monitoring throughput with automation continues as a prime example of a good RPA logistics use case that directly impacts and improves network productivity. ?Managing A surprising amount of time and resources get wasted by supply chain managers chasing down payments and dealing with invoicing issues. Managing Shipment Status Inquiries.