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Resources to help deepen your understanding of the freight market

FreightWaves SONAR

In order to make a real difference, however, this motivation to better the industry must be coupled with a deep knowledge of the freight market — including how it works, where it has been and where it is going. High-frequency data It is a widely accepted truth that data plays an important role in revealing the state of the freight market.

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Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency

FreightWaves SONAR

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Avoid destinations with a lower likelihood of an empty backhaul One significant aspect of freight management to consider is the risk of empty backhauls.

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

FreightWaves SONAR

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Collaborative analytics resources to inform conversations. That extends to guiding freight bids too.

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The Best Freight Brokers Use these 5 Questions when Prospecting

FreightWaves SONAR

The best freight brokers ask the right questions in freight broker sales when prospecting for new business. The 5 Questions the Best Freight Brokers Ask when Prospecting. This is one of the most important qualifiers for the best freight brokers when prospecting shippers. Sample questions the best freight brokers ask: .

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What Is a Freight Rate Index?

FreightWaves SONAR

The freight market continues to swing upward. It would seem to come down to tracking these truckload freight rate index values. . It would seem to come down to tracking these truckload freight rate index values. . Many enterprises have built unique real-time freight data indices. Defining the freight rate index.

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5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again.

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What is a routing guide and what are best practices to create one

FreightWaves SONAR

To answer those questions, it is essential to realize that a routing guide is not a singular sheet of paper or limited resource. What is a routing guide : a list of preferred carriers for tendering freight. A routing guide is a clear list of preferred carriers for freight tendering.