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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. Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR.

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

FreightWaves SONAR

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. But this is 2020.

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

FreightWaves SONAR

Lane Signal considers the following indices: Outbound Tender Volume Index Outbound Tender Rejection Index Headhaul Index for both origin and destination Inbound Tender Volume Index Inbound Tender Rejection Index. Send them a screenshot, like the one below, to let them know the current rate trends. Request a SONAR Demo.

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Which is better for fleet assets? Contract or spot freight?

FreightWaves SONAR

Figuring out the best strategy for managing fleet assets can be difficult at best. And a failure to ensure trucking capacity availability within one market will have a resounding effect on allocation strategies of a trucking fleet’s assets. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.

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5 Transportation Data and Insight Reports to Guide Freight Brokers

FreightWaves SONAR

Part of that strategy lies in using the right transportation data, analysis and insightful reports, such as those provided within FreightWaves SONAR, to guide day-to-day operations. Outbound/Inbound Tender Rejection Indices to understand market trends and rates. Request a SONAR demo online to learn more.

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

FreightWaves SONAR

In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions. Knowing the trends of the lanes can help widen their margins. . Request a SONAR Demo.

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Do I Need Descriptive Analytics in Freight? YES!

FreightWaves SONAR

Freight management teams spend many resources responding to delays, issues, customer needs, data and marketing trends and shifting conditions with supply and demand. According to Inbound Logistics , “obtaining a lot of data does not guarantee the ability to understand better what is happening in the supply chain. Request a SONAR Demo.