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2021 Truck industry disruption factors: how to continue with operational excellence and profitability (part 2)

FreightWaves SONAR

Yet, truck industry analyses and insight into existing conditions can help safeguard against uncertainty. Therefore, the pressures placed on last mile delivery may have a compounding effect, forcing truck industry participants to grapple with inefficiencies and grow more strategic. Request a SONAR Demo.

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[WHITE PAPER] Carrier asset utilization and allocation best practices to reduce operating costs

FreightWaves SONAR

The freight transportation industry has always been slow to adopt new advances in tools, software and automation. However, 2020 helped shed light on just how behind the industry is compared to others. In addition, the pressure to operate efficiently and use capital and manufacturing capacity frugally will remain unrelenting.”

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How to Measure Success: KPIs for Inbound Logistics

WorkWave

What are inbound and outbound logistics? Both inbound and outbound logistics involve the transportation of products across various distribution channels, however inbound logistics deals with supply and outbound logistics fulfill demands. This guide outlines the essential KPIs you should be monitoring to ensure efficiency.

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

FreightWaves SONAR

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Operating Ratio. Freight data reduces dwell time and load time.

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The four factors that impact freight trucking revenue and profitability

FreightWaves SONAR

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. Freight market share over the last week, such as SONAR’s Outbound Tender Market Share (OTMS). Operating ratio and company margins (OPRAT).

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Why data is critical to freight routing guide compliance

FreightWaves SONAR

The guides outline the goals and the specific needs of individual carriers, load types, destinations and industry niches. Missing data amounts to inevitable routing guide failures Data is king in today’s ever-changing market, and it is only becoming more vital for supply chain operations and management. Request a SONAR Demo.

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What data is available to track intermodal freight shipping rates

FreightWaves SONAR

Today’s shipping and transportation industry has changed in several ways, even over just the last few years. Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Request a SONAR Demo. Download the White Paper.