FreightWaves SONAR
APRIL 13, 2021
Moreover, Supply & Demand Chain Executive explains , “Developing a point-of-departure strategy for partial and LTL shipments can give small and medium-size businesses delivery costs comparable to the mega shippers. It’s always beneficial to have a few tips to start contract negotiations.
Parade
JANUARY 27, 2022
One of the biggest benefits freight brokerages see from capacity management solutions is the ability to negotiate with their carriers for better rates on loads. Here’s how it offers more and more lucrative opportunities for negotiation. Reach out to the team at Parade for a demo , here.
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FreightWaves SONAR
DECEMBER 21, 2020
Transportation analytics is among the most effective tools in trucking contract negotiations. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Request a SONAR Demo.
FreightWaves SONAR
JUNE 3, 2021
That’s important information for shippers that are moving goods that terminate in Detroit because it means that they have more negotiating leverage with carriers (since carriers can get re-loaded in Detroit more easily). . Request a SONAR Demo. Request a SONAR SCI Demo.
Locus
JUNE 3, 2022
Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. This can be done by investing in lighting and equipment that reduce energy consumption and maintenance costs without compromising productivity. Schedule Demo.
FreightWaves SONAR
FEBRUARY 25, 2021
However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Freight Market Blog price freight
FreightWaves SONAR
JUNE 22, 2021
Inflation has a larger impact for the CPG industry compared to other industries given the reliance on numerous commodities (like corn and soybeans) that have seen prices increase dramatically over the past year. Request a SONAR Demo. Request a SONAR SCI Demo.
FreightWaves SONAR
DECEMBER 14, 2020
This week, learn how freight market participants are able to measure if freight pricing control lays in the hands of freight shippers or freight carriers. What is the DHL Supply Chain Pricing Power Index? The DHL Supply Chain Power Pricing Index (DHLPPI) measures on a score from 0-100.
FreightWaves SONAR
JUNE 17, 2021
In the short-term, the rise in transportation costs is difficult to hedge compared to the other input costs. Request a SONAR Demo. Request a SONAR SCI Demo. Inflation, inflation, inflation!
FreightWaves SONAR
JULY 28, 2021
In contrast to the softer packaging prices experienced in 2020, companies have experienced significant inflation rates to-date in 2021, which has made packaging an area of greater focus for shippers. Request a SONAR Demo. Request a SONAR SCI Demo.
FreightWaves SONAR
APRIL 7, 2021
Most of the freight moves under a more consistent pricing structure or “ contract ” rates. It should be noted that retail fuel costs also increased last month as well, , which influences the spot rates, but fuel surcharges have been removed from the contract rates. Request a SONAR Demo.
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FreightWaves SONAR
SEPTEMBER 23, 2021
Shippers are at a disadvantage in negotiations with carriers and brokers unless they have adequate data and real-time information surrounding the freight market. Request a SONAR Demo. Request a SONAR SCI Demo.
FreightWaves SONAR
JUNE 15, 2021
Input costs for corn, as well as other agricultural products, that are used in many products from animal feed all the way to consumer goods, have risen by more than 100% over the past year. Request a SONAR Demo. Request a SONAR SCI Demo.
FreightWaves SONAR
MARCH 5, 2021
That’s why the only way to figure out a real commission plan rests with knowledgeable sales. Shippers will not be willing to accept a lack of trucking capacity or last-minute price changes in an industry that is becoming more transparent. Request a SONAR Demo.
Trinity Logistics
AUGUST 31, 2022
A TMS is an excellent investment and according to Logistics Management Magazine, has been shown to reduce transportation costs by up to 30 percent. Get started with a demo of Trinity's TMS. Freight Accruals Cost Allocation Carrier Scorecard Least Cost Carriers Power Lanes.
FreightWaves SONAR
JULY 26, 2021
Packaging inflation is clearly part of a larger inflationary trend that has created headaches for shippers also facing higher costs for raw materials, labor, contract manufacturing and freight. There are no signs of the pressure on costs abating. Request a SONAR Demo.
FreightWaves SONAR
MARCH 15, 2021
When trucks make return trips empty, it often ends up costing more to drive that truck home than it makes with its freight load. Poor capacity acquisition comes down to poor communication and freight contracts negotiation due to outdated methods. Deadhaul miles rack up shipping costs.
FreightWaves SONAR
JUNE 7, 2021
Automotive shippers are facing numerous challenges stemming from a global semiconductor shortage, inflationary pressure on numerous inputs, as well as rising freight costs that seem to be affecting every shipper across all modes. Request a SONAR Demo. Request a SONAR SCI Demo.
FreightWaves SONAR
SEPTEMBER 20, 2021
There is a scene in Curb Your Enthusiasm where Larry David, who had never before purchased illegal drugs, asks a dealer, “Is that a fair price you’re quoting me?” Request a SONAR Demo. Request a SONAR SCI Demo.
FreightWaves SONAR
FEBRUARY 4, 2021
Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. Typically pricing is prioritized, but it should also be complemented with quality and delivery time.
FreightWaves SONAR
JULY 12, 2021
2) Showing the lanes where shippers have the most negotiating leverage. (3) While data that shows shippers where their rates are relative to the market is most obviously useful in negotiations, it is just as important in managing day-to-day operations. Request a SONAR Demo.
FreightWaves SONAR
OCTOBER 1, 2021
The average stock price of SONAR customers over the past five years has appreciated by 114%, while non-SONAR companies’ stock has increased by 96%. Over the past year, the average SONAR customer stock price increased by 56% compared to a 35% increase for non-SONAR companies.
FreightWaves SONAR
APRIL 5, 2021
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads.
FreightWaves SONAR
MARCH 15, 2021
It can also show how a user’s targeted benchmark rate compares to the industry, the overall market, peers and at a pricing level. Paying below-market rates in highly volatile lanes could lead to additional costs. . Intelligence is more than data or knowledge.
Parade
MARCH 4, 2022
Their Loads Can Get Covered Faster For shippers working with some of the top retailers in the country, , late loads can cost big bucks. They’re able to book more loads, , negotiate better rates with their carriers , improve their margins, and earn more money.
FreightWaves SONAR
AUGUST 22, 2022
For freight brokers competition is pivoting to price, rather than finding trucks like the past couple of years. This happened just as shippers negotiated new contracts bringing trucking rates up to par with spot rates to secure capacity. Get a SONAR Demo.
FreightWaves SONAR
MARCH 25, 2021
Even if carriers have proven their merits in the court of public opinion, it is essential to understand what rates to offer and what to push while at the negotiating table. Request a FreightWaves SONAR SCI Lane Acuity demo to get started or by clicking the button below.
FreightWaves SONAR
MARCH 22, 2021
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.
FreightWaves SONAR
FEBRUARY 17, 2021
That’s where FreightWaves SONAR can make a meaningful difference, providing the connection to tendered and invoicing data , empowering teams and leaders with the insights needed to stay strategic and proactive. Get started by requesting a FreightWaves SONAR demo by clicking the button below.
Blue Grace Logistics
JUNE 21, 2018
An effective TMS will provide comprehensive data analysis on the current shipping costs and processes which offers you an opportunity to compare your costs and processes versus what is available in the market. . These analyses can help you optimize your supply chain process and also provide overall cost reduction. A well designed and effective TMS is of paramount importance in: Reducing freight costs. Tracking costs and delivery.
FreightWaves SONAR
JUNE 14, 2021
While most CPG companies are raising prices, it appears that price increases will not fully offset the rising costs in many or most cases. There is elasticity in their prices because consumers typically have lower-priced private label alternatives.
FreightWaves SONAR
DECEMBER 21, 2022
The cost of not having a load is far greater than the penalty for rejecting it. . Because truckload is a commodity, a declining rejection rate suggests that carriers are losing pricing power, while an increasing rate suggests carriers are gaining pricing power.
FreightWaves SONAR
DECEMBER 1, 2020
And leveraging shipping analytics in SONAR to inform those negotiations and conversations is essential. Shippers that view brokerages as price-gouging entities that attempt to generate additional revenue without justification are simply wrong. Request a SONAR Demo.
FreightWaves SONAR
JUNE 1, 2021
Maybe that’s not exactly true – there are also issues related to the semiconductor shortage, such as record used vehicle prices, consumers buying early in order to get their desired vehicles, and vows to ditch just-in-time inventory management. Request a SONAR Demo.
Parade
MARCH 8, 2022
They can’t quite work with the terms listed in the Book Now, so , they reach out to see if there’s room for negotiation. Reach out to our team to set up a demo and learn how much ROI your brokerage could be getting with Parade.
FreightWaves SONAR
APRIL 30, 2021
That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. Request a SONAR Demo. Request a SONAR SCI Demo.
FreightWaves SONAR
DECEMBER 22, 2020
With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. Request a SONAR Demo.
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