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LTL Freight Rates: Using data to improve annual contract negotiations

FreightWaves SONAR

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. However, before reaching the negotiating table, someone needs to have bargaining power.

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10 Challenges for Shippers in Negotiating Trucking Contracts

FreightWaves SONAR

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. Limited network contacts result in higher costs. Download the White Paper.

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[WHITE PAPER] Retail disruption and K-shaped recovery highlight importance of freight data

FreightWaves SONAR

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. FILL OUT THE FORM BELOW TO ACCESS A COPY OF THE WHITE PAPER. Request a SONAR Demo. Request a SONAR SCI Demo.

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

FreightWaves SONAR

LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Density plays a role in the form of dimensional pricing.

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What shippers need to know about how carriers price freight with historic, peer and market data

FreightWaves SONAR

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. ” This means knowing how a carrier or shipper approaches freight pricing.

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6 Truckload freight spend optimization best practices

FreightWaves SONAR

Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. More importantly, the type of carrier, whether asset-based or a lite carrier, may impact the risk of accessorials and overall pricing as well.

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

FreightWaves SONAR

That’s why the only way to figure out a real commission plan rests with knowledgeable sales. In our recent white paper , we discussed the growing importance of carrier utilization. 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.