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Using SONAR to Understand Local Markets and Seasonality

FreightWaves SONAR

National market trends are good for understanding where we are in any given freight cycle, but they say little about specific markets where companies operate daily or need to plan around in the future. It’s a perennial top-three outbound market in the US due to its proximity to the nearby ports of Long Beach and Los Angeles.

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

FreightWaves SONAR

In addition, the pressure to operate efficiently and use capital and manufacturing capacity frugally will remain unrelenting.” And to help carriers achieve that goal, this white paper will explore a few best practices to reduce operating costs, including: The importance of meaningful data capture. Request a SONAR Demo.

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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

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. Both inbound and outbound goods and shipments benefit from the inclusion of data and analytics , real-time tracking, automated processes, and modern technology.

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What data is available to track intermodal freight shipping rates

FreightWaves SONAR

Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Identifying current inbound and outbound rail volume rates in the current market. Predicted inbound and outbound fuel and maintenance budgeting needs. Request a SONAR Demo.