article thumbnail

7 Ways to increase truckload carrier revenue using data and analytics

FreightWaves SONAR

Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. . Such a tool provides much-needed assistance with route planning to significantly improve carrier revenue and efficiency. . KNOW WHEN TO OUTSOURCE LOADS TO REGIONAL AND LOCAL CARRIER NETWORKS.

Data 76
article thumbnail

5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

And there will be times when capacity constraints require increased rates and even outsourcing of some loads. Of course, outsourcing does eat away at profit margins, so trucking carriers need to apply data to support all possible rate changes that occur as a result of outsourcing to transportation brokers and 3PLs.

Data 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Truck fleet management: How are my trucks performing in the market?

FreightWaves SONAR

And freight KPIs can serve as a valuable tool for freight market intelligence. Freight intelligence tools help management develop a more unified freight strategy. Today, there is an excellent opportunity to apply freight market intelligence tools and real-time data. Request a SONAR Demo. appeared first on SONAR.

article thumbnail

How asset-based carriers are using predictive freight rates

FreightWaves SONAR

The ability to accurately predict both trucking and load execution costs or rates is a wonderful tool for all carriers. The tools that come with the utilization of modern tech and logistics provide a strategic advantage, especially for carriers looking to improve how they manage their fleet assets. Request a SONAR Demo.

Freight 98
article thumbnail

How to Ensure Effective Third-Party Deliveries and Excellence in Your E-commerce Logistics Operations

Locus

We see many debates going around on whether businesses should make use of owned or outsourced fleets. But how do they ensure effective third-party deliveries and excellence in their e-commerce logistics operations, given that they outsource last-mile logistics to third-party providers? Schedule a demo with us!

article thumbnail

Unlocking Shipping Potential: The Importance of Effective Fleet Management

Locus

Shippers tasked with overseeing their fleets, be they captive or outsourced, to ensure the successful completion of deliveries. Redefining Carrier Management: A common challenge among even the largest shippers is the lack of substantial captive fleets, resulting in outsourcing or contracting deliveries to third-party carriers.

article thumbnail

Do I Need Descriptive Analytics in Freight? YES!

FreightWaves SONAR

Descriptive analytics are a powerful tool for managers that allows them to track existing inventory supply and automatically notify others of any potential shortage in available inventory and more. However, the last-mile delivery was provided by an outsourced partner. Request a SONAR Demo. Imagine this scenario.