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WorkWave’s virtual booth will offer three types of experiences for its visitors: live sessions including demos, pre-recorded sessions to view on-demand, and one-on-one appointments with its Genius Booth staff and executive leadership team. Time To Read: 3 minutes. WorkWave to highlight functionality that drives growth and profitability.
Those that held on in 2020 continue to face obstacles as recovery begins. Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Applied data lowers the risk of over-valuing or under-valuing trucking costs. Think about it. Think about it.
According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.
Obviously, that may not necessarily apply to much of 2020. Capture and analyze data inside and outside of your network to benchmark performance. The biggest barrier to efficiency in supply chain agility rests with an inability to see, capture or analyze freight data. Download the White Paper.
Successful supply chain management depends on the ability to collect data and apply it accordingly. As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. And major companies have taken notice.
Above-average holiday shipping seasons in 2020 and 2021 led to an above-average returns rate in the usual Quiet Season. Request a OneRail demo to learn more about how your team can be better equipped to handle surges in demand through all shipping seasons, not just peak season, and scale effortlessly through technology.
It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Truckload demand has stabilized at a high level after declining seasonally to start the fourth quarter. Request a SONAR Demo. Request a SONAR SCI Demo.
This struggle can finally come to an end through the use of modern analytics and data management. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. . Carrier profitability should always be a top concern, even during high demand periods like 2020.
But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Shippers may not track this data independently.
The last time the rate was this low was early 2020, when the freight industry was still coming off of a depressed 2019 and before the COVID-related freight surge took hold of the industry. I asked our supplier for that data, and they don’t know, either. The average intermodal spot rate of $1.47 Right now, they don’t need to be.
Whether using technology to interact with your prospects and customers is a new approach you took on during COVID-19, or you’ve been making an effort to stay on top of new technology for years, it doesn’t change the reality of your business’s present: your success in the second half of 2020 and beyond will rely on your use of new technology.
With the havoc 2020 caused, can shipping trends get any worse? 2021 trends will further reflect the necessity for data-driven decision-making After seeing some unexpected shipping trends last year, 2021 will make no difference in the long-term outlook unless carriers learn from their mistakes. Congratulations and welcome to 2021!
Surviving the tumultuous year of 2020 represented the most critical challenge shipping leaders had to face in years. Enterprise shippers are looking for ways to capture and analyze more data Making the most of available technology has always been critical for fine-tuning a supply chain. Download the White Paper.
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. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.
According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.
As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.” The sudden surges of 2020 are not one-off scenarios.
As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. Measuring performance with transportation KPIs and freight data is getting easier. Transportation management depends on historical and real-time data. Think about this.
billion during 2020-2024, progressing at a compound annual growth rate of 4% during the forecast period.” Near real-time data. Near-real-time data in day-to-day operations keeps rates and capacity as accurate as possible. Using near-real-time freight data proves invaluable in keeping freight broker resources in check.
Therefore, the intermodal volume trajectory in the fourth quarter may more closely resemble 2020 (rising in November and December) rather than 2018-2019 (declining in November and December from October levels). Request a SONAR Demo. Request a SONAR SCI Demo. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.
ShipChain Releases New Public Demo. Our first public demo video has arrived, and you can watch it out here ! The Baseline Protocol initiative was first announced on March 4, 2020, by fourteen founding organizations, including Kaiser Permanente, Ernst & Young, Microsoft, ConsenSys, BP, and others. What We’ve Been Up To.
Collect data and benchmark your carriers’ performance. Collect and benchmark carrier performance data. That might include collecting both internal data and using the resources available in SONAR, such as SONAR InGauge, to compare carrier data against the industry. . Request a SONAR demo online to get started.
And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best. When supply is limited, like trucks have been for much of 2020, and the demand stays high, freight management becomes about more than simple schedules and asking who’s available?
Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. And it’s critical to know how carriers can tap data and analytics technology to boost driver morale and attract more talent. . So, companies are working on retaining the workers they already have.”
However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels. Increase routing guide stability by getting the right data resources in your tech stack.
These issues are easily avoided by using trucking data and analytics that provide real-time visibility. According to Forbes , e-commerce “jumped by $52 billion” throughout 2020 because of the pandemic. However, these issues can be tackled through proper asset utilization and proactive management based on near-real-time freight data.
SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Request a SONAR Demo. Request a SONAR SCI Demo. Source: SONAR). Source: SONAR).
At that point capacity was tightening as 2020 began, due to carriers being less willing to enter the market. The SONAR data platform offers the fastest and deepest set of freight market data on the planet. Request a SONAR Demo. Request a SONAR SCI Demo. Interested in getting an edge during weather-related chaos?
Service level is an important KPI for every stock-carrying company, but some companies don’t have enough data available to measure this properly. The fill rate data can be aggregated and displayed in different ways, for example by warehouse location or certain suppliers. Outlook for 2020. Fill Rate KPI. What’s new?
With all the disruptions in the supply chain since 2020, the last mile has been in a constant state of flux. OneRail showcased its final-mile solution during a Monday demo session at FreightWaves’ Future of Supply Chain event. We took an API-first approach because the fluidity of the data has to be there. It can’t be manual.
Agile freight management is another go-to supply chain execution strategy Throughout 2020 the value of adaptability and flexibility within logistics was proven. Throughout the years to come, accurate data analysis will remain essential for effective truckload shipping. Request a SONAR Demo. It’s that simple.
We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry. The Internet of Things (IoT) serves as a mean for connecting systems together, and Big Data analytics give supply chain leaders insight into granular data.
The current trends in maritime shipping data suggest increased shipment delays and further inflationary pressures on rates. has been trending higher since mid-June 2020, likely setting new all-time highs in the coming weeks. The SONAR data platform offers the fastest and deepest set of freight market data on the planet.
Drivers currently using a KeepTruckin ELD will be able to automatically import route and shipment data into their ShipChain account and share the shipment data across the supply chain. . Contact our sales department to get a demo or login. To learn more or request a demo of the Delivery Experience Manager, get in touch with us.
Trucking has a decisive advantage on shorter, irregular runs moving in or out of less populated regions, which are also core reasons to view lane-by-lane market data too. . When this happens over a longer stretch of time, as has been the case in the back half of 2020, some shippers renegotiate new trucking rates out of cycle.
from 2020 to 2027.” It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation.
You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. The prevailing effects of COVID-19 are uncertainty and disruption; the key to planning ahead for 2021 will be to analyze the effects of 2020. Supply Chain Performance: Reviewing 2020. What were your biggest challenges in 2020?
Data and freight analytics platforms play a pivotal role in freight forecasting. Data and analytics platforms assemble and organize data for meaningful, actionable use. When the data is collected and made more available and accessible, carriers and logistics service providers (LSPs) can improve trucking operation decisions.
Unfortunately, the trials of 2020 taught supply chain leaders that planning on the typical expectations will not always work. Insight into shipping lane acuity empowers freight management parties with real-time freight data that’s actionable, insightful and valuable. Request a SONAR Demo.
2020 has been the year of video in sales. If you do need to present a demo, PowerPoint, or other material on a call, then you will need to use your laptop. Whether you’re working from the office or from home, SONAR can provide you the data and intelligence you need to stay ahead of your competitors. . Request a SONAR Demo.
The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.
There are five available indices that arm trucking business leaders with the data they need to build operational freight KPIs that keep abreast of exorbitant operating costs that are depressing profitability. The SONAR chart above shows OPRAT chart for 2020 as compared to the past three years.
Freight load balancing means capturing the data needed to make proactive decisions regarding where to send trucks, which moves have the strongest profitability opportunities, and when to reject a tender based on that data. Tips for applying data to balance freight load pressures on the network. Request a SONAR Demo.
Unfortunately, the wide variances of 2020 revealed those fluctuations could grow more severe than anyone realized. And having access to freight data on the fly is critical to maximizing asset utilization and load profitability. Request a SONAR Demo. Backhauls can be factored into that routing.”
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