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From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.
Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Because availability and demand can impact freight rates and expenses, knowing the current volume trends can help shippers better plan for rates and fees. Request a SONAR Demo.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Some minimal congestion – caused by the three day strike at the beginning of the month – remains at US East Coast and Gulf ports though operations have mostly recovered.
What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.
The right CRM software helps you: Optimize routes to reduce travel time and fuel costs Balance technician workloads to maximize daily stops Minimize last-minute cancellations by sending automated reminders Increase availability for emergency job requests by managing schedules efficiently while respecting client time constraints 4.
Driver availability in the delivery, transportation and logistics sectors has become a critical issue with widespread ramifications for businesses and consumers alike. Current State of Driver Availability Statistics The trucking industry, which is pivotal to the economy, is grappling with an unprecedented shortage of drivers.
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. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Request a SONAR Demo.
As highlighted by LinkedIn , a staggering 80% of bargaining is preparation, analysis, data review and planning before any meeting or discussion occurs. Keep extra carriers on hand and keep the availability of drivers open for locating added capacity. Request a SONAR Demo. Request a SONAR SCI Demo.
Identify hot versus cooling markets The market constantly changes as demands shift and service availability rises and falls. Predictive data analysis allows managers to tweak and adjust route optimization and shipping protocols to accommodate market demands. Request your demos below. Request a SONAR Demo.
Implementing predictive traffic analysis and real-time GPS tracking can help navigate these issues, allowing for immediate rerouting if needed for an effective delivery schedule. Developing a well-defined resource management plan can help optimize the workforce and transportation availability. To counter4. Start Using RouteManager!
Judah Levine January 16, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 5% to $2,588/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $4,278/FEU.
The intuitive augmented reality app provides data visualization and error analysis by merging machine, sensor and diagnostic information with the real environment using technology most people carry in their pocket. SICK UK unveiled its trailblazing SICK Augmented Reality Assistant (SARA) at Smart Factory Expo 2024 in Birmingham.
Relying solely on manual shipping data analysis continues to yield poor results. Outdated analysis and management methods are becoming increasingly more difficult amid lockdowns, supply shortages, and increased consumer demands. Analytics available now are not those of the early 2000s. Request a SONAR Demo.
But what shippers want and what’s available do not always align. It’s because enterprise shippers are turning to new intelligence tools, such as SONAR SCI , to conduct a freight spend analysis to maximize contract freight use and allocation. Request a SONAR Demo. Shippers want a significant reduction in the stress of logistics.
Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean rates out of Asia climbed significantly last week, with the latest daily prices already at $8,200/FEU to N.America West Coast, $9,300/FEU to the East Coast, $8,600/FEU to N. Europe – N.
Truckload service focuses on balance and having available trucking capacity when in high demand. Truckload services and freight load price options stay related to how well supply chains manage available assets. Trucks – having available trucks ready to hit the road keeps a fleet moving and growing. Request a SONAR Demo.
The data collected over time allows for trend analysis, enabling continuous route optimization for improved efficiency. Leveraging Data for Enhanced Performance The synergy between telematics and route optimization platforms allows businesses to leverage all available data to its fullest extent.
Limited insight into inventory demands resulting in problems procuring raw materials The manufacturing supply chain depends on the availability of raw materials to create and distribute goods and products. Request a SONAR SCI Lane Acuity demo to get started or click the button below. Request a SONAR Demo.
This also makes it easier to see capacity constraints or other available options that represent the most beneficial and profitable moves within the network. Improved predictive analysis and projection with logistics automation data and insights. Logistics automation and real-time data analysis make this kind of insight possible.
The analysis of that data helps companies identify reliable insights based on what’s happening today and yesterday, not just what happened last week. Obviously, that’s only one example, but it shows the value of insight and using data that’s available now. . Request a SONAR Demo.
Start saving time and get your free supply chain analysis with Trinity Logistics. It’s also important to see what kind of support is offered, as having an expert available can help provide you with more insight than the software alone. A TMS Optimizes on Its Own First off, not all TMS platforms are the same.
The best and only successful way to overcome flawed data analysis is to use effective technology. Lead time requirements, load availability and customer demands can change quickly. Making the most of freight management and data analysis services will represent a key focus in the years ahead. Request a SONAR Demo.
Enterprise shippers can use this insight to maintain a strategic and adaptable plan that helps them achieve the following: Find available freight market capacity quickly and easily. Streamline data collection and analysis. Request a SONAR Demo. Avoid inventory problems and deviations during shipment.
The access to real-time data makes it easy to check the validity and rates associated with one-off bids and load availability. Thankfully, there are several transportation strategies and simple steps available to management to help reduce costs. Request a FreightWaves SONAR demo today by clicking the button below.
According to Supply Chain 24/7 , “ In the industry right now, there are 10 orders to ship for every available truck; however, a large portion of private fleets are running their assets with a significant amount of empty backhaul miles. Request a FreightWaves SONAR demo today by clicking the button below to get started.
However, the needs and demands still frequently outweigh available resources. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers. Even more importantly, the lack of analysis surrounding ocean import data makes planning drayage moves even more troublesome.
According to Supply Chain Dive , “The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to a Supply Chain Dive analysis of the annual MHI Industry Report.” Request a SONAR Demo.
According to Supply Chain 24/7 , “If 2020 taught us anything, it demonstrated that to succeed, maximize resilience, and ensure business continuity, companies need to maximize every available channel – ecommerce, direct-to-consumer, retail and distributors. Request a FreightWaves SONAR demo by clicking the button below to get started.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Typhoon Gaemi wreaked havoc in the form of evacuations and deadly mudslides and flooding across the Philippines and Taiwan on Thursday and parts of southeast China into Friday. Europe – N.
The recent increase in delays and prices may also be putting pressure on many shippers to move seasonal goods now before rates climb further or to avoid delays later in the year which could threaten inventory availability in Q4. Europe – N. America weekly prices fell 2% to $1.63/kg.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean spot rates from Asia to N. Europe – N. America weekly stayed level at $1.66/kg. Europe and the Mediterranean decreased further last week.
It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. ABC analysis is a good inventory control technique to segment your warehouse stock based on the value it brings to the company. ABC analysis, will help with this. Schedule a Demo.
Gain in-depth reporting and the most accurate rate benchmarking available on the market to identify areas for specific areas for improvement. Have confidence in lane-by-lane freight shipping bid analysis with Lane Acuity Plus. These are just a few of the 150,000+ unique indices available to SONAR subscribers.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Less than five days remain before the ILA’s current contract expires and, most likely, a large-scale strike begins. America weekly prices increased 2% to $1.72/kg.
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In this article, you learn what are the various reefer freight data indices available in SONAR, who in the freight market relies on these indices, what the indices tell freight market participants, and real-world scenario analysis of using SONAR refrigerated shipping indices to better understand the freight market.
Judah Levine February 28, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 2% to $4,809/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $6,709/FEU.
Judah Levine February 7, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $4,367/FEU. Asia-US East Coast prices (FBX03 Weekly) increased 4% to $6,373/FEU.
Improper consideration of the whole market’s demands and available capacity will lead to upset and delays. In today’s world, a delay in data processing and analysis will lead to massive opportunities for overlooked industry dynamics. Request a FreightWaves SONAR demo by clicking the button below to learn more.
Resource savings and better usage of available assets Improved focus and better platforms help reduce overall costs. Predictive rate analysis and implementation across the supply chain Utilizing real-time data and automated analysis provides valuable information to the network. Request a SONAR Demo. Think about it.
The TMS used should be capable of handling various aspects of transport management including needs assessment, effective analysis, integration and management in addition to providing you visibility on inbound products, receiving, storing and distribution. MY.SHIPPING.
Excel analysis of the new SONAR tool shows how truckload competes with rail intermodal by lane Prior to last month, SONAR data was available in two ways: by using the browser-based visualization tool or via an API connection. mile, including fuel, suggest there is available intermodal capacity in the lane.
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