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Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. So let’s take a closer look at the top spot freight market data analytics sources that power SONAR. Electronic tender data The first and perhaps the most important data source is electronic tender data.
The abundant data sources can make the process of assessing the market more difficult than necessary. Shippers and carriers should make more definitive decisions in selecting their data sources. Because data sources matter to assess accurately and objectively the over the road trucking market. . Download the White Paper.
There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources. Study 3: Identify Optimal Sourcing Locations . Demo in Network Design Navigator . Study 5: Refine Capacity Smoothing (click to view demo and more information)
Companies relying on lean inventory models or single-region sourcing are particularly exposed. Diversify Supply Chains Moving away from single-region sourcing reduces vulnerability. Chat with our experts and book your demo now. Challenges for Businesses 1.
While there are always threats of companies sourcing from different places, the impacts to bottom lines in 2020 have increased the need for alternative sourcing, like switching from truckload to intermodal freight or vice versa, in order to mitigate risks to inventory levels. Request a SONAR Demo. Request a SONAR SCI Demo.
In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of data source analytics and how well they stack up to the observed market conditions. Request a SONAR Demo. In fact, that’s where the value of FreightWaves Scientific Indices and Intermodal Contract Savings Indices is most apparent.
Watch the episode below: SONAR tracks daily activities in the domestic and global freight markets, with data generated from thousands of exclusive sources with more than $200 billion of contract freight transactions. Request a SONAR Demo. SONAR offers historical and current freight rate, demand and capacity index data across all modes.
As reported by the Uber Freight Blog , these surround the “predictability of your supply chain, including the individual trajectory of your business and industry, and fixed production, storage, and fulfillment needs. In the interim, request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
However, the spot market often is just as beneficial and dynamic for helping shippers find a way to rapidly source capacity; although it can be harder to discern at times without accurate data-driven insights. Request a SONAR Demo. Request a SONAR SCI Demo. Often this means contracted volume is the way to go.
And even worse, many organizations leave freight data on the table by not taking advantage of the massive external data source pools. The better solution is to manage assets from a single source of real-time freight data – a single source of truth for making those critical decisions. Request a SONAR Demo.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. When a company’s employees spend less time analyzing data, they can focus more on supply chain needs – such as moving freight, producing items for retail, or sourcing drivers.
That’s regardless of whether it’s an asset-based broker or just someone who works with a company to source capacity. Request a SONAR demo online to get started. . Request a SONAR Demo. Nevertheless, it all adds up to a greater demand for integrated systems and real-time data.
Data sources that fail to take into consideration influential granularities, as well as national factors, will deliver inaccurate information. This makes a careful selection of data sources a priority for businesses that wish to map the current state of the trucking market. Request a SONAR Demo.
After all, import activity is one of the leading indicators of added pressure on truckload logistics and sourcing capacity. Request a SONAR demo online today. Request a SONAR Demo. That insight helps to better plan drayage moves, which trickle down throughout the supply chain. SONAR SCI is that solution.
Reap the rewards of LTL freight rates and capacity sources with better data for contract negotiations. Learn more by requesting a FreightWaves SONAR and SONAR SCI Lane Acuity demo today. Request a SONAR Demo. Request a SONAR SCI Demo. Increase ease of access in analytics reporting and systems.
Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries. The right mix of systems can help companies preempt market fluctuations, sourcing capacity well before the next capacity crunch takes hold, and address possible disruptions in real-time. .
The problem: Shipping demand management includes a need to source capacity around the clock Capacity rules when it comes to keeping the supply chain moving and the trucks full. Sourcing capacity and load contracts require the constant attention of management. Request a FreightWaves SONAR demo today by clicking the button below.
Source: FreightWaves SONAR – Inbound Tender Reject Index for Kansas City in 2019) In 2019, record snow and ice affected the Kansas City market, leading to major flooding in March, closing down sections of Interstate 29. Request a SONAR Demo. Request a SONAR SCI Demo.
Without a source of data that is indicative of true market conditions, it is impossible to get a handle on the best steps necessary to achieve the best results. Click the button below to request your SONAR demo today. Request a SONAR Demo. The post Prescriptive Analytics: What’s Freight Management’s Next Best Action?
Routing guides are a universal source of carrier freight tendering and action. Request a FreightWaves SONAR SCI Lane Acuity demo to get started or by clicking the button below. Request a SONAR Demo. Request a SONAR SCI Demo. For instance, both CVS and Academy both present their routing guides online for easy access.
Shippers are facing supply chain challenges from all sides – sourcing, manufacturing, global shipping and domestic transportation networks. Request a SONAR Demo. Request a SONAR SCI Demo. The SONAR data platform offers the fastest and deepest set of freight market data on the planet.
Knowing the lead time helps warehouse managers understand when to restock inventory, allocate drivers, source more capacity, and take other necessary steps. Request a SONAR demo today. Request a SONAR Demo. Average lead time also plays a role in the effective management and application of warehouse KPIs.
The world of transportation sourcing and management is only getting more complicated. According to UPS , “strategic sourcing can help free up capital that will allow your business to reallocate funds for other business expenditures. The first step in building a successful supply chain is to start with vendor sourcing.
As if geopolitical forces were not enough reason for companies to look for other sourcing locations outside China, the capacity crunch is adding to that incentive. And it all begins with getting the right data sources and insights at your fingertips to navigate the freight market. Request a SONAR Demo.
And realize that your ability to secure such recognition depends on accepting responsibility for everything – even problems beyond your control – by becoming more flexible in transportation sourcing. In the meantime, check out a FreightWaves SONAR demo to learn more about how expansive freight data can be in becoming a shipper of choice. .
Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Request a SONAR demo online. . Request a SONAR Demo. And that is becoming truer as global supply chains accelerate in a post-COVID world.
Checking incoming freight from the source is vital. Request a SONAR Demo. Request a SONAR SCI Demo. This involves a couple of main things. By making certain loading practices are executed correctly, freight management must be working at an optimum level. Click the buttons below to get started. appeared first on SONAR.
It provides a source of arbitration to avoid confusion and resolve disputes within the supply chain. Request a SONAR SCI Lane Acuity demo by clicking the button below today. . Request a SONAR Demo. Request a SONAR SCI Demo. What is a routing guide : an arbitrator to avoid confusion and disputes in complex supply chains.
Now, in the Source search, customers will be able to see out-of-network carriers that may have capacity to cover their loads. Reach out to our team to set up a demo. When you search for potential capacity, you’ll find your network carriers marked with a green circle.
Now, in the Source search, customers will be able to see out-of-network carriers that may have capacity to cover their loads. Reach out to our team to set up a demo. When you search for potential capacity, you’ll find your network carriers marked with a green circle.
Meanwhile, an API would have ensured the data was accurate and identical to the original source. . It all depends on the quality of the data source. Visit SONAR online to schedule a demo and explore the possibilities of its APIs in freight tech now. Request a SONAR Demo. Download the White Paper.
Fortunately, that’s where and why many organizations are turning to less-than-truckload , also known as LTL, to source more capacity without the big-time commitments required for full truckload rates. Get started by requesting a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
The platform simplifies the logistics of sourcing additional capacity and assigning shipments, all from a single dashboard. The post Locus Recognized as a Representative Vendor in the 2024 Gartner® Market Guide for Multicarrier Parcel Management Solutions appeared first on Locus Blog. All rights reserved.
When used alongside other freight data indices, such as the volume and rejection indices, carriers can start to plan for initiatives to source more drivers to hire. Click the button below to g et a demo of SONAR to see what the platform can do for you. Request a SONAR Demo.
These analytics literally describe the history of what happened within the freight network, such as the ins and outs of carrier sourcing from the past. Get a demo of SONAR in action today. Request a SONAR Demo. It can be combined with any other aspect of data related to transportation logistics. The 4 Types of Analytics.
For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Click the button below to request a FreightWaves SONAR demo. Request a SONAR Demo. Your goal is to generate actions and make choices based on correct facts.” Take advantage of the services available today.
This blog will delve into the modern delivery compliance considerations as they apply to logistics and supply chain, specifically around SOX and SOC. To learn more about OneRail’s last mile platform, schedule a demo today.
Source Search Now Shows Carriers that have Quoted or Posted a Truck We like to think of the , capacity pool as a target. If this feature sounds like something your brokerage could benefit from, reach out to the team at Parade to , schedule a demo. This means that all those missed connections now hold the potential for capacity.
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. Source: SONAR). Source: SONAR). Source: SONAR). Source: SONAR).
The free white paper, Ocean shippers trapped in house of pain , highlights data impacting the maritime market, from the FreightWaves’ SONAR platform, as well as information from many other sources. Request a SONAR Demo. Request a SONAR SCI Demo. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.
Unlike other tools in the market, the Lane Signal considers an abundance of data from multiple sources, not just dirty data that flows through one system like other industry tools. Request a SONAR Demo. Lane Signal tells users whether a shipper or a carrier possesses more bargaining power on a certain lane.
Furthermore, partners of a non-asset based freight carrier may also fulfill brokerage roles, helping shippers source all modes of freight, make decisions with consultancy services, track logistics metrics , perform auditing and accounting functions and more. Request your FreightWaves SONAR demo by clicking the button below today.
That information is available from SONAR’s Ocean Shipments Report – and from no other source. SONAR uses the data from those technology sources to help subscribers better understand freight movement and how they can take advantage of that information. Request a SONAR Demo.
The data is derived from sourcing spot rates from more than a dozen 3PLs and freight brokerages. Request a SONAR Demo. Request a SONAR SCI Demo. The newly published spot rates represent an assessment of the prior day’s average buy rate (rate that brokers are paying to carriers for capacity).
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