FreightWaves SONAR

FEBRUARY 15, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several operational-focused indices to aid asset-lite and asset-based carriers build trucking KPIs that will inform decisions that yield higher profit margins for those who run a trucking business. OPRAT is segmented into dry van, reefer and flatbed carriers.

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

FreightWaves SONAR

AUGUST 13, 2021

Shippers hoping for trucking rate relief in 2022 are going to be severely disappointed. The trucking freight market is one of the most volatile markets on the planet, especially since 2014. Before we talk about 2022, let’s give a quick primer on how supply and demand work in trucking. What is causing these massive swings?

Manufacturing Procurement 98

Manufacturing Procurement Trucking Purchasing Skills Ordering 98

FreightWaves SONAR

MARCH 9, 2021

That’s the onus of electronic freight tender trucking data when compared to lagging submitted data that may take 7 to 14 days to come in. Near-real time freight electronic tender trucking data offers reliable insights. Now imagine the value of more accurate data in light of the pandemic. Download the White Paper.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

FreightWaves SONAR

JANUARY 19, 2021

Operational trucking charges and costs are nothing new. They derive from a confluence of factors, including truck industry volatility. To that end, here are the top steps for carriers to get more from their fleets and proactively manage operational trucking costs. But how can a trucking company achieve this goal?

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Trucking 98

FreightWaves SONAR

FEBRUARY 18, 2021

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. Recruiting truck drivers is not only the top challenge for carriers, but it will always remain one of the highest priorities. The truck driver shortage and its relationship to the capacity crunch.

Waste Reduction 97

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FreightWaves SONAR

FEBRUARY 4, 2021

Trucking capacity is tight, and deadheading is the precursor of even stricter capacity. The problem of deadheading in trucking. By utilizing effective trucking RFP protocols, freight managers can ensure trucks stay filled on every leg of every trip. Those that held on in 2020 continue to face obstacles as recovery begins.

Waste Reduction 98

Waste Reduction Data Expense Reduction Cost Reduction 98

FreightWaves SONAR

APRIL 7, 2021

And the effects are becoming evident as trucking compliance with applicable routing guide requirements deteriorate. The truckload market appeared to be on a path toward stability with rejection rates sliding slowly through the first month of the year before winter storms disrupted trucking networks and shipper production cycles.

Negotiating Skills 98

Negotiating Skills Compliance Cost Reduction Trucking 98

FreightWaves SONAR

MARCH 16, 2021

Mapping the trucking market assists freight market participants with a flurry of benefits. Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

JANUARY 25, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several mileage-focused indices to aid carriers to build trucking KPIs that will inform decisions to optimize fleet utilization among other freight KPIs. Miles per Truck per Week (MILTR). Miles per Truck per Week (MILTR). Loaded Miles (%) (LOADM).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

MARCH 8, 2021

The digital age has presented a wealth of opportunities for the over the road trucking market. Because data sources matter to assess accurately and objectively the over the road trucking market. . Lagging data makes for a massive hindrance in assessing the over the road trucking market. But what is the solution to lagging data?

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Sourcing Data 98

FreightWaves SONAR

JANUARY 20, 2021

FreightWaves’ Todd Maiden said it best in early December: “Several analysts have published transportation outlook reports for 2021 that are calling for continued strength in the trucking markets. Request a SONAR Demo. Pricing uncertainty in the first half of 2021. Fill out the Form Below to Access a COPY of the White Paper.

White Paper 90

White Paper Trucking Demo Freight 90

FreightWaves SONAR

FEBRUARY 22, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases trucking revenue benchmarking indices. This week, learn how executives who manage a trucking business are monitoring these SONAR revenue indices to benchmark trucking revenue and improve decision-making that yields higher profits.

Trucking 85

Trucking Procurement Analytics Demo Modeling Software 85

FreightWaves SONAR

DECEMBER 21, 2020

Transportation analytics is among the most effective tools in trucking contract negotiations. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Trucking contracts are not necessarily built for disruption.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

FreightWaves SONAR

FEBRUARY 19, 2021

(Graphics created by Emily Ricks) There are many attributes to consider when considering a truck freight rate. And these fluctuations within the trucking market range from market volatility to the lack of real-time data. trucking industry is experiencing a shortage of drivers. This will increase the truck freight rate.

Freight 78

Freight Trucking Demo Cost Reduction 78

Shipchain

MAY 3, 2019

The trucking industry moves more than 70% of America’s freight, and gross freight revenues from trucking exceeded $726.4 So, let’s take a closer look at how a blockchain trucking platform will enhance efficiency and profitability for truck drivers. A Blockchain Trucking Platform Will Empower More Owner-Operator Truckers.

Supply Chain Planning Software 117

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FreightWaves SONAR

JANUARY 19, 2021

And now is also the time when carriers typically start thinking about what new rates to ask for in trucking RFP bids or when working with more freight brokerages. How can an organization sum up contractual differences within a single source without considering individual nuances and unique trucking trends of each shipping lanes?

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

Logistics Viewpoints

NOVEMBER 3, 2023

The song was built using a demo track from John Lennon dating back to the 1970s and a guitar track from George Harrison from 1995. The song was supposed to come out back in 1995 as part of The Beatles Anthology, along with Free as a Bird and Real Love , two other tracks culled from 1970s Lennon demos.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Logistics Demo Packaging 120

FreightWaves SONAR

APRIL 6, 2021

The transportation of freight not needing the entire space of a truck is LTL freight. Trucking rates vary depending on the type of freight, load size and destination. With LTL freight shipping, the cargo that needs to be transported from one shipper shares space on a truck with cargo from another shipper. Request a SONAR Demo.

Capacity 90

Capacity Freight Supply Chain Software Supply Chain Planning Software 90

FreightWaves SONAR

MARCH 4, 2021

For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. For instance, a carrier portfolio with 8 trucks, driving 800 miles per day, charging $1.00 There’s plenty that can affect landed costs.

Supply Chain Planning Software 130

Supply Chain Planning Software Freight Optimization Software Resource Reduction 130

FreightWaves SONAR

MARCH 26, 2021

Let’s juxtapose that against trucking fuel efficiency rates of around 10-20% of that amount. That effectively means rail is up to 10X more efficient than sending a shipment by truck. When capacity is ample among trucking carriers. Request a SONAR Demo. Request a SONAR SCI Demo. Shorter hauls.

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

FreightWaves SONAR

MARCH 24, 2021

The cost differential between dry van truckload and intermodal contract rates expanded to multiyear highs over the winter as trucking costs expanded much more rapidly than the intermodal freight counterpart. Trucking pricing tends to be much more volatile thanks to much more dynamic networks and customer base. in December.

Cost Reduction 85

Cost Reduction Inventory Reduction Freight Sourcing Strategies 85

FreightWaves SONAR

JANUARY 4, 2021

Among the shipper of choice tips, offering reliable delivery windows with accurate and on-time truck arrival, communications, and proper documentation will significantly strengthen that reputation. The best examples of shippers of choice provide services along several trucking routes. Give trucking carriers various shipping modes.

Tips 111

Tips Security Capacity Supply Chain Software 111

FreightWaves SONAR

FEBRUARY 9, 2021

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. Why lagging data contributes to limited insight into trucking rates.

Data 59

Data Supply Chain Design Software Trucking Logistics Network Optimization Software 59

FreightWaves SONAR

JANUARY 5, 2021

As such, seeing signals and indices that reflect the real trucking market conditions will be critical to avoiding over-extension of your fleet and drivers. Remember that if the shipper can’t trust the trucking business, sales fall. In turn, trucking companies often have the upper hand. Despite the setbacks, trucking will grow.

Trends 105

Trends Optimal Sourcing Supply Chain Software Supply Chain Planning Software 105

FreightWaves SONAR

FEBRUARY 3, 2021

Plus, SONAR uses artificial intelligence to develop consistently updated forecasts to give subscribers the most reliable predictions of where trucking spot rates, supply chain demand and logistics capacity are headed over the next 12 months. Request a SONAR Demo.

Video 105

Video Freight Logistics Network Optimization Software Demo 105

FreightWaves SONAR

APRIL 20, 2021

And ultimately, eliminating the need for excess trucks on the road helps the carrier costs overall and allows for available resource management. Optimizing the routes for trucks will remove some of those additional and time-consuming stops. Emissions are still released if a truck sits without moving. Request a SONAR Demo.

Cost Reduction 97

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 97

FreightWaves SONAR

MARCH 22, 2021

In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. Sign up for a demo here or by clicking the button below. . Request a SONAR Demo.

Capacity 98

Capacity Price Reduction Demo Cost Reduction 98

FreightWaves SONAR

JANUARY 15, 2021

And the trucking trends will reflect both the hope for a return of normalcy and the reality of some new, permanent shifts in the industry. With that in mind, it’s important to realize that carriers can use the top 10 trucking trends to find a long-term value-prop coming out of the most in-demand periods for carriers in history.

Trends 64

Trends Trucking Supply Chain Planning Software Optimization Software 64

FreightWaves SONAR

MARCH 23, 2021

Companies in the over-the-road trucking industry constantly strive to boost efficiency. Consider the impact of other modes on trucking and how that will affect your shipping strategy Shippers can also benefit from the consideration of other modes of trucking. Request a SONAR Demo. Request a SONAR SCI Demo.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

FreightWaves SONAR

JANUARY 11, 2021

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . There are many ways for shippers to take advantage of technology and advancements within the industry, but three key methods are essential for utilizing trucking data to source capacity.

Data 59

Data Capacity Optimal Sourcing Trucking 59

FreightWaves SONAR

FEBRUARY 5, 2021

The trucking market is volati le. Gaining objectivity in the trucking market. Request a SONAR Demo. The post With GameStop and recent Wall Street news in mind, are players gaming the trucking market in similar ways? How can the logistics industry become healthier overall? Very volatile. Will they be perfect? Visibility.

Trucking 98

Trucking Negotiating Skills Logistics Network Optimization Software Data 98

FreightWaves SONAR

NOVEMBER 10, 2020

The problems that trucking companies face when providing manual truckload freight quotes include long response times, hold and wait times, slow email, voice mail delivery, and human error. It is important to remember the most common issues and delays that trucking operations face will happen across the entire fleet.

Supply Chain Software 104

Supply Chain Software Automation Supply Chain Planning Software Freight 104

FreightWaves SONAR

JANUARY 8, 2021

Carrier or trucking company performance management depends on the ability to collect and apply data to understand the real health of the business. Face the music; there’s so much freight data that figuring out which trucking data holds the most value is almost impossible for trucking companies focused on just meeting general demands.

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

FreightWaves SONAR

FEBRUARY 5, 2021

Top cost centers for trucking carriers The potential for market volatility makes cost centers more worrisome for trucking carriers. Some of the top costs within trucking include fuel costs, outsourced brokerage payments, supplier costs, idle time, insurance and more. Request a SONAR Demo.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

FreightWaves SONAR

FEBRUARY 10, 2021

Measuring the health of the trucking business through analytics-based benchmarking. . Request a SONAR Demo. Fill out the Form Below to Access a COPY of the White Paper. The post [WHITE PAPER] How carriers utilize data and analytics to increase revenue and profits appeared first on SONAR.

White Paper 98

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Freightos

MARCH 27, 2024

Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Exporters choosing these options could face increased trucking and rail rates as demand increases for shifts to other ports.

Logistics Network Optimization Software 133

Logistics Network Optimization Software Data Freight Handling 133

FreightWaves SONAR

DECEMBER 4, 2020

In this blog post on the top freight podcast, I will first provide the top FreightWaves podcasts from the FreightCasts team headed up by the legendary Timothy Dooner. Here are the top FreightWaves’ Freightcast Podcasts: WHAT THE TRUCK?!? “ WHAT THE TRUCK?!? Trucking for Millennials. Trucking for Millennials.

Freight 105

Freight Logistics Network Optimization Software Supply Chain Software After-sales 105