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To help carriers learn how to apply and deploy data more effectively, this whitepaper will explore: The uses of data to allocate and manage assets. How carriers create data-driven pricingstrategies. Fill out the Form Below to Access a COPY of the WhitePaper. Request a SONAR Demo.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Download the WhitePaper. Strong and versatile logistics strategies depend on this data.
WhitePaper: Hidden Risks and Costs in an Offshore Supply Chain. In fact, our friends over at the Rodon Group, with whom we’ve started an ongoing blog collaboration, starting with this post and more to come, have written a WhitePaper entitled, “ Hidden Risks and Costs in an Offshore Supply Chain.”
Figuring out how to improve annual request for proposal (RFP) bidding strategies remains elusive for many shippers, especially in the context of knowing when to expand the network to leverage freight consolidation. Why are shippers turning to freight consolidation to reduce transportation spend? Download the WhitePaper.
As explained by the Harvard Business Review , “consumers will continue to want low prices (especially in a recession), and firms won’t be able to charge more just because they manufacture in higher-cost home markets. Fill out the Form Below to Access a COPY of the WhitePaper. Competition will ensure that. Request a SONAR Demo.
However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. ” This means knowing how a carrier or shipper approaches freight pricing.
That gave rise to a new time pricingstrategy, dimension (DIM) pricing. . Density plays a role in the form of dimensional pricing. DIM pricing considers cubic volume in addition to physical height, width and depth of packages as a factor for price calculations. Download the WhitePaper.
While CMA CGM capped its spot rates, vessel charter prices, congestion, and even overall spot rates show no signs of easing. Delays near ports, such as in San Pedro Bay, are reducing trans-Pacific capacity by ~20% and are keeping ocean capacity very tight. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
In the rail industry, we believe that mounting pressure from an activist investor may mark a dramatic shift in focus at Canadian National Railway from an approach that balances volume, pricing and margins to an approach that is overly focused on cutting costs and capital expenditures at the expense of service levels.
For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Download the WhitePaper. Remember that carrier pricing is subject to the following: Market conditions can change quickly and shift hour by hour at times. . Request a SONAR Demo.
And if shippers know more about how carriers price freight, they are better able to identify those trends based on market signals and pre-empt carrier pricing changes. . Download the WhitePaper. Generate stronger, more proactive carrier pricingstrategies based on near-real-time data insights .
And the disc strategy worked. One tariff with 10 different surcharges and pricing rules is complicated. Prices originate from multiple countries and different agents. They were low-priced, pricing was easier, and parcel shipping was far easier. Automation brings order from potential pricing chaos.
One year ago, we wrote a whitepaper in which we estimated that the top five paper and packaging companies in the U.S. We estimate that the largest paper company could save ~$23 million in freight spend pretax from a hypothetical reduction in freight spending of 1%. Request a SONAR Demo. Request a SONAR SCI Demo.
Th is blog post covers the critical ways strategic partnerships can help supply chain managers achieve optimal OTR management for their freight. Just a few years ago, many faced repeated price increases of more than 10-15 percent over . Download the WhitePaper: Over the Road Freight Management Trends.
Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. Download the WhitePaper.
From a manufacturing perspective, there’s nothing more frustrating than computer downtime cutting into valuable production time and setting a project back by hours, days and sometimes weeks. . Reduced production . Suddenly, you’re faced with all sorts of scenarios that will cost your business money, including: . Reputational damage .
There’s a broad range of options to reduce rates and increase carrier revenue. Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. Download the WhitePaper. Hold suppliers accountable for compliance.
This means that companies with access to near-real-time data could potentially save by the elimination of lagging data. Download the WhitePaper. Spot data and contract data, including paid invoice rates, come together to fuel your strategy. Fuel and energy data also provide useful information in preparing a strategy.
They tend to follow similar lines and influence services and prices throughout transportation networks. According to Supply Chain 24/7 , “ truckload service optimizes trailer space and moves freight [without extra stops that will] eliminate wasted trips, reducing greenhouse gas emissions by up to 40%.”
Shippers want a significant reduction in the stress of logistics. 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. Download the WhitePaper.
Figuring out the best strategy for managing fleet assets can be difficult at best. Unlike contracted rates, the spot freight market is full of wild price swings and uncertainty. Even with the big decline last year, spot prices have averaged 2%. Download the WhitePaper.
Awareness of these challenges can ensure that shippers and LSPs remain prepared for market deviations and overall freight pricing changes. Pricing alignment. Pricing alignment makes for one of the more complicated challenges for asset-based trucking. The volatility makes it difficult to assess pricing. Think about it.
on-highway diesel fuel prices are up $0.898 from the end of August 2020. Download the WhitePaper: Over the Road Freight Management Trends. Many faced repeated price increases of more than 10-15 percent over just a few years ago. Reducing Reliance on Outdated Systems and Technology. According to the?
Improve end-to-end visibility to reduce idle time and wasted resources. Analytics-driven processes must continue to remain the primary strategy for all managers today to improve profitability and increase revenue per driver and per load. Download the WhitePaper. Price per mile driven. Employee hours worked.
Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricingstrategies. When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy.
Download the WhitePaper. This can help reduce uncertainty in the various lanes and reduce the network’s impact. Market disruptions happen, but prior preparation and planning for as much as possible can reduce their impact on the supply chain.
Carriers simply need to know where to send trucks and the proper freight rating or pricingstrategies to use. Download the WhitePaper. That will go a long way in reducing operating ratios and increasing fleet utilization. Even with that information, there is still room for improvement. It can be that simple.
As demand for e-commerce accelerated, notes John Koetsier of Forbes , trucking carriers gained extreme favor in pricing power. In turn, carrier freight pricing guidance must be attuned to the fluctuations within individual needs, and that’s despite the use of end-to-end trucking analytics. Download the WhitePaper.
Domestic transportation networks can better collaborate load capacity to reduce wasted miles and space. Thus, it’s equally important to understand how the freight management segments can apply an ROI calculator like the one in SONAR’s blog to assess whether such systems are worth the investment. Download the WhitePaper.
If you haven’t already, make sure that you download our whitepaper for shipping LTL called “ The Ultimate Guide for Effective LTL Freight Management. you can start by reading our “How to Determine LTL Freight Class” blog post here (it’s the most popular post we’ve ever had) and 2.)
Poor tender acceptance strategies. Download the WhitePaper. If an incoming tender has a destination with minimal backhaul opportunities, carriers should price that tender based on the total costs, including the lost revenue that may result from driving empty miles. Lackluster communication with shippers. Empty miles.
Increasingly, however, it is also critical for shippers, brokers, and carriers to know when rates ebb and flow allowing freight market participants to adjust budget forecasts, know how a carrier prices freight rates, and understand the services offered to justify the rates carriers are offering. Download the WhitePaper.
Download the WhitePaper. Unify pricingstrategies with freight forecasting tools The final step to getting more from your fleet requires freight forecasting tools. If a company’s staff can see what may occur based on current trends, they can better assign prices for loads.
Download the WhitePaper. Thus, more companies are turning to predictive maintenance strategies to extend asset life expectancy, reduce the chance of breakdowns and increase throughput. Boost fleet asset utilization with pricing and tendering data at your fingertips.
The Transportation Air Cargo Index measures the price per kilogram on the spot market to move freight through the air in multiple lanes — in this instance, Hong Kong to North America. Download the WhitePaper. A large shift of balance could dramatically change freight pricing over the next several years.
Such applications of freight technology allow carriers to improve their systems across the board, improving profit margins, reducing load times, streamline shipping, and many more benefits. Download the WhitePaper. USE ANALYTICS TO PROVE THE CASE FOR PRICING CHANGES. But it always helps to have a few steps to success. .
In our whitepaper, 2022 Logistics and Supply Chain Trends and Outlook , we cover many of the lingering effects of the past two years, and the newest challenges truckload shippers can expect to face in the year ahead. Consider a Managed Transportation Services Strategy. It’s not as easy as just building more trucks.
When I hit publish on today's blog, we will have published 659 blog posts on the Cerasis blog, with our very first blog post coming nearly 3 years ago to the day. . If you are a regular reader (or heck even if you are not) what you will see from our blog is a focus on education.
Failure to secure dynamic pricing mechanisms leads to unneeded mini-bids. Contracts must include dynamic pricing mechanisms to avoid unnecessary freight mini-bids. Taking this action amounts to a more proactive, productive shipping strategy. Download the WhitePaper. All carriers are not created equal.
Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. Download the WhitePaper. Shippers with access to existing data can better predict freight pricing for freight shipments.
The Problem: Shippers Using LTL-Exclusive Shipping Have Minimal, If Any, Profitability in Freight Spend Shippers have been bartered with the topic of LTL shipping for years, including how to make better use of it, reduce freight spend and leverage technology. Full Truckload WhitePaper Series. Download Here. New Series.
Instead, knowing how well those truckload rates stack up is critical to maximizing their use and pricing or buying strategies. Download the WhitePaper. After all, wide deviations within predictive rates can still add up to big trucking revenue changes over a week, month or year. USA and FWSR28.USA
Space used should always include vertical space, increasing pallet height, which opens up additional capacity in all shipments, as exhibited in a previous blog post. Full Truckload WhitePaper Series. Access our complete Full Truckload Shipping WhitePaper Series. Download Here. New Series.
When freight brokerages handle freight on the same lanes for their customers day in and day out, they build an expertise on pricing and servicing these truckload shipments. The more loads moved, the denser the network, the stronger the service, and pricing expertise builds up over time. . Download the WhitePaper.
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