This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. Network Analytics: Understand past, present, and future market conditions. Source capacity with precision using supply and demand metrics and forecasts.
FreightWaves’ SaaS product, SONAR, is the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. pageviews a month and over 1.5B monthly impressions. Learn More About Understanding Freightonomics.
By analyzing real-time data from various sources, companies can make proactive decisions that improve collaboration among stakeholders, boost operational resilience, and increase customer satisfaction. Despite its transformative potential, the path to full AI integration in logistics presents challenges.
But when he presents this to many companies, they don’t believe it. “I I presented this at Home Depot, and an executive looked me right in the eye and said that’s too good to be true. The platform collects data and makes sure the master data is internally consistent. And that data has “to be internally consistent.
The company provided an innovative approach to utilizing data and revolutionary technology for its growing clients to streamline logistics and implement cost-effective, efficient transportation programs. It is likely to lead to higher rates, less capacity, and more reliance on other carriers for shippers. The Greenscreens.ai
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. That information then leads to improved rates, capacity, and several other benefits. These accurate depictions of the market come from the tracking of data.
The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few. This year, a recurring theme that I saw was about using supply chain data to improve the customer experience across the entire value chain.
This means we help the team answer questions about global production footprint design, such as “where should we build our breweries,” “where should we invest in capacity,” “how much capacity should we build on which location,” “what kind of equipment should we invest in” and “when should we invest.”. a non-alcoholic beer).
Some areas in Florida have shelter-in-place orders, likely limiting available trucking capacity and shipper operations throughout the end of the week. These impacts to the road infrastructure and expected congestions are already presenting delays and disruptions for retailers. “A The whole supply chain is one big network.
This survey-based research gathers quantitative data as well as information on practices or performance drivers. The survey results provide a cross-industry perspective on last-mile logistics including delivery methods used, the extent of customer real-time visibility, and average vehicle capacity.
In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions. On normal days, this can be challenging enough.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
Until now, the bulk of big data has come from social, machine and transactional data sources. The broader rollout of 5G will increase the capacity of the network and further enable the proliferation of video data. Video data will be one of the most critical enablers of this new future of AI-driven autonomous vehicles.
Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Market dynamics of freight management can turn on a dime.
Understanding what consumers want With billions of dollars of orders poised to test the capacity of retailers’ shipping operations this peak season, minimizing fulfillment uncertainty and transforming customer confidence through optimized last mile delivery becomes priority one.
Author’s Note: At Transporeon Summit 2024 last week, I delivered a brief presentation on the state of the European transportation market. Below is an excerpt of what I presented, which includes data from Transporeon Market Insights. When the team at Transporeon invited me to speak again this year, they asked if I could give an.
Carrier capacity tops the list of parcel shippers’ challenges. E-commerce order volume keeps climbing, straining carrier capacity with shippers sending more parcels outbound and receiving more returns inbound. Carrier capacity management strategies ease the crunch. Widening our view of carrier capacity management.
Quality and Detail of Data and its Analysis In some of our earlier posts, weve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.
This is done by presenting in-depth insights in an effective manner, such as with an easy-to-view ticker lineup, such as seeing OTLT.USA compared to OTRI.USA side-by-side, but that can only go so far in helping to alleviate concerns with routing guide compliance. Download the White Paper.
Big datapresents supply chain and warehouse managers with an unprecedented opportunity to acquire real-time visibility of goods in transit and part of inventory, writes Tony Dobson -SnapFulfil CEO. There’s plethora of data in the warehouse now, with lots of dashboards to present the figures, but information overload is happening.
Indeed, the transition has taken place so swiftly that some companies may still need to fully grasp the present or future possibilities to exploit distribution performance as a competitive advantage. The next generation of solutions could also plan and configure loads based on packaging dimensions and the capacity of vehicles.
These initiatives also lead to cost savings by maximizing load capacity and reducing fuel consumption. Blockchain also facilitates collaboration by sharing verified data across stakeholders. These devices provide actionable data to improve fuel efficiency and reduce maintenance costs.
Mexico trade is presenting both opportunities and challenges in infrastructure and capacity. This session dives into the tools, strategies, and market shifts that are transforming cross-border logistics, offering valuable insights into the future of the industry. Navigate the Growth in Nearshoring: Understand how the growth in U.S.-Mexico
“Of course, you can build more tracks and there are places in the Netherlands where it would be easy to do this, but in areas like the Randstad conurbation, where extra capacity is needed most, it’s going to be difficult,” said Pier Eringa, CEO of ProRail in an article on the railway’s efforts to boost capacity and speed.
The present paper will also consider the causes and effects of port congestion in ocean freight, as well as the existing and potential solutions to this problem. Ports can also expand their terminal space and upgrade their equipment to enhance their capacity to deal with large quantities of cargo.
Q3 2023 Shipper Rate Report Q3 2023 Shipper Rate Report The Shipper Rate Report —presented in partnership with U.S. Bank and BlueGrace Logistics —is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers.
In the grand scheme of things, data analysis falls into the categories of descriptive, predictive, and prescriptive. While descriptive datapresents existing figures, predictive data allows you to draw insights from trends in your descriptive data in order to make an educated guess about what might happen next.
Now more than ever, organizations must prepare their supply chain for the present and the unknown challenges and opportunities in the future. Doing so helps organizations detect market shifts and makes supply chain decisions more forward-looking than an analysis of the past, present, and at best, a tactical view of the future.
Many major challenges of 2021—capacity constraints, ecommerce growth and driver shortage—are rolling over into 2022 and, in addition, the environment and machine learning are becoming more important for logistics and supply chain professionals. This is clearly an opportunity and challenge for retailers and last mile logistics companies.
It’s easy for shippers, brokers, and third-party logistics providers (3PLs) to get lost in the freight data conversation. The opportunities, to understand market conditions and increase profitability through analytics , are more apparent through the impact and analysis of data. However, spot freight is ever-present.
Single people mark the occasion by spoiling and treating themselves to gifts and presents, but it wasn’t until Chinese eCommerce giant Alibaba chose the date to offer heavily discounted merchandise on its platform for 24 hours, starting at midnight on the 11th November, 2009, that Singles’ Day became a major commercial event.
A fleet management system is used to plan a business’s logistics based on an assessment of historical delivery data and to monitor the performance of each vehicle based on tracking technologies such as GPS and telemetry sensors. Two of the most common measures are average delivery time and assessment of fleet vehicle capacity.
The significance of this region’s having the most elevated rejection rates is simply that it is breaking a multiyear pattern of relatively loose capacity conditions and minimal volatility. of the total outbound tenders in SONAR’s tender data. It is also where many carriers are based and many drivers live. throughout the year.
With the Book-It-Now feature, drivers are presented with available BlueGrace loads and pricing to accept and confirm with a single click. Truck capacity is stretched tight and motor carriers are heading into peak retail season with a full head of steam. Transportation and logistics providers that can bring capacity are in high demand.
Both markets present unique hurdles that supply chain professionals must adeptly navigate. The ability to make data-driven decisions and forecast future trends accurately can make all the difference in surviving a bear market’s turbulent waters.
This begs the question: Even if the industry gets more truck drivers, just how much is enough to relieve the strain on trucking capacity? Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. Analysis of employment data.
The following text is of a presentation given at a 2019 Wiliams Foundation conference, ‘Sustaining self-reliance’ As the original article cannot be found on other sites, it is provided here with some slight adjustments. It examined the threat to US interests from Russia and China as they applied to its capacity to project power.
Imagine moving cargo across continents as smoothly as computers process data. It is quite a nebulous and fluid area of research at present,” he says. “It Zacharia: It is easy to over-complicate the physical Internet, but peel away its husk and it really is an attempt to move goods in the same way as we move data.
As data becomes a critical resource in modern organizations, business users are clamoring for tools to ease access to data for reporting and dashboards. EA plugs data in the form of reports, dashboards and data visualizations into applications, putting the information where it will get used.
the role of Generative AI, a subset of artificial intelligence that can generate data like what it’s trained on, is becoming significant. Alex had seen the wonders of electronic data interchange, warehouse management systems, and transportation management systems. Customer interactions presented another challenge.
Fundamental shifts of e-commerce and consumer behavior took shape in 2020 and presented new and unprecedented challenges. Carrier rates are up and climbing , even at the USPS, and carrier capacity limitations crippled some of the largest merchants who did not prepare for them. Parcel shipping volume skyrocketed.
Third-party supply chain and freight market data has become an important tool for retailers, manufacturers and suppliers who want to redesign their networks, improve strategic planning, benchmark their transportation spend and the service they’re getting in return, and measure the efficiency of their facilities.
But for that to occur, all of the dominos must fall into place: the product must be available to promise, there needs to be enough shipping capacity, and there needs to be an understanding of how inventory will be moved between mills and distribution centers. It analyzes new and historical order data, customer preferences, and transactions.
The trucking market has been characterized by an overabundance of capacity — and a stubborn lack of demand — since early 2022. There are a handful of theories that seek to explain the unexpected change, but none of them can be hailed as the one true answer at present. A late-summer demand spike, however, is altogether unexpected.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content