FreightWaves SONAR

JULY 24, 2023

Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. The costs of logistics as a ratio of total expenses are too significant to ignore. In most industries, supply chain logistics account for 5% to 50% of a product’s total cost.”

Cost Reduction 105

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FreightWaves SONAR

APRIL 1, 2021

Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. LTL shipping rates would historically depend on freight class and the cost per hundredweight .

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FreightWaves SONAR

JANUARY 19, 2021

Operational trucking charges and costs are nothing new. To that end, here are the top steps for carriers to get more from their fleets and proactively manage operational trucking costs. Unify pricing strategies with freight forecasting tools The final step to getting more from your fleet requires freight forecasting tools.

Cost Reduction 98

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Locus

MARCH 27, 2024

But here’s the kicker for retailers: amidst all this chaos, they’ve got to keep their delivery costs lean without compromising on giving customers a smooth and enjoyable experience. This situation demands not just managing costs but also turning the returns process into a positive touchpoint with customers.

Cost Reduction 52

Cost Reduction Inventory Reduction Expense Reduction Resource Reduction 52

Freightos

NOVEMBER 7, 2023

More Resources Home November 7, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 133

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 133

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.

Inventory Reduction 52

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FreightWaves SONAR

MARCH 23, 2021

Essentially, this means that all the costs associated with shipping come into play without any of the income-producing benefits of shipping. Companies that can accurately predict market volatility trends, using indices with reefer data analytics , can ensure that they remain prepared in the event of replenishment issues.

Resource Reduction 98

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Freightos

NOVEMBER 15, 2023

More Resources Home November 15, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. The same was true for Asia – N.

Price Reduction 118

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FreightWaves SONAR

APRIL 13, 2021

Moreover, Supply & Demand Chain Executive explains , “Developing a point-of-departure strategy for partial and LTL shipments can give small and medium-size businesses delivery costs comparable to the mega shippers. Seeing the long-term trends over time provides shippers with more options and a better understanding of density.

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AIMMS

MARCH 30, 2020

Study 2: Inspect Demand Trends . Using Demand Forecasting Navigator to Study Demand Trends. Review the study below to see how you can apply constraints in N etwork Design Navigator to identify the optimal sourcing location, while minimizing both production and distribution costs. . Demo in Network Design Navigator .

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FreightWaves SONAR

FEBRUARY 5, 2021

(Graphics created by Emily Ricks) Carriers frequently find themselves frustrated when costs eat away at their profits and they have limited pricing visibility. Financial losses or declining profitability certainly make cost-cutting a priority. Financial losses or declining profitability certainly make cost-cutting a priority.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

WorkWave

NOVEMBER 6, 2023

In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Ordering 52

TransAudit

DECEMBER 14, 2022

Learning more about fuel costs and shipping will give you a better understanding of what’s going on and equip you with some strategies to help. How Fuel Costs Raise Shipping Prices. The fuel for getting goods from place to place costs money. The more fuel costs, the more expensive it is to ship items. New Routes.

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FreightWaves SONAR

FEBRUARY 10, 2021

Those who find themselves unable to keep up with modern trends often fall by the wayside, making the use of these innovative technologies even more crucial. How carriers create data-driven pricing strategies. The advantage of predictive rating tools to manage and maximize RFP efficiency and cost alignment. Request a SONAR Demo.

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The Logistics of Logistics

JUNE 23, 2022

The need for practical and applicable last-mile delivery in retail involves saving money and reducing the expenses associated with this vital yet often overlooked leg of the shipping journey. According to Insider Intelligence , “ As a share of the total cost of shipping, last-mile delivery costs are substantial—comprising 53% overall.

Supply Chain Planning Software 150

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FreightWaves SONAR

FEBRUARY 26, 2021

Market activity describes the nationwide and granular trends affecting available capacity, timeliness of transit and on-time, in-full deliveries. According to Trucks.com , “But reducing the number of miles that carriers drive empty – also known as deadhead miles – has proven to be a more elusive challenge. Detention cost percentage.

Trucking 96

Trucking Freight Price Reduction Cost Reduction 96

Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates. The regression in pricing wasn’t just due to lower demand.

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Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 127

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. Data helps highlight key problem areas that need to be addressed and offer insight into what trends need to be taken advantage of within the market.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

Locus

MAY 15, 2023

With this growth potential in mind, Locus recently organized a roundtable discussion with industry leaders in the D2C segment on how brands can equip themselves to discover new last-mile efficiencies, reduce costs and engage more meaningfully with their customers with intelligent last-mile logistics solutions.

Cost Reduction 52

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FreightWaves SONAR

FEBRUARY 24, 2021

The need to improve fleet asset utilization and to maintain better control over trucking costs is absolute. 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.

White Paper 52

White Paper Cost Reduction Price Reduction Supply Chain Software 52

WorkWave

JUNE 27, 2024

According to the American Trucking Association, the industry faced a shortage of over 80,000 drivers in 2021, projected to grow to 160,000 by 2030 if current trends continue. Addressing this shortage is vital for maintaining efficient operations, controlling costs and ensuring customer satisfaction.

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The Logistics of Logistics

JUNE 23, 2022

However, even as retailers scramble to meet e-commerce consumer demands, and providers lean into the latest trends to get those packages to front doors, there is plenty going on behind the scenes. OneRail showcased its final-mile solution during a Monday demo session at FreightWaves’ Future of Supply Chain event.

Collaboration 150

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Freightos

DECEMBER 6, 2023

More Resources Home December 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Freightos Air Index data show that China – N.

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Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 118

FreightWaves SONAR

JANUARY 26, 2021

Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricing strategies. 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.

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Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

FreightWaves SONAR

MARCH 22, 2021

And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR SCI Demo.

Data 98

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FreightWaves SONAR

JANUARY 7, 2021

Over time, missed opportunities result in higher costs in the form of: Increased driver turnover. Poor tender acceptance strategies. Limited insight into current costs compared to the market. Worse, that “critical” sale just cost you more money to process than it produced in profit.” Request a SONAR Demo.

Supply Chain Software 98

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FreightWaves SONAR

MAY 7, 2024

Centralization and Standardization These platforms centralize procurement tasks, reducing the reliance on multiple spreadsheets and allowing for a more organized approach to managing bids. This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity.

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WorkWave

JUNE 17, 2024

Generating more leads is a key strategy for increasing revenue, expanding market reach, and establishing a strong reputation in the industry. Digital marketing has emerged as an essential strategy to effectively promote products and services online. Email marketing is an effective pest control lead generation strategy.

Optimal Sourcing 96

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FreightWaves SONAR

APRIL 6, 2021

The majority of OTR shippers are intensely aware of how quickly fees and additional charges can add up and increase overall shipping and operational costs. . And according to a report by Parcel , accessorial prices keep growing year after year and are now estimated to account for a staggering 40% of shipping costs and expenditures.

Capacity 90

Capacity Freight Supply Chain Software Supply Chain Planning Software 90

EazyStock

OCTOBER 20, 2020

The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. It’s the art of achieving stock availability , while reducing inventory costs and minimizing the risk of excess items. Fine-tune your stock replenishment strategies.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

FreightWaves SONAR

DECEMBER 18, 2020

Carriers will have delays and challenges, such as the problems deriving from package cut-offs in recent weeks. This helps them reduce delays, dwell times, loading and unloading issues, and speeds up the entire shipping process by lowering tender rejections, increasing use of data during RFP processes and adding value across the network.

Sourcing Strategies 98

Sourcing Strategies Inventory Reduction Cost Reduction Optimal Sourcing 98

FreightWaves SONAR

MARCH 11, 2021

Without quality data to review, analyze and apply, the network will struggle to keep up with important trends within the global market. According to Supply Chain Digital , “A company that utilizes a global trade management system can expect to cut costs, risks and delays associated with manual compliance and tracking efforts.”

Data 98

Data Supply Chain Planning Software Supply Chain Software Expense Reduction 98

FreightWaves SONAR

FEBRUARY 25, 2021

And for shippers, that means keeping costs under control and minimizing the rates. For instance, here are a few KPIs that go into the overall strategy for how carriers price transportation: MILES PER TRUCK PER WEEK (MILTR) – Every driver in the fleet will come under scrutiny at some point. Download the White Paper.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

Ship Monk

FEBRUARY 9, 2024

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. Creating graphs and pie charts out of your numerical data can make it easier to spot trends and gain insights.

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FreightWaves SONAR

NOVEMBER 12, 2020

Transportation costs are among the most critical of these. A successful freight broker can reduce this likelihood by ensuring that the company is always on top of the newest trends. Avoid these challenges with a technology-driven freight broker management strategy. Request a SONAR Demo.

Supply Chain Software 98

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WorkWave

DECEMBER 16, 2024

With the ability to deliver targeted treatments, businesses can improve effectiveness while minimizing costs, which is essential in today’s competitive environment. We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology.

Cost Reduction 52

Cost Reduction Resource Reduction Optimization Software Waste Reduction 52

FreightWaves SONAR

FEBRUARY 1, 2021

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. Route interruptions frequently result in empty miles that cost carriers significant sums that should be avoidable.

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76