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You can download a copy of the industry leading whitepaper by filling out the form to the right and below. Fill Out the Form to Download The Ultimate Guide Transportation Reverse Logistics WhitePaper. Consolidation – the consolidation of multiple returns into one shipment further reducingcosts.
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 pricing strategies. The advantage of predictive rating tools to manage and maximize RFP efficiency and cost alignment. Request a SONAR Demo.
That’s where SONAR SCI Lane Acuity can add the most value and prepare enterprise shippers for true, future-ready bidding strategies. How to use data to stay strategic and lower costs across the board. . 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.
Packaged food companies are raising prices to offset (at least a portion of) the rising costs. FILL OUT THE FORM BELOW TO ACCESS A COPY OF THE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
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.
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.
One year ago, we wrote a whitepaper in which we estimated that the top five paper and packaging companies in the U.S. Packaging inflation is clearly part of a larger inflationary trend that has created headaches for shippers also facing higher costs for raw materials, labor, contract manufacturing and freight.
Meanwhile, national-branded consumer goods companies gained share from private labels during the pandemic and many are launching direct-to-consumer and subscription services looking to reduce their reliance on retail and reach their most loyal customers. FILL OUT THE FORM BELOW TO ACCESS A COPY OF THE WHITEPAPER.
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. Download the WhitePaper. It adds up to better control over trucking costs and improved throughput too.
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 cuttingcosts and capital expenditures at the expense of service levels.
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.
Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Download the WhitePaper.
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. The cost differential expanded to 22.7% Download the WhitePaper. in December.
Essentially, this means that all the costs associated with shipping come into play without any of the income-producing benefits of shipping. Download the WhitePaper. These tools assist in the reduction of unnecessary delays in freight management , as well as providing a more user-friendly interface. Request a SONAR Demo.
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. Download the WhitePaper. Reduce confusion in benchmarking and tracking performance.
Download the WhitePaper. Trucking carriers offer a variety of services to help maximize efficiency and increase profits by cuttingcosts, reducing dwell time and eliminating wasted movements. Request a SONAR Demo. Benefits of working with different carriers for different loads.
This means that companies with access to near-real-time data could potentially save by the elimination of lagging data. Lagging data, while better than no data at all, leads to unnecessary expenses and avoidable costs. Download the WhitePaper. Fuel and energy data also provide useful information in preparing a strategy.
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.
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. Repair costs within the fleet.
Wasting resources and assets cost managers a pretty penny. Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Waste matters in the shipping industry because every instance leads to higher freight costs. This will help in reducing rampant deadheading.
If these rates do not accurately reflect the market, they can cost shippers significant amounts of money. Asset-based carriers should ensure proper pricing alignment, which eliminates unnecessary expenditures and costs. . Additionally, real-time visibility eliminates unnecessary costs. Download the WhitePaper.
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.” Download the WhitePaper. Request a SONAR Demo.
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.” Download the WhitePaper.
Looking to Transportation Data to Help Lower Transportation Costs. Transportation spending is a perennial target of budget-cutting exercises, and a large, multi-faceted cost center for many companies; some may spend three to six percent of their materials costs on transportation. Invest in Technology.
Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. Download the WhitePaper. Expand bidding strategies based on data-driven market insights. Request a SONAR Demo. Request a SONAR SCI Demo. Data-driven insights provide a rubric for guiding RFP processes.
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.
LTL shipping rates would historically depend on freight class and the cost per hundredweight . In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Download the WhitePaper.
Transportation costs are among the most critical of these. Download the WhitePaper. 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.
Nothing in life comes for free, especially in the transportation and shipping industry where predictive freight costs carry so much weight. It cost money to make money and even to try and save money. Some of the biggest issues that may arise in this fashion include: Unexpected fees quickly add up and increase the cost of shipping.
Thus, reverse logistics management has developed into a discipline that produces costreductions, adds efficiencies and improves the consumer experience. BONUS: Download the Ultimate Guide to Transportation Reverse Logistics WhitePaper. 6 Benefits of an Effective Reverse Logistics System. Increased velocity.
Get your team on board with new strategies. Business leaders should work to share new strategies and process improvements with all staff. Download the WhitePaper. Reduce dock delays. Supply chain leaders can further apply shipping data to improve on-time shipping performance to reduce dock delays.
Embracing this new approach through a unified logistics technology stack will help streamline many daily processes and cut back on wasted resources. Over time, the smallest variations and redundant processes mean higher costs for supply chain planning and execution. Download the WhitePaper. Request a SONAR Demo.
Download the WhitePaper. 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. . To survive trends like these and to cutcosts as much as possible without cutting quality or losing capacity, changes must occur.
And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. If an enterprise chose to replenish stock based on outdated projections and supply chain KPIs , carrying costs could go through the proverbial roof. Download the WhitePaper.
Freight brokers are continually looking for the latest and greatest ways to add value and keep costs under control through new freight brokerage software. SaaS-based resources have fewer maintenance and development costs than an in-house platform. Download the WhitePaper. Request a SONAR demo online to get started. .
That includes seeing which lanes have the highest activity and will incur additional costs. Email and fax don’t cut it. Download the WhitePaper. PREDICTIVE RATES TO AVOID UNDERCUTTING MARGINS Freight spend is among the top costs for shippers. Request a SONAR demo online today. Request a SONAR Demo.
And for shippers, that means keeping costs under control and minimizing the rates. Download the WhitePaper. 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 WhitePaper. According to Supply Chain Digital , “A company that utilizes a global trade management system can expect to cutcosts, risks and delays associated with manual compliance and tracking efforts.” Improve, on average, profits while also reducing overall costs. Request a SONAR Demo.
Carriers simply need to know where to send trucks and the proper freight rating or pricing strategies to use. Download the WhitePaper. That will go a long way in reducing operating ratios and increasing fleet utilization. Request a FreightWaves SONAR demo by clicking the button below to get started.
Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. Ultimately, using supply chain predictive analytics is essential to driving down excessive spending and supply chain professionals’ costs. . Download the WhitePaper.
The needs to improve fleet asset utilization and to maintain better control over trucking costs are absolute. 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.
The ability to accurately predict both trucking and load execution costs or rates is a wonderful tool for all carriers. The costs of running an asset-based carrier may at times seem insurmountable. Download the WhitePaper. Request a FreightWaves SONAR demo today by clicking on the button below to get started.
Download the WhitePaper. Other effects in the air market are evident from industry insiders Air cargo rates from Asia to North America have been elevated compared to previous years since April, thanks to a reduction of passenger capacity and heightened demand for personal protective equipment. Request a SONAR Demo.
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