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This solution allows human resource managers to review performance against over 50 external workforce key performance indicators, access global market intelligence (including rates, talent supply and demand, and time-to-hire trends), and track progress across diversity and worker health and safety initiatives.
Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Market activity describes the nationwide and granular trends affecting available capacity, timeliness of transit and on-time, in-full deliveries. Request a SONAR Demo.
And part of that means tracking real-time truck location, gauging market trends and much more. Real-time data analytics that determine trends and unusual or inconsistent conditions The only way the freight market can ensure that activity is monitored is by utilizing real-time data analytics. Request a SONAR Demo.
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.
Of course, no disruption comes close to those that have been experienced to date in 2020. Yes, AI and machine learning build on algorithms to isolate historical trends and derive a likely transportation rate. And the past data trends are obsolete and rapidly becoming more so. Request a SONAR Demo. But this is 2020.
Seeing that trend indicates increased manufacturing or distribution activity, typical for the flurry of activity that accompanies spring. The best manufacturing supply chain teams can adapt and respond to changes in the market and use these trends to grow and improve their services. Request a SONAR Demo.
The ramifications can yield long-term effects and without the ability to track data trends over time, contract procurement becomes extremely challenging and almost impossible to predict. Seeing the long-term trends over time provides shippers with more options and a better understanding of density. Request a SONAR Demo.
Of course, that builds on staying atop marketing trends, which inevitably enrich profits and tender execution. Learn more about how your organization can better benchmark, monitor, analyze, and forecast freight trends through analytics by requesting a FreightWaves SONAR demo via the button below. Request a SONAR Demo.
The best way for people to gain the level of insight they crave is through high-frequency data, particularly insights into spot rate trends. Logistics industry conditions are inextricably linked to supply and demand trends in the overall economy, and spot rates are typically the first place those impacts become visible.
Trends come and go, needs wax and wane, and the one thing that stays the same is the reality that everything changes. Shifting to another route might add 60 minutes to the delivery time, but it also highlights a much better option than staying on course and being delayed for hours due to a weather anomaly. Request your demos below.
Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. Of course, there are many other trucking KPIs that frequently are utilized by managers to monitor fleet operations. Request a FreightWaves SONAR demo by clicking the button below. .
Cold chain capabilities are now a must-have to stay future-ready With vaccines for COVID at the forefront of transportation news, the focus has swung from fundamental truckload shipping trends to cold chain shipping. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.
Of course, it’s also beneficial to have additional ways to use technology . Remaining up to date on trends, innovations, technology and advancements. Learn more about how data can be your ally in routing guide compliance by requesting a FreightWaves SONAR SCI demo or clicking the button below today. Request a SONAR Demo.
The issue with recruiting and retaining truckers is that it is difficult to do so without understanding actual market trends and volatility. . Of course, increased profitability means knowing when to accept or reject a tender , and that information is invaluable for fleet asset management, including allocating equipment and drivers alike. .
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.
Within the ever-changing shipping and freight management market, there is an underlying need to know and understand shipping data trends running throughout the industry. Data collected with earlier methods gets used to recommend one or more courses of action on a point being analyzed. Get a demo of SONAR in action today.
Of course, it all depends on the ability to stay strategic. . Still, if they view the overall averages within FreightWaves SONAR, it’s much easier to navigate the freight market, and they can effectively know how carrier profitability is trending. Request a FreightWaves SONAR demo by clicking the button below to get started. .
More insight into overall trends in volume and rates lowers risk overall. Of course, a limited number of ocean servicers compared to truckload providers can make this challenging at best. Of course, that is only as valuable as the ability for such providers to leverage APIs. Request a SONAR Demo.
All of these indices contain data as far back as 2018, enabling you to see daily changes as well as historical yearly patterns and trends. Compared on the chart below are the rejection rates for the Phoenix, San Francisco, Lakeland and Detroit markets over the course of one year. The post Where Is the Freight?
SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Request a SONAR Demo. Request a SONAR SCI Demo. Source: SONAR).
Staying up to date with the latest trends and logistics metrics amounts to thriving through disruption. Adaptive scorecards also rely on the latest market trends and analytics insights to guide decision-making. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
Air shippers may shift their focus away from freighters – the pandemic trend of loading empty passenger planes with cargo. Of course, there’s probably a bit of wishful thinking there. To take the first step — even in a world of high fuel prices — reach out to Trans Audit to request a demo. Fleet Maintenance.
Courses in physics and electronics can be particularly beneficial, laying the groundwork for understanding electrical principles. Joining professional organizations, attending workshops, and participating in industry conferences can help you stay informed about the latest trends and innovations in electrical work.
Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.
We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. Demand forecasting helps you: Optimize inventory Align with your operational strategy Analyze demographic and product trends Surprise and delight customers Protect yourself against financial risks Prepare for peak season.
Of course, even shippers have problems. Get a demo. As noted by President of Global Supply Chain Solutions for Ryder, Steve Sensing, “We can solve in minutes what previously took hours, days, and weeks to course-correct. The ongoing pandemic also created a need for faster order to cash process capabilities.
It then creates a weighted average of all lanes to create a likely linehaul rate trend for the next year based on the influence of volumes within individual freight markets. It’s highly like a weighted calculation used to differentiate higher-intensity course curricula in an educational institution. . Request a SONAR Demo.
Of course, during that same period, many retailers performed extremely well. The retailers that performed the best over the past year were generally the ones that sold essential goods, such as food, or benefited from the trends of the hour, such as home repair. Identify surface transportation trends being driven by U.S.
These aren’t just any routes; they’re meticulously calculated courses designed to dodge delays, cut costs on fuel, and ensure timely deliveries across the board. By analyzing this live feed , retailers can spot trends, such as certain areas consistently causing delays or specific times when the demand spikes.
To achieve this: Analyze market trends: Stay updated with what competitors are charging and how they’re pricing their services. Get a free demo today ! Dive into industry books or online courses—practice makes perfect here. Looking to grow? Electrical Estimate FAQs How is electrical work calculated?
This, of course, means that streamlining those warehousing and fulfillment operations can drive profitability. Metrics and KPIs can (and should) be established to identify bottlenecks in the process, positive and negative trends, areas that are improving, and areas that need improvement.
According to McKinsey & Company : “The trend for product value chains to become more regionalized is also likely to accelerate, as companies reassess the risks of globally integrated asset networks and supply chains. These words carry added merit in the post-COVID-19 world.
Home April 1, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. And though Trump says hes decided on a course of action other reports have the administration vacillating still.
This trend was apparent in the increases in US trade with Mexico and Canada, and with alternatives in Asia like Vietnam, India, Taiwan and Bangladesh at the expense of Chinese imports to the US which declined from 20% of total US imports in 2018 to 13% in 2024.
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