FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

APRIL 12, 2021

One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes.

Availability 98

Availability Data Supply Chain Planning Software Freight 98

FreightWaves SONAR

DECEMBER 16, 2020

According to a 2016 McKinsey & Company report : “Data and analytics underpin several disruptive models. Introducing new types of data sets (”orthogonal data”) that can disrupt industries, and massive data integration capabilities can break through organizational and technological silos, enabling new insights and models.

White Paper 98

White Paper Data Freight Modeling Software 98

FreightWaves SONAR

MARCH 11, 2021

According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.

Optimal Sourcing 98

Optimal Sourcing Data Procurement Freight 98

FreightWaves SONAR

MARCH 10, 2021

In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of data source analytics and how well they stack up to the observed market conditions. Request a SONAR Demo. The post [WHITE PAPER] How to measure freight data analytics value and why backtesting proves it appeared first on SONAR.

White Paper 98

White Paper Data How To Freight 98

FreightWaves SONAR

SEPTEMBER 23, 2021

Shippers are at a disadvantage in negotiations with carriers and brokers unless they have adequate data and real-time information surrounding the freight market. Shippers’ main focus isn’t moving freight, it’s manufacturing the goods to be moved. Request a SONAR Demo. Request a SONAR SCI Demo.

Negotiating Skills 97

Negotiating Skills White Paper Data Demo 97

FreightWaves SONAR

MARCH 16, 2021

Mapping the trucking market assists freight market participants with a flurry of benefits. 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. These accurate depictions of the market come from the tracking of data.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

FreightWaves SONAR

NOVEMBER 24, 2020

Market dynamics of freight management can turn on a dime. 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.

Data 105

Data Supply Chain Planning Software Resource Reduction White Paper 105

FreightWaves SONAR

MAY 18, 2021

In general, the companies in the meat industry have among the most to gain from improving their freight efficiency, and we estimate that food companies with average margins and an average relative freight spend could save $300 for every $1 million in revenue by improving freight efficiencies by 1%. Request a SONAR Demo.

White Paper 90

White Paper Data Cost Reduction Price Reduction 90

FreightWaves SONAR

FEBRUARY 3, 2021

The freight market is always changing; that is why you need the freight forecasting platform with the most current data and insights. FreightWaves SONAR has near-real-time data – the fastest and freshest data available. Using old data in a volatile market can be very costly. Request a SONAR Demo.

Video 105

Video Freight Logistics Network Optimization Software Demo 105

FreightWaves SONAR

MARCH 25, 2021

Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logistics data and a decent amount of preparation. It is something that needs to be practiced more often when it comes to planning and predicting freight rates. Download the White Paper.

Scenario Planning 98

Scenario Planning Data Logistics Network Optimization Software Demo 98

FreightWaves SONAR

APRIL 8, 2021

Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.

Optimization Software 98

Optimization Software Optimization Data Supply Chain Planning Software 98

FreightWaves SONAR

APRIL 5, 2021

Tracking market trends within truckload rates relies heavily on data and analysis. Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

DECEMBER 22, 2020

Relying solely on manual shipping data analysis continues to yield poor results. And even the freight management analytics of five years ago do not necessarily respond well to today’s shifting and changing market. The old ways of recording, processing and responding to analytical data need a streamlined approach.

Logistics Network Optimization Software 105

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 105

FreightWaves SONAR

FEBRUARY 17, 2021

Mobile data can play a pivotal role in building the supply value chain. Mobile devices have functions that provide valuable data for the supply value chain. Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. Download the White Paper.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Negotiating Skills Negotiate Pricing 98

FreightWaves SONAR

FEBRUARY 4, 2021

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. Most freight managers are not qualified for this kind of operation, so forming partnerships with 3PLs is vital.

Waste Reduction 98

Waste Reduction Data Expense Reduction Cost Reduction 98

FreightWaves SONAR

FEBRUARY 25, 2021

A certain level of fees and freight rating expenses are standard in shipping and transportation. However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . ” This means knowing how a carrier or shipper approaches freight pricing. .”

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

MARCH 4, 2021

Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supply chain. Freight calculators can also help with budgeting to ensure suppliers, drivers, employees, and third-party members are all covered. Promote collaboration within the network.

Supply Chain Planning Software 130

Supply Chain Planning Software Freight Optimization Software Resource Reduction 130

FreightWaves SONAR

DECEMBER 15, 2020

What are the biggest contributors to freight spend? Is it freight pricing models, capacity constraints, lackluster carrier density or something else? And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best.

Scenario Planning 105

Scenario Planning Freight Supply Chain Planning Software Supply Chain Software 105

The Logistics of Logistics

JUNE 23, 2022

Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. As noted by DC Velocity , “ most freight forwarders, traders, and shippers expect more disruption in the 2022 third-quarter peak season than they felt last year.

Supply Chain Planning Software 361

Supply Chain Planning Software Scenario Planning Cost Reduction Material Savings 361

FreightWaves SONAR

JANUARY 21, 2021

Staying focused on goal-oriented freight KPIs can go a long way to help. Capture and analyze data inside and outside of your network to benchmark performance. The biggest barrier to efficiency in supply chain agility rests with an inability to see, capture or analyze freight data. Download the White Paper.

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 98

FreightWaves SONAR

MARCH 11, 2021

Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supply chain network. Streamline data collection and analysis.

Data 98

Data Supply Chain Planning Software Supply Chain Software Expense Reduction 98

FreightWaves SONAR

FEBRUARY 10, 2021

Many of the most beneficial tools come from the utilization of data and analytics. Data and analytics provide carriers with an incredible wealth of information that has proven to bolster revenue and profits. How carriers create data-driven pricing strategies. Request a SONAR Demo.

White Paper 98

White Paper Optimization Software Data Price Reduction 98

FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

FreightWaves SONAR

JULY 24, 2023

Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Measuring performance with transportation KPIs and freight data is getting easier. Budgeting and managing freight costs are critical to overcoming any disruptions and increasing profitability.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

FreightWaves SONAR

APRIL 9, 2021

Due to the ramifications of the COVID-19 pandemic over the last year, the freight business has experienced marketplace volatility. According to PS Market Research , shippers and freight management parties expect to see a tremendous growth rate of 8.0% Checking incoming freight from the source is vital.

Refrigeration 93

Refrigeration Freight Optimal Sourcing Negotiating Skills 93

FreightWaves SONAR

NOVEMBER 23, 2020

Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Since they act as both carriers and shipper-like entities, the right blend of freight broker resources is essential to maximizing value. Near real-time data. Market intelligence tools.

Resource Reduction 98

Resource Reduction Security Capacity Freight 98

FreightWaves SONAR

MARCH 9, 2021

These short-haul trucks deliver FTL or LTL freight loads between one form of transport and another.” H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Download the White Paper. Back-ups do occur, especially during peak shipping seasons.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

FreightWaves SONAR

MARCH 23, 2021

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Avoid destinations with a lower likelihood of an empty backhaul One significant aspect of freight management to consider is the risk of empty backhauls.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

FreightWaves SONAR

FEBRUARY 4, 2021

Optimizing truckload freight spend is essential in today’s freight market. As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Download the White Paper.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

FreightWaves SONAR

JANUARY 7, 2021

Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through good and bad times. Achieving that goal hangs on a carrier’s ability to capture meaningful data. Autonomous processes are only as valuable as the data that powers algorithms and decision-making.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

FreightWaves SONAR

MARCH 16, 2021

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.

Data 97

Data Supply Chain Software Efficiency Logistics Network Optimization Software 97

FreightWaves SONAR

NOVEMBER 12, 2020

There are many aspects of day-to-day shipping processes that any freight broker must monitor. According to TruckingInfo.com , “Some envision technology in the freight market doing what Uber and Lyft have done in the ride-sharing market or Airbnb in the vacation market. Transportation costs are among the most critical of these.

Supply Chain Software 98

Supply Chain Software Optimization Software Logistics Network Optimization Software Freight 98

FreightWaves SONAR

APRIL 9, 2021

With all the advances in technology and a continuous need to just do more with less, it’s imperative for shippers to start by assessing the quality of their basic data and analytics tools. And the freight routing guide is the best place to begin. And it’s applicable across all forms of freight, including produce , electronics and more.

Freight 98

Freight Supply Chain Design Software Resource Reduction Vendor Strategies 98

FreightWaves SONAR

MARCH 8, 2021

The abundant data sources can make the process of assessing the market more difficult than necessary. Shippers and carriers should make more definitive decisions in selecting their data sources. Because data sources matter to assess accurately and objectively the over the road trucking market. . Download the White Paper.

Sourcing Strategies 98

Sourcing Strategies Optimal Sourcing Sourcing Data 98

Freightos

MARCH 12, 2024

More Resources Home March 12, 2024 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. America weekly prices fell 20% to $3.97/kg

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Demo Data 127

FreightWaves SONAR

NOVEMBER 10, 2020

When it comes to establishing truckload freight quotes for customers, it is essential to use automation to get the most accurate results and offer the most competitive rates. To that end, let’s take a closer look at the value of truckload freight quotes that use automation. Automated truckload freight quotes reduce delays.

Supply Chain Software 104

Supply Chain Software Automation Supply Chain Planning Software Freight 104