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The platform’s data-driven insights and yard management capabilities further optimize operations and support informed decision-making. Data-driven insights: Velostics platform provides valuable data analytics to optimize facility performance and improve operational efficiency.
Maintaining good compliance to these informational guides is critical to supply chain management and relies heavily on current data and automation. Missing data amounts to inevitable routing guide failures Data is king in today’s ever-changing market, and it is only becoming more vital for supply chain operations and management.
Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Data access to see savings compared to truckload and other shipping methods. Data accuracy can and does impact freight transportation in a significant way.
See the Suez Canal Custom Report in SONAR to keep an eye on how the blockade will impact inbound shipments into US ports. The report includes the Drewry World Container Index (Shanghai to Rotterdam), the Inbound Ocean TEUs Volume Index for the Port of Savannah, Inbound TEU Volumes). Request a SONAR Demo.
When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need.
Inbound volumes are traditionally softer prior to the storm, as carriers don’t want to be stuck in a potentially affected area, but will increase following the storm as relief efforts begin. Inbound volumes into the New Orleans market have surged, up 17% week-over-week (w/w), as the relief efforts have gotten underway.
The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. And where do companies start to leverage top KPIs in supply chain settings and enforce policies, such as the inbound routing guide? Request a SONAR demo today.
Time To Read: 3 minutes Are you struggling to measure the success of your inbound logistics? What are inbound and outbound logistics? Both inbound and outbound logistics involve the transportation of products across various distribution channels, however inbound logistics deals with supply and outbound logistics fulfill demands.
This week, learn how freight market participants, especially those freight parties who are executing refrigerated shipping moves, rely on SONAR indices that show reefer freight data and activity. What are the available refrigerated shipping indices in SONAR? The index is expressed as a percentage of loads rejected to total loads tendered.
And according to Inbound Logistics , “Measuring the rates being paid to the carriers against their quoted bid rates ensures carriers are honoring the rates offered in the bid. Collect data and benchmark your carriers’ performance. Collect and benchmark carrier performance data. Request a SONAR demo online to get started.
According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.
Orange = inbound volumes (supply). It shows outbound volumes increasing and inbound supply decreasing. Overcome the barriers to logistics foresight with a data-driven procurement strategy. And without seeing the snowstorm on the horizon, there are opportunities to capture and apply data to manage capacity more proactively.
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. There is typically more demand for inbound truckloads into Detroit than outbound truckloads.
Those data sets and use cases include: Freight market data to assist in negotiations with carriers. Contract freight rate data that is specific to the auto industry can be accessed using SONAR Supply Chain Intelligence (SCI). Request a SONAR Demo. Request a SONAR SCI Demo.
More freight brokers are turning to technology and transportation data to grow their businesses by understanding the true freight market rate. . It’s not solely about knowing basic rates – it’s about using freight data to make the best decisions for all loads – playing both the buy-side and sell-side aspects of freight brokering.
As reported by Inbound Logistics , “Shippers who unload efficiently and quickly without depending on driver involvement help carriers avoid poor trailer utilization or excessive trailer inventories.” Respond to issues, deviations and problems with data. Request a SONAR Demo. Focus on dock experiences for drivers.
Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus. In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. WHAT IS LANE ACUITY PLUS?
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. Leverage freight data analytics to simplify logistics management. Request a SONAR Demo.
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. The best way to stay strategic in today’s supply chain begins and ends with data. Request a SONAR Demo. Request a SONAR SCI Demo.
However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Headhaul indices provide insight into the balance of inbound and outbound freight Asset allocation remains a top-of-mind subject for carriers and asset-based freight brokers alike.
However, looking beyond the short-term and consider freight lane -specific data can go a long way to optimizing asset allocation and avoiding these risks. Headhaul indices provide insight into the balance of inbound and outbound freight Asset allocation remains a top-of-mind subject for carriers and asset-based freight brokers alike.
In a sense, it’s the application of data signals to create a list of preferred shippers. Increased lead time puts drivers first, explains Inbound Logistics. With the strong application of data, shippers can finally squeeze out additional efficiencies and make meaningful improvements to attain a designation of shipper of choice.
The action: prioritize carriers within the routing guide based on which are preferred for shipments, depending on origin/destination data. What is a routing guide : a set of rules and requirements from shippers that set rules for inbound and outbound shipping. Request a SONAR SCI Lane Acuity demo by clicking the button below today. .
Should] you just figure out if it should be 5% or 6% [without data]?” Unlike other tools in the market, the Lane Signal considers an abundance of data from multiple sources, not just dirty data that flows through one system like other industry tools. SONAR is near-real-time data. Request a SONAR Demo.
The current trends in maritime shipping data suggest increased shipment delays and further inflationary pressures on rates. Chart: SONAR: Inbound Ocean Shipments Index – China to USA: The number of ocean shipments being booked from China to the U.S. Request a SONAR Demo. Request a SONAR SCI Demo.
The data analyzed within today’s freight market goes back to the beginning of digital transformation. Contract versus spot data factors influence the profitability of all fleet assets. Both contract and spot market data factors influence the profitability of all fleet assets. Request a SONAR Demo. trucking market.
When freight market participants are able to get a leading indicator instead of historical data, they are able to proactively plan for assets needed, capacity, and the potential price of freight for drayage and surface transportation moves that head to inland markets after ocean shipments go from the port to roads. Request a SONAR Demo.
With decreasing carrier or trucking compliance come increasing transportation rates, which was reiterated several years ago by Inbound Logistics. There are many factors to consider, but regardless, the primary goal is to know how to capture data, apply it, and stay strategic with your contracts. Request a SONAR Demo.
Collaboration means parties must share data in real-time. That includes compliance with the inbound freight routing guide and outbound activities. An inbound routing guide may need extra sign-offs for delivery after-hours. They sort through prior quotes, invoices and shipment data to check invoice accuracy.
Usually, it’s a mix between inbound and outbound loads for shippers. What’s your mix between inbound and outbound loads? . FreightWaves SONAR provides the fastest freight market data in the world, across all major modes of traffic. Request a SONAR Demo. If the volume is too low it might lead to a polite good-bye. .
According to a report published by Inbound Logistics, only about 35% of shippers are currently using TMS and most of them are large companies. If you’d like a demo of the Cerasis TMS, we call the Cerasis Rater, simply fill out a request on our website here. Therefore, they should adopt TMS as soon as they can.
Judging from FreightWaves’ new Inbound Ocean TEU Volume Index (IOTI) and the recent Transportation Air Cargo Index (AIRUSD), that is not the only company choosing to fly versus ocean shipping of goods over the Pacific. And it all begins with getting the right data sources and insights at your fingertips to navigate the freight market.
One that is integrated with TMS offers more value for customers and better leverage when negotiating contracts with additional features providing the latest data. Make sure that the data is reliable and as real-time as feasible. TMS can provide supportive real-time data. The Basic Functionality of a Freight Rating System.
However, peer, market and historical freight invoice data can help, and it’s essential to know why. Freight management parties still struggle with limited, outdated data. Freight management parties may not know where to turn for meaningful, actionable freight data. At the same time, data is not created equally.
Outfitters expertise, along with these data-driven insights allow customers to find their best-fitting footwear. Inbound shipments include parcel, less than truckload, and truckload. I would sit through the demos, and I would think, how are these bots going to handle large orders that we routinely send our stores?
And to help carriers achieve that goal, this white paper will explore a few best practices to reduce operating costs, including: The importance of meaningful data capture. Prioritizing moves based on inbound and outbound data trends. Tracking and applying equipment data insights. Using data to streamline RFP processes.
That’s where point of sale freight data comes in to help supply chain leaders create a superior supply chain strategy. . Supply chain participants rely on FreightWaves SONAR to access tender data and point of sale spot rate data to recognize shifts in the market immediately. Want an easy win?
Let’s take a closer look at why it again harkens to the value of real-time data and how it adds value to the supply chain. All organizations are looking for ways to optimize their supply chains, and according to Inbound Logistics , energy management is the next step in supply chain optimization. Request a SONAR Demo.
A lack of data is the absolute villain in this scenario for brokers and all trading parties. Gather data for the analysis. Additionally, integrations into telematics for real-time data or connecting via IOT-enabled sensors bridge the disparities in various network assets, including equipment and individual pallets.
Freight management teams spend many resources responding to delays, issues, customer needs, data and marketing trends and shifting conditions with supply and demand. Using historical data, freight managers can identify when more inventory, human resources, trucks and revenue may be needed. That’s what happens. Download the White Paper.
Chart of the Week: Inbound Ocean TEUs Index – USA SONAR : VOTRI.URSE, VOTRI.URNE, VOTRI.URSW, VOTRI.URWT, VOTRI.URMW Southeastern dry van regional rejection rates — the rate at which truckload carriers turn down loads from contracted shippers — have surged past all other regions this summer, hitting their highest level since July 2022.
Using SONAR data in contract negotiations with carriers and 3PLs. . In addition, SONAR data could be used by retailers for strategic and longer-term decision-making, such as deciding where to locate warehouses and fulfillment centers. . SONAR data can identify tight relationships such as U.S.-bound Retail use case No.
The TMS used should be capable of handling various aspects of transport management including needs assessment, effective analysis, integration and management in addition to providing you visibility on inbound products, receiving, storing and distribution. History is the best teacher. Conclusion. MY.SHIPPING.
Request Demo. As further explained by Inbound Logistics , “carriers are provided access to the transportation management system (TMS) so they can select from a list of available appointment types and times. Streamline Freight Tendering by Sharing Customer Data From the Moment of Ordering. close Close. August 25, 2020.
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