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5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Recognize that not all loads are as lucrative as meets the eye, letting data do the talking Benchmarking may be the first step, but the next focuses on identifying the less-lucrative loads.

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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. And that may very well include outsourcing to 3PLs, brokers or other transportation providers as needed, explains the Harvard Business Review. Think about it. And it’s essential to understand why. .

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7 Ways to increase truckload carrier revenue using data and analytics

FreightWaves SONAR

This struggle can finally come to an end through the use of modern analytics and data management. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. . KNOW WHEN TO OUTSOURCE LOADS TO REGIONAL AND LOCAL CARRIER NETWORKS. Request a SONAR Demo.

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Understanding the Issue of Supply Chain Fragmentation

Shipchain

As businesses continue to expand, outsource, and enter new markets, supply chains will continue to increase in complexity. A huge percentage of companies are still using outdated modes of data management like spreadsheets and sometimes, even pen and paper, meaning that data is siloed, incohesive, and can be unreliable.

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PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance

The Logistics of Logistics

Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. What Is SOC Compliance?

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Shippers: Have you considered contracted or outsourced fleets?

Locus

Even the industry’s titans, who boast sizable in-house fleets, often find themselves outsourcing orders to third-party carriers due to overwhelming volumes and the absence of logistical infrastructure in specific areas and countries. Cost Efficiency: Outsourcing deliveries can provide a breath of relief to shippers.

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Owned Vs Outsourced Fleet: What’s Best for Your Fast Retail Business

Locus

Owned or outsourced fleet? Owned vs. Outsourced fleet: The dilemma for retail businesses. Amid lockdown restrictions and driver shortages, many companies relied entirely on the outsourced fleet during these chaotic times. Retail businesses that need the best of in-house and outsourced fleets are opting for hybrid fleet models.