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More Resources Home October 22, 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. Freightos Air index data shows Middle East – N.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
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 SOX Compliance?
Here are 10 shipper of choice tips to help enterprises secure capacity and improve relationships with carriers, not to mention transportation brokers. Respond to issues, deviations and problems with data. Apply these shipper of choice tips to increase eligibility for this status with freight data at your fingertips.
Tracking market trends within truckload rates relies heavily on data and analysis. This kind of real-time data analysis and application is essential for shippers to stay strategic and tactical as they forecast out contract and spot truckload rates. Data-driven insights provide a rubric for guiding RFP processes.
Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Near real-time data. Near-real-time data in day-to-day operations keeps rates and capacity as accurate as possible. Integrated systems make applying data easier and faster than ever.
A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way. Understanding why rate forecasting is so vital and how accurate data and analysis can help improve predictions are essential. Download the White Paper.
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. Download the White Paper.
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. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Request a SONAR Demo.
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.
Successful supply chain management depends on the ability to collect data and apply it accordingly. As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. And major companies have taken notice.
You can: Onboard more customers or adjust and expand routes without the need for additional staff Empower your team to focus on sales, upsells, or new service offerings Use data import tools to seamlessly integrate existing customer data Essential CRM Features for Pest Control Businesses Route Optimization Efficient route planning is a game-changer.
WorkWave’s virtual booth will offer three types of experiences for its visitors: live sessions including demos, pre-recorded sessions to view on-demand, and one-on-one appointments with its Genius Booth staff and executive leadership team. Attendees will also find information on WorkWave’s: . Media Contact: Brittany Boyle.
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.
Supply chain security is something that all supply chain managers should be closely monitoring. Nowadays, you must also consider digital threats like data breaches and hackers. Nowadays, you must also consider digital threats like data breaches and hackers. How Blockchain Can Boost Your Supply Chain Security.
Being able to secure loads and maintain long-term shipping contracts is essential to keeping trucks full and keeping the fleet on the road. The problem looms large for shippers and managers across the supply chain network, but the answer is out there – better utilization of smart data and automated processes. Download the White Paper.
Blockchain’s tamper-proof nature eliminates any concerns over data validation, costs of managing data, time delays, and human errors. Decentralized data in blockchain also enables real-time visibility into the supply, applicable to optimized supply chain management. Instead of isolating data, shared data empowers all parties.
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. With automated data handling systems, supply chain operations can flow much more smoothly.
Shippers have been making it known that supply chain challenges stem from the difficulty securing capacity and that demand is as strong, if not stronger than it has been at any point during the COVID-19 pandemic. Even with some large ocean carriers pausing spot rates, that doesn’t mean capacity is going to be any easier to secure.
And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.
Enterprise shippers are looking for ways to capture and analyze more data Making the most of available technology has always been critical for fine-tuning a supply chain. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Download the White Paper.
More Resources Home December 6, 2023 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. Freightos Air Index data show that China – N.
Calculating LTL shipping is an essential part of rate negotiation and capacity procurement and is an important step in securing the best bids, marketing shipping rates and maximizing profit margins. Capture pricing data for LTL freight. Request a SONAR Demo. Request a SONAR SCI Demo. Download the White Paper.
That’s where data analytics comes in.” Gaining in-depth insights and current data about the supply chain, load statuses, and consumer demands can make it easier for enterprise sippers to adjust and plan. Thus, modern advances in data collection and analytics have made it significantly easier to automate this process.
More Resources Home April 16, 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 increased 69% to $6.17/kg
Adhering to Data Privacy and Security Laws Just as customer expectations have shifted along with technologys growing role in commerce and delivery, so have consumer protection regulations. The General Data Protection Regulation (GDPR) is a strong example, issuing regulations on data privacy for those in the EU.
More Resources Home November 28, 2023 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. Europe weekly prices increased 6% to $4.47/kg.
Some of the most common issues that arise from a lack of accurate transportation cost analysis and data tracking include the following: Inability to track data and respond to it in real-time. . Limited data sharing within the chain. Inability to secure profitable loads and orders. Download the White Paper.
Loaded domestic intermodal volume from LA to Chicago: Door-to-door intermodal spot rates to move 53’ containers, including fuel and any other surcharges: Whenever I discuss intermodal spot rates, I use the caveats that a small minority of loads move on the spot market, and it’s not clear from our data how much volume moves at those rates.
Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity. It always goes back to using data as a best practice for all aspects of freight management. Growing benefits of cloud utilization and the ability to tap into easy data access and storage.
Collect data and benchmark your carriers’ performance. Collect and benchmark carrier performance data. That might include collecting both internal data and using the resources available in SONAR, such as SONAR InGauge, to compare carrier data against the industry. . Request a SONAR demo online to get started.
More Resources Home December 19, 2023 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. Europe weekly prices increased 30% to $4.78/kg.
During last week’s FreightWaves LIVE @Home event, Product Manager Anastasia Martynovich’s 7-minute demo drew in the crowd and earned the “Best In Show” Award for the third consecutive time. But before we get into the details of the demo, let’s think about that fact for a moment.
Streamline data capture and analysis. Failure to use data and apply it accordingly within the fleet will lead to problems securing loads, offering competitive freight rates , and keeping drivers in trucks. Data for the sake of data is meaningless without proper, automated analysis and data capture.
However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels. Increase routing guide stability by getting the right data resources in your tech stack.
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.
Every shipping mode and method can benefit from access to accurate, real-time freight data. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Promote collaboration within the network.
Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. This helps to realize fewer tender rejections, increases an understanding for requests for proposal (RFPs) bringing optimal deals, and improves lead time planning to secure capacity procurement.
Using digital freight matching platforms is the best strategy to secure meaningful and practical capacity. Making meaningful use of truckload shipping platforms helps fleets secure higher capacity trucks and trailers. Throughout the years to come, accurate data analysis will remain essential for effective truckload shipping.
In a sense, it’s the application of data signals to create a list of preferred shippers. 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. And that means your company needs access to all the freight data available.
More Resources Home January 10, 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. China – N. Europe – N.
2021 trends will further reflect the necessity for data-driven decision-making After seeing some unexpected shipping trends last year, 2021 will make no difference in the long-term outlook unless carriers learn from their mistakes. Request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry. The Internet of Things (IoT) serves as a mean for connecting systems together, and Big Data analytics give supply chain leaders insight into granular data.
The current trends in maritime shipping data suggest increased shipment delays and further inflationary pressures on rates. The upward trend of maritime shipments gives advanced warnings to shippers to act earlier than anticipated to secure capacity. Request a SONAR Demo. Request a SONAR SCI Demo.
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