FreightWaves SONAR

MARCH 30, 2021

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.

Compliance 98

Compliance Supply Chain Software Supply Chain Planning Software Data 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

APRIL 2, 2021

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

Purchasing Skills 98

Purchasing Skills Optimal Sourcing Sourcing Data 98

FreightWaves SONAR

NOVEMBER 16, 2020

“What’s the best way to use data to beat your competition as a freight brokerage business?” Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception.

Modeling Software 106

Modeling Software Logistics Network Optimization Software Supply Chain Software Data 106

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. Download the White Paper.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

NGT News

JUNE 10, 2024

Ten fuel cell Hilux pickup truck prototypes have now been built at the Toyota Motor Manufacturing UK (TMUK) facility in Derby, England. Five vehicles are undergoing field testing to assess safety, performance, functionality and durability, generating test drive data in real-world situations.

Demo 52

Demo Trucking Data 52

FreightWaves SONAR

JANUARY 21, 2021

Are you using your trucking assets as efficiently as possible? The needs to improve fleet asset utilization and to maintain better control over trucking costs are absolute. Loads per truck per week – Knowing these ratios will help highlight potential missed load opportunities within the network.

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 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

JANUARY 5, 2021

Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again.

Data 88

Data Price Reduction Freight Resource Reduction 88

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

FEBRUARY 11, 2021

Benchmarking standards within trucking fleets are continuously changing. As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.”

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

FreightWaves SONAR

DECEMBER 28, 2020

When it comes to planning RFPs and figuring out which carrier partnerships to pursue, shipping managers need to be aware of the various trucking carriers with availability. The value of diverse trucking carriers. Each provider offers unique services, coverages and perks depending on the trucking contract and carrier type.

Waste Reduction 105

Waste Reduction Trucking Cost Reduction White Paper 105

FreightWaves SONAR

APRIL 12, 2021

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.

Availability 98

Availability Data Supply Chain Planning Software Freight 98

FreightWaves SONAR

FEBRUARY 9, 2021

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. And it’s important to know why tendered, non-paid data can add so much weight.

Data 59

Data Supply Chain Design Software Trucking Logistics Network Optimization Software 59

FreightWaves SONAR

DECEMBER 22, 2020

With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.

Optimization Software 105

Optimization Software Optimization Tips Price Reduction 105

FreightWaves SONAR

FEBRUARY 15, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several operational-focused indices to aid asset-lite and asset-based carriers build trucking KPIs that will inform decisions that yield higher profit margins for those who run a trucking business. OPRAT is segmented into dry van, reefer and flatbed carriers.

Trucking 98

Trucking Expense Reduction Operations Purchasing Skills 98

FreightWaves SONAR

JANUARY 11, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several truck driver indices full of transportation data to aid carriers in staying ahead of any potential truck driver shortage within SONAR, the freight forecasting platform from FreightWaves. Truck to Driver Ratio (TDRAT).

Trucking 97

Trucking Procurement Analytics Modeling Software Demo 97

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

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. Connect with FreightWaves to request a SONAR demo or by clicking the button below to learn more.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

FreightWaves SONAR

MARCH 1, 2021

Asset-based trucking leads to several inevitable challenges. These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Pricing alignment makes for one of the more complicated challenges for asset-based trucking. Pricing alignment.

Expense Reduction 98

Expense Reduction Price Reduction Trucking Cost Reduction 98

FreightWaves SONAR

FEBRUARY 18, 2021

Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. Recruiting truck drivers is not only the top challenge for carriers, but it will always remain one of the highest priorities. The truck driver shortage and its relationship to the capacity crunch.

Waste Reduction 97

Waste Reduction Trucking Freight Optimization Software 97

FreightWaves SONAR

AUGUST 13, 2021

Shippers hoping for trucking rate relief in 2022 are going to be severely disappointed. The trucking freight market is one of the most volatile markets on the planet, especially since 2014. Before we talk about 2022, let’s give a quick primer on how supply and demand work in trucking. What is causing these massive swings?

Manufacturing Procurement 98

Manufacturing Procurement Trucking Purchasing Skills Ordering 98

FreightWaves SONAR

JANUARY 11, 2021

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.

Data 59

Data Capacity Optimal Sourcing Trucking 59

FreightWaves SONAR

JANUARY 19, 2021

Operational trucking charges and costs are nothing new. They derive from a confluence of factors, including truck industry volatility. To that end, here are the top steps for carriers to get more from their fleets and proactively manage operational trucking costs. But how can a trucking company achieve this goal?

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Trucking 98

FreightWaves SONAR

JANUARY 25, 2021

And the overall industry trucking trends imply an absolute need to grow more strategically. It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. Why outdated data hurts carriers in the short- and long-term. Download the White Paper.

Price Reduction 86

Price Reduction Data Supply Chain Software Supply Chain Planning Software 86

FreightWaves SONAR

JANUARY 25, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases several mileage-focused indices to aid carriers to build trucking KPIs that will inform decisions to optimize fleet utilization among other freight KPIs. Miles per Truck per Week (MILTR). Miles per Truck per Week (MILTR). Loaded Miles (%) (LOADM).

Optimization Software 98

Optimization Software Optimization Trucking Expense Reduction 98

FreightWaves SONAR

FEBRUARY 25, 2021

But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . This factor plays into net revenue per truck per week as well.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

FreightWaves SONAR

DECEMBER 21, 2020

Transportation analytics is among the most effective tools in trucking contract negotiations. Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. A common problem in the process of annual trucking contracts derives from limited network contracts.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

FreightWaves SONAR

APRIL 7, 2021

And the effects are becoming evident as trucking compliance with applicable routing guide requirements deteriorate. The truckload market appeared to be on a path toward stability with rejection rates sliding slowly through the first month of the year before winter storms disrupted trucking networks and shipper production cycles.

Negotiating Skills 98

Negotiating Skills Compliance Cost Reduction Trucking 98

The Logistics of Logistics

JUNE 23, 2022

Therefore, produce ready for shipping may be stalled due to a limited supply of equipment and trucks (hindering capacity procurement ), fewer drivers, and the pressure everywhere to move things faster, save money, and get it done without impacting the customer experience.

Supply Chain Planning Software 355

Supply Chain Planning Software Scenario Planning Cost Reduction Material Savings 355

FreightWaves SONAR

FEBRUARY 19, 2021

(Graphics created by Emily Ricks) There are many attributes to consider when considering a truck freight rate. And these fluctuations within the trucking market range from market volatility to the lack of real-time data. trucking industry is experiencing a shortage of drivers. This will increase the truck freight rate.

Freight 78

Freight Trucking Demo Cost Reduction 78

FreightWaves SONAR

FEBRUARY 1, 2021

This struggle can finally come to an end through the use of modern analytics and data management. One of the significant issues for any truck driver appears in the form of empty miles. Using analytics and data-driven tools , carriers can find more loads and avoid consequential expenditures, such as empty miles. .

Data 76

Data Price Reduction Cost Reduction Expense Reduction 76

FreightWaves SONAR

MARCH 15, 2021

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.

Optimal Sourcing 72

Optimal Sourcing Procurement Negotiating Skills Capacity 72

FreightWaves SONAR

FEBRUARY 22, 2021

In this edition of “SONAR Indices & Insights,” the SONAR team showcases trucking revenue benchmarking indices. This week, learn how executives who manage a trucking business are monitoring these SONAR revenue indices to benchmark trucking revenue and improve decision-making that yields higher profits.

Trucking 85

Trucking Procurement Analytics Demo Modeling Software 85

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

JANUARY 4, 2021

Among the shipper of choice tips, offering reliable delivery windows with accurate and on-time truck arrival, communications, and proper documentation will significantly strengthen that reputation. The best examples of shippers of choice provide services along several trucking routes. Give trucking carriers various shipping modes.

Tips 111

Tips Security Capacity Supply Chain Software 111

The Logistics of Logistics

FEBRUARY 11, 2022

Yard exceptions – Deliveries are often marked as completed because the shipment is within a certain distance of the destination when, in fact, the truck is sitting at a truck stop. Having to send emails, make phone calls, and interpret legacy data associated with past shipments compounds the level of complexity.

Optimal Sourcing 195

Optimal Sourcing Supply Chain Design Software Supply Chain Software Supply Chain Design 195