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This “SONAR highlight reel,” which we plan to publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. That has put intermodal further out of reach for spot shippers in the lanes outbound from L.A. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Spot rates continue to rise as freight flows to the spot market – particularly on the West Coast. These declines are concentrated in the outbound L.A. Request a SONAR Demo.
And to help carriers achieve that goal, this whitepaper will explore a few best practices to reduce operating costs, including: The importance of meaningful data capture. Prioritizing moves based on inbound and outbounddata trends. Tracking and applying equipment data insights. Visualization capabilities.
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.
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 WhitePaper.
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. Far too often, there is a severe lack of real-time logistics data to work with during this process. Download the WhitePaper.
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.
True optimization applies data to ensure all decisions and processes are carried out to their fullest potential. Leveraging data for continuous improvement makes transportation optimization more synonymous with managed transportation. Transportation optimization is part of enabling proactive supply chain management.
The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. Since on-time delivery accounts for both inbound and outbound freight , it has a natural effect on the full supply chain. Download the WhitePaper. On-time deliveries.
Remember, it’s not all about outbound loads either. Usually, it’s a mix between inbound and outbound loads for shippers. What’s your mix between inbound and outbound loads? . Download the WhitePaper. FreightWaves SONAR provides the fastest freight market data in the world, across all major modes of traffic.
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.
Should] you just figure out if it should be 5% or 6% [without data]?” In our recent whitepaper , we discussed the growing importance of carrier utilization. SONAR is near-real-time data. A lot of tools that carriers use are a month or more in the rear, as a lot of rating tools are based on 90+ day invoice data.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. Implementing new technology is a complicated process, but it can be simplified as follows: Integrate systems that control both inbound and outbound freight.
The data analyzed within today’s freight market goes back to the beginning of digital transformation. Download the WhitePaper. 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.
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. Download the WhitePaper. Request a SONAR Demo.
Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. In fact, logisticians should consider these top five use cases of increased visibility and data within logistics and how they improve throughput. Download the WhitePaper.
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.
You can benefit from automated packing and shipping processes, such as the use of a transportation management system , for a more efficient outcome and flow around the warehouse on the outbound side of getting out product to your customer. Bonus: Logistics Service Level Agreement and Logistics Key Performance Indicators: A WhitePaper.
The Ocean TEU Index measures booking requests for capacity, much like the Outbound Tender Volume Index (OTVI) does for domestic trucking. Download the WhitePaper. And it all begins with getting the right data sources and insights at your fingertips to navigate the freight market.
Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Outbound freight costs as percentage of net sales. On-time pickups.
For companies that have a dedicated transportation department it’s safe to assume it is where the inbound and outbound freight is controlled. Download the WhitePaper. Whether you’re working from the office or from home, SONAR can provide you the data and intelligence you need to stay ahead of your competitors. .
The Guide to Proactive Inbound, Outbound, and Reverse Enterprise Parcel Management. Get Your Free WhitePaper Today. 3) Local Data Integration Transportation execution requires connectivity and real-time access to order data to reduce and eliminate manual data entry and the errors that that can bring at the point of shipping.
Collaboration means parties must share data in real-time. Download the WhitePaper. That includes compliance with the inbound freight routing guide and outbound activities. They sort through prior quotes, invoices and shipment data to check invoice accuracy. But modern supply chains are super-complex.
Trucking has a decisive advantage on shorter, irregular runs moving in or out of less populated regions, which are also core reasons to view lane-by-lane market data too. . Download the WhitePaper.
For instance, as carrier rejection rates increase in outbound tenders, shown above, rates will climb, and predictions within the current FWS7.USA Download the WhitePaper. It’s seeing and applying analytics data from across the network to combine smaller shipments into the next higher class or mode.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download WhitePaper. The emergence of cloud-based platforms and Big Data increases forecast accuracy, eliminates unnecessary stock, and achieves truly optimized slotting designs. GET YOUR COPY HERE.
So, it’s equally valuable to know the constraints and to apply data to overcome them with mini-bids. And lane-by-lane insights are critical to account for that disruption among raw material suppliers and the flow of outbound freight. Download the WhitePaper.
Large operations – airports, armies and even mall security – all rely on one control room that aggregates data, converts it into insights and aids decisions. As the concept developed, it extended beyond managing inbound and outbound flows. End to end data transparency. Real time information. Take control!
Download WhitePaper. Describe the Outbound Transportation This description covers the movement of an outbound load from the company premises/warehouse to the customer’s destination. It is a hands-on activity which relies on real-time data. The Freight & Transportation Management Trends to Know in 2018.
As explained by Dan Goodwill via Canadian Shipper, the problem goes much further than that, including lacking compliance management, subpar, if any, use of transportation management systems (TMS, and failure to utilize granular shipment activity data. Full Truckload WhitePaper Series. Download Here. New Series.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. It’s easy to assume logistics is simply freight shipping , but it includes inbound and outbound processes, order fulfillment, performance measurement, compliance with regulations and more.
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.
WHITEPAPER] The Guide to Proactive Inbound, Outbound, and Reverse Enterprise Parcel Management. Download whitepaper. Look for an off-the-shelf solution that uses data analytics to drive value. Data analytics are critical in all modern business. The system must include data analytics.
The FreightWaves’ SONAR data shows the Outbound Tender Volume Index (OTVI) remains up 25% year-over-year, hardly falling from its pre-July Fourth peak. How should a shipper read this data as a user or prospective user of SONAR? HOW MUCH DO PAPER AND PACKAGING COMPANIES SPEND ON TRANSPORTATION?
In a VMI model, part of the equation is the inbound & outbound flow of the inventory. If you are looking to optimize VMI in regards to transportation management, contact Cerasis today to speak to one of our Account Executives or read our whitepaper on Inbound Freight Management.
Let’s take a closer look at the problem with trying to manage over the road (OTR) modes through traditional, manual data entry and freight scheduling versus using a TMS. Download WhitePaper. Paired with value-added services, a quality TMS can transform outbound and inbound logistics into a turnkey operation.
Shifting modes from LTL freight to truckload freight on the initial outbound leg of the shipment consolidates all of the orders into one master bill of lading, reducing costs. Applying the above optimization practices requires data analytics and tech-driven solutions powered by industry experts.
Another driver is the companies that invested in TMS 10 years ago to 20 years ago and now want Cloud-based systems that come with modern-day bells and whistles like data analytics and transportation optimization capabilities. “A That data can be used to make better decisions. rate acceptance, carrier dispatch, etc.)
Download the WhitePaper. For carriers to stay strategic, they must recognize that demand is growing and apply trucking data to plan accordingly. However, it does represent a need to have more accurate and timely data when making any decision. It accelerated e-commerce expansion, unlike anything in history.
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