FreightWaves SONAR

MARCH 26, 2021

(Graphics created by Emily Ricks) Responsible freight management parties have a duty to understand how their enterprise goals impact others. These include: Risk of higher freight spend through waiting costs. USA and IMCSIF.USA to prioritize your use of intermodal based on accurate freight market rates.

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

FreightWaves SONAR

FEBRUARY 5, 2021

A poor or negative cash position can cause executives to look at how to reduce expenses to survive. For instance, another key to increasing profit margins and lowering costs is to monitor drivers’ turnover rate and the percentage of revenue paid to brokers, among other leading freight KPIs. Request a SONAR Demo.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

FreightWaves SONAR

NOVEMBER 19, 2020

They discuss how to use freight data to improve conversations and build trust with your customers. While reefer tender rejections are high nationwide, there are key areas of the country that shippers are having the hardest time getting their freight covered. Request a SONAR Demo.

Video 92

Video Data Freight Demo 92

FreightWaves SONAR

JANUARY 19, 2021

Instead, carriers need to incentivize their freight with realistic rates for their drivers. And having access to freight data on the fly is critical to maximizing asset utilization and load profitability. Request a SONAR Demo. The post Operational trucking costs: how to get more from your fleet appeared first on SONAR.

Cost Reduction 98

Cost Reduction Supply Chain Planning Software Optimization Software Trucking 98

FreightWaves SONAR

MARCH 18, 2021

Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. With mini-bids, carriers have an opportunity to focus more time and resources on specific lanes, improving the balance of their freight networks. Request a SONAR Demo.

Manufacturing Procurement 91

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 91

FreightWaves SONAR

MARCH 23, 2021

However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Avoid destinations with a lower likelihood of an empty backhaul One significant aspect of freight management to consider is the risk of empty backhauls. Download the White Paper.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

FreightWaves SONAR

MARCH 16, 2021

What’s next for the freight industry around digital transformation? How to think about digital transformation in the supply chain. Today Justin and I will have a discussion about the push towards digital transformation in freight, logistics, and the supply chain. Request a SONAR Demo. Is it hiring a team of IT folks?

Supply Chain Software 98

Supply Chain Software Supply Chains Digital Logistics Network Optimization Software 98

FreightWaves SONAR

DECEMBER 16, 2020

To help brokerages understand the value and application of data, this white paper will explore: The benefits of actionable data insights for freight brokerages. How to apply data to maximize load execution and profitability. Request a SONAR Demo. The importance of tracking market signals to manage rates.

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White Paper Data Freight Modeling Software 98

FreightWaves SONAR

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. It’s often a time-consuming process that is difficult for many freight brokers and freight brokerage businesses. It’s a label freight brokers slap on all companies shipping freight. 6 Tips to source freight broker leads. #1:

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Sourcing Strategies Purchasing Skills Sourcing Tips 105

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

DECEMBER 23, 2020

Freight brokers have had to quickly switch from expense accounts to cameras. Here are five freight broker prospecting tips from the TV production crew at FreightWaves to help you out with looking and sounding your best on video sales calls. . 5 Freight Broker Prospecting Tips Using Video Sales Calls.

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Tips Video Freight White Paper 96

FreightWaves SONAR

DECEMBER 8, 2020

Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . And it will extend beyond the four walls of your business to freight brokers and more. As such, it may be necessary to conduct additional training for new freight brokerage software or other resources.

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Data Resource Reduction Cost Reduction How To 82

FreightWaves SONAR

NOVEMBER 11, 2020

The best freight brokers ask the right questions in freight broker sales when prospecting for new business. Listed below are essential tips on how to qualify prospects at the beginning of your sales process. Listed below are essential tips on how to qualify prospects at the beginning of your sales process. Load volumes .

Freight 118

Freight Outbound White Paper Logistics Network Optimization Software 118

FreightWaves SONAR

SEPTEMBER 16, 2021

It has reached such a critical point that increased demand is driving shifts into the air freight market. While congestion at the ports is just one factor impacting shippers, the ability to secure containers is forcing shifts in how goods are being moved across the Pacific Ocean. Request a SONAR Demo. Request a SONAR SCI Demo.

Freight 98

Freight Supply Chain Planning Software Outbound Manufacturing Procurement 98

Shipchain

MARCH 13, 2019

This allows supply chain leaders to ensure consistency across activities, and if a problem does arise, data retained in the blockchain reveals why, how and what to do about such issues. Payment Management Forms Another Key Freight-Use for Blockchain-Based Systems. Freight shipped sooner for shippers and carriers.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

FreightWaves SONAR

MARCH 12, 2021

Monitoring freight market activity is an integral part of supply chains. Industry-wide and granular freight market data capture capabilities When capturing data from the freight market, carriers need to collect it from every available market and use this information to make improvements for their companies.

Supply Chain Software 97

Supply Chain Software Optimization Software Logistics Network Optimization Software Tools 97

MTS Logistics

JUNE 24, 2022

In shipping, documentation, freight insurance, terminal problems, and trucking shortages are just a few of the problems we face today. Hapag-Lloyd recently announced the demo of e-bill of ladings that have been used in recent months. But the biggest issue to address in the documentation category is the bill of lading (BL).

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Document How To Cost Reduction Cargo 103

FreightWaves SONAR

DECEMBER 10, 2020

Some of the most cost-effective software and methods supply chain professionals and the best freight brokers can adopt are supply chain predictive analytics programs. Part of successfully implementing supply chain predictive analytics is knowing how to wield these tools properly. Train all team members on how to apply those insights.

Supply Chain Planning Software 95

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 95

FreightWaves SONAR

APRIL 6, 2021

Figuring out how to improve annual request for proposal (RFP) bidding strategies remains elusive for many shippers, especially in the context of knowing when to expand the network to leverage freight consolidation. The process typically starts with gathering data from their freight payment provider or system.

Cost Reduction 78

Cost Reduction Price Reduction Strategy Freight 78

FreightWaves SONAR

APRIL 5, 2021

Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. Download the White Paper.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

MARCH 15, 2021

The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions of dollars on freight shipping. SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

RPA Labs

MARCH 10, 2022

Although automated document processing platforms often advertise cookie-cutter packages, it’s important for freight companies to first examine their own needs before trying to fit in the offerings of a platform. When buying RPA for supply chain needs, freight forwarders should consider the intelligent document automation abilities it holds.

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Supply Chain Software Document Logistics Network Optimization Software Automation 79

Blue Grace Logistics

JUNE 17, 2021

According to DAT Freight & Analytics, van load-to-truck posts are up 219% over prior year, signaling that there is massive demand for more truck drivers. How To Retain Truck Drivers: It’s time that employers go above and beyond and help with other defining retention factors. Want a free BlueShip Demo? Better Pay.

Supply Chain Planning Software 62

Supply Chain Planning Software Trucking How To Logistics Network Optimization Software 62

Ship Monk

SEPTEMBER 14, 2022

How to Calculate Beginning Inventory. For eCommerce manufacturers , this number includes the cost of the raw materials used, freight and storage costs, direct labor, storage, and all manufacturing costs including indirect labor, overhead, depreciation of machinery, utilities, etc.

Inventory Reduction 98

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 98

RPA Labs

FEBRUARY 10, 2022

Freight costs are rising faster than experts expected. As domestic truck rates increase, international trade freight costs will most likely escalate too. Shippers and freight forwarders are turning to AI for shipping document automation to stay competitive in price and efficiency. . Automatically Classify All Documents.

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Document Supply Chain Software Automation How To 74

FreightWaves SONAR

JANUARY 26, 2021

Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricing strategies. However, this is about a different type of freight load balancing-the balancing of assets. Defining freight load balancing. For carriers, it’s all about balance.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

FreightWaves SONAR

NOVEMBER 30, 2020

Big data provides an opportunity to gain those insights, especially during volatile freight markets. Thus, supply chain leaders need to know how to apply that data with these top 10 supply chain KPIs. It is simply the sum of all freight under management (FUM) divided by the total number of loads. Download the White Paper.

Supply Chains 69

Supply Chains Freight White Paper Demo 69

FreightWaves SONAR

DECEMBER 2, 2020

On this episode of #WithSONAR, co-hosts Luke Falasca and Kyle Taylor discuss how to automate workflows, improve service levels and expand operations for asset-based carriers. They discussed how Zaro Transportation leverages SONAR to improve and increase its business. Request a SONAR Demo.

Video 97

Video Optimization Software Optimization Supply Chain Software 97

FreightWaves SONAR

MARCH 17, 2021

How effective are you at lane-by-lane planning and getting deep insights to aid in freight spend planning, mini-bids, and other long-term contracts in your organization? How contract data amounts to tactical bidding management. How to use data to stay strategic and lower costs across the board. . Request a SONAR Demo.

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White Paper Analysis Cost Reduction Transportation 98

FreightWaves SONAR

DECEMBER 28, 2020

Throughout most freight shipping chains, there are four types of providers offering services through requests for proposals (RFPs), such as full truckload RFPs and less-than-truckload RFPs and similar contractual agreements. How trucking carriers and RFPs fit together. Download the White Paper.

Waste Reduction 105

Waste Reduction Trucking Cost Reduction White Paper 105

FreightWaves SONAR

FEBRUARY 10, 2021

To help carriers learn how to apply and deploy data more effectively, this white paper will explore: The uses of data to allocate and manage assets. How carriers create data-driven pricing strategies. Request a SONAR Demo. Many of the most beneficial tools come from the utilization of data and analytics.

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White Paper Optimization Software Data Price Reduction 98

FreightWaves SONAR

MARCH 24, 2021

Brokerage leaders are turning to this strategy for their freight business. Many small and medium-sized brokerages find themselves entering the freight brokerage market with a specialized niche. While it is possible to continue revenue growth, you work extremely hard during down periods in your freight business just to remain stable.

Freight 72

Freight Price Reduction Cost Reduction Inventory Reduction 72

FreightWaves SONAR

MARCH 25, 2021

Routing guides are a universal source of carrier freight tendering and action. They apply to all freight parties and are regularly updated to ensure that shippers can keep freight spend under control. From the pandemic through winter weather, disruption can mean a complete halt to freight movements overnight.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

FreightWaves SONAR

APRIL 7, 2021

Spot rates are much more volatile and represent roughly 10%-20% of the for-hire truckload market freight volume. Most of the freight moves under a more consistent pricing structure or “ contract ” rates. This index largely consists of long-term contracted freight rates and excludes loads under 250 miles. Request a SONAR Demo.

Negotiating Skills 98

Negotiating Skills Compliance Cost Reduction Trucking 98

FreightWaves SONAR

JANUARY 28, 2021

As 2021 begins, new growth and adjustments need freight managers’ attention to start the recovery process. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Unbiased insight and suggestions highlight what third-party strategists provide to freight and logistic managers.

Waste Reduction 105

Waste Reduction Resource Reduction Price Reduction Cost Reduction 105

Parade

JANUARY 26, 2021

tl/dr - Don’t buy software-especially anything around “freight tech”-if your vendor can’t show you exactly what impact you’ll get and which knobs to tune. but there is one reason that is particularly relevant to freight brokers as they think about how to use technology to create an advantage vs. their peers. Inputs vs. Outputs.

Freight 78

Freight Digital Examples Blog 78

Parade

JANUARY 26, 2021

tl/dr - Don’t buy software-especially anything around “freight tech”-if your vendor can’t show you exactly what impact you’ll get and which knobs to tune. but there is one reason that is particularly relevant to freight brokers as they think about how to use technology to create an advantage vs. their peers. Inputs vs. Outputs.

Freight 78

Freight Digital Examples Blog 78