This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Sean Smith and Joe Lynch discuss scaling your SMB freight brokerage. Sean is VP of Product at Denim , a trusted freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data. The role of freight factoring and back-office solutions for managing finances.
Kevin Coomes and Joe Lynch discuss navigating the freight downturn in the logistics and transportation space. About Kevin Coomes Kevin Coomes , the Vice President of Sales at Greenscreens.ai, is an accomplished freight tech professional with over 15 years of sales, business development, and start-up experience spanning two countries.
Flexibility in a Volatile Market: As pricing and freight capacity fluctuate, procurement professionals need to adjust rates quickly without lengthy RFP processes. This innovation is part of Freightos’ vision for comprehensive freight digitization, bolstered by its acquisition of Shipsta. Why Rate Refresh?
Corey spent over a decade at STG Logistics, the nation’s leader in containerized freight, and XPO Logistics, where he built operational, financial, and back-office solutions to help companies and users across the globe. for more information and to schedule a demo. Visit www.portpro.io
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Monitoring freight market activity is an integral part of supply chains. Carriers must have state-of-the-art tools and technology to track and manage unusual and inconsistent activity in near-real-time. But what are these tools? Unfortunately, interpreting the data received is never straightforward. Download the White Paper.
Disruptions have become the norm, rather than the exception, and the only organizations that can thrive in this new reality are those with the right tools. Many of these tools are excellent at solving specific problems whether it’s procurement automation, rate management, or market intelligence.
Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools.
Capacity Management for Freight Agencies? This feature shines a light on Parade’s capacity management for freight agents. Here’s Why Many Capacity Management Tools Don’t Serve Freight Agencies Not too long ago, capacity management simply didn’t work for freight agencies that provide logistics solutions to their agents.
And even the freight management analytics of five years ago do not necessarily respond well to today’s shifting and changing market. And that all begins with deploying advanced freight management analytical resources and tools that actively work to lower all risks, ranging from detention through final mile management.
Matrix Creator: The Smarter Way to Structure Freight Costs At the heart of this update is the Matrix Creator, designed to generate freight matrices with customizable parameters based on historical shipment data. Even more valuable is the synergy with the Freight Matrix App. STILL CURIOUS? Explore WANT TO TALK TO US?
His time abroad has given him the tools to understand not only the U.S. Symtraim Demo. Does role playing work in freight? – Companies for three years in a row. With this exponential success, Lean has expanded its footprint into almost every major city throughout Colombia. Symtraim LinkedIn.
Optimizing truckload freight spend is essential in today’s freight market. Knowing the following key tactics and using the proper tools will help sustain long-term savings. Performing freight audits regularly will track accessorial costs such as these and show which types of extra activities may incur added charges.
A spot rate benchmarking tool has become an essential application for brokers, carriers and shippers to have at their fingertips. Capacity procurement reps can determine when to cover their loads and have more tools in negotiation to ensure they are hitting their margin targets.
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.
Asset-based carriers have found using predictive freight rates improves their business. The ability to accurately predict both trucking and load execution costs or rates is a wonderful tool for all carriers. It’s all about digital transformation and how companies can better position their assets through freight management analytics.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Leadership Perspective We’re not just changing a name.
And despite freight market volatility, the freight market continues expanding. According to Globe News Wire , “The Freight and Logistics Market are estimated to grow at a CAGR of approximately 5% during the forecast period.” Connect your scorecard resources to freight forecasting platform tools, such as SONAR Lane Scorecard.
With all the advances in technology and a continuous need to just do more with less, it’s imperative for shippers to start by assessing the quality of their basic data and analytics tools. And the freight routing guide is the best place to begin. And it’s applicable across all forms of freight, including produce , electronics and more.
Co-hosts Kyle Taylor and Luke Falasca focused on freight forecasting during COVID-19 on this episode of #WithSONAR. Know more, faster – and find just what you need with SONAR’s freight intelligence around the activities and hallmarks of the freight market! Get a Demo of SONAR's Lane Scorecard.
Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Since they act as both carriers and shipper-like entities, the right blend of freight broker resources is essential to maximizing value. Market intelligence tools. Near real-time data.
Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supply chain. Freight calculators can also help with budgeting to ensure suppliers, drivers, employees, and third-party members are all covered. Why are logistics calculators so popular.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. Achieving this high ranking among consumers and clients becomes more attainable when modern automation and tools are utilized. Request a SONAR Demo. Request a SONAR SCI Demo.
This is particularly true for freight brokerages. More companies turning to 3PLs to get their loads covered combined with , extreme competition for freight brokerage talent means that brokerages have to be on top of their game to hire the right people to get the job done. Hiring in this market is hard!
This is particularly true for freight brokerages. More companies turning to 3PLs to get their loads covered combined with , extreme competition for freight brokerage talent means that brokerages have to be on top of their game to hire the right people to get the job done. Hiring in this market is hard!
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. Knowing exactly what’s going on and when it’s going on is the most valuable tool in a supply chain operations arsenal. Request a SONAR Demo.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Freight consolidation (commonly referred to as retail consolidation, or simply consolidation) is not a new concept. Those are the founding principles behind SONAR SCI Lane Acuity.
This leaves shippers, carriers and freight managers alike vulnerable to disruption. Embracing a new and improved interoperability-driven approach that applies advanced logistics technology helps freight management parties realize improved profit margins. According to The Enterprisers Project , “RPA is a form of?business
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
On the episode you’ll hear: How does Ed define the industry question: “what is digital freight matching?”. Is newtrul a digital freight matching platform? Load boards have been around for years, what’s the difference between what newtrul is, or any other digital freight matching platform, and a load board?
One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. Freight management parties need to know the vital data points that can help keep intermodal lanes moving smoothly and efficiently while also keeping shipping rates and costs under control.
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. .
For those who are seeking how to be a successful freight broker, they should first look at how they can make themselves stand out. Differentiation for freight brokers is often difficult to achieve. And then there are the different freight broker business models. 3 Tips on How to Be a Successful Freight Broker.
Learn how Envase is leveraging our hundreds (upon hundreds) of collective years in dray-tech to make tools once only accessible to the major carriers available to all owner-operators. Book a Demo to learn more. Request a demo to see how DM Maintenance can streamline your vehicle repair, inventory, and equipment management.
Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Quite simply, it costs money to ship freight and the amount can vary significantly by region, zone, mode and more.
New types of freight tech are rising to the forefront of the industry. Cloud-based supply chain management tools, the Internet of Things (IoT), artificial intelligence (AI), and machine learning are expected to figure prominently in future supply chain operations. Freight managers need to know why. It’s really that simple.
Health-related absenteeism has resulted in reduced output, while transportation delays are echoing the freight challenges seen during the height of the COVID-19 pandemic. Build Resilient Networks Implementing end-to-end visibility tools ensures businesses can identify and address bottlenecks in real time.
Freight brokers, 3PLs, and forwarders are all competing for the same shippersoffering similar rates, routes, and promises. This not only wastes time but costs your business opportunitiesespecially when your competitors are using smarter tools and strategies. But if everyones selling the same thing, how do you stand out?
Today, freight load management is a major trouble area for carriers and logistics managers within the shipping industry. For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Within the freight load management area of the network, data is essential.
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.
There have been significantly more mergers and acquisitions in recent years in freight forwarding, including “TFI International’s $800-million acquisition of UPS Freight; Uber Freight’s $2.25-billion Increasing Competition in Freight Forwarding. billion purchase of Transplace; DP World’s $1.2-billion A Talent Shortage.
Carriers currently have a great selection of tools to choose from so that they may further their enterprise. Many of the most beneficial tools come from the utilization of data and analytics. The advantage of predictive rating tools to manage and maximize RFP efficiency and cost alignment. Request a SONAR Demo.
The freight market continues to battle the freight recession that has been ongoing for over two years, and there have been signs that the market is slightly more sensitive to outside events. With tools like SONAR, tracking across all the various modes, it becomes easy to identify when others in the industry are changing strategies.
Logistics optimization strategies such as improving your load planning processes can be an effective way to reduce freight costs by as much as 10 to 40 percent. Some may not even offer load planning tools. The Optimized Load Plan Will Be Perfect Every Time Technology is a great tool to make your logistics processes more efficient.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content