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A spot rate benchmarking tool has become an essential application for brokers, carriers and shippers to have at their fingertips. For brokers, the Market Conditions map helps identify which outbound markets are showing overall increases in rates. Market Conditions is available for van, reefer and flatbed equipment types.
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. Request a SONAR Demo.
Within SONAR, the Outbound Tender Reject Index (blue) In early October eclipsed 5% for the first time since the Fourth of July holiday. At the same time, the Outbound Tender Volume Index (white) has yet to move meaningfully higher, despite record import levels. The post Prepping For The Retail Rush appeared first on SONAR.
Routing guide failures are frequently caused by poor communication, misunderstandings, unclear guidelines, poor decision-making, outdated or missing data points, mismanagement of privately owned trucking fleets, and unavailability of automated tools and technology. Request a SONAR Demo. Request a SONAR SCI Demo.
The WRI combines outbound tender market share (OTMS) and the weekly change in tender rejection rates (OTRIW). For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. Sign up for a demo here or by clicking the button below. . Request a SONAR Demo.
One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. Identifying current inbound and outbound rail volume rates in the current market. Predicted inbound and outbound fuel and maintenance budgeting needs. Request a SONAR Demo. Download the White Paper.
Unlike other tools in the market, the Lane Signal considers an abundance of data from multiple sources, not just dirty data that flows through one system like other industry tools. Using these tools can allow carrier representatives to book more loads and maximize the full potential of your carrier networks.
In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions. Carriers will be able to see inbound and outbound stability on specific lanes.
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. According to PLS Logistics , “A routing guide is an essential tool for businesses seeking greater control over transportation decision-making.
As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. Outbound tender rejections. Request a FreightWaves SONAR demo to get started.
Capture market data in near-real-time Real-time data represents a valuable tool for logistics managers when planning and adapting routes for the real world. Find out more about how your organization can gain those lane-level insights by requesting a demo of FreightWaves SONAR SCI Lane Acuity today. Request your demos below.
What is a routing guide : a set of rules and requirements from shippers that set rules for inbound and outbound shipping. A routing guide provides a clear set of a shipper’s rules and requirements t for both inbound and outbound freight. It is a critical tool for carriers that wish to attain carrier-of-choice status. .
Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. And lane-by-lane insights are critical to account for that disruption among raw material suppliers and the flow of outbound freight. Request a SONAR Demo.
Understanding this, SONAR provides a plethora of tools and insights around both individual market granularities and national trends. Below are a few such tools to help you become your own local market expert. It’s a perennial top-three outbound market in the US due to its proximity to the nearby ports of Long Beach and Los Angeles.
In this blog, we will dive into how you can use Outbound Tender Lead Time (OTLT) indexes to be alerted of the right time to make that call to close business with new customers and satisfy the relationship of new carrier relationships. If you are not a FreightWaves SONAR user, click below to schedule a demo. Request a SONAR Demo.
We learn how to use tools like Excel and Google Sheets out of necessity to organize the world around us. While you’re at it, throw in the SONAR Lane Score to see if you’re quoting an outbound-heavy lane. Export your load list to Excel and add a few functions to pull in today’s outbound tender rejection values ( OTRI ).
The freight transportation industry has always been slow to adopt new advances in tools, software and automation. Prioritizing moves based on inbound and outbound data trends. Request a SONAR Demo. Not a lot has changed when it comes to fleet asset utilization within the supply chain. Industry expert guidance as a best practice.
But if you choose an O/D pair with higher outbound demand, finding a backhaul opportunity will be easier. New freight technology advances come in many varieties, but one of the best tools for carriers is automation. Request a SONAR Demo. ADVANCED SYSTEMS AUTOMATE MUNDANE AND ROUTINE TASKS.
Descriptive and diagnostic analytics are additional analytics tools that can help. Outbound and inbound data. . Thus, predictive and prescriptive analytics tools become useful in proactive spend management. Be in the know; do the most for your business and request a FreightWaves SONAR demo with the button below to get started.
What are inbound and outbound logistics? Both inbound and outbound logistics involve the transportation of products across various distribution channels, however inbound logistics deals with supply and outbound logistics fulfill demands. This guide outlines the essential KPIs you should be monitoring to ensure efficiency.
With more agility and transparency, based on accurate data-driven choices, implementing essential visibility tools empowers shippers with practical foresight into predicting rate changes in real-time. Although these methods are foundational, they don’t provide the agility of real-time updates that supply chain visibility tools can accomplish.
Handling rising transportation costs with Network Design Optimization Apps Within the Network Design App , we focus on optimizing the outbound process. The app provides a cost-optimal solution, emphasizing cost-based optimization for outbound activities. While mathematics is powerful, it may not always align with real-world scenarios.
Measuring capacity is a key to maximizing margins/transactions for a broker, utilization for a carrier, and minimizing service and budgetary failures for shippers.The capacity trend indices show you which markets are tightening or loosening by the largest amounts by combining tender rejection rates and market balance of inbound and outbound loads.
SONAR has the tools for you to watch for market indicators that will help you decide where and when to attack these international shipments. When you click the individual lanes within this tool, you can view trends of the individual maritime lanes, including the Panama spread. Request a SONAR Demo. Request a SONAR SCI Demo.
Shipping data set size within SONAR versus traditional load boards or benchmarking tools There are a few obvious competitors to SONAR that can be characterized as load boards or benchmarking services. Request a SONAR Demo. Of course, on a larger scale, that lacks value beyond broad plans. Click the button below to get started.
With robust inbound and outbound scanning, Locus reduces delays and maximizes volume utilization, all while providing real-time visibility into hub operations. Locus provides businesses with the tools they need to minimize their environmental impact and move towards greener logistics. Schedule a demo with us today!
One of the best ways to determine this is to request a demo from the vendor. After all, demos give you first-hand experience before you spend your money. It has several applications that cover sales, productivity tools, websites, and operations. Among the powerful tools integrated into the platform is SuiteCommerce.
ORAIL/IRAIL is the ultimate intermodal shipping volume tool. ORAIL and IRAIL are broken down by inbound and outbound volume origin/destination market and are also broken down by lane. Get a demo of SONAR to see what the platform can do for you. Request a SONAR Demo. from May 2019 to May 2020.
Leading retail logistics software companies offer innovative tools that streamline operations from warehousing to delivery, incorporating features like real-time tracking , automated dispatching, and seamless inventory management. Schedule a demo with us! How Improved Hub Operations Reduce Time Under The Roof f.
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