FreightWaves SONAR

MARCH 16, 2021

Mapping the trucking market assists freight market participants with a flurry of benefits. Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data.

Expense Reduction 93

Expense Reduction Price Reduction Data Capacity 93

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

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

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

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

OCTOBER 7, 2022

Manifest will help you forge new relationships, new alliances, and foster new strategies that help move your business forward and avoid falling into the traditional mindset. Really cool trucks were in attendance at Manifest including autonomous and electric vehicles. POD trucks that are EV and AV. About Connectiv.

Logistics Network Optimization Software 195

Logistics Network Optimization Software Conference Events Demo 195

FreightWaves SONAR

DECEMBER 21, 2020

Transportation analytics is among the most effective tools in trucking contract negotiations. And it’s equally important to know the top 10 challenges for shippers in negotiating trucking contracts like limited headhaul insight and how to overcome them. Taking this action amounts to a more proactive, productive shipping strategy.

Negotiating Skills 76

Negotiating Skills Trucking Price Reduction Cost Reduction 76

FreightWaves SONAR

MARCH 26, 2021

Let’s juxtapose that against trucking fuel efficiency rates of around 10-20% of that amount. That effectively means rail is up to 10X more efficient than sending a shipment by truck. When capacity is ample among trucking carriers. Request a SONAR Demo. Request a SONAR SCI Demo. Shorter hauls.

Freight 97

Freight Cost Reduction Demo Tracking and Tracing 97

FreightWaves SONAR

FEBRUARY 10, 2021

How carriers create data-driven pricing strategies. Measuring the health of the trucking business through analytics-based benchmarking. . Request a SONAR Demo. The applications of analytics to navigate market volatility. The advantage of predictive rating tools to manage and maximize RFP efficiency and cost alignment.

White Paper 98

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FreightWaves SONAR

MARCH 23, 2021

Companies in the over-the-road trucking industry constantly strive to boost efficiency. Consider the impact of other modes on trucking and how that will affect your shipping strategy Shippers can also benefit from the consideration of other modes of trucking. Request a SONAR Demo. Request a SONAR SCI Demo.

Resource Reduction 98

Resource Reduction Efficiency Cost Reduction Freight 98

FreightWaves SONAR

JANUARY 8, 2021

Carrier or trucking company performance management depends on the ability to collect and apply data to understand the real health of the business. Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. An ideal world would be at least one driver for every truck.

Expense Reduction 104

Expense Reduction Freight Price Reduction Purchasing Skills 104

FreightWaves SONAR

FEBRUARY 8, 2021

Figuring out the best strategy for managing fleet assets can be difficult at best. But again, there are factors that disrupt this otherwise standard trucking RFP process. And a failure to ensure trucking capacity availability within one market will have a resounding effect on allocation strategies of a trucking fleet’s assets.

Price Reduction 94

Price Reduction Freight Resource Reduction White Paper 94

FreightWaves SONAR

APRIL 1, 2021

Every inch of space available in delivery vans, trucks, semis and cargo crates is valuable. In the past, calculating freight class depended on the physical weight of an item, as well as what else could be shipped within the same truck to set a cost per hundredweight (CPW). Request a SONAR Demo. Request a SONAR SCI Demo.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98

FreightWaves SONAR

APRIL 20, 2021

And ultimately, eliminating the need for excess trucks on the road helps the carrier costs overall and allows for available resource management. Optimizing the routes for trucks will remove some of those additional and time-consuming stops. Emissions are still released if a truck sits without moving. Request a SONAR Demo.

Cost Reduction 97

Cost Reduction Expense Reduction Resource Reduction Logistics Network Optimization Software 97

FreightWaves SONAR

MARCH 30, 2021

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.

Compliance 98

Compliance Supply Chain Software Supply Chain Planning Software Data 98

FreightWaves SONAR

MARCH 22, 2021

In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. Sign up for a demo here or by clicking the button below. . Request a SONAR Demo.

Capacity 98

Capacity Price Reduction Demo Cost Reduction 98

Parade

MARCH 29, 2022

By adding that quote into Parade, you’re helping the system learn from that carrier’s behavior so that it can get a feel for their trucking capacity and recommend even better loads for them in the future. When the broker rep is talking to that carrier, they can add their quote into the Parade system manually.

Digital 78

Digital Strategy Capacity Demo 78

FreightWaves SONAR

FEBRUARY 5, 2021

Top cost centers for trucking carriers The potential for market volatility makes cost centers more worrisome for trucking carriers. Some of the top costs within trucking include fuel costs, outsourced brokerage payments, supplier costs, idle time, insurance and more. Request a SONAR Demo.

Expense Reduction 105

Expense Reduction Cost Reduction Price Reduction Waste Reduction 105

FreightWaves SONAR

JANUARY 15, 2021

And the trucking trends will reflect both the hope for a return of normalcy and the reality of some new, permanent shifts in the industry. With that in mind, it’s important to realize that carriers can use the top 10 trucking trends to find a long-term value-prop coming out of the most in-demand periods for carriers in history.

Trends 64

Trends Trucking Supply Chain Planning Software Optimization Software 64

FreightWaves SONAR

JANUARY 19, 2021

And now is also the time when carriers typically start thinking about what new rates to ask for in trucking RFP bids or when working with more freight brokerages. Broad market assumptions are great for broad strategies, but as everyone knows, the supply chain is rarely that simple. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Sourcing Strategies Expense Reduction Scenario Planning 98

FreightWaves SONAR

MARCH 22, 2021

The secret, here – mapping the trucking market – is to know when that happens and preempt it, which is why more shippers have turned to mini-bids to escape the confines of locked-in rates and applying real-time data to stay both strategic and tactical. Request a SONAR Demo. Request a SONAR SCI Demo.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

FEBRUARY 2, 2021

Trucking carriers and freight managers have much to keep up with in the shipper and trucking industry. Leaders should establish trucking KPIs that will help ensure the focus remains on improving outcomes based on analytics. Measure the profitability of your trucks and drivers. Request a SONAR Demo.

Tips 98

Tips Waste Reduction Cost Reduction Operations 98

FreightWaves SONAR

FEBRUARY 25, 2021

The fact remains that within freight transportation protocol, trucking capacity is finite. This factor plays into net revenue per truck per week as well. REVENUE PER DRIVER PER WEEK (DRVREV) – The profits earned per truck each week remains a crucial piece of data for fleet management.

Negotiating Skills 92

Negotiating Skills Price Reduction Expense Reduction Data 92

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 4, 2021

The problem: Shipping demand management includes a need to source capacity around the clock Capacity rules when it comes to keeping the supply chain moving and the trucks full. Cost reduction strategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

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. Request a SONAR Demo.

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 98

FreightWaves SONAR

MARCH 5, 2021

When trucking supply and demand swings one way or the other, there are subsequent market responses. . That leads to fewer trucks in the market and an increase in loads being offered, driving up costs in the background (OTRI) which will cause service metrics to decline. . The best-laid plans are just that, thought out and well-laid.

Freight 98

Freight Price Reduction Cost Reduction Outbound 98

FreightWaves SONAR

DECEMBER 30, 2020

And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. Get professional advice, near-real-time data market insights, and assistance from start to finish quickly and easily by requesting a FreightWaves SONAR demo or clicking the button below.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

WorkWave

JULY 22, 2024

One of the most important pieces of equipment for any lawn care business is the truck setup. A well-equipped truck can make all the difference in being able to efficiently and effectively provide top-notch services to clients. Here are some key features to consider when setting up your landscaping truck: 1.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Trucking Material Savings 52

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. Yes, there is the balancing of palletized shipments into full truckload shipments to ensure a truck is loaded properly. Request a SONAR Demo. Defining freight load balancing.

Price Reduction 78

Price Reduction Cost Reduction Waste Reduction Optimal Sourcing 78

FreightWaves SONAR

JANUARY 7, 2021

And autonomous trucking logistics offers more value via management by exception and making profit-driving decisions for all incoming tenders. And while autonomous trucking logistics are believed to be the end-all solution for most, they may fall short of meaningful improvements. Poor tender acceptance strategies. Empty miles.

Supply Chain Software 52

Supply Chain Software Supply Chain Design Software Supply Chain Design Supply Chains 52

FreightWaves SONAR

FEBRUARY 24, 2021

The Ocean TEU Index measures booking requests for capacity, much like the Outbound Tender Volume Index (OTVI) does for domestic trucking. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo. Epilogue by Jason Vanover).

Price Reduction 92

Price Reduction Cost Reduction Sourcing Strategies White Paper 92

FreightWaves SONAR

MARCH 12, 2021

And part of that means tracking real-time truck location, gauging market trends and much more. Align fleet goals and strategy with market conditions by deploying FreightWaves SONAR. To learn more, request a FreightWaves SONAR demo by clicking the button below now. Request a SONAR Demo.

Supply Chain Software 97

Supply Chain Software Optimization Software Logistics Network Optimization Software Tools 97

FreightWaves SONAR

MARCH 16, 2021

And by using analytics, freight managers can promote increased insight into reefer efficiency, recognize when it’s time to rethink bidding strategies and determine which lanes and rates across contracts, as well as the spot market, are costing the business more money than necessary. Request a SONAR SCI Lane Acuity demo to get started. .

Data 97

Data Supply Chain Software Efficiency Logistics Network Optimization Software 97

WorkWave

JUNE 27, 2024

According to the American Trucking Association, the industry faced a shortage of over 80,000 drivers in 2021, projected to grow to 160,000 by 2030 if current trends continue. Current State of Driver Availability Statistics The trucking industry, which is pivotal to the economy, is grappling with an unprecedented shortage of drivers.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

FreightWaves SONAR

NOVEMBER 19, 2020

Without supply chain visibility, a retailer cannot realistically move freight to other markets to take advantage of trucking capacity. However, AI can provide a pathway toward more proactive, responsive management strategies. Request a SONAR Demo. Thus, rates are going to continue climbing.

Supply Chain Software 105

Supply Chain Software Supply Chains Scenario Planning Sourcing Strategies 105

FreightWaves SONAR

JULY 24, 2023

Keeping costs under control should be a proactive, not reactive strategy, especially during an unprecedented time of transition and reopening ahead of peak season. Learn more about how your company can achieve those goals by requesting a SONAR demo online today.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105