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

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

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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

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

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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

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The Logistics of Logistics

FEBRUARY 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 305

Logistics Network Optimization Software Conference Events Demo 305

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

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

WorkWave

JUNE 1, 2023

Time To Read: 5 minutes Truck drivers are in high demand with a truck driver shortage. It’s not the career many people think of going into right off the bat but finding ways to entice more people to become truck drivers is necessary. Here’s how you can recruit truck drivers for your company. Recruiting is how!

Trucking 52

Trucking How To Expense Reduction Cost Reduction 52

WorkWave

MAY 16, 2023

National Institute for Occupational Safety and Health demonstrated that, on average, most long-haul truck drivers work 50% more hours in a week than typical workers. According to research conducted by FMCSA , there has been an overall reduction in fatal crashes involving large trucks since companies implemented the 34-hour reset rule in 2013.

Expense Reduction 52

Expense Reduction Cost Reduction Resource Reduction Trucking 52

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

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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

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

Locus

MAY 4, 2022

Often, you have an extensive network of distribution centers and a large fleet of trucks. The other is when you load your trucks with the products of manufacturers and try to sell these products to various retail outlets: The van or truck spot sales approach, also called direct store delivery (DSD). Try a demo with Locus now!

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Planning Software Trucking Optimization Software 52

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

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

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

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

MAY 7, 2024

This level of insight enables them to negotiate better terms with carriers and optimize their overall transportation budget strategies. Armed with trusted market data and powerful analytics, these companies are equipped to refine their procurement strategies and achieve their strategic goals more effectively.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

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

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

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

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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

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

Logistics Business Magazine

JULY 26, 2023

Join over 4,500 of the most influential leaders in logistics technology to forge new relationships and foster new strategies to help move your business forward. Experience an Expo Hall unlike any other, featuring autonomous vehicles, drones, robotics, electric trucks, a start-up demo stage and tons of fun! Why Attend?

Supply Chain Design Software 56

Supply Chain Design Software Supply Chain Software Supply Chain Design Logistics Network Optimization Software 56

Locus

MAY 18, 2023

To streamline the last-mile delivery process, retailers, CEPs and other last mile players can implement technical strategies that optimize delivery routes. That said, there are many tech strategies that shippers and carriers can leverage to reduce routing challenges to gain maximum efficiency in the last mile.

Optimization Software 52

Optimization Software Supply Chain Planning Software Optimization Cost Reduction 52

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

WorkWave

OCTOBER 17, 2024

You may also include a brief description of the equipment or vehicles you’ll use, such as vans, trucks, or bicycles. Marketing and Sales Strategy Once your business is up and running, how will you attract and retain customers? Be clear about how your services will meet the needs of your target customers. Start Using RouteManager!

Cost Reduction 52

Cost Reduction Logistics Network Optimization Software Transportation Purchasing Skills 52

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 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

WorkWave

JULY 12, 2024

For example, Taipei, Taiwan, has implemented a highly efficient recycling system where garbage trucks equipped with electronic sensors scan residents’ recycling bags for proper separation. GET A FREE DEMO 4. Several strategies and techniques can be implemented to achieve this goal, decrease costs, and increase efficiency.

Waste Reduction 52

Waste Reduction Waste Material Savings Cost Reduction 52

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

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

SEPTEMBER 5, 2024

This tightening of capacity indicates that there are fewer trucks available relative to the volume of goods that need to be moved, which drives up the costs for shippers. Submit a demo request to learn more about how you can utilize SONAR data at your organization!

Supply Chain Software 52

Supply Chain Software Supply Chains Price Reduction Logistics Network Optimization Software 52

FreightWaves SONAR

SEPTEMBER 5, 2024

This tightening of capacity indicates that there are fewer trucks available relative to the volume of goods that need to be moved, which drives up the costs for shippers. Submit a demo request to learn more about how you can utilize SONAR data at your organization!

Supply Chain Software 52

Supply Chain Software Supply Chains Price Reduction Logistics Network Optimization Software 52

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

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