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To help carriers learn how to apply and deploy data more effectively, this whitepaper will explore: The uses of data to allocate and manage assets. Measuring the health of the trucking business through analytics-based benchmarking. . Fill out the Form Below to Access a COPY of the WhitePaper.
FreightWaves’ Todd Maiden said it best in early December: “Several analysts have published transportation outlook reports for 2021 that are calling for continued strength in the trucking markets. Fill out the Form Below to Access a COPY of the WhitePaper. Request a SONAR Demo.
View the Full WhitePaper. Request a SONAR Demo. Request a SONAR SCI Demo. The post [WHITEPAPER] SONAR highlight reel: Contrary to typical seasonality, intermodal volume rises in Nov. See description of the just-released FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate data on pages 5-6.
View the Full WhitePaper. Request a SONAR Demo. Request a SONAR SCI Demo. The post [WHITEPAPER] SONAR highlight reel: Carriers bring their pricing power into the new year appeared first on SONAR. In fact, our data shows that accepted tender volume is up 12% y/y.
The need to improve fleet asset utilization and to maintain better control over trucking costs is absolute. And to help carriers achieve that goal, this whitepaper will explore a few best practices to reduce operating costs, including: The importance of meaningful data capture. Request a SONAR Demo.
New and existing home sales impact many transportation modes including maritime, dry van and intermodal, but due to its specialized nature and relatively small market size, we believe no transportation segment is more directly impacted than flatbed trucking. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
When it comes to planning RFPs and figuring out which carrier partnerships to pursue, shipping managers need to be aware of the various trucking carriers with availability. The value of diverse trucking carriers. Each provider offers unique services, coverages and perks depending on the trucking contract and carrier type.
FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo. The post [WHITEPAPER] SONAR SCI: use for RFP management appeared first on SONAR.
Pages 14-16) Overlaying intermodal density and rates over existing trucking lanes brings conversion opportunities into focus. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
Truck fleet management has always been intensely focused on knowledge of the freight market. A clear vision for how the market and the fleet can work in unison is at the heart of fleet management within the trucking industry. Effective truck fleet management is vital for successful daily carrier operations.
View the Full WhitePaper. Request a SONAR Demo. Request a SONAR SCI Demo. The post [WHITEPAPER] Brokers’ new BFF: Market Dashboard provides new level of visibility into buy rates appeared first on SONAR. FreightWaves released the Trusted Rate Assessment Consortium (TRAC) spot rates last week.
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.
Asset-based trucking leads to several inevitable challenges. These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Pricing alignment makes for one of the more complicated challenges for asset-based trucking. Download the WhitePaper.
Benchmarking standards within trucking fleets are continuously changing. As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.”
That’s the onus of electronic freight tender trucking data when compared to lagging submitted data that may take 7 to 14 days to come in. Near-real time freight electronic tender trucking data offers reliable insights. Download the WhitePaper. Now imagine the value of more accurate data in light of the pandemic.
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. Download the WhitePaper.
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.
Trucking capacity is tight, and deadheading is the precursor of even stricter capacity. The problem of deadheading in trucking. By utilizing effective trucking RFP protocols, freight managers can ensure trucks stay filled on every leg of every trip. Download the WhitePaper. Think about it.
The digital age has presented a wealth of opportunities for the over the road trucking market. Because data sources matter to assess accurately and objectively the over the road trucking market. . Lagging data makes for a massive hindrance in assessing the over the road trucking market. Download the WhitePaper.
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. Download the WhitePaper.
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. Trucking contracts are not necessarily built for disruption.
The transportation of freight not needing the entire space of a truck is LTL freight. Trucking rates vary depending on the type of freight, load size and destination. With LTL freight shipping, the cargo that needs to be transported from one shipper shares space on a truck with cargo from another shipper. Request a SONAR Demo.
Among the shipper of choice tips, offering reliable delivery windows with accurate and on-time truck arrival, communications, and proper documentation will significantly strengthen that reputation. The best examples of shippers of choice provide services along several trucking routes. Download the WhitePaper.
As such, seeing signals and indices that reflect the real trucking market conditions will be critical to avoiding over-extension of your fleet and drivers. Remember that if the shipper can’t trust the trucking business, sales fall. Download the WhitePaper. In turn, trucking companies often have the upper hand.
The problems that trucking companies face when providing manual truckload freight quotes include long response times, hold and wait times, slow email, voice mail delivery, and human error. It is important to remember the most common issues and delays that trucking operations face will happen across the entire fleet.
The cost differential between dry van truckload and intermodal contract rates expanded to multiyear highs over the winter as trucking costs expanded much more rapidly than the intermodal freight counterpart. Trucking pricing tends to be much more volatile thanks to much more dynamic networks and customer base. Download the WhitePaper.
Companies in the over-the-road trucking industry constantly strive to boost efficiency. Download the WhitePaper. 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.
SaaS-based freight brokerage software, no matter your freight broker business model , helps increase customer service by allowing brokers to see beyond the details provided by a single shipper or carrier to understand the market’s real trucking rate and offer the best rates. Download the WhitePaper. Request a SONAR Demo.
The ability to accurately predict both trucking and load execution costs or rates is a wonderful tool for all carriers. Trucking costs amount to only a portion of the overall business cost, and asset-based carriers will find that to stay relevant within the modern market, they must do everything within their power to adapt and improve. .
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). Download the WhitePaper. Request a SONAR Demo.
But again, there are factors that disrupt this otherwise standard trucking RFP process. In regard to the freight situation between 2008 and 2016, Trucking info.com noted how rates evolved from “since the bottom of that recession, contract prices have averaged a 1% quarter-over-quarter growth (annualized). Download the WhitePaper.
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. Download the WhitePaper. In the interim, request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
To start, it’s evident that the use of a refrigerated freight truck is required when transporting perishables or goods that need to maintain a specific temperature. These trailers also offer the convenience of intermodal shipping , which offers many transportation options (trucks, trains and ships). Download the WhitePaper.
It’s millions of individual transactions that amount to pallets, loads, trucks, rail cars, airplanes and beyond. When supply is limited, like trucks have been for much of 2020, and the demand stays high, freight management becomes about more than simple schedules and asking who’s available? Download the WhitePaper.
For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Download the WhitePaper. For instance, a carrier portfolio with 8 trucks, driving 800 miles per day, charging $1.00
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. Download the WhitePaper. Request a SONAR Demo.
The free whitepaper, Mo’ inflation, mo’ problems for CPG companies , shows how FreightWaves’ SONAR and SONAR Supply Chain Intelligence platforms assist CPG companies to save money on transportation spend, de-risk from market conditions and benchmark against the competition. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
More importantly, failure to plan for deviations in the trucking market can have a disastrous impact on both shippers and carriers. After all, there are different types of trucking carriers to consider, different nuances affecting individual lanes and the ever-growing pressure of e-commerce. Download the WhitePaper.
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. Download the WhitePaper.
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. Download the WhitePaper.
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. Download the WhitePaper. Request a SONAR Demo.
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. Download the WhitePaper.
Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. Why lagging data contributes to limited insight into trucking rates.
Download the WhitePaper. Logistics strategies will leverage expert insight The best enterprise shippers look for ways to improve trucking costs and operations with big data applications. To secure loads and keep their trucks running full, compromises will remain essential within logistics strategies.
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