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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.
Jess even transitioned to the technology side, leading a freight pay and audit company and building their proprietary platform. They offer a three-step process to improve logistics departments, focusing on internal process optimization, digital tools, and external partnerships.
The factors driving the tight freight market seem to be sticking around forever, like your in-laws at Christmas. To do that, we recommend using the the SONAR Supply Chain Intelligence tool to determine: Whether your carriers are charging rates in line with the market. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER.
Take a moment to think about the basic freight brokerage business models. In transportation management, seconds can add up to massive delays in shipping and higher freight spend. And during times of uncertainty, which always occur in modern supply chains, effective freight brokerage must have access to the latest tools and resources.
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? Download the WhitePaper.
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.
View the Full WhitePaper. The data is derived from sourcing spot rates from more than a dozen 3PLs and freight brokerages. Other spot rate tools place too much weight on stale rates or rates taken from irrelevant lanes. FreightWaves released the Trusted Rate Assessment Consortium (TRAC) spot rates last week.
The freight transportation industry has always been slow to adopt new advances in tools, software and automation. 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. Visualization capabilities.
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.
OTR freight represents a long-standing aspect of supply chain operations and transportation management. Th is blog post covers the critical ways strategic partnerships can help supply chain managers achieve optimal OTR management for their freight. Carrier Vetting for OTR Freight . Remote Tendering and Shipment Execution .
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.
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.
Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. We hope you enjoy this very first episode of The Freight project podcast! Download WhitePaper.
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.
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.
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 WhitePaper.
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.
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.
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. Download the WhitePaper.
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. Download the WhitePaper.
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.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. Download the WhitePaper. Achieving this high ranking among consumers and clients becomes more attainable when modern automation and tools are utilized. 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.
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. Download the WhitePaper.
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. Download the WhitePaper.
yellowbox]Check out where the future of online sales for the freight industry is heading with this free whitepaper.[/yellowbox]. According to Ti’s whitepaper on the topic, some goods manufactured in Asia-Pacific could be near-sourced to the US or Europe. See the whitepaper here. yellowbox].
High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the WhitePaper: Over the Road Freight Management Trends. Carrier Vetting for OTR Freight.
Truck fleet management has always been intensely focused on knowledge of the freight market. And freight KPIs can serve as a valuable tool for freight market intelligence. Freight intelligence tools help management develop a more unified freight strategy. Streamline data capture and analysis.
Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. Download WhitePaper. GET YOUR FREE WHITEPAPER. We hope you enjoy!
In full truckload freight management, technology will make or break plans for keeping freight spend in check. Demand for record-breaking speed of delivery and free shipping are only making the case for greater use of technology in full truckload freight shipping management, and shippers need to understand why. Download Here.
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. Everyone is working from home, switching in-person and paper processes with digital transactions and signatures.” .
However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. Using digital freight matching platforms is the best strategy to secure meaningful and practical capacity. Download the WhitePaper. Customer satisfaction.
The freight market continues to swing upward. It would seem to come down to tracking these truckload freight rate index values. . It would seem to come down to tracking these truckload freight rate index values. . Many enterprises have built unique real-time freight data indices. Defining the freight rate index.
While the industry moves toward more cohesive programs to track performance, including profitability per load, the need to boost benchmarking through freight KPIs is absolute. Tasks such as annual freight rate discussions and contract bids are more productive and accurate. Download the WhitePaper.
Co-hosts Luke Falasca and Kyle Taylor discuss why freight brokers are overpaying their carriers to haul loads during the first week of 2021 on this episode of #WithSONAR. Because SONAR provides real-time data, its data is more up-to-date than many of the rate assessment tools that are still showing pre-Christmas rates.
That’s a loaded question, and it requires a review of all existing shipping services, freight brokerage value-added talking points and more. Download the WhitePaper. By staying flexible, shippers and carriers enjoy the benefits of aligned market volatility and freight contract expectations.
And freight transportation is increasingly done “on the fly.” Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries. Technology will always change and grow, and the freight industry must keep up to survive. Download the WhitePaper.
The freight brokerage industry has traditionally focused its attention on the training and development of its customer sales staff. In a buy-sell brokerage, customer sales are incentivized to hunt and gather more freight, to bring in more revenue. In our recent whitepaper , we discussed the growing importance of carrier utilization.
Download the WhitePaper. Instead, carriers need to incentivize their freight with realistic rates for their drivers. And having access to freight data on the fly is critical to maximizing asset utilization and load profitability. This will help build and solidify the relationship over time.”
Over the past two years, RFP management has been extremely challenging as freight rates have risen to new all-time highs, giving rise to mini-bids. Shippers’ transportation budgets are under immense pressure, and those responsible are focused on not blowing out the budget even as freight demand continues to grow almost daily.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download WhitePaper. This tip is focused on the tools human workers use to verify product picked is the products ordered. GET YOUR COPY HERE. Some of these tips include: Automate scanning and order picking processes.
Download the WhitePaper. In turn, the use of real-time freight data again returns to the conversation to drive rating processes and tender acceptance decisions. And this year, proactive freight management that combines people and technology will be critical to future-proofing the industry and avoiding carrier losses.
As 2021 begins, new growth and adjustments need freight managers’ attention to start the recovery process. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Download the WhitePaper. This can represent a challenge for some managers to handle alone.
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