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Supply chain disruptions happen faster than your organization can react. Get the tools you need to be prepared.

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Five things you need to do before the market turns

1. Monitor Rejections​
Market rate data will follow the tender rejections across broader markets. The greatest indicator of supply chain trends lies in tender data.
2. Analyze Demand​
Freight volumes are at 25% lower than their peak, leaving carriers hungry for the right freight. Until volumes change, rates will continue to decrease to the market floor.
3. Dynamically Adjust Rates​
Move from rigid rate agreements that become outdated often before implemented, and create agreements that adjust rates to match the freight market, improving compliance and performance.
4. Implement Infrastructure Changes
By making smart investments in infrastructure, you can streamline your operations and improve efficiency. This includes technology, new equipment or facilities, or even reconfiguring your warehouse layout.
5. Use Forecasting to Predict Market Movement
Market signals, backed by an army of experts, are the key to seeing the turns before they happen. Create stronger relationships with the partners you trust now, and it will pay dividends when the market inevitably shifts again.
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What's the SONAR ROI?

Use our calculator to find out.

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

Anticipate market inflections with fast, granular supply chain data

The freight market can flip in less than 60 days, and if you’re gauging conditions by looking at your own freight bills paid, you’ll be too late to react in time. The freshest freight volume, capacity, and rate data available will help your organization adjust strategies as conditions change.

  • Stay on top of leading indicators like tender rejections and freight bookings
  • Make sure that you’re getting the carrier service that you’re paying for
  • Know when to rebid your freight to maintain high routing guide compliance

White Paper: The State of Freight – April 2023

FreightWaves CEO and founder Craig Fuller and Head of Freight Market Intelligence Zach Strickland discussed global supply chain conditions in the latest “State of Freight” webinar on April 20.

They were joined by Adam Josephson, a paper and packaging vertical expert at FreightWaves. The trio offered perspectives on consumer demand, freight volumes, capacity, rates, and financial conditions, which culminated in a fairly bleak outlook for the rest of 2023.

Industry-Leading Freight Data and Analytics

Utilize actionable data at your fingertips to make data-informed decisions – despite supply chain disruptions.

SONAR Supply Chain Intelligence (SCI)

A groundbreaking data and analytics platform that advances transportation planning, procurement, and finance teams to balance the optimization of rates and tender reliability to increase the efficiency and effectiveness of their company’s supply chains.

Freightwaves SONAR Trusted Rate Assessment Consortium (TRAC)

FreightWaves TRAC calculates spot rate data by collecting data from trusted contributors to provide daily load data by the booked date based on near real-time rate information for hundreds of thousands of unique loads.

SONAR Container Atlas

Contain Atlas is multidimensional, high-frequency ocean market data collected at the point of booking that is unavailable anywhere else. Make more informed, forward planning, and profitable decisions when working with ocean carriers using near real-time, granular carrier capacity and service metrics.

SONAR Market Dashboard+

SONAR Market Dashboard+ is a multi-lane analysis tool designed to accelerate bid management, frequent-lane monitoring and corridor trend visualization. Market Dashboard+ builds off the original Market Dashboard tool which is powered by the Trusted Rate Assessment Consortium (TRAC), which focuses on spot rate data in a single lane.

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