Who Cares About Data Integrity?
We do. Much has been made in recent weeks about supply chain data providers changing historical metrics. Users across the industry have been coming up with their own theories, scrambling to match and compare historicals with their provider, and wondering what they can consider to be “truth.” You’ll never guess where I’m going with this. […]
The Long Road to Just-in-Time
The adage goes, “It takes a long time to become an overnight success.” It’s also a long road to meet just-in-time delivery. For years prior to the pandemic, the consistency and integrity of global trade lanes meant that the industry viewed costs and lead times as assumptions rather than obstacles, especially as each generation of […]
Distilling inherent capacity conditions with Lane Scores
Whoa…what a title, right? But let’s not overcomplicate things: having the right data beats having a lot of data. (It helps that we have both, but we’ll save that for another blog). In this fast-paced, competitive world, it is critical to leverage data to make informed decisions quickly. For a broker, this means understanding when […]
Forecasting trends with aggregated flatbed data
It’s building season. Housing starts are calling for lumber kits, industrial purchasers are ordering products for their projects, and construction companies are planning their moves and strategies for the year. Shippers often manage transportation for these projects with historical data, bids from trusted carriers and a lot of guesswork. That’s getting ready to change. The […]
FreightWaves SONAR flatbed data now available in Trucker Tools app
FreightWaves SONAR is dedicated to creating a fair and transparent marketplace for all transportation players to manage their businesses effectively and efficiently. In order to build that brighter future, we need to establish clear market signals that all players can agree upon to act fairly and equitably. This builds stronger relationships and boosts service and […]
Tai Software, FreightWaves SONAR team up to shape future of logistics industry
The logistics industry is overflowing with ambitious companies pursuing innovative ideas. A much smaller number of players, however, have what it takes to shape the way the industry operates on a grand scale. FreightWaves has accomplished that through SONAR, and the company is committed to partnering with other industry standouts working toward similar goals — […]
SONAR introduces improved market-level pricing methodology
FreightWaves SONAR recently unveiled an update designed to give users new ways to analyze data — especially pricing data.
Flatbed spot rate APIs now available
At the F3: Future of Freight Festival in Chattanooga, Tennessee, last week, FreightWaves Chief Data and Technology Officer Daniel Pickett announced the release of flatbed spot rates via API. FreightWaves publishes daily flatbed spot rates from key market area to key market area based on transactional data provided by the largest transportation and logistics providers […]
Is the Juice Worth the Squeeze? Assessing FreightWaves SONAR vs. the Competition
Shifting freight patterns poised to drive up rates
Domestic transportation demand patterns continue to trek eastward, shaking up entrenched freight flows and positioning the market for future rate hikes.
High-frequency data points to ongoing demand surge
Up until this point, 2023 market shifts have more or less aligned with historic seasonal norms. A late-summer demand spike, however, is altogether unexpected.
Supply chain resilience and responsiveness go hand in hand
Supply chain optimization is often presented as a choice between resilience and responsiveness — between being able to withstand and operate normally under conditions of disruption and stress and being able to quickly flex capacity and throughput up or down opportunistically. “Resilience” can sound like redundancy, contingency planning, higher operating costs and underutilized capacity waiting […]
SONAR recognized for superior customer satisfaction, strong market presence
A full 95% of SONAR users rated the freight market solution with high marks, leading to an overall rating of 4.5 stars.
How leading supply chain teams invest in technology
The best supply chain teams invest in technology as part of their continuous holistic operational improvements, not simply in reaction to temporary crises. Investing in technology to improve the capabilities of your supply chain team as part of a strategic initiative yields better results throughout all phases of the freight market cycle. Retailers, manufacturers and […]
Brokers cannot afford to go without high-frequency data, expert insights
Brokers are faced with a wide range of challenges every day. Many of these tough situations arise from a lack of market visibility, including uncertainty surrounding the bidding process, inability to analyze trucking capacity and a general lack of advanced technology to manage daily workflows. When
High-quality freight data is vital for supply chain automation
Third-party supply chain and freight market data has become an important tool for retailers, manufacturers and suppliers who want to redesign their networks, improve strategic planning, benchmark their transportation spend and the service they’re getting in return, and measure the efficiency of their facilities. Leading supply chain organizations are using data on freight rates, volumes, […]
Resources to help deepen your understanding of the freight market
In order to make a real difference, a motivation to better the industry must be coupled with a deep knowledge of the freight market.
Understanding spot rate trends is like having a crystal ball
The best way for people to gain the level of insight they crave is through high-frequency data, particularly insights into spot rate trends.
What does the next freight cycle look like?
The rest of the year could be characterized by relatively low rates and volatility Like it or not, freight market volatility is here to stay. The post-recession environment that filled our expectations with the concept of “normal” is in the distant past. Even before the COVID-19 pandemic era, the U.S. transportation sector was experiencing an […]
Data key to tackling forecasting challenges
Supply chain must be nimble to adapt to changing consumer, economic demands Since the COVID-19 pandemic, which exposed an already fragile global supply chain, companies have invested billions of dollars in technology, including digitization and artificial intelligence, in an attempt to speed up the flow of data to tackle ongoing forecast demand challenges. Businesses […]