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 […]
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 — […]
FreightWaves SONAR recently unveiled an update designed to give users new ways to analyze data — especially pricing data.
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 […]
Domestic transportation demand patterns continue to trek eastward, shaking up entrenched freight flows and positioning the market for future rate hikes.
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 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 […]
A full 95% of SONAR users rated the freight market solution with high marks, leading to an overall rating of 4.5 stars.
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 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
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, […]
In order to make a real difference, a motivation to better the industry must be coupled with a deep knowledge of the freight market.
The best way for people to gain the level of insight they crave is through high-frequency data, particularly insights into spot rate trends.
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 […]
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 […]
Freight procurement has serious problems. It’s “broken” in the sense that when the market shifts, shippers don’t get the service they’ve agreed to pay for and volumes awarded to carriers are withheld and withdrawn. Contracts don’t hold up. The lack of a mechanism to tie contracts to prevailing market conditions creates enormous inefficiencies in freight […]
Container Atlas makes it possible for the index to take transit times and port delays into consideration, providing the most reliable gauge of future activity available on the market.
Despite lower costs, shippers and brokers need to understand the data that drives fuel surcharges to ensure they are receiving a fair price and avoid being caught off guard by inevitable future upswings.
Retailers, manufacturers and suppliers have saved a lot of money on transportation costs in 2023 compared to the years before, but other parts of their organizations are facing persistent inflationary pressures on everything from energy and labor to cattle futures and the cost of money itself. Margins remain challenged in many industries, and strategic finance […]