Freight Broker Leads: 6 Tips for sourcing leads
Most freight brokers have to source their own freight broker leads. It’s often a time-consuming process that is difficult for many freight brokers and freight brokerage businesses. One challenge comes from the term “shippers.” It’s a label freight brokers slap on all companies shipping freight. While this is true, shippers are diverse. Companies in various […]
Logistics Events: Top 12 Virtual Events to Attend
Staying up to date with the latest trends, technology and innovations is important within any industry, but it is particularly true of the logistics and shipping industry. Here are some great virtual logistics events that can help you stay up to date, engaged, and actively learning during each quarter. Q1 logistics conferences With the start […]
How to Use Data to Improve On-Time Shipping Performance
How often does your organization think about the real impact of on-time shipping performance? When times are good, it’s probably not often. But the slightest problem can have compounding consequences. According to Supply Chain Game Changer, “On-time delivery may seem like a basic expectation. Yet in so many cases it is something that organizations struggle […]
SONAR Indices & Insights: track U.S. port market share for ocean freight imports with Port Import Market Share (PIMS) to measure port activity
As we’ve been doing every Monday, the SONAR team teaches you about another index found within SONAR, the freight forecasting platform from FreightWaves. This week, learn how freight market participants keep a pulse on U.S.-bound ocean freight imports with the Port Import Market Share (PIMS). In this article, you learn what the PIMS index is […]
Top 10 Key Performance Indicators for Shipping Industry
“Key performance indicators can make or break supply chain operations, and it seems as though there are more to choose from every day,” says Morgan Forde of Supply Chain Dive. That is the crux of digital tech in supply chain intelligence. Leaders get so involved in leveraging data that they overlook the meaningful aspect. Data […]
Top 18 Freight Podcasts to Subscribe to Now
While logging into a shipping data analytics engine like FreightWaves SONAR is an excellent way to keep tabs on the market, there’s another opportunity to stay in the know without being tied to a desk. And one of the easiest ways to keep up-to-date with the latest news and trends is to follow the available […]
What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?
How does your company define success in the supply chain? For shippers, success depends on end-to-end network improvements, according to McKinsey & Company. 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 […]
How Carriers Can Optimize Their Assets (with video)
On this episode of #WithSONAR, co-hosts Luke Falasca and Kyle Taylor discuss how to automate workflows, improve service levels and expand operations for asset-based carriers. They discussed how Zaro Transportation leverages SONAR to improve and increase its business. As an asset-based broker, Zaro Transportation is using SONAR to create more accurate rating processes and higher […]
Freight Broker Sales: Direct and indirect prospecting
It’s often difficult to identify who you should speak with at a company when you are prospecting for new business through freight broker sales. Freight can be controlled by a variety of departments. Sometimes there is only one decision-maker. Other times, however, there are multiple decision-makers that span multiple departments. How do you find the […]
10 Warehouse KPIs that impact freight management
The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. It’s only challenging to get a handle on the volume. And where do companies start to leverage top KPIs in supply chain settings and enforce policies, such as the inbound routing guide? […]
5 Ways Shipping Analytics in SONAR Adds Value For Brokers
Successful freight brokerages recognize that digital transformation continues to upend the industry. However, that is not all bad. Remember that shipping analytics is essential to identifying and overcoming disruption. And disruption continues to evolve and present new challenges, including a misplaced perception that digital technology will threaten such companies’ success. Supply and Demand Chain Executive […]
SONAR Indices & Insights: Monitor Intermodal Shipping Container Volumes with RAIL & Domestic Intermodal Spot Rates with INTRM
As we’ve been doing every Monday, the SONAR team teaches you about another index (or two) found within SONAR, the freight forecasting platform from FreightWaves. This week, learn how freight market participants monitor intermodal shipping activity with two indices: the RAIL index, to measure intermodal volumes; and INTRM, to monitor domestic intermodal spot rates. In […]
10 Supply Chain KPIs Freight Professionals Should Know
Effective supply chain management and logistics RFP processes depend on an accurate measure of the health of the business and the market. Big data provides an opportunity to gain those insights, especially during volatile freight markets. As further explained by Grainger, “Big Data gives businesses the ability to monitor products with laser-like focus as they […]
How to Be a Successful Freight Broker: Driving Value Through Bundling
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. In addition, the logistics and transportation industry is very competitive with few […]
5 reasons why real-time freight data is for freight market decisions
Successful supply chain management depends on the ability to collect data and apply it accordingly. That is an essential capability for all shippers and brokers alike. And major companies have taken notice. As explained by Grainger, “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable […]
5 Analytic Shipping Data Insights for Shippers From SONAR
Mastering changing market conditions has always been a goal for shippers, brokers and carriers. Market dynamics of freight management can turn on a dime. Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR […]
SONAR Indices & Insights: Monitor freight carrier operating ratio using SONAR’s Operating Ratio (OPRAT) index
Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week, learn how freight market participants, especially freight carriers, rely on FreightWaves SONAR’s Operating Ratio (OPRAT) index to monitor and understand carrier operating ratios. In this article, you learn what is the OPRAT in SONAR, who in the […]
4 Freight Broker Resources That Add More Freight Capacity to Secure Loads for Customers
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. And that is becoming truer as global supply chains accelerate in a post-COVID world. As […]
Building Trust & Enhancing Conversation with Freight Data (video)
#WithSONAR hosts Luke Falasca and Kyle Taylor are joined by Chris Seeds, Director of Sales at Bridge Logistics. They discuss how to use freight data to improve conversations and build trust with your customers. They also talked about reefer tender rejections and where the changes in the market can be seen. While reefer tender rejections are high […]
Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing, freight tendering and all other processes. According to Derrick Steiner of Digitalist Magazine, “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting […]
