SONAR Indices & Insights: Plan and Measure Refrigerated Shipping Capacity & Rates
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 those freight parties who are executing refrigerated shipping moves, rely on SONAR indices that show reefer freight data and activity. In this article, you learn what are the various reefer freight […]
Freight brokerage software: why brokers need SaaS freight tech with real-time data
“What’s the best way to use data to beat your competition as a freight brokerage business?” Freight brokers are continually looking for the latest and greatest ways to add value and keep costs under control through new freight brokerage software. That’s regardless of whether it’s an asset-based broker or just someone who works with a company […]
4 Freight broker challenges when there is a lack of freight technology
There are many aspects of day-to-day shipping processes that any freight broker must monitor. Transportation costs are among the most critical of these. A more automated and technology-backed approach can make all the difference. According to TruckingInfo.com, “Some envision technology in the freight market doing what Uber and Lyft have done in the ride-sharing market […]
The Best Freight Brokers Use these 5 Questions when Prospecting
Prospects are not all created equal. The best freight brokers ask the right questions in freight broker sales when prospecting for new business. Knowing the right questions to ask makes it much easier to determine whether you should pursue a new shipper, or whether it makes more sense to move on to a better opportunity. […]
Freight tech: Three reasons why APIs provide freight parties rich data insights
Supply chains are continually advancing. Transportation optimization is the new standard for efficiency. New types of freight tech are rising to the forefront of the industry. According to Greg Siefkin of Material Handling & Logistics, “Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs. Cloud-based […]
How Edge Logistics uses FreightWaves SONAR as the Backbone for Growth
View the Full Case Study “Edge Logistics is all about data, so we use everything we can find. My career has been very IT-centric. That’s how I learned to be a broker, and that was how we got started back in 2010/2011. And using technology is the way that we built the company. In addition […]
How to create a carrier scorecard that includes predictive modeling around freight market volatility
Performance measurement and improvement, using transportation KPIs, are vital aspects of modern supply chain management. Successful performance measurement and management contribute to enhancements and help to optimize supply chain resources. That includes improvements within the carrier and LSP network. And despite freight market volatility, the freight market continues expanding. According to Globe News Wire, “The […]
How to use freight data to beat your competition (video)
On this episode of #WithSONAR, hosts Luke Falasca and Kyle Taylor are joined by Tom Curee, Senior Vice President of Kingsgate Logistics. Kingsgate is a subscriber to SONAR and uses it daily. Kingsgate Logistics offers a full scope of logistics services facilitated by leading-edge technology, and provides truckload, less-than-truckload (LTL), expedited, intermodal and international shipping. Watch […]
Digital freight brokerage: 5 ways freight technology will drive competitive advantage
Technology is now the primary differentiator for freight brokerages. Luckily, for freight brokerage businesses of all sizes and budgets, technology continues to become more powerful and less expensive each year. Many freight brokerages, like many companies in the freight industry, are adopting technology and having a mindset of a so-called “Digital freight brokerage.” This trend […]
Transportation Optimization: Using freight technology as a guide for innovation during disruption
Transportation optimization sounds exceedingly complex. However, it is merely the process of reallocating assets and making the best decisions to maximize supply chain resources. Unfortunately, finding the best ways to enable transportation optimization remains out of reach for many companies. With that in mind, companies can use freight technology to guide changes and improvements throughout […]
SONAR Indices & Insights: How to Use the Tender Lead Times Indices (TLT) to measure a freight shipper’s reaction to capacity changes
Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week the Tender Lead Time Index (TLT) that measures the length of time in days between the load being offered and the requested pickup date, is highlighted. Read further to learn what the Tender Lead Time Index is […]
Logistics Business Growth: How trucking and logistics companies identify opportunities for growth
Logistics business efficiency depends on the ability of companies to find and apply business growth opportunities. And that’s never been more critical. Survival in the era of globalization means identifying logistics business growth opportunities within the freight market. Both trucking and logistics companies need to know a few things about how to identify and leverage […]
Taimen Transport moves into the 4PL space with SONAR-powered freight management
View the Full Case Study Taimen Transport LLC – A rapidly growing North American Logistics Services Provider –is advancing its ability to become a best in class 4PL and add even more value through its latest software use case: deploying FreightWaves SONAR. Having previously deployed the single pane of glass potential of Turvo, Taimen Transport […]
Truckload carrier sourcing: Tips for building out your carrier network
Freight brokerages are only as good as their network of carriers. It is the ultimate chicken and egg scenario. Freight brokerages need loads from shippers to generate revenue. They also need carriers to execute those loads. Which comes first? The loads from shippers or the capacity from truckload carriers? The answer is both at the […]
Using freight market intelligence to boost sales (video)
#WithSONAR co-hosts Luke Falasca and Kyle Taylor are joined on this episode by FreightWaves founder and CEO Craig Fuller to talk about boosting sales using freight intelligence gleaned from FreightWaves SONAR. Watch the episode below: https://vimeo.com/468323981 Using Freight Intelligence to Guide Sales and Boost Profits Falasca said, “On today’s episode of #WithSONAR, we look at […]
How freight business intelligence powers decisions based on real-time data
Unlocking better freight cost management continues to redefine the standards around the globe. As companies look for ways to maximize value, the use of freight business intelligence, including actionable indices and meaningful trucking rate market metrics, comes to the forefront of the topic. And according to Kyle Taylor and Luke Falasca on an episode of […]
SONAR Indices & Insights: Measure Truckload Capacity Tightness & Rates Per Mile with Lane Signal
Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week the Lane Signal app, which provides a summarized view of SONAR’s data translated into an indexed signal and rate per mile, is highlighted. Read further to learn what the Lane Signal app is and how combining Lane […]
How building density in freight and transportation networks drives profitability for 3PLs
The rise of digital logistics and freight market intelligence has a profound implication for third-party logistics providers (3PLs). Companies are finding ways to do more with less, but as a 3PL or a freight brokerage, doing more with less can almost feel like doing way more with less profit per transaction. And according to Seth […]
How Loadsmart uses SONAR to Train Pricing Algorithms & Provide Freight Market Insights to Customers
View the Full Case Study Founded in 2014, New York-based Loadsmart is a technology company whose online platform makes it easier for shippers to move freight fast, and easier for carriers to keep their trucks full. Loadsmart’s mission statement is simple – to transform the future of freight by leveraging cutting-edge technology and strategic partnerships […]
Freight Markets: 4 Strategies to Navigate Volatile Times
Earlier this year, Mike Wackett of The Loadstar reported, “Shippers and BCOs are being advised against signing long-term contracts with ocean carriers, due to the ‘unprecedented uncertainty’ in the liner industry.” As the 2020 peak season approaches, uncertainty continues and forces more companies to rethink their freight management strategies. Uncertainty within all freight markets points […]
