10 transportation KPIs freight market participants should measure
Tracking the right key performance indicators (KPIs) is essential in all industries. Unfortunately, the list of possible transportation KPIs can make figuring out the most valuable metrics troublesome. As reported by S.L. Fuller of Transport Dive, “every company in every industry has a checklist of key performance indicators, ranging from EBITDA to growth metrics. […]
SONAR Indices & Insights: Get a Sense of Economic Activity or Indication of Freight Capacity with ACT Research Truck and Trailer Orders (ORDERS)
Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week the ACT Research Truck and Trailer Orders (ORDERS) index is highlighted. This index allows SONAR subscribers to view truck and trailer order data. This index is a monthly series on the number of heavy trucks and trailer […]
Transportation Benchmarking: Why Benchmarking Against Peers Aids in Turbulent Freight Markets
Within the transportation and shipping industries, one of the most challenging aspects of freight management and logistics comes down to knowing what to charge, when to charge it and what transport lines to use. However, a lack of freight market intelligence can lead to assumptions and spikes within total landed costs. While some deviations are […]
Q4 2020 Forecast – Freight Forecasting with Michael V (video)
Kyle Lintner, Principal and Managing Partner at K-Ratio, joins Freight Forecasting host Michael Vincent in a discussion of key market indicators and what they are saying about the fourth quarter of 2020. https://vimeo.com/463980262 Kyle and Michael also discuss key FreightWaves SONAR features – the Outbound Tender Volume Index (OTVI), the Inbound Tender Rejection Index (ITRI), charts and […]
Mountain Valley Freight Solutions moves to capture a larger market share with SONAR-powered rating and next-gen appeal
View the Full Case Study Mountain Valley Express, which owns Freight Solutions, was acquired in late 2019 by ground parcel services provider General Logistics Systems (GLS) to create a combined freight and parcel offering as a fast, flexible alternative to national carriers. The company sought to expand its ability to source truckload transportation and offer […]
Why successful freight brokerages look at origin/destination nuances
Freight brokerages are among the fastest-growing segments of the supply chain. According to Supply Chain Game Changer, “The transportation industry has seen a rapid influx of interest and growth over the last several years, and this includes the professionals who work as intermediaries between shippers and carriers. Licensed freight brokers operate around the country in […]
[PODCAST] What is SONAR?
“The Logistics of Logistics” is a podcast dedicated to exploring how things get places and the people who get them there. It is hosted by Joe Lynch, who talks with logistics and supply chain leaders about innovation, industry trends and the future of the logistics business. On a recent episode, Lynch spoke with Adam Robinson, […]
Trucking spot rates: Tips for freight brokers to price spot market lanes
Trucking is one of the most volatile markets in the economy. The spot market rate for trucking freight from point A to B changes daily on all lanes. For lanes with low load volumes, trucking spot freight rates can change significantly from day to day and week to week. This creates a challenge for freight […]
The Basics of Freight Market Intelligence (video)
The focus of this episode of #WithSONAR is how using freight market intelligence is different from knowledge of what is happening in the industry. Additionally, co-hosts Luke Falasca and Kyle Taylor look at how market intelligence is the tell-all for how freight rates change in the trucking market. SONAR indices such as Haul, OTVI and […]
Accessorial charges: Why shippers need Lane Score to mitigate extra fees
Accessorial charges have become a focus of the logistics and supply chain participants due to the impact accessorials have on all
SONAR Indices & Insights: See incoming ocean imports as a leading indicator of domestic trucking activity with Customs maritime import shipments (CSTM)
Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week the Customs Maritime Import Shipments (CSTM) is highlighted. This index allows SONAR subscribers to view leading indicators of domestic trucking activity in the near future, and plan for trucking capacity and freight rates. Read further to learn […]
Trucking route analyses that guide bidding strategies
“It’s just another day in the freight management world.” No one ever says this, because each day brings new challenges and opportunities to expand operations, meet higher freight demand, and secure healthier profit margins. However, gaining access to the data and knowledge needed to position a company for the most remarkable growth is not a […]
Transparency and Data Integrity in Supply Chain Resiliency (video)
Freight Forecasting host Michael Vincent is joined by Jeff Dangelo, Founder of Turvo in a discussion about the need to re-think collaboration, transparency and freight data. Dangelo co-founded Turvo, which is based in Palo Alto, California, in October 2014 after about 13 years in logistics and supply chain sales at MegaCorp Logistics and Total Quality Logistics. […]
How SONAR & a Powerful Freight Tech-Stack continues Q Carriers’ dependable four decades of service
View the Full Case Study over the last year, Q Carriers has been updating its tools and culture – and FreightWaves SONAR has been a key part of the transformation that has occurred. While managing its daily businesses, the company has been adapting culture and process while implementing results-oriented change management. These changes have been […]
Route Planning: Pre-empting the market with Lane Score risk assessment
The right route planning and route optimization strategy will reduce total landed costs and offer substantial advantages over traditional freight approaches. Shippers, carriers and brokers can apply freight forecasting data to generate actionable insights that lower rejection risk and streamline operations. The costs of taking advantage of such capabilities have dwindled. According to Aaron Huff […]
How Much Truckload Volume Comes From Ocean Imports (video)
Kyle Taylor and Luke Falasca, the co-hosts of #WithSONAR, are joined by Henry Byers, FreightWaves Maritime Market Expert. They discuss the amount of truckload volume that comes from ocean imports. They also cover why the current bull market in freight may continue to see elevated levels through the end of 2020. The American Shipper/FreightWaves Global […]
Better ground shipping time: How shippers lower freight rejection risk
Trucking and logistics continue to evolve as shippers, carriers, 3PLs, freight brokers and freight forwarders look for new opportunities to improve efficiency. Lowering the risk of tender rejections stands out as a leading way that companies can achieve that goal. Unfortunately, shippers’ typical processes for calculating and offering shipping rates can be substandard at best. […]
SONAR Indices & Insights: Analyze the effects of truck utilization and rates with Revenue per driver per week (DRVREV)
The SONAR team has another “SONAR Indices & Insights.” Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week we’ll highlight the Revenue per driver per week (DRVREV) and how this index allows SONAR subscribers to analyze the effects of truck utilization and freight rates. What is […]
When to move trucking assets: blue versus red Lane Scores
What goes into moving trucking assets? That’s a loaded question for shippers, freight brokers, carriers and 3PLs. Capacity, rates, demand, Mother Nature, politics, compliance regulations, fuel costs, accessorials, peak season flurries of activities, and countless other factors affect market conditions. As reported by Transport Topics, “the latest government reports show an economy continuing to struggle […]
Using Critical Freight Events Data
FreightWaves SONAR offers a Critical Events Center that provides key information before, during and after a critical event. For example, in the last 10 days it proved invaluable to many as Hurricane Laura approached the Gulf Coast, devastated parts of Louisiana and Texas and then left destruction as it moved inland and became a tropical […]
