New features in Market Dashboard+
When operating minibids or short-term RFPs, or when pricing individual loads, it is important to understand the directional movement of freight trends in order to be proactive in your pricing strategy. New features are available in Market Dashboard+ that help users quickly identify trends and market movement. We’ll cover a couple of them here. Outbound […]
3 ways shippers use FreightWaves SONAR to drive ROI
SONAR’s combination of high-frequency data and expert guidance is critical for taking supply chain resilience to the next level.
Five things you need to do before the market turns
The freight market is continuing to drive to the bottom, here are five things you need to do before we get there.
Why freight is a commodity
Transportation remains as critical to the production infrastructure as many of the physical goods “commodities” we rely on today. Transportation capacity has largely been taken for granted. Deregulation and extreme competition have kept prices relatively low and given the illusion of consistent availability. But over the past five years, volatile economic conditions have exposed just […]
How to think about your freight RFP strategy
Tailor a mini-bid strategy that plays to your strengths and protects your weaknesses. New technologies have made it possible for shippers to efficiently bid out their freight and mark rates to the market regularly, optimizing networks for the right balance of cost and service. In the past five years, three important developments have transpired to […]
How CFOs should think about supply chain costs
Taking control of supply chain costs Medium-size players often struggle to build competitive supply chains By Todd Maiden The need for more investment in supply chains has been a common conversation in the C-suites of retailers, distributors and wholesalers for the better part of the last decade. As consumer brands advance their e-commerce ambitions, competitive […]
Contract vs spot markets: How to navigate shifting freight landscape
Contract rates and spot rates move in tandem with each other. Understanding what fuels these shifts is crucial to thriving in the transportation industry.
Managing transportation spend without compromising service
These are steps companies can take when striking a balance between transportation spend and service quality.
Why supply chain leaders need data now
According to a recent Gartner research report, 69% of Chief Supply Chain Officers have already invested in supply chain data analytics to strengthen real-time decision-making. Have you? The right use of supply chain intelligence can have a significant impact on logistics. By investing in the right analytics, companies can gain insights into their supply chain […]
How to build dynamism into your transportation network
It’s time to rethink shipper-carrier relationship dynamics, shifting the focus from transactional to transformative.
Why FreightWaves SONAR uses multi-factor authentication
Data Security in Two Steps The FreightWaves SONAR platform uses multi-factor authentication (MFA) to add an extra layer of security to the system. SONAR’s multi-factor authentication is a lightweight, fast solution that doesn’t impede user workflow. When a user logs in, SONAR sends a one-time verification code to the email address associated with the account. […]
What is TRAC?
TRAC: Not just another truckload rate source Everyone has rates. Rates are table stakes for supply chain performance. If you’re a leading shipper, broker or carrier and NOT using rate data, your partners and competition are likely outperforming you. Wouldn’t you know it, FreightWaves SONAR has rates. In fact, SONAR rate data is the most […]
Freight volume data a reliable proxy for health of ‘Main Street economy’
The freight markets go hand in hand with the “goods” portion of the economy, and understanding transportation trends means understanding economic trends.
Five reasons freight procurement is broken
Freight procurement can feel like an exercise in futility: You spend months analyzing your transportation spend and carrier performance, putting lanes out to bid and deciding how to award freight, only to end up in the spot market at the last minute or rebidding all of your lanes again if the market shifts. Far too […]
Good data: How IOSCO compliance leads to accurate spot market rates
FreightWaves TRAC rates stand apart from the rest thanks to this focus on ethical and accurate data gathering.
Top 5 tips for shippers in 2023
The past six years have been a roller-coaster ride for domestic transportation. Supply chain management has become part of mainstream discussion thanks not only to the COVID pandemic, but also to the geopolitical environment becoming unstable. Companies can no longer take a passive approach to manage their transportation services and expect things to “return to […]
Legacy vs. freight volume data: SONAR provides clear advantage for transportation leaders
Freight pricing is largely determined by the balance of supply and demand. Because of this, legacy signals do not provide the same advantages as understanding the direction of freight volume.
CPG and food and beverage companies can use inbound tender volume indices to monitor capacity changes
Changes in inbound tender volumes indicate increased or decreased capacity in any given market. The inbound tender volume data housed in FreightWaves SONAR gives shippers an actionable, near-time view of these shifts.
Outbound volume data provides capacity blueprint for logistics teams
The outbound tender volume data provided in FreightWaves SONAR allows companies across the supply chain to visualize freight movement, enabling them to anticipate market changes and respond appropriately.
3 big reasons CPG and retail companies rely on SONAR to improve supply chain management
A recent FreightWaves Research outlook says that 2023 is set to be one of the toughest economic environments that consumers have faced in numerous years.
