How Edge Logistics uses FreightWaves SONAR to Automate Years of Tribal Knowledge
View the Full Case Study The COVID-19 pandemic brought unprecedented uncertainty to the freight market, sending freight rates from some of the lowest levels in recent years to record-high levels in just 18 months. When looking for partners, shippers are seeking those that actively participate in the freight market in addition to providing strong service […]
FreightWaves adds fuel data to SONAR SCI
FreightWaves has upgraded SONAR SCI to include fuel surcharge estimates at the lane level. FreightWaves is also adding the Global Supply Chain Pressure Index (GSCPI) to the SONAR platform.
Mutual Customers of TAI TMS and SONAR will have a new way to view SONAR data
Mutual customers of Tai TMS and FreightWaves SONAR have an easier viewing of SONAR data. The new partnership brings SONAR data right into Tai’s transportation management system (TMS), eliminating the need to toggle between multiple applications. Current SONAR customers who have a SONAR API subscription to our Capacity Market or Lane Scores and/or FW TRAC […]
Why do carriers expect pricing momentum to continue into 2022?
Earnings season is here and the general theme across truckload carriers is carrying higher rate momentum into 2022. Carriers have benefited from increased freight rates across the board, but not every carrier experienced record revenue in the fourth quarter. Market conditions are still quite favorable for carriers, but driver retention and recruiting continue to be […]
How a CPG Shipper Stayed Out of the Spot Market and Achieved a 20x ROI
Tricky freight, short lead times, and inflexible delivery windows meant that one consumer packaged goods shipper was punished when its core carriers fell off.
Transportation cost analysis: Beyond benchmarking to improve carrier pricing
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. Without clear budgeting and cost-prediction […]
FreightWaves’ TRAC: Better Data Means Better Deals
FreightWaves has formed the Trusted Rate Assessment Consortium (TRAC) to provide the most up-to-date view of U.S. spot rates.
Tough sledding ahead for 2022 bid season
Shippers are facing a tough road in 2022. A relief valve to remove all the pressure on transportation networks isn’t coming, at least in the near future as capacity constraints are seemingly endless. The semiconductor shortage, a tight labor market, increased consumer spending and congestion at the ports are all constraints that haven’t improved over […]
Descartes and FreightWaves combat capacity crunch with real-time lane data
The SONAR Lane Score is now available in Descartes Macropoint Capacity. The partnership brings nearly 100% visibility to U.S. freight markets by lane. Direct access to SONAR Lane Score within MacroPoint Capacity helps brokers maximize efficiency by bringing in useful data into one platform. This Descartes-FreightWaves partnership combines two leading technology solutions to address the […]
4 tips for carriers to maximize fleet asset utilization rates using data
Are you using your trucking assets as efficiently as possible? Have you taken any steps to increase capacity utilization? Chances are that you answered “yes,” but your attempts to maximize fleet asset utilization continue to fall short of your expectations. And it’s not just your company suffering from inefficient asset utilization. As noted by Joseph […]
What is expected during peak season?
All three major modes of transportation – maritime, intermodal and truckload – all have very different peak season timelines. The maritime sector has been operating at peak season-like levels for much of the past year. Traditional maritime peak season has passed, with goods needed for the holiday season already stateside. Traditionally, intermodal volumes peak in […]
Building a bridge between ocean and domestic transportation markets
Understanding ocean shipping trends is vital to understanding the freight flows in domestic transportation markets. The easiest identifier is linking rises (and falls) in import volumes that are clearing U.S. Customs in port markets with increases (and decreases) in both truckload and intermodal volumes in the markets. The free white paper, Ocean markets drive the […]
Best Dedicated Solutions Uses SONAR to Help Its Customers and Itself
View the Full Case Study Best Dedicated Solutions (BDS), which is headquartered about 40 miles northwest of Chicago in Vernon Hills, Illinois, has two companies operating under its umbrella. Best Dedicated is an asset-lite brokerage and Best Courier focuses on asset-based last-mile movements and other deliveries for local routes. As an asset-lite brokerage, BDS has 300 trailers […]
Using data aids shippers in holding carriers accountable
Shippers are at a disadvantage in negotiations with carriers and brokers unless they have adequate data and real-time information surrounding the freight market. Shippers’ main focus isn’t moving freight, it’s manufacturing the goods to be moved. Then shippers enter negotiations with carriers and brokers, who live and die by the freight market, putting them on […]
Apparel companies shifting to air freight to offset congestion at ports
Shippers are facing supply chain challenges from all sides – sourcing, manufacturing, global shipping and domestic transportation networks. Domestic transportation networks receive a great deal of attention, but shippers are having to make expensive decisions before products even arrive on U.S. shores. As peak retail season approaches, shippers in the retail space are focused on […]
Carbon intelligence data improved in FreightWaves SONAR SCI
The FreightWaves SONAR Supply Chain Intelligence (SCI) platform now features emissions calculations that are compliant with the GLEC Framework, deepening its carbon intelligence data.
How freight markets react amid weather-related chaos
Major weather storms have been prevalent throughout the years and 2021 is no exception – the major winter storm that swept the nation in February, multiple hurricanes with the latest, Hurricane Ida, ravaging the Gulf Coast. These major weather events affect transportation markets in the days leading up to the event and following the events […]
Maritime Market Madness
You’ve heard of “March Madness.” Well, the maritime market is in the middle of its own “August madness.” The maritime market madness has caused some retailers to wonder if Christmas is going to be canceled. While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is […]
Identifying freight market trends across all modes
Short-haul volume growth shines a light on current trucking trends Understanding freight trends from the beginning of the supply chain all the way through to delivery is important for all parties involved. Current market conditions are among the most difficult that the industry has faced in recent years. The capacity constraints across all modes haven’t […]
Trucking rate relief in 2022? Not so fast
Shippers hoping for trucking rate relief in 2022 are going to be severely disappointed. The trucking freight market is one of the most volatile markets on the planet, especially since 2014. What is causing these massive swings? Supply and demand, naturally. If you really want to understand the market’s rate direction, you must understand how […]
