Freight Business: Use SONAR indices to diversify your freight brokerage portfolio with port shipments
Risk management is important to any kind of investment. One of the best strategies of risk management is diversification of assets or revenue drivers. Brokerage leaders are turning to this strategy for their freight business. Many small and medium-sized brokerages find themselves entering the freight brokerage market with a specialized niche. You have a relative […]
[stackd] Using Data and analytics to make smarter retail shippers
Watch the episode On the episode you’ll hear: What is Hannah’s advice for retailers who want to reinvent themselves and perhaps what should they consider to stay optimized in shipping? How can retailers specifically leverage their network to help them deliver to their consumers more efficiently? What trends are you seeing for retailers in the […]
The relationship between intermodal shipping & ESG initiatives
Defining corporate goals in the supply chain can be a monstrous undertaking. Organizations are continuously focused on maximizing profitability and achieving a better reputation. However, there is a unique problem within the supply chain, and faster and free shipping does not always amount to sustainable shipping practices. More rapid transport will inherently mean a need […]
Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency
Companies in the over-the-road trucking industry constantly strive to boost efficiency. However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. With so many factors to consider, businesses in this industry may find it challenging to narrow down exactly where they should focus their time and money. And […]
SONAR Indices & Insights: See changes in capacity and a sense of shipping rates with the Weighted rejection index (WRI)
In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. Read on to learn what the WRI is, how it provides an ongoing outlook on trucking capacity availability, and how each […]
What is transportation rate forecasting and why do I need real-time data to forecast accurately
Nothing in life comes for free, especially in the transportation and shipping industry where predictive freight costs carry so much weight. It cost money to make money and even to try and save money. A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees […]
Manufacturing Supply Chain Constraints and How to Overcome Them
Managing the manufacturing supply chain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Several constraints and limitations exist that need to be dealt with and overcome to find success and growth. Supply chain constraints are impossible to avoid, but they can be planned for […]
[Chart of the Week] Produce season comes early: February storm aftermath causes reefer capacity crunch ahead of schedule
Chart of the Week: Reefer Outbound Tender Reject Index – USA, USDA Produce Truckload Spot Rate – Los Angeles to Dallas, Reefer Outbound Tender Reject Index – Los Angeles SONAR: ROTRI.USA, AGRATE.LAXDAL, ROTRI.LAX It is widely known at this point that the winter plunge that hit the central U.S. a couple of weeks ago sent shockwaves through […]
[stackd] The push towards digital transformation in freight, logistics & the supply chain
Watch the episode On the episode you’ll hear: How should the industry define digital transformation? Is that a term that’s been used too often in the supply chain over the last 12 months and people just gloss over it? How can we get practitioners to really embrace the idea of digital transformation? How does Comdata […]
Data analytics for logistics drives reefer efficiency via a real-time forecast
During times of disruption and recovery, as seen now in the transportation industry, keeping up with the changing pace is essential. Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. And a new suite of products, ranging from artificial intelligence through visualization tools […]
Mapping the trucking market: How data tracks freight economy, rates, capacity, volumes and rejections
Mapping the trucking market assists freight market participants with a flurry of benefits. Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. An in-depth understanding of the trucking market provides businesses vital information. That information then leads to […]
SONAR Indices & Insights: Improve Freight Shipping Procurement with SONAR SCI’s Lane Acuity
In this edition of “SONAR Indices & Insights,” readers will learn about Lane Acuity, the newest product app in the ongoing development of the SONAR SCI (SCI is an acronym for “supply chain intelligence”) suite of products. The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions […]
Truckload Shipping Procurement: How Large Data Sets/AI Aid in Pricing and Capacity Outlooks
Enterprise shippers and freight shipping managers have to plan and prepare for many processes and events that have yet to occur. Outlook and predictive planning are a big part of successful supply chain operations. This is particularly true for truckload shipping procurement. Being able to secure loads and maintain long-term shipping contracts is essential to […]
Non-asset Brokers: Should you buy assets?
Being a non-asset brokerage has its perks. Your sales team has the freedom to call any customer under the sun. Your carrier sales team is able to provide back up capacity instantly. Your liability is limited and risk are mitigated to the operations within your walls. So why get assets? Anyone that has made sales […]
Big M Transportation manages a 300+ fleet and helps get freight from A to B at a better price via SONAR
View the Full Case Study Big M Transportation/Diesel Express provides freight transportation and logistics services from its headquarters in Blue Mountain, Mississippi. As a family-owned and -operated business with freight transportation offered in the 48 contiguous states, insight into national and local markets is a key focus among owners Michael and Lisa Massengill. Michael founded […]
Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement
The SONAR chart above shows the Intermodal Initial Contract Rate Per Mile (IMCRPM1.USA) vs. the Intermodal Contract Rate Per Mile Final (IMCRPMF.USA) Reporting. Transportation procurement remains a major problem for enterprises faced with the need for faster and more extensive capacity. According to Richard Howells of Forbes, the 2020 Oxford Economics survey found “49% of […]
Retail enterprise suppliers’ best practices to use global trade data
Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. It has been and remains a key part of the transportation and logistics puzzle for enterprise shippers today. The world is more connected than ever before, especially in terms of shipment and logistics management. […]
[stackd] How freight tech hedges transportation risk & disruption proactively
Watch the episode On the episode you’ll hear: What’s Eytan’s journey to the world of freight and what is Freightos all about? What is the Freightos Baltic Index and why this index is critical for not only those who ship containerize ocean freight but also those who may be interested in seeing what is coming […]
Why near-real-time electronic freight tender trucking data is more reliable than waiting on submitted data
Data for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences. For instance, take the value added by more accurate data in the health industry. As explained by Fierce Healthcare in 2018, “consulting […]
BCOs and drayage planning: How global retailers apply data
Drayage planning is essential for global retail shipping supply lines and deals primarily with ocean imports. This service joins different methods of long-haul shipping to help smooth overall transportation hand-offs. Additionally, the shipping model usually focuses on the transfers of goods that come in on ships to other storage areas or to other shipping locations […]
