[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 And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences.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 […]
SONAR Indices & Insights: Intermodal transportation vs truckload? Using Intermodal Savings Versus Truckload Tickers
In this edition of “SONAR Indices & Insights,” readers will learn about the FreightWaves SONAR intermodal contract savings versus truckload tickers, added to SONAR so shippers, carriers, intermodal marketing companies and analysts can see the average percent difference between intermodal transportation contract rates and truckload contract rates on the same lane. These latest tickers again […]
Highlighting Ocean Trade #WithSONAR (w/ video)
The #WithSONAR podcast typically focuses on over-the-road trucking operations, but on this episode, co-hosts Luke Falasca and Kyle Taylor zero in on SONAR indices that monitor ocean shipping conditions. Watch the episode about highlighting ocean trade below Less and less freight is produced domestically, so surface transportation providers in the U.S. are reliant on the […]
Why data source matters to accurately and objectively assess the over the road trucking market
The digital age has presented a wealth of opportunities for the over the road trucking market. As explained by Supply & Demand Chain Executive, “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. COVID-19 has also accelerated technological adoption by an order of magnitude. Everyone is working […]
Using freight market signals to stay ahead of any freight market storms
Once weather like the snowstorm in Colorado or the one seared into Texans’ Valentine’s Day memory hits, it’s easy to predict what is going to happen next—the freight market in the area halted to a stand-still and strangled capacity, as also reported by The Dallas Morning News. Weather like this makes it easy to predict […]
Making your carrier sales team as powerful as your customer sales team
Photo: Jim Allen/FreightWaves at Edge Logistics The freight brokerage industry has traditionally focused its attention on the training and development of its customer sales staff. In a buy-sell brokerage, customer sales are incentivized to hunt and gather more freight, to bring in more revenue. In a cradle-to-grave freight broker business model, customer sales are overly […]
What is a freight calculator and how do carriers, brokers and shippers use calculators
(Photo: Jim Allen/FreightWaves at DFW Airport) As part of the shipping process, load and delivery management metrics must be developed for each company and at times each load or shipment. Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for […]
Shipping demand management: why enterprise shippers need in-depth insights
Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. That’s even more true since transportation capacity, indicated by LMI.TPCP, is at 46.34, well below prior […]
[Chart of the Week] Spot market rates set to resume slow downward trend after wild winter: Carriers, brokers have a duty to reduce risk of financial losses
FreightWaves scientific rates are predicting a return to a slow downward trend after the impacts of the past month’s winter storms recede. The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. The overriding trend prior to these storms was that of […]
How data kickstarts the supply chain flywheel
By Jason Murray, CEO of Shipium Early in my 19-year Amazon career, a preferred framework for continuous improvement along the supply chain emerged. Operators and decision makers followed the framework as the basis for the step-wise improvements Amazon made in its supply chain approach. The idea went something like this: There is no strategy without […]
[stackd] How Freight Tech aids in Operational Efficiency in Volatile Markets
Watch the episode Welcome to another episode of “stackd,” the show hosted by FreightWaves VP of Product Marketing, Adam Robinson, where listeners will hear from leaders, innovators, and practitioners in the world of freight to discuss the role of technology to provide efficiency, cost reduction, and competitive advantage. You can subscribe and find the “stackd” […]
5 use cases of supply chain visibility and data for shippers
Supply chain visibility has become a vital element in today’s ever-changing market. As reported by Project 44, “Gartner projects that 50% of global companies will have implemented or invested in “real-time transportation visibility solutions.” Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. With […]
SONAR Indices & Insights: Use FreightWaves’ Scientific tickers to backtest predicted linehaul spot rates actual rates
IMAGE ABOVE: FWS.USA (Dry van) compared to FWSR.USA (Reefer): FreightWaves Scientific Van Rate Per Mile Current Day Rate Ticker) In this edition of “SONAR Indices & Insights,” readers will learn about the FreightWaves SONAR Scientific Rate (FWS.USA) tickers, added to SONAR so subscribers that wish to backtest the predictive freight rate models against their own […]
The biggest challenges in asset-based trucking to overcome in 2021
Asset-based trucking leads to several inevitable challenges. These challenges frequently leave shippers and logistic service providers (LSPs) scratching their heads. These challenges may appear overwhelming, but shippers and LSPs can combat them by knowing the driving forces behind them. Awareness of these challenges can ensure that shippers and LSPs remain prepared for market deviations and […]
Using SONAR alerts to help close freight sales with tender lead time index
(Photo: Jim Allen/FreightWaves at Edge Logistics) When leading a freight sales team, it is critical to recognize the importance of a sales representatives’ time management and where their attention is directed in order to get the best return on their efforts. Many freight sales professionals will tell you they landed a customer because they “called […]
Nussbaum Transportation Services streamlines quotes with FreightWaves SONAR
View the Full Case Study Nussbaum Transportation Services has a rich history that goes back to its founding in Fairbury, Illinois. Operating as an employee-owned organization since 2018, Nussbaum provides a variety of brokerage services as an asset-based carrier. The company offers multi-stop, round-trip, power-only and irregular truck route transportation and services to various industries. […]
What shippers need to know about how carriers price freight with historic, peer and market data
A certain level of fees and freight rating expenses are standard in shipping and transportation. They are expected and should be anticipated – with laser-precision if possible. However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. But knowing what’s happening based […]
What enterprise shippers can expect from logistics automation in 2021
Automation continues to prove its value in building transportation and freight management relationships. Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. This remains particularly true for shippers and logistics managers. The use of logistics […]
