Gaining insight into FreightWaves SONAR emissions data presents multiple benefits for businesses. When companies lack visibility into emissions, preventable challenges arise that cost shippers revenue and affect the environment. Understanding emissions data allows optimal planning and strategies for shipment execution, which in turn provides solutions to wasted cargo space and provides the most efficient transportation mode for the job. Moreover, it cuts costs and lowers carbon emissions. Showing this type of objective data at the negotiation table allows a shipper to present better RFPs and mini-bids. As data affects all parties involved (from carriers, brokers, analysts and consultants), everyone benefits from accurate, comprehensive information across the board.
When shippers don’t have visibility into SONAR emissions data, it costs organizations more money and carries consequences for the environment. Companies must have systems and technology in place that produce meaningful data that tracks the measurement of emissions. Without this indispensable insight, avoidable challenges present themselves. For example, the ability to identify which lanes have a higher emission risk or lanes with a reduced emissions risk. Companies ideally want to avoid high-risk situations. Due to limited visibility, companies overspend and waste fuel, resulting in a financial loss and unnecessary environmental damage.
With emission data awareness, organizations can show proof through reliable facts on how emissions are being emitted and by which shipping mode. Choosing the most efficient carrier now becomes a viable option. Knowing this type of data ultimately leads to the renegotiation of RFPs and mini-bids. The ability to present objective data at the negotiation table yields benefits for all parties involved.
There are many multifaceted ways to approach the use of data. First, let’s dig a little deeper into how shippers could leverage SONAR emissions data by:
While the data is isolated to shippers as part of SONAR SCI, it has a natural implication for other freight management segments. For instance, take the following possible use cases across other parties:
Insight into SONAR emissions data can help reduce emissions while conserving the environment. The Environmental Protection Agency (EPA) reports that greenhouse gases (GHGs) from the transportation sector contribute the largest amount of emissions in the U.S. Therefore, each organization has a responsibility to address this outcome in an accurate, trackable way. Interpreting emissions and environmental data, and executing on the insight that they provide, creates savings and reduces the impact that GHGs have on the environment. Request a FreightWaves SONAR SCI demo today.