[WHITE PAPER] Auto manufacturers can use real-time freight data to better manage freight spend

Tony MulveyFreight Market Blog

Automobile and auto parts manufacturers have been dealt a difficult hand over the past year as the onset of the COVID-19 pandemic led to a shutdown in manufacturing facilities, not just across the U.S., but around the world. As the world recovers from the pandemic, now numerous supply chain impacts – including a global semiconductor shortage and inflationary pressure on a number of inputs, including freight costs – are significantly hampering the automotive industry, causing temporary shutdowns at some facilities.

The free white paper, Data in the fast lane – managing automotive logistics amid component shortages, shows how real-time data can enhance decision-making around the supply chain. FreightWaves’ SONAR and SONAR Supply Chain Intelligence platforms assist automotive manufacturers to save money, de-risk from market shifts and understand how they stack up against competition. The real-time data helps for automotive shippers to:

  • Understand volatility in the major automotive manufacturing and freight markets across the U.S. 
  • Understand where intermodal conversion makes sense given tight truckload capacity
  • Potentially generate substantial savings via intermodal conversion as contract rate data shows the premium that automotive shippers are paying to move goods via the highway

Additionally, the white paper dives into Canadian National Railway’s pending acquisition of Kansas City Southern and the potential efficiencies experienced as the Port of Vancouver, one of the largest ports for automotive parts entering North America, will be connected directly with automotive manufacturing facilities in Mexico.

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