freight shipping procurement

SONAR SCI (Supply Chain Intelligence)

SONAR SCI (Supply Chain Intelligence) gives you access to freight pricing data collected from key market-driving freight shippers. SONAR SCI collects paid contract rates from freight shipper invoices, valued at $80 billion, to provide insight into the freight market.

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SONAR Supply Chain Intelligence
Daily Market Dashboard

Get Near Real-Time Contract Freight Rate Data

SONAR SCI gives shippers access to contract rate data collected and aggregated from carrier contract invoices. Users can also manually or automatically connect historical data to SONAR SCI to enhance contract rate outputs. 

Using SONAR SCI, users can benchmark, analyze, monitor, and forecast their freight spend to support better freight contract negotiations, especially for long-term freight RFPs. Access to aggregated contract rates enables users to benchmark their data more comprehensively against their peers.

SONAR SCI Opportunity View

Better Insights with Truckload Rate Data

SONAR SCI Summary View

Typically, shippers use internal historical contract rates to support future freight contract negotiations. Historical rates, however, don’t reflect market swings or current conditions to support predictive rate analysis. Take a more active and targeted approach in managing how to spend money or spot opportunities using SONAR SCI. 

SONAR SCI uses two main data sources to generate contract rate data outputs: 

  • FreightWaves’ tender data to measure compliance and capacity conditions; 
  • Carrier invoice data to provide benchmark rates in over 700,000 lanes. 

SONAR SCI offers the following views:

  • Lane data summaries to group the biggest risks and opportunities with tangible financial results in the form of variance in spend to market. 
  • Cost-savings opportunities on lanes that carriers have less optionality.
  • Cost-earnings on lanes contracted at lower than the market rate because carriers have elevated optionality or leverage. (De-risking, which also leads to long-term cost savings)

SONAR SCI collects contract rates paid out to carriers from freight invoices collected every night. Our proprietary inverse-weighted algorithm balances the specifics of the lanes you run with the most recently available trends in transportation pricing to produce a rate that’s more reflective of the market.

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SONAR SCI Network View

Supply Chain Data and Visualizations

The Summary View is divided into three sections. The top line simply sums the potential freight spend, load count, miles and carbon footprint. Using these numbers lets users make sure the data is in line with what is expected. 

The Opportunity View summarizes the total freight spend risks and opportunities. The overpayment box shows lanes with favorable capacity conditions but contracted at higher than the market average rate. The market rate is determined using analysis of nearly $100 billion of settled contract carrier invoices. 

Different data visualizations make it easy to spot patterns in SONAR. The dynamically populated map shows a user’s current freight network or shipping patterns. And the interactive distribution map shows how much of the freight spend is above or below market.

Daily Market Dashboard

Contract Rate Data to Maximize Freight Spend

The Opportunity View shows lanes contracted above market rates. Easily identify lanes with the largest deltas against the market to see where you’re overpaying. This view also lets users perform deeper analysis on “low-hanging fruit” opportunities with access to more granular data. 

SONAR SCI’s proprietary composite scoring algorithms identify high-stability/attractive lanes based on the market rate. Find supply chain network route guide compliance risks and identify opportunities to increase service levels.

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SCI List View

Freight Industry Benchmarks and Insights

SONAR SCI’s Lane Acuity lets users compare targeted benchmark rates to the industry, the overall market, peers, and at a pricing level. SONAR uses data from actual load tenders, electronic logging devices and TMS, along with dozens of third-party global freight and logistics-related index providers like TCA Benchmarking, Freightos, ACT, Drewry and DTN to calculate rates. 

Unlike other available contract rate data sources, SONAR SCI uses confidential and proprietary data from industry peers – including paid data valued at $80 billion – to determine contract rates that reflect market conditions.

Supply Chain Intelligence and Analysis

SCI Dashboard

SCI’s Lane Acuity provides users deeper insights into a lane. Lane Acuity looks at a lane by mode inside a transportation sector. Lane Acuity lets you:

  • Score, measure, and benchmark Lane Stability and pricing. 
  • Handle existing RFPs or those out-for-bid.
  • Strategically select the best execution lanes depending on your supply chain. 

Input a target benchmark rate using the lane upload feature rate to quickly analyze current contracted rates and gain insight into the market.

Lane Acuity scores a lane by analyzing pricing, competition and transportation mode. A low SCI score, like 30, indicates difficulty in securing lane coverage at the target benchmark rate. A high SCI score, like 70, however, indicates the likelihood of covering a lane at the targeted benchmark rate.

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SCI Summary View

Contract Rate Data for Better Benchmarking

SONAR SCI combines data from multiple shippers and carriers to calculate contract rates that reflect market conditions. Confidential, and thoroughly anonymized contract data is collected and then analyzed within the platform to generate rates for better benchmarking. 

  • Several hundred shippers
  • More than 13,000 carriers
  • 6 trillion pounds of freight
  • 97 million unique shipments
  • $136 billion of paid freight spend
  • 95 billion miles of transit
  • Data is broken down into industry cohorts called “peers”
    • Example: An auto manufacturer has a different supply chain than a big box retailer. With SONAR SCI, users can compare specific industry rate and demand dynamics instead of using a general market overview.
    • When the data is combined with SONAR’s tender data, the map of the market and industry-specific dynamics become immediately visible.
Daily Market Dashboard

Truckload Rates for RFPs and Contract Negotiations

Using a number of proprietary data sources, SONAR SCI provides critical information to help shippers analyze and negotiate better contracts. Use SONAR SCI data to guide day-to-day contract negotiations, like short- and long-term RFP decisions. 

Additionally, SONAR SCI helps identify issues within existing bids by comparing contract rates to the current market. Ensure greater rate accuracy by using your organization’s historical rates by integrating your TMS with SONAR.

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SONAR SCI Network Dashboard

Supply Chain Intelligence for Shippers

SONAR SCI provides unique methods for shippers to gain visibility into their transportation spend – and to manage it more effectively. SONAR SCI data helps users identify issues inside existing lanes and offers guidance for RFP negotiations. 

SONAR SCI benefits shippers in the automotive, CPG, retail, and manufacturing industries. This unique platform can change how shippers view operations and make decisions. And while SONAR SCI contains massive amounts of data, it is presented in an easy-to-use, easy-to-understand dashboard. 

SONAR SCI provides near-time data (less than 24 hours old) at “rocket speed.” In addition to near-time data, SONAR SCI provides context regarding rates by lane. Users can benchmark, monitor current rates, analyze historical rates and enhance performance, market intelligence and service levels.

Daily Market Dashboard

Get Actionable Insights using SONAR SCI

SONAR SCI generates critical information to help guide RFP decisions. The platform combines the going-market contract rates, rates from industry peers, and your organization’s historical data to make it easy to spot opportunities and secure the best rates for moving loads. 

Get critical insight by using SONAR SCI to see lane volatility at both origins and destinations. Historical data on tender rejections, seasonality, and overall market size or volume lets you make better decisions and spot opportunities across major lanes. 

Sophisticated but simple, SONAR SCI empowers its users with actionable, near-real-time data, insights and intelligence. With easy access to contract rates that reflect market conditions, SONAR SCI data provides a new realm of performance and operations management.

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SCI List View