Stay ahead of the volatile freight market

SONAR delivers trusted data and analysis across the global freight market—fast.

Five things you need to do before the market turns

1. Monitor Rejections

Market rate data will follow the tender rejections across broader markets. The greatest indicator of supply chain trends lies in tender data.

2. Analyze Demand

Freight volumes are at 25% lower than their peak, leaving carriers hungry for the right freight. Until volumes change, rates will continue to decrease to the market floor.

3. Dynamically Adjust Rates

Move from rigid rate agreements that become outdated often before implemented, and create agreements that adjust rates to match the freight market, improving compliance and performance.

4. Implement Infrastructure Changes

By making smart investments in infrastructure, you can streamline your operations and improve efficiency. This includes technology, new equipment or facilities, or even reconfiguring your warehouse layout.

5. Use Forecasting to Predict Market Movement

Market signals, backed by an army of experts, are the key to seeing the turns before they happen. Create stronger relationships with the partners you trust now, and it will pay dividends when the market inevitably shifts again.

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What's the SONAR ROI?

Use our calculator to find out.

Carrier
Shipper
Broker

Number of trucks*

Miles per day per driver*

Average rate per mile*
Cost dollar amount as a number (Ex: 1.65 for $1.65)

Number of loads per week*

Average cost per load*
Cost dollar amount as a number (Ex: 100 for $100)

Number of brokers*

Loads per broker per day*

Average margin per load*
Margin dollar amount as a number (Ex: 100 for $100)

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

Analyze and benchmark rates, risk, and reliability

Seamlessly navigate market fluctuations with SONAR’s user-friendly dashboards. Utilize data from over $100 billion of freight invoices for end-to-end visibility into performance and cost.

Configure dashboards of near-time freight market insights to analyze your uploaded lanes
Break down your network by lanes to reveal how your organization compares to peers in the overall market
Automatically identify and visualize the biggest opportunities for cost savings and biggest risks for service disruptions

Grocery Chain Finds Millions in Savings

A regional grocer was searching for a way to:

Improve transportation purchasing efficiency
Reduce overall spending on applicable lanes
Mitigate service failures related to rates

Industry-Leading Freight Data and Analytics

Utilize actionable data at your fingertips to make data-informed decisions – despite supply chain disruptions.

SONAR Supply Chain Intelligence (SCI)

A groundbreaking data and analytics platform that advances transportation planning, procurement, and finance teams to balance the optimization of rates and tender reliability to increase the efficiency and effectiveness of their company’s supply chains.

Freightwaves SONAR Trusted Rate Assessment Consortium (TRAC)

FreightWaves TRAC calculates spot rate data by collecting data from trusted contributors to provide daily load data by the booked date based on near real-time rate information for hundreds of thousands of unique loads.

SONAR Container Atlas

Contain Atlas is multidimensional, high-frequency ocean market data collected at the point of booking that is unavailable anywhere else. Make more informed, forward planning, and profitable decisions when working with ocean carriers using near real-time, granular carrier capacity and service metrics.

SONAR Market Dashboard+

SONAR Market Dashboard+ is a multi-lane analysis tool designed to accelerate bid management, frequent-lane monitoring and corridor trend visualization. Market Dashboard+ builds off the original Market Dashboard tool which is powered by the Trusted Rate Assessment Consortium (TRAC), which focuses on spot rate data in a single lane.