Forecasting benchmark spot rates
Overview FreightWaves Benchmark Spot Rates provide a cost-based model for setting spot rates for more than 735,000 zip3 origin-destination pairs greater than 250 miles in the contiguous United States. They are based on an empirically derived conceptual model that accounts for market conditions, including tender data, toll data, several other miscellaneous variables, and aggregated carrier […]
5 Freight Benchmarking Best Practices
Freight benchmarking is one of the most important tasks any company can undertake. If you do not know how you compare to your peers, then you are driving in the dark in many ways. Belonging to a benchmarking group eliminates a company’s desire to keep the status quo. The external data and metrics from a […]
Brokerage benchmarking: Your prescription for success
Let’s face it, starting a brokerage does not require significant upfront capital, relative to other businesses in other industries. In fact, many of the nation’s top logistics operations started with a telephone, a prospect list and the dream of an entrepreneur. Despite the ease of entry, growing a successful brokerage business with true staying power […]
Why freight brokerages should benchmark their performance against competitors
FreightWaves offers financial and operational benchmarking for 3PLs and freight brokerages