Supply Chain Benchmarking for Beginners
You don’t have to use historical data to justify your contracts…or at least you shouldn’t. Transportation pros from the executive seat down to the entry-level analyst have better data to lean on to make their jobs easier. A common way for shippers to run RFPs, annual bids or even shorter projects is to simply rely […]
Riding the Roller Coaster of Freight (w/ video)
On this episode of #WithSONAR, co-hosts Luke Falasca and Kyle Taylor discuss rapidly changing market conditions. Since the beginning of the year, market volatility has pushed freight rates down in key markets and lanes, while pushing other lanes up. However, markets are never static, so savvy operators will use market volatility to separate themselves from competitors. […]
#WithSONAR – We Told You So (w/ video)
On this episode of #WithSONAR, co-hosts Kyle Taylor and Luke Falasca discuss how the number of tender rejections predicted the decline in freight rates on most major lanes weeks ago. Rates declined because capacity softened. SONAR’s predictive capacities showed that tender rejections and lower volume gave the signal for rates to begin to fall early in […]
How Shippers Can Reduce Network Risk (w/ video)
Co-hosts Luke Falasca and Kyle Taylor discuss how shippers can reduce their exposure to volatility in the market on this episode of #WithSONAR. Falasca and Taylor also discuss how shippers can reduce network risk by using SONAR’s various forecasting tools to give visibility into key metrics. Whether the freight market is tight or loose, whether freight […]
Freight Forecasting During COVID-19 (with video)
Co-hosts Kyle Taylor and Luke Falasca focused on freight forecasting during COVID-19 on this episode of #WithSONAR. In addition, Taylor and Falasca discussed SONAR’s Lane Scorecard and how shippers can use it to help automate their bids. Watch the episode below: https://www.youtube.com/watch?v=pBG2XG6RE80&ab_channel=FreightWaves What makes SONAR’s Lane Scorecard app unique from bulk lane rate tools on […]
Q4 2020 Forecast – Freight Forecasting with Michael V (video)
Kyle Lintner, Principal and Managing Partner at K-Ratio, joins Freight Forecasting host Michael Vincent in a discussion of key market indicators and what they are saying about the fourth quarter of 2020. https://vimeo.com/463980262 Kyle and Michael also discuss key FreightWaves SONAR features – the Outbound Tender Volume Index (OTVI), the Inbound Tender Rejection Index (ITRI), charts and […]
Transparency and Data Integrity in Supply Chain Resiliency (video)
Freight Forecasting host Michael Vincent is joined by Jeff Dangelo, Founder of Turvo in a discussion about the need to re-think collaboration, transparency and freight data. Dangelo co-founded Turvo, which is based in Palo Alto, California, in October 2014 after about 13 years in logistics and supply chain sales at MegaCorp Logistics and Total Quality Logistics. […]
Carrier Relations & Data-Driven Decision-Making – Freight Forecasting (video)
Freight Forecasting host Michael Vincent is joined by Matt Pyatt, CEO of Arrive Logistics. Michael and Matt have a discussion about data-driven decision-making. They focus on carrier relations and management from a third-party logistics provider (3PL) perspective. Watch the episode below: They also discuss how various SONAR indices can generate a positive impact on broker/carrier […]
Best Practices for 3PLs Using Freight Data – Freight Forecasting (video)
Freight Forecasting host Michael Vincent is joined by Tom Curee, the Senior Vice President of Strategy and Innovation at Kingsgate Logistics. Michael and Tom discuss data intelligence and how it helps provide Kingsgate Logistics with added value for its customers as well as other best practices for 3PLs using freight data. Watch the Full Episode […]
Pricing Tools, Predictive Rates, and The Ocean – Freight Forecasting (video)
Zach Strickland, FreightWaves’ Director of Freight Market Intelligence (and the “Sultan of SONAR”), joins Freight Forecasting host Michael Vincent on this episode. Zach and Michael discuss the new SONAR 7.0 release and its new features, which include Lane Scorecard, Ocean Shipments Report and Reefer Rates (beta). Watch the episode below: Lane Scorecard can uncomplicate a […]
Prioritizing your day with SONAR – Freight Forecasting (video)
Zach Strickland, FreightWaves’ Director of Freight Market Intelligence (and the “Sultan of SONAR”), joins Freight Forecasting host Michael Vincent on this episode. Zach and Michael discuss how shippers, carriers and brokers can (and many do) use FreightWaves SONAR to prioritize their days and make themselves more effective and efficient. Watch the Full Episode Below Michael […]
FreightWaves Forecasts of Benchmark Spot-Rates: Infographic
Boasts Errors of Less than 10% Over Holiday Season The FreightWaves data science team used historical market and expense data to forecast future market conditions. The thesis is that FreightWaves Benchmark Spot Rates can be calculated for future dates. When finalized, this tool will assist clients in understanding the effects that coming changes in markets […]
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 […]
Charting Load Volumes and Capacity Fluctuations – Freight Forecasting (video)
Anthony Smith, FreightWaves’ Lead Economist, and Zach Strickland, FreightWaves’ Director of Freight Market Intelligence, join Freight Forecasting host Michael Vincent on this episode. They talk about the state of current freight markets and how SONAR can be utilized to learn what the near-term future might hold. Watch the episode below: Michael, Zach and Anthony also […]
What is driving the current freight market? – Freight Forecasting (video)
Freight Forecasting host Michael Vincent is joined by Anthony Smith, FreightWaves’ Lead Economist, and John Kingston, FreightWaves Editor at Large to discuss what is driving the freight market. Primarily because of the pandemic (but there are other contributing factors), the 2020 freight market to-date has been very different from any other year since the trucking […]
Forecasting Volumes and Capacity – Freight Forecasting (video)
Freight Forecasting host Michael Vincent is joined by Zach Strickland, FreightWaves’ Director of Freight Market Intelligence. They discuss the apparent peak of freight volumes and how SONAR can help subscribers recognize the next hot market. SONAR’s billions of data points provide subscribers a wide variety of data sets so that they can focus on the […]
Truckload volumes and warehousing – Freight Forecasting (video)
Lead Economist Anthony Smith joins Freight Forecasting host Michael Vincent on this episode. They discuss the current spike in volumes and warehouse inventories as they relate to imports. Watch the episode below: Examples include comparisons of volume in Los Angeles to the rest of the nation, the year-over-year increase in intermodal rail out of Los […]
International trade – Freight Forecasting (video)
Freight Forecasting host Michael Vincent is joined on this episode by Zach Strickland, FreightWaves’ Director of Freight Market Intelligence. Zach shows viewers how to build SONAR charts centered around international trade. Watch the episode below: International trade is a leading indicator of domestic surface transportation. Among the tools in SONAR that relate to international trade […]
How Freight Analytics & Data Make 3PLs More Competitive
Differentiating your services as a third-party logistics provider (3PL) depends on your ability to understand the market and respond. In today’s world, the slightest of influences may contribute to sudden fluctuations within the market. As a result, modern 3PLs must evolve to stay competitive, applying freight data to increase competitive advantage. “Although demand for logistics […]
Cost vs. Volume – Freight Forecasting (video)
Zach Strickland, FreightWaves’ Director of Freight Market Intelligence (and the “Sultan of SONAR”) joins Freight Forecasting host Michael Vincent on this episode. Zach and Michael discuss why freight demand is not enough to forecast rates. A major advantage of FreightWaves SONAR freight forecasting platform is that it has millions of data points and many, many […]
