FreightWaves SONAR recently unveiled an update designed to give users new ways to analyze data — especially pricing data.
Domestic transportation demand patterns continue to trek eastward, shaking up entrenched freight flows and positioning the market for future rate hikes.
Up until this point, 2023 market shifts have more or less aligned with historic seasonal norms. A late-summer demand spike, however, is altogether unexpected.
Supply chain optimization is often presented as a choice between resilience and responsiveness — between being able to withstand and operate normally under conditions of disruption and stress and being able to quickly flex capacity and throughput up or down opportunistically. “Resilience” can sound like redundancy, contingency planning, higher operating costs and underutilized capacity waiting […]
A full 95% of SONAR users rated the freight market solution with high marks, leading to an overall rating of 4.5 stars.
The best supply chain teams invest in technology as part of their continuous holistic operational improvements, not simply in reaction to temporary crises. Investing in technology to improve the capabilities of your supply chain team as part of a strategic initiative yields better results throughout all phases of the freight market cycle. Retailers, manufacturers and […]
Brokers are faced with a wide range of challenges every day. Many of these tough situations arise from a lack of market visibility, including uncertainty surrounding the bidding process, inability to analyze trucking capacity and a general lack of advanced technology to manage daily workflows. When
Third-party supply chain and freight market data has become an important tool for retailers, manufacturers and suppliers who want to redesign their networks, improve strategic planning, benchmark their transportation spend and the service they’re getting in return, and measure the efficiency of their facilities. Leading supply chain organizations are using data on freight rates, volumes, […]
In order to make a real difference, a motivation to better the industry must be coupled with a deep knowledge of the freight market.
The best way for people to gain the level of insight they crave is through high-frequency data, particularly insights into spot rate trends.
The rest of the year could be characterized by relatively low rates and volatility Like it or not, freight market volatility is here to stay. The post-recession environment that filled our expectations with the concept of “normal” is in the distant past. Even before the COVID-19 pandemic era, the U.S. transportation sector was experiencing an […]
Freight procurement has serious problems. It’s “broken” in the sense that when the market shifts, shippers don’t get the service they’ve agreed to pay for and volumes awarded to carriers are withheld and withdrawn. Contracts don’t hold up. The lack of a mechanism to tie contracts to prevailing market conditions creates enormous inefficiencies in freight […]
Container Atlas makes it possible for the index to take transit times and port delays into consideration, providing the most reliable gauge of future activity available on the market.
Retailers, manufacturers and suppliers have saved a lot of money on transportation costs in 2023 compared to the years before, but other parts of their organizations are facing persistent inflationary pressures on everything from energy and labor to cattle futures and the cost of money itself. Margins remain challenged in many industries, and strategic finance […]
Medium-term demand planning has always been a tough nut to crack for retailers, suppliers and manufacturers. Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. In this blog post, we’ll walk through some of the obstacles to medium-term demand […]
At its annual Investment Community Meeting in April in Tampa, Florida, Walmart’s management team took the opportunity to lay out an ambitious transformation of its supply chain. Walmart U.S. CEO and President John Furner explained how the retailer was digitally combining its ambient, perishable and e-commerce supply chains, which were built separately and in parallel […]
You’ve heard of “March Madness.” Well, the maritime market is in the middle of its own “August madness.” The maritime market madness has caused some retailers to wonder if Christmas is going to be canceled. While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is […]
Last year, FreightWaves estimated that the top five paper and packaging companies in the U.S. spent a whopping $7 billion and $9 billion on transportation in 2019. Despite revenue declines across the industry in 2020, we estimate that freight spend was as high as pre-pandemic levels due to growth in packaging demand and elevated freight […]
Find out how CPG companies can apply SONAR Supply Chain Intelligence (SCI) Platform to their business. SONAR SCI is an expansion of the SONAR platform, the only freight forecasting platform. SONAR SCI subscribers have access to $80 billion of shipper-to-carrier freight spend. These invoices are submitted every evening and include what shippers actually pay carriers, […]
Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. The costs of logistics as a ratio of total expenses are too significant to ignore. […]