How supply chain leaders can be the CFO’s hero
Cut costs, then help finance set new budgets Freight rates in all modes have come down hard since last year, and if you’re a transportation manager or supply chain leader, you probably feel confident about hitting your budget this year. You might be tempted to take the downcycle off, put strategic initiatives on the backburner […]
Predicting the next turn in the freight cycle
Freight markets feel stuck in unseasonable doldrums with volumes low, capacity loose and rates in a trough after supply chain activity cooled post-COVID. But as we know, the relationship of supply and demand is not static, but dynamic and ever-shifting. A pendulum moves slowest and briefly pauses just before it starts falling in the other […]
How long does it take the freight market to flip?
Not long at all. During the last freight cycle, there was a 56-day period when truckload spot rates increased by 25.6% and a 59-day period when rates fell by 15.1%. Right now, transportation rates are unseasonably low and capacity is plentiful across most modes of traffic, from North America truckload to trans-Pacific ocean container shipping. […]
The ROI of FreightWaves SONAR
4 tips for carriers to maximize fleet asset utilization rates using data
Are you using your trucking assets as efficiently as possible? Have you taken any steps to increase capacity utilization? Chances are that you answered “yes,” but your attempts to maximize fleet asset utilization continue to fall short of your expectations. And it’s not just your company suffering from inefficient asset utilization. As noted by Joseph […]
Freight cost management: 5 tips to get the biggest bang for your buck
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. […]
A Primer on SONAR SCI Lane Acuity
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5 Tools Carriers Need for Success in the Freight Market
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Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement
The SONAR chart above shows the Intermodal Initial Contract Rate Per Mile (IMCRPM1.USA) vs. the Intermodal Contract Rate Per Mile Final (IMCRPMF.USA) Reporting. Transportation procurement remains a major problem for enterprises faced with the need for faster and more extensive capacity. According to Richard Howells of Forbes, the 2020 Oxford Economics survey found “49% of […]
Using freight market signals to stay ahead of any freight market storms
Once weather like the snowstorm in Colorado or the one seared into Texans’ Valentine’s Day memory hits, it’s easy to predict what is going to happen next—the freight market in the area halted to a stand-still and strangled capacity, as also reported by The Dallas Morning News. Weather like this makes it easy to predict […]
SONAR: Predictive Freight Rate Accuracy
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Four Factors That Impact Freight Revenue and Profitability
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Winter Weather Causes Problems/Freight Rates Rise (w/ video)
Heavy snow and icy conditions across large parts of the United States over the past two weeks have caused problems in many freight markets. And while the nasty winter weather has slowed and even stopped some trucks, freight rates have continued to rise. Back-to-back winter storms are stalling supply chains. The second winter storm of […]
5 Freight Rate Volatility Contributors to Consider
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Top Reasons of Enterprise Shipper Tender Rejection
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How to Use Market Volatility
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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. […]
What is freight market intelligence and what can it do for brokers, shippers, carriers & 3PLs
Modern supply chains are data-generating enterprises. And today’s companies have an opportunity to apply freight market intelligence tools and resources to shift the competitive advantage in their favor, overcome obstacles that arise due to industrial growth, and realize benefits regardless of their position within the market. “Knowledge is knowing what the most recent rate was […]
The 10 Trucking Trends in 2021
How to use freight data to beat your competition (video)
On this episode of #WithSONAR, hosts Luke Falasca and Kyle Taylor are joined by Tom Curee, Senior Vice President of Kingsgate Logistics. Kingsgate is a subscriber to SONAR and uses it daily. Kingsgate Logistics offers a full scope of logistics services facilitated by leading-edge technology, and provides truckload, less-than-truckload (LTL), expedited, intermodal and international shipping. Watch […]
