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 […]
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 […]
4 Top Challenges for Shippers in Capturing Freight Market Rate Deviations
Understanding true freight market rates remains deceptive for shippers. Carriers realize that regardless of what contracts exist, it all comes down to carriers and drivers. Drivers in certain parts of the market, particularly driving on high-profit lanes, will choose freight based on their preferences. It’s evident by looking at the current rate of tender rejections […]
Why do trucking spot rates change daily?
Trucking spot rates are the matching of real-time demand with real-time capacity on a daily basis.
