Why automated truckload freight quotes are more accurate
When it comes to establishing truckload freight quotes for customers, it is essential to use automation to get the most accurate results and offer the most competitive freight rates. Transportation networks rely on timely rate estimates that are competitive while also being profitable. Creating quotes the old-fashioned way opens supply chains to several problems that […]
4 Different Types of Trucking Carriers Shippers Should Consider in RFPs
When it comes to planning RFPs and figuring out which carrier partnerships to pursue, shipping managers need to be aware of the various trucking carriers with availability. Throughout most freight shipping chains, there are four types of providers offering services through requests for proposals (RFPs), such as full truckload RFPs and less-than-truckload RFPs and similar […]
Freight Futures: The Future(s) of Freight
Guests Kyle Lintner, Principal and Managing Partner at K Ratio and Daniel Stanton “Mr. Supply Chain®” join Freight Forecasting host Michael Vincent in a discussion of mid- and long-term freight forecasting and how Trucking Freight Futures can greatly benefit the trucking industry. Freight Forecasting talks Freight Futures in “The Future(s) Of Freight” Episode Watch the […]
Trucking data is not enough in unprecedented times
FreightWaves’ Lead Economist Anthony Smith and Freight Forecasting host Michael Vincent talk about how important macroeconomic data is when trying to forecast capacity demand. With SONAR, a user has access to truckload and market data in any of 135 key markets in the U.S. But that user also has critical information from industry verticals and historical […]
How to use SONAR to monitor freight markets
Freight volumes SONAR’s outbound tender volume index (OTVI) measures electronically tendered truckload volumes across the U.S. Overall OTVI is indexed to 10,000 (March 1, 2018) and is the aggregated volume in 135 U.S. freight markets. OTVI is the most accurate near-time view of the full truckload markets. Freight forecasters use the OTVI index to monitor […]
What factors drive the trucking freight economy?
Freight forecasters need to understand what drives the freight economy in order to forecast volumes, capacity and rates. Much like the general economy, the variables that drive the freight economy are too numerous to count. However, we can narrow down the principal factors to a select few that really move the needle. Many of these […]
