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 […]
The for-hire trucking trends for 2021
Few areas of the economy carry more confusion or misconception than the for-hire trucking industry. The for-hire industry comprises independent contractors, owner-operators, small brokerages, subregional carriers and more. Locality and minimal resources are the defining characteristics of this transportation sector. However, carriers across the board need to recognize the trucking trends coming out of the […]
How Do Truckers Find Freight Loads?
Like all business owners, truckers need to sell their services and find customers. Unlike other businesses though, truckers need customers with freight in the right place, at the right time. Building a network of shippers with freight at the right place at the right time is difficult. Many truckers just do not have the time […]
How to develop freight forecasts using SONAR
Forecasting trucking rates is one of the most important roles for all freight forecasters. Load volumes and truck capacity for individual markets are the primary drivers in developing freight forecasts. Each individual freight market has its own unique load demand and truck capacity cycles. These cycles are most often linked to seasonal demand patterns and the ratio of outbound to inbound freight volumes in each market.
How is freight priced? A dive into freight rates by mode of transit
Understanding freight cost per unit across different transportation modes is a key to determining what mode is the most cost-effective and timely to ship goods from point A to point B. With this information, a freight forecaster can then develop competitive requests for quotes (RFQ) and requests for pricing (RFP). Full-truckload is priced on a […]
How are spot rates calculated?
Transportation rate analysis is a core part of any seasoned freight forecaster’s role. While the trucking contract market represents 85% of the freight volume in the for-hire truckload industry and the trucking spot market represents just 15% of truckload demand, the most volatile rates in the truckload industry can be found in the spot market. […]
Top things a trucking company can do to maximize trucking rates
Regardless of whether a trucking is primarily a dry van truckload carrier, reefer, or flatbed, all carriers have one thing in common – a desire to maximize trucking rates.
