How to Leverage Data to Enhance and Strengthen Decisions in Volatile Freight Markets

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For all freight management segments, navigating a volatile freight market’s complexities stand out as a leading disruption of 2020. This year has taught freight management experts and leaders that nothing is set in stone. Market uncertainty can spin on a dime.

Brokerages, freight forwarders, shippers, carriers, and other logistics service providers (LSPs) need to realize that the only way forward lies in the proper application of data and a robust freight tech stack. After all, applying freight management data can enhance and strengthen decisions regardless of the market conditions and when they change.

What is on track to become the biggest peak season in history is upon us, and shippers and freight management segments need to know a few things about the application of data to enhance and strengthen decision-making. To that end, this white paper will explore:

  • The problems that appear from a lack of data and transparency in decision-making. 
  • Using data to overcome most obstacles in the freight market and recapture revenue. 
  • Extra best practices or tips to maximize ROI and streamline management in any freight market, including disruptive ones.

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What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

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White Papers
February 6, 2024

Asleep at the Wheel: Shippers and the Freight Market Outlook for 2024

November 1, 2023

Index-Linked Contracts: A New Solution for Shippers’ Dissatisfaction with RFPs

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Catering to the winners – SONAR subscribers beat the market