Using data and insights as your guide to freight bidding negotiations

freight bidding negotiations

While moving freight to the spot market works, it’s not always realistic. Everyone wants the stability of a contract. Unfortunately, existing contracts are not necessarily viable. So, companies begin looking to new freight bidding negotiations and technology to figure out what to do.

While new technologies can help you find more truck capacity and work with a more extensive transportation network, they do little good if a company cannot approach a renewed freight bidding process from an objective standpoint. That’s where freight data analytics and insights technology make a big difference. For that reason, this white paper will explore facets of successful freight bidding negotiations, including:

  • The four categories of freight bidding negotiations
  • Reasons companies should consider a new bidding process
  • Advantages of a mini-bid over long-term contracts
  • Possible drawbacks associated with hasty or improper freight bidding negotiations
  • How data insights are integral to maximizing value during negotiations

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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

August 3, 2023

Catering to the winners – SONAR subscribers beat the market