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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.
SONAR data intelligence provides analysts and investors access to daily spot rate data so that financial models, research, recommendations, and commentary can react quickly to fast-changing economic conditions. This valuable data can be used as a leading indicator of consumer spending, imports, housing starts, and industrial activity.
A seven-day moving average of spot rates that measures the U.S. for hire over-the-road dry van trucking market:
Financial analysts rely on the SONAR data intelligence to have an accurate barometer of macroeconomic demand, make adjustments to financial models and client expectations, and generate forecasts based on the freshest data.
Truckload rates built on payments data lags and fails to show a clear picture of current market activity. Improve data models using fresh freight spot rate data for analysis and forecasts that are more reflective of market conditions.
SONAR provides a daily reported spot rate to be used as a benchmark rate, based on shipment data no more than 24 hours old. Plan ahead and stay ahead with the most accurate market data.
Users depend on the SONAR data to indicate changes in capacity, which indicates supply and demand. Forecast pressures that clients face with certainty and provide a clear picture of what consumers may experience in the future.