Use our calculator to find out.
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.
Unlike any other industry data provider, most FreightWaves SONAR data is gathered at the point of booking or tender rather than at invoice or after a load has been completed, making it high-frequency and far less prone to error or bias. This changes the game in proactive calls and trading. We have heavily invested in and procured our data thanks to hundreds of partners — the majority of which are recognizable names in the industry — that span across the full scope of the global supply chain to create the central source of truth in the industry.
Rather than relying on batches of data from industry players, SONAR reduces lag time from 1 to 7 days on 93% of all data. This provides the clearest view into granular insights into consumer behavior, goods flows in retail distribution networks and manufacturing activity.
FreightWaves SONAR provides a multimodal view of freight market dynamics so that financial institutions can assess risk, forecast growth, make informed trades and gain insight into how retailers and manufacturers react to the macroeconomic environment.
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.
