Understanding the dynamics between contract and spot rates can make all the difference in managing your freight strategy. Dive into our latest blog post to learn how monitoring these rates can help you stay ahead in a volatile market. https://lnkd.in/gXui_zBH #freight #SONAR #FreightWaves #logistics #contractrates #spotrates #freightrates
FreightWaves SONAR
Data Infrastructure and Analytics
Chattanooga, Tennessee 7,790 followers
Today's most reliable freight data platform with near real-time freight data and analytics, every 24 hours
About us
Our flagship product SONAR -- the most trusted freight data and analytics platform in the industry, offers 24-hour transportation and market insights for brokers, shippers, carriers, financial and transportation professionals. 1) Get access to real-time booking data, rates and analytics posted as soon as yesterday 2) Manage contracts with transportation providers 3) Create custom dashboards that fit your organization's needs 4) Integrate SONAR data with shipper or carrier TMS systems so teams continue working in one platform 5) Evaluate the value of your transportation spend while balancing cost and service metrics To learn more about SONAR, reach out below or book a demo below:
- Website
-
http://sonar.freightwaves.com
External link for FreightWaves SONAR
- Industry
- Data Infrastructure and Analytics
- Company size
- 51-200 employees
- Headquarters
- Chattanooga, Tennessee
- Founded
- 2018
- Specialties
- Transportation, Freight, Software, Freight Analytics, Financial Insights, and Market Analytics
Updates
-
Tip of the day: When utilizing SONAR, you can pinpoint markets that carriers are less willing to deliver to by using the Inbound Tender Rejection Index. ITRI is a measurement of carriers’ willingness to deliver loads into a market under contract terms. It is expressed as a percentage of loads rejected to total loads tendered. ITRI can be viewed at a national, regional, state or market level and can be broken down by both trailer type and length of haul. Interested in learning more? Our SONAR users receive exclusive newsletters from us with daily tips, supply chain hot spots, market highlights and top articles. Click below to connect with a team member: https://bit.ly/3UjTOpq #Freight #FreightIndustry #Trucking #TruckingProfessionals
FreightWaves SONAR Demo Request - FreightWaves SONAR
https://sonar.freightwaves.com
-
Don't forget to register and join us at 2pm ET today to hear our experts discuss our new Excel Add-in tool and how organizations are utilizing it to streamline their data analysis. #webinars #freight #trucking #excel https://lnkd.in/eZumstHt
Taking It to the Sheets: Harness the Power of SONAR Data in Excel
event.on24.com
-
Why do top 3PLs and carriers choose SONAR? In today’s fast-paced market, staying ahead is everything 🚚 SONAR provides real-time insights on demand, capacity and pricing trends, helping you make smarter decisions. Whether it’s predicting spot market spikes with OTRI or optimizing routes, SONAR equips you with the data to outmaneuver the competition. Follow the link below to read more about FreightWaves SONAR and why choosing our data keeps you ahead: https://bit.ly/3WCp964 #LogisticsTech #SONARInsights
Why 3PLs and Carriers Should Use SONAR to Get Ahead - SONAR
-
FreightWaves SONAR reposted this
Domestic intermodal volume surges in densest lane- Domestic intermodal volume from LA to Chicago, the densest headhaul lane, surged in August. Month to date, volume is up 12% year over year. The August volume looks closer to what might be expected in the strongest seasonal month – normally October. Factors driving the volume include record imports, particularly at the Port of Long Beach, and a greater degree of transloading of imports from international containers into domestic containers. Strength in that lane should benefit J.B. Hunt’s third-quarter results, in particular, given that BNSF has more intermodal density in that lane than Union Pacific and J.B. Hunt’s contention that it is at least maintaining, if not gaining, market share in LA outbound transcontinental volume. While there has been some talk of peak season surcharges this year, we are not yet seeing that in the spot rate in the lane – INTRM.LAXCHI shows just $1.17 per mile (door to door and includes fuel). This suggests that carriers are not concerned with having enough capacity for contractual shippers.
-
We're thrilled to see our tools making such a positive impact for our users and their organizations! Discover how SONAR can elevate your operations and hear more from our customers below: https://bit.ly/3weUfHS #G2 #customers #customerreview #SONAR #FreightWavesSONAR
-
FreightWaves SONAR reposted this
UTC Student. Gold medalist. Olympic record holder. Chattanoogan. Olivia Reeves, you have inspired us all. We cannot wait to welcome you home.
-
Shippers: as we head into bidding season, it's important to fine-tune your supply chain strategy. While contract rates are flatlining, spot rates are on the rise. To hear the latest, watch our latest 2-minute market update with Zach Strickland: https://lnkd.in/gemdquuF #freightonomics #marketupdate #contractrates #shipping #biddingseason
-
Carriers are rejecting inbound loads to the Southwest at rates well above the national average. With a 72-hour truck inspection blitz kicking off in Texas, this spike might be temporary—but it’s a trend worth watching. Stay ahead of the curve by understanding what drives the Inbound Tender Reject Index (ITRI). Read more on this trend and its impact on freight markets below. https://bit.ly/3LVANnE #freight #dailywatch #marketupdate #SONAR
-
FreightWaves SONAR reposted this
Carriers to brokers as soon as the market turns