Fireside Chat: Key insight on technology trends in 2025

This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday.

FIRESIDE CHAT TOPIC: 2024’s technology wins and 2025’s technology road map

DETAILS: Walter “Mitch” Mitchell, CEO of Tai Software, dives into the biggest broker market highlights of 2024 and looks ahead to key trends next year, during FreightWaves’ Domestic Supply Chain Summit.

KEY QUOTES FROM MITCHELL:

“2024 was a tough year, I think for everyone. The freight market is cyclical. It goes up and down, and just...

https://www.freightwaves.com/news/fireside-chat-key-insight-on-technology-trends-in-2025

Security, customer benefits key to buy-or-build TMS dilemma

This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday.

FIRESIDE CHAT TOPIC: Tech crossroads: The buy-vs.-build dilemma in 3PLs

DETAILS: As 3PLs look ahead to 2024, Walter “Mitch” Mitchell, CEO of Tai Software, and FreightWaves’ Mary O’Connell break down the pros and cons of buying or building a transportation management system. Tai, headquartered in Huntington Beach, California, is a fully integrated freight broker platform for freight management and...

https://www.freightwaves.com/news/security-customer-benefits-key-to-buy-or-build-tms-dilemma

Brokers must bring operations, accounting teams together to boost cash flow

Brokers know that cash flow is one of the most critical aspects of their companies’ success — or failure. Despite this, the primary focus of popular industry technologies lies in freight delivery, not necessarily extending to proof of delivery or payment collection.

“When we think about TMS offerings and freight applications, we typically only focus on freight getting delivered. The conversations drop off drastically after that, but POD recovery is super critical,” Tai Software CEO Walter...

https://www.freightwaves.com/news/brokers-must-bring-operations-accounting-teams-together-to-boost-cash-flow

Tai helps brokers tame unruly email inboxes

Brokers are notoriously bogged down by emails. Drafting messages – from quotes to shipment updates – can be a time-consuming and frustrating process. Tai Software recognized this problem years ago and has continuously worked to improve the email experience for both brokers and their customers.

“Email is the primary mechanism we use to communicate. Our system sent out over half a million emails last month,” Tai Software CEO Walter Mitchell said. “Email is such a core component and key piece of a...

https://www.freightwaves.com/news/tai-helps-brokers-tame-unruly-email-inboxes

Check Call: The results are in — peak season was weak

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EST. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

Inside this edition: The U.S. Bank Freight Payment Index makes a splash; for-hire carrier rankings are out; and Nowports comes stateside.  

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U.S. Bank’s Freight Payment Index tracked some pretty cool stuff over...

https://www.freightwaves.com/news/check-call-the-results-are-in-peak-season-was-weak

Check Call: Year of the rabbit

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EST. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

Inside this edition: It’s time for Lunar New Year stoppages; rent is on the rise; and big promotions in the logistics world.

This weekend marks the beginning of Lunar New Year, the celebration of the arrival of...

https://www.freightwaves.com/news/check-call-year-of-the-rabbit

FreightTech integrations with SONAR continue to increase 

SONAR now includes the National Truckload Index and SONAR Container Atlas. (Photo: FreightWaves)

FreightWaves SONAR is the industry’s leading and fastest freight forecasting platform. SONAR provides the clearest insight into freight pricing, and subscribers can reliably forecast supply chain demand and capacity by using spot rate and tender data for predictive rates.

FreightWaves’ CFO/COO Spencer Piland noted, “SONAR has been proven time and again to make an operational and financial difference for shippers, carriers and intermediaries. What many SONAR users are asking for now is...

https://www.freightwaves.com/news/freighttech-integrations-with-sonar-continue-to-increase

Use FreightWaves SONAR with Tai TMS to maximize margins

Travis Rhyan, FreightWaves' Chief Product Officer, explains SONAR functionality. (Photo: FreightWaves)

FreightWaves, the industry-leading provider of data, analytics and news for global supply chains and logistics, and Tai Software, which offers a top emerging freight broker transportation management system (TMS), announce that FreightWaves Trusted Rate Assessment Consortium (TRAC) and SONAR Capacity Lane Score data will be available to Tai TMS customers that are also FreightWaves TRAC application programming interface (API) subscribers. 

The FreightWaves/Tai partnership brings FreightWaves SONAR...

https://www.freightwaves.com/news/use-freightwaves-sonar-with-tai-tms-to-maximize-margins

Brokers need multiple rating tools to stay competitive

Today’s trucking market is characterized by high rates and constrained capacity; securing a truck at all can be difficult, and getting a decent rate can feel nearly impossible. Brokers and shippers should expect these challenges to continue well into 2022. To remain competitive in the new year, brokers and 3PLs need to focus on giving their carrier representatives the tools they need in order to stand a chance in rate negotiations.

Relying on a single data source to predict pricing is risky in...

https://www.freightwaves.com/news/brokers-need-multiple-rating-tools-to-stay-competitive