volatile freight market

What’s contributing to freight market volatility chaos?

It’s no secret the freight industry is highly cyclical.

“Every year or two there is a recession and then there’s a spike, specifically in the freight industry,” said Margie Hamlin, head of operations and accounts at Leaf Logistics.

The transactional, load-by-load way that freight is contracted remains an issue, according to Hamlin. The odds of shippers being able to look ahead and have capacity and cost certainty is slim to none.

“And this leads to interesting behaviors that exacerbate the...

https://www.freightwaves.com/news/whats-contributing-to-freight-market-volatility-chaos

F3 demo: FreightWaves’ SONAR SCI provides valuable lane data

FreightWaves experts demonstrate SONAR SCI.

FreightWaves demonstrated its SONAR Supply Chain Intelligence (SCI) tool during the F3 Virtual Experience on Thursday.

SONAR SCI was launched in 2020 and updated in June. The update added an “Opportunity View,” which shows users the low-hanging fruit opportunities to reduce spending and risks.

This tool merges SONAR data and customer data so companies can understand where they rank compared to competitors in the market, explained Travis Rhyan, chief product officer at FreightWaves.

Companies can...

https://www.freightwaves.com/news/f3-demo-freightwaves-sonar-sci-provides-valuable-lane-data

Viewpoint: The freight execution technology revolution is here

This commentary was written by Bill Driegert, co-founder of Uber Freight. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

For as long as I’ve been in freight, it has been an opaque industry. Carriers, brokers and shippers have always lacked information, as pricing and capacity data were historically gathered through brute force: lots of phone calls, emails and parsing through load boards. We are well into a...

https://s29755.pcdn.co/news/viewpoint:-the-freight-execution-technology-revolution-is-here