Nailing down the best freight rates is critical, yet challenging. The volatility of the freight market and the intricate negotiation processes between shippers, brokers, and carriers create a complex freight pricing environment for shippers. But finding the right freight rate is paramount to maintaining efficient operations and a healthy bottom line. That’s why Farelanes has introduced a three-part guide to helping shippers find the best freight rates. After laying out the challenges in part one, this second part of the guide looks at exactly how shippers can use analytics — specifically, three types of analytics and modeling tools — to optimize freight pricing. With analytics, shippers can find “the” right freight shipping rates, instead of simply settling on “a” freight rate. Major Roadblocks Stand Between Shippers and the Best Freight Rate Freight shipping rates are full of complexities, with myriad factors creating fluctuations in supply, demand, and … [Read more...] about The Farelanes Guide #2: Leveraging Analytics to Find the Best Freight Rates
Which Came First: The Bid or the Ask Price?
Much like the age-old “chicken and egg” debate, we may never know how the very first load appeared on a load board. Did the shipper post an asking price? Did a carrier post a bid to win a load? But one thing is certain: Shippers and carriers need to move quickly. If a load is posted with a price and avoids back-and-forth negotiation, carriers will swoop in to pick it up. In fact, loads posted with an asking price on load boards are typically booked five to 10 times faster than those without an asking price. Low-balling a price is risky, because it could risk delaying a shipment, as carriers pick up more competitively priced loads. While it may be tempting for shippers to gamble for the best price, it’s not always the best practice in a fast-moving industry. That’s why it’s pivotal to provide transparent pricing on loads, to ensure your goods get to their destination quickly, securely, and at the right price. Modern technology and real-time pricing information are key, so … [Read more...] about Which Came First: The Bid or the Ask Price?
Join Us at the Hats Off Happy Hour at the Dragon Room at Kembara at TIA Capital Ideas 2024
We’ll have wine, cold beer, and appetizers ready for you after the Exhibition Hall Grand Opening (Grand Canyon Ballroom) shuts down for the night at 7 & be happy to show you how our tools make it easier to win bids. To learn how peerless pricing can transform your transportation operations, join Farelanes and major industry leaders at our Hats Off Happy Hour: Register today to secure your place at our Hats Off Happy Hour. Great drinks, great people, great pricing. Sign up now! … [Read more...] about Join Us at the Hats Off Happy Hour at the Dragon Room at Kembara at TIA Capital Ideas 2024
TIA Conference 2024: Everything You Need to Know About the TIA Capital Ideas Conference
As the transportation industry prepares for the Transportation Intermediaries Association’s annual conference, we’re providing attendees with everything they need to know to make the most of their time at TIA Phoenix. This article explores the TIA, the history of their industry-spanning annual conference, and why TIA 2024 is a must-add trucking event for leaders in a highly dynamic moment for the global transportation industry. /more Meet the Host: What is the TIA? As with any good party, it’s important to know your host. So, who is the TIA? Founded in 1978, the Transportation Intermediaries Association is a professional industry for businesses and professionals involved in third-party logistics. Through their services, TIA aims to provide members with access to resources, education, industry information, advocacy, and connections to bolster ethics, profits, and business in the growing 3PL sector. The annual TIA Capital Ideas Conference provides an opportunity for … [Read more...] about TIA Conference 2024: Everything You Need to Know About the TIA Capital Ideas Conference
Thursday night at TIA – Farelanes is here to help with free food, drinks, and a salve for your market woes
If you would like to learn how Farelanes helps brokers win more freight, bicker less with truckers over rates, and ultimately accelerate the velocity and volume of their money-making loads -- then please join us in Phoenix at Kembara 4/11 for a couple of drinks and a bite to eat. We'll have wine, cold beer, and appetizers ready for you after the Exhibition Hall Grand Opening (Grand Canyon Ballroom) shuts down for the night at 7 & be happy to show you how our tools make it easier to win bids. With Farelanes, Brokers have the power to set ask prices with confidence anytime, scenario, lane, or trailer type. Whether you have all the time in the world or none at all, we are confident that Farelanes is providing the most prescient and transparent freight rate data the market has ever seen. Free beer, wine, and apps will be provided by Farelanes until we hit our limit - so register now to reserve your spot and the solution for your Happy Hour needs on Thursday April 11 in … [Read more...] about Thursday night at TIA – Farelanes is here to help with free food, drinks, and a salve for your market woes
Welcome to Farelanes News
You’ve found our corner newsstand. With our ear to the ground, or finger on the pulse, and our keyboard at the ready, this is the place to go for industry news, opinion, and everything else concerning the transportation industry. … [Read more...] about Welcome to Farelanes News
