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
shipping freight rates
The Farelanes Guide #1: The Challenge of Finding the Best Freight Rates
Nailing down the best freight rates is so critical, yet so challenging. The volatility of the freight market, the lack of transparency in freight pricing, and the intricate negotiation processes between shippers, brokers, and carriers all add up to create a complex freight pricing environment for shippers. But finding the right truck freight rates is paramount to maintaining efficient operations and a healthy bottom line. That’s why Farelanes is introducing a three-part guide to helping shippers find the best freight rates. In this first part of the guide, we’ll take a look at the obstacles standing between shippers and the best freight shipping rates for their businesses. The Challenge of Finding the Right Freight Rate Freight shipping rates are full of complexities. The freight market can go up and down in the blink of an eye. Carrier capacity is unpredictable and can change dramatically due to a geopolitical event, a natural disaster, or even a sudden … [Read more...] about The Farelanes Guide #1: The Challenge of Finding the Best Freight Rates
