A new invention is out on the market: a supply chain crystal ball, which shippers can look into and see freight demand, capacity, and rates of the future … ah, if only! Seeking out the best freight rates is often easier said than done. Everything from market volatility to fluctuating demand to variable carrier capacity can make finding the best freight rate a daunting task. A crystal ball certainly seems like a solution to the problem. But psychic tools aren’t needed to make it easier to find the best freight shipping rates. There are plenty of ways to demystify the truckload rating process, with tools that navigate the ups, downs, and sideways of the trucking market. The Complexity of Truckload Rating Day to day, markets can fluctuate rapidly. One moment, freight capacity might be swiftly flowing and readily available. The next moment, a natural disaster hits, carriers redirect their capacity to relief efforts, and shippers are left with a market of tight supply and … [Read more...] about Finding the Best Freight Rates Shouldn’t Require a Crystal Ball: Three Strategies to Demystify the Truckload Rating Process
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How to Make Your Data Work Harder: Farelanes delivers REAL Pricing in Real-Time
Supply chain professionals, always on the hunt for the best freight rates, have enjoyed a shipper’s market for months — but the glory days won’t last forever. Trucking rates are slowly beginning to climb. In this recovering market, it’s more important than ever for shippers to find optimal shipping rates. However, finding the best rates can be challenging as shippers grapple with fluctuating demand, capacity constraints, and market dynamics. The solution? Let your data work for you, using real-time analytics to find the best freight rates. Survival of the Smartest Shippers Several indicators suggest the trucking market is on the road to recovery. ACT Research predicts shippers will bolster safety stock to combat disruptions surrounding the Red Sea and Suez Canal. Imports are rising, and demand for trucking to move those goods will likely follow. The Cass Freight Index shows rates rose slightly from February to March, and trucking … [Read more...] about How to Make Your Data Work Harder: Farelanes delivers REAL Pricing in Real-Time
