How can SONAR help me as a 3PL/BROKER?
We all want freight data fast. With FreightWaves SONAR, you can react faster to the changing freight market landscape. SONAR gives you access to changing headhaul and backhaul markets, insights into seasonal market and lane patterns, and near-time rates, helping you get ahead of the game days before the competition.
SONAR can give you the data you need to quote, cover, and manage your load, making sure you pay what you need to pay–and not a penny more. Year over year data gives you a look at long term trends, making your annual bids more accurate than ever. Paired with your existing loadboard, SONAR puts the future of freight at your fingertips.
We deliver a faster view of freight market data than anybody else in the industry – by several days and even weeks. Through our unique combination of data, analytic tools and news, you’re given unprecedented insight and understanding into what is happening in the freight markets right now and forward looking into weeks and months ahead.
- Managing gross margin % vs spread
- Contract rate vs. spot %
- On-time %
- Capacity utilization/new carrier %
- Claims: Loss/stolen %
- Fastest access to proprietary market data with a 1-2 day lead on widely available, price discovery rate data
- Market region, state level, and lane level market insights in time-based, interactive charts, maps and watch lists
- Daily tactical to strategic data points and market insights
- API connectivity/workflow integration
- Faster insights into current rates and rate changing environments, which lead general market price discovery
- Faster reaction to changing Headhaul/Backhaul markets to capture margin arbitrage opportunities
- Insights into seasonal market/lane patterns for optimal bid cycle pricing strategies
Ready to learn more?
Find out how to get freight data at your fingertips – fast.