Daily tip 08/09/2022: Port Import Market Share (PIMS)

Ashley McAvoyDaily Tips

Subject: Daily Tip:  Did you know? You can track the market share of each U.S. port in relation to all U.S. imports. Each day we’ll send you a daily tip designed to guide you to becoming a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. Port Import Market Share … Read More

Daily Tip 08/08/2022: Institute for Supply Management (ISM)

FreightWaves Customer SuccessDaily Tips

Did you know? You can gain insight on the direction of market conditions for manufacturing subsectors using the Purchasing Managers Index. Each day we’ll send you a daily tip designed to guide you to become a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. The Institute for Supply Management … Read More

Daily Tip 08/06/2022: Initial and Final Contract Rates

Ashley McAvoyDaily Tips

Did you know? Contracted rates account for roughly 80%-85% of all dry van truckload moves throughout the year. Each day we’ll send you a daily tip designed to guide you to become a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. Initial and Final Contract Rates are a seven-day … Read More

Daily Tip 07/25/2022: Drewry World Container Index (WCI)

Ashley McAvoyDaily Tips

Did you know? SONAR’s Headhaul Index is a great tool to measure changes in capacity. Each day we’ll send you a daily tip designed to guide you to becoming a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com.  Headhaul Index (HAUL): Calculates the difference between the Outbound Tender Volume … Read More

Daily Tip 07/28/2022: Headhaul Index (HAUL)

Ashley McAvoyDaily Tips

Did you know? SONAR’s Headhaul Index is a great tool to measure changes in capacity. Each day we’ll send you a daily tip designed to guide you to becoming a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com.  Headhaul Index (HAUL): Calculates the difference between the Outbound Tender Volume … Read More

Daily Tip 08/01/2022: Intermodal Contract Savings Indices (IMCSI)

Ashley McAvoyDaily Tips

Did you know? You can see how much intermodal contract rates are in comparison to dry van contract rates. Each day we’ll send you a daily tip designed to guide you to become a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. Intermodal Contract Savings Indices (IMCSI): Using contract … Read More

Daily Tip 7/11/2022: National Truckload Index (NTI)

Ashley McAvoyDaily Tips

Did you know? The truckload spot market leads longer term pricing trends by ~90 days on average.  Each day we’ll send you a daily tip designed to guide you to become a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. FreightWaves’ National Truckload Index (NTI) is a national truckload … Read More

Daily Tip 08/05/2022: Outbound Tender Rejection Index (OTRI)

Ashley McAvoyDaily Tips

Did you know? You can find trends and changes in spot market rates using Outbound Tender Rejection Rates Each day we’ll send you a daily tip designed to guide you to becoming a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. Outbound Tender Rejection Index (OTRI) rates are measurements … Read More

Daily Tip 08/03/2022: Freightos Baltic Daily Index (FBXD)

FreightWaves Customer SuccessDaily Tips

Did you know? You can monitor spot prices for 40-foot ocean containers across 12 major maritime lanes. Each day we’ll send you a tip designed to guide you to becoming a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. Freightos Baltic Daily Index (FBXD) – The Freightos Baltic Daily … Read More

Daily Tip 07/29/2022: Outbound Tender Lead Times

Ashley McAvoyDaily Tips

Did you know? You can measure a shipper’s reaction to capacity changes with SONAR’s Outbound Tender Lead Times Index. Each day we’ll send you a daily tip designed to guide you to becoming a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at cs@freightwaves.com. Outbound Tender Lead Times (OTLT) – is … Read More

Daily Tip 08/02/2022: Outbound Tender Volume Index

Ashley McAvoyDaily Tips

Did you know? SONAR’s Outbound Tender Volume Index can show you which markets are shipping the most freight, along with the trends and changes in freight volumes. Each day we’ll send you a daily tip designed to guide you to becoming a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at … Read More

Critical Events

FreightWaves Customer SuccessMap, SONAR Features

What is it? The Critical Events app is where users can go to get real-time weather information. Users have the ability to add certain threats, overlays and assets to their map to see what weather events may be affecting them that day. Who is interested?  Anyone who is involved in truck transportation. Brokers, Carrier Pricing, Carrier Sales, Load Planners and … Read More

FreightWaves TRAC (Trusted Rate Assessment Consortium) Spot Rates

FreightWaves Customer SuccessSONAR Features, Truck - Rates, Truck-Rates

What is it? Average buy (to the carrier) rate derived from 3PL and freight brokerage reported by booked or covered date. TRAC contributors provide daily load data consisting of rate-information for hundreds of thousands of unique loads (i.e., different combinations of dates, modes, and zip3-lanes). More than a simple average, FreightWaves weights the values based on: Proximity to the specified … Read More

Market Dashboard

FreightWaves Customer SuccessSONAR Features

What is it? A spot rate management dashboard that shows the current spot rate with high and low values in a lane along with a historic chart view and multiple other market analytic data points such as origin and destination capacity conditions Who is interested?  Anyone who is involved in truck transportation. Brokers, Carrier Pricing, Carrier Sales, Load Planners, Transportation … Read More

FreightWaves Scientific Rates (FWS/FWSR/FWSW)

FreightWaves Customer SuccessTruck - Rates

What is it?  The average of FreightWaves’ proprietary algorithm designed to predict and portray buy side (shipper/broker to carrier) van spot market linehaul rates of over 750,000 lanes in the U.S., excluding lanes under 250 miles in length The algorithm ingests multiple data points, including but not limited to tender data, operational costs, and demographic information and projects them 28 … Read More

My SONAR Tools

FreightWaves Customer SuccessSONAR Features

Add your own indices, locations on the map and view your symbol is using My SONAR Tools. To access My SONAR Tools Click + in the top left corner Select your desired tool To add custom indices Select My Custom Indices from the My SONAR Tools menu Click Custom Index Template (.csv) to download a template for your .CSV file … Read More

Lane Signal

Hannah BlalockSONAR Features

What is Lane Signal?  Lane Signal is your day to day app within SONAR to help you make real-time decisions.  The Lane Signal dashboard shows current freight market rates, alongside historic and predictive freight rates for up to 12 months. What makes our data different? Our proprietary methods combine historical carrier rate data and tender transactions. Tenders are based on … Read More

Imports by Consignee

FreightWaves Customer SuccessSONAR Features

Read 10 Ways for Truckload Providers Lower Detention and Demurrage Risk With Ocean Import Data What is Imports by Consignee?  The Ocean Imports by Consignee is a prebuilt SONAR report that provides import bills of lading directly from U.S. Customs and Border Protection. The report shows the imports before they have been picked up by a dray carrier, domestic truckload … Read More

Lane Scorecard

FreightWaves Customer SuccessSONAR Features

What is Lane Scorecard?  Lane Scorecard has proprietary SONAR lane scoring, SONAR predictive rates and spark graphs that allow the user to more easily see past and forecast trends. The Lane Scorecard app is launched from SONAR’s main navigation panel. It can be enabled/permissioned at the organization or user level. What does Lane Scorecard tell me?  Lane Scorecard improves pre-RFP … Read More

Create Custom Themes on your SONAR charts!

FreightWaves Customer SuccessDaily Tips

Did you know? You can change the color of your charts in SONAR to match your favorite sports team. Want to display your company colors for presentations? Here’s how! What can I do? Within the SONAR charting widget, you have the ability to change the colors of the lines, background, grid lines and axis text! Maybe you have a favorite … Read More