FreightWaves Scientific Rates (FWS/FWSR/FWSW)

Jason VanoverTruck - 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

Adam RobinsonSONAR 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, Uncategorized

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

Adam RobinsonSONAR 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

Adam RobinsonSONAR 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

How can you measure a shippers reaction to current market conditions?

FreightWaves Customer SuccessDaily Tips

Did you know? You can measure a shipper’s reaction to capacity changes with SONAR’s Outbound Tender Lead Times Index. What is it? Outbound Tender Lead Times (OTLT) – is a daily index that measures the length of time in days between the load being offered and the requested pickup date. For example, shipper A sends a load request on June 8th with … Read More

Stay up-to-date on unemployment numbers with SONAR.

FreightWaves Customer SuccessDaily Tips

Did you know? You can measure weekly reports for unemployment insurance claims in SONAR. What is it? Initial Jobless Claims (IJC) – The U.S. Department of Labor releases a weekly report  of unemployment insurance claims throughout the country. The initial claims are those filed by an unemployed individual upon separation from his/her employer. These are individuals who are filing for unemployment insurance … Read More

How does your Operating Ratio compare to the best in the business?

FreightWaves Customer SuccessDaily Tips

Did you know? You can monitor carrier operating ratios using SONAR’s OPRAT index. What is it? Operating Ratio (OPRAT) – This index provides total operating costs divided by operating revenue, which is derived from Truckload Carriers Association (TCA) members and is reported on a monthly basis. OPRAT is segmented into dry van, reefer and flatbed carriers. OPRAT is a measure of how … Read More

East Coast Or West Coast? SONAR Weighs In.

FreightWaves Customer SuccessDaily Tips

Did you know? You can easily compare the all-in shipping costs from China to Chicago via the West Coast ports and the East Coast ports? What is it? Intermodal Spread (IMSPRD.PANA) – Intermodal spread is the difference in the cost to ship one container from China to Chicago through the U.S. East Coast ports and the cost to ship one container from … Read More

Do you want to know which freight is being accepted?

FreightWaves Customer SuccessDaily Tips

Did you know? Outbound Tender Volume Index – Length of Haul can show you which lanes in a market are shipping the most freight. What is it? Outbound Tender Volume Index (OTVI):  An index of electronically tendered volumes on a given day.  A tender is a load offer from a shipper to a trucking company that is sent electronically. These are actual loads … Read More

Your online shopping habit is keeping trucks rolling!

FreightWaves Customer SuccessDaily Tips

Did you know? You can measure the trends in Retail Sales to help predict shifts in the freight markets. What is it? Retail Sales (RESL) – The U.S. Census Bureau releases a monthly estimate that tracks purchases of durable and non-durable goods at the consumer level. This helps measure the demand for finished goods across a variety of categories such as … Read More

Check Wait Times With SONAR.

FreightWaves Customer SuccessDaily Tips

Did you know? You can track the average number of minutes a truck spends waiting to load or unload? What is it? Wait Time (WAIT, WAITRR) – Wait time is a measure of the average number of minutes a truck spends at a shipper or receiver location to load or unload.  In addition to wait time by city (such as WAIT.CHI for … Read More

Use retail diesel price data to determine the best markets for buying fuel

FreightWaves Customer SuccessDaily Tips

Did you know? You can see daily fluctuations in retail diesel prices around the country, either as a national average or in specific markets. What is it? Diesel truckstop retail diesel prices – We gather data from hundreds of truckstops to produce a SONAR series that provides daily updates on the average price at the pump. SONAR has data on individual cities … Read More

See how produce is shipping using SONAR.

FreightWaves Customer SuccessDaily Tips

Did you know? You can gauge the all-in rates of produce shipments from different regions of the U.S. using SONAR’s AGRATE index. What is it? USDA Produce Truckload Spot Rates (AGRATE) – A weekly average total truckload price (all-inclusive) based on a USDA survey of produce shippers in the main agricultural regions throughout the U.S. organized in origin-destination market or lane … Read More

Find out which ports are importing the most goods with SONAR

FreightWaves Customer SuccessDaily Tips

Did you know? You can track the market share of each U.S. port in regard to all U.S. imports. What is it? Port Import Market Share (PIMS) – Port Import Market Share of U.S. Customs Maritime Import Shipments (PIMS). This is the market share that each U.S. port is capturing of the total U.S. Customs Maritime Import Shipments on a monthly basis. … Read More

Set greater expectations for predicted market activity.

FreightWaves Customer SuccessDaily Tips

Did you know? You can measure which direction the manufacturing segment is moving by using the Purchasing Managers Index. What is it? Purchasing Managers Index (ISM) – The Institute for Supply Management (ISM) is the largest not-for-profit professional supply management organization in the world. The Purchasing Managers’ Index (PMI) is a diffusion index published by the ISM that gives the direction … Read More

What’s your ALOHA?

FreightWaves Customer SuccessDaily Tips

Did you know? You can gauge carrier decisions on freight availability and pricing with SONAR’s Average Length of Haul. What is it? Average Length of Haul (ALOHA) – Average Length of Haul captures the number of reported monthly miles, divided by the number of reported loads during the same interval by carriers participating in the Truckload Carrier’s Association’s TCA Profitability Program, … Read More

Monitor domestic and global tonnage.

FreightWaves Customer SuccessDaily Tips

Did you know? You can track inbound and outbound Air Cargo Tonnage going forward for 12 weeks in SONAR?   What is it? Inbound and Outbound Air Cargo Tonnage – The Air Cargo Capacity Index is a measure of the scheduled airline available tonnage capacity for passenger wide-body and freighter aircraft serving a market or an airport on an outbound (OACT) and … Read More

Understand freight demand in major trade lanes.

FreightWaves Customer SuccessDaily Tips

Did you know? You can monitor spot prices for 40-foot ocean containers across 12 major maritime lanes. What is it? Freightos Baltic Daily Index (FBXD) – The Freightos Baltic Daily Index measures the daily price movements of 40-foot containers in 12 major maritime lanes. It is expressed as an average price per 40-foot container (in US$). This index is the world’s only … Read More