FreightWaves TRAC (Trusted Rate Assessment Consortium) Spot Rates

FreightWaves Customer SuccessSONAR Features, Uncategorized

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

Lane Score Through MarcoPoint (Descartes)

FreightWaves Customer SuccessSONAR Features, Uncategorized

What is it? A score derived from electronic tender data that measures how easy a lane is to cover based on directional balance. Low Lane Scores are connected to higher prices, while high score lanes tend to be easier to cover with prices lower than the market average.  Who is interested?  Transportation Managers, Brokers,  Pricing Analysts, Shipper Procurement, Carrier Sales … 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

SONAR Predictive Rates

FreightWaves Customer SuccessSONAR Features

How FreightWaves SONAR calculates its rates When an origin-destination (OD) pair is provided, we calculate the over-the-road distance and driving duration with traffic.  A “market” is dynamically (i.e., on-the-fly) built for both ends of the OD pair using zip3s (the first three digits of any given zip code) within a radius determined by the lane distance and population density of … Read More

Market Insights and Research

FreightWaves Customer SuccessSONAR Features

View exclusive articles such as the Daily Watch, white papers and Deep Dives by clicking the lightbulb icon at the top right of the SONAR toolbar. Not a SONAR customer but want to learn more about SONAR? Visit the SONAR website to learn more. Or click the button to the right to get a demo. Get a Demo

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

SONAR Sue

FreightWaves Customer SuccessSONAR Features

Find important information related to SONAR such as new releases and announcements. SONAR Sue will launch when you first log in. You can also access SONAR Sue by clicking the orca icon at the top right and side of the SONAR display window. Not a SONAR customer but want to learn more about SONAR? Visit the SONAR website to learn more. … Read More

Chat Function

FreightWaves Customer SuccessSONAR Features

With the chat function, you can chat directly with our customer success team and market experts; as well as other subscribers. Moderated Chat Function Click the chat icon at the top right-hand of the screen Select your channel Begin chat Not a SONAR customer but want to learn more about SONAR? Visit the SONAR website to learn more. Or click the … Read More