SONAR SCI – Lane Acuity

FreightWaves Customer SuccessSCI

What is Lane Acuity? Lane Acuity is the newest product app in the ongoing development of the SCI suite of products. Lane Acuity provides insights into market stability, by lane, helping participants identify rate and capacity risk on a lane. It also gives users the ability to quantify the carbon impact of their transportation networks.   Think of it as a … Read More

Intermodal contract savings versus truckload (IMCSI)

FreightWaves Customer SuccessRail/Intermodal

What is it? The percent difference between the domestic intermodal contract rate per mile (all-inclusive) and the truckload contract rate per mile (all-inclusive) on the same lane (i.e., same origin-destination pair). The Intermodal Savings Index tickers are derived from the SONAR contract rate data described here but with a key difference of these being calculated as all-in rates versus 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

What is a SONAR Index

FreightWaves Customer SuccessUncategorized

A freight index is a calculation based on industry data. SONAR freight indices collect data from all trading parties. That includes carriers, shippers, forwarders and brokers. Analysis of that data creates a benchmarking standard.  In turn, that allows companies to analyze strategic positioning, monitor market conditions and make decisions based on forecasted data. That process, the lifecycle of tactical freight … 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

Ocean Shipments Report

Hannah BlalockMaritime

What is the Ocean Shipments Report?  The Ocean Shipments Report, also known as OSR, displays ocean container and shipment volumes 7 days in the future. The container volume is measured in TEUs (twenty-foot equivalent units), and shipment volumes represent bills of lading. The index represents the daily volume of twenty-foot equivalent unit (TEU) volumes being booked with ocean container lines … Read More

Ocean Shipments Index (OOSI/IOSI)

Hannah BlalockMaritime

What is it? An index representing the daily shipment volumes being booked with ocean container lines for a specific country of origin, or a specific port within a country of origin. The date that is being used as the daily value is the Estimated Date of Departure (ETD) on each booking that has been confirmed by the ocean carrier as … Read More

Van/Reefer/Intermodal/LTL Contract Rate Per Mile Final (VCRPMF/RCRPMF/LTL)

Hannah BlalockTrucking Supply/Demand

Trucking Supply/Demand What is it?  The average base rate (no fuel or accessorial charges) of mostly contracted freight volumes reported on a 14-day (Initial, 1) and varying period lags (Final, F) on a national level. They are segmented into van, reefer, intermodal, and Less-than-Truckload (LTL) modes. Van, reefer, and intermodal rates are expressed in a rate per mile, while LTL … Read More

Ocean TEUs Index (OOTI/IOTI)

Hannah BlalockMaritime

What is it? An index representing the daily volume of twenty-foot equivalent unit (TEU) volumes being booked with ocean container lines for a specific country of origin, or a specific port within a country of origin. The index is calculated on a 10-day moving average, and is indexed to January 1st, 2019 using a baseline of 100 for each specific … 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

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

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