FreightWaves SONAR Lane Score data is now available in the Descartes MacroPoint Capacity network, according to Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in linking logistics-intensive firms in commerce. The combination gives freight brokers a single view of available capacity and market pricing information for each transportation lane.
“The rippling effect of low availability over the previous 18 months has highlighted how limited capacity may impact brokers and shippers’ pricing and margins, as well as the need for new transportation solutions,” said Travis Rhyan, FreightWaves’ Chief Product Officer. “We opted to engage with Descartes because of the breadth and depth of its network, as well as its innovative approach to tackling the industry’s current transportation capacity concerns.”
SONAR Lane Score allows logistics professionals to see market conditions on each lane through a simple score system (1-100) that indicates how appealing (or not) it will be to cover open loads on that lane. This knowledge enables decision-makers to prioritize lanes where capacity is limited to respond to market changes more quickly and reduce risk.
SONAR Lane Score is a vital measure of lane attractiveness that, when combined with the estimated inbound capacity score from the Descartes MacroPoint Capacity network, provides instant insight into current market conditions across the North American over-the-road network. Descartes and FreightWaves work together to simplify and automate load coverage decision-making by providing logistics professionals with essential data points to prioritize and execute more dependably and cost-effectively. Brokers can use lane scores as automation triggers to deliver offers to the most appropriate carriers servicing the network, which improves day-to-day outreach.
“Today’s transportation difficulties are far too complicated for traditional manual methods and assumptions to overcome,” said Xavier Bignon, Senior Product Manager at Descartes. “The SONAR Lane Score from FreightWaves simplifies the capacity sourcing decision-making process, allowing brokers to serve their customers better and increase their bottom line.”
