The Invaluable Role of Data in Freight Management

Data in Freight Management

Successful freight management begins and ends with information, and in today’s world, that information rests in the form of data in freight management.

According to Supply Chain Brain, more than 70% of all freight tonnage moves by trucks, and with more than 3.6 million Class 8 trucks on the road, the opportunities to collect data are astounding. 

Freight data also goes by many names, including metrics, key performance indicators (KPIs), telematics, analytics-driven insights, and more.

Despite the differences in connotation, the denotation remains the same - using the information to better manage the supply chain, intervene when necessary, and derive greater value.

That’s the endgame for tactical logistics and freight management. That’s where the industry is headed, and without data, your company will fail. There are no second chances. 

So, to bring home our series on tactical freight management, we will take a closer look at the role of freight data and its implications for freight management.

Specifically, this white paper will explore:

• The great challenges and barriers of supply chain management that derive from poor visibility and specifically poor freight data access and use
• How data-driven freight through a TMS’ use can change the game
• The value of freight analytics to enhance productivity, profitability, and more
• Which freight KPIs add value and how to ensure your KPIs don’t lose sight of the bigger picture