Isometric Technologies (ISO)

Wishing you a relaxing, headache-free, "on-time and in-full" 4th of July weekend from the ISO family! Here's to your ISO Score being 100 all weekend long. Happy Independence Day!

As we head into summer, the market is still very challenging. Your data can be your differentiator in a down market, and unlock the doors to: - Operational efficiency and accountability - Better margins - Sustainable, strength-based growth But what if you don't have the data of the $billion brokers? You're not alone. Fortunately technology can accelerate your visibility well beyond your four walls. Have you rethought how data consortiums can give you a competitive advantage in this market? https://lnkd.in/gK4RTVcm

UPS loses $775 million on the sale having bought Coyote Logistics for $1.8 billion in 2015. Read more about this story in today's FreightCaviar newsletter by subscribing for free on FreightCaviar.com. Today's newsletter is brought to you by Levity, Isometric Technologies (ISO) and Greenscreens.ai.

FreightCaviar introduces the “modern carrier selection funnel” for the next-gen freight broker tech stack. With fraud rising across the trucking industry, building a funnel that eliminates risk has never been more important. We’re honored that FreightCaviar recommended Highway as an option for carrier vetting technology in its section on who to work with. Read the full article here: https://lnkd.in/dE7pMCGn Reach out to us to explore adding Highway to your carrier selection funnel to eliminate fraud and risk in your workflows: https://lnkd.in/gBwqFZs2 #carrieridentity #identitymanagement #accessmanagement #iam #cybersecurity #freightfraud #trucking #transportation #supplychain #logistics #cargo #freight #highwayiscarrieridentity #logistics

Looking to boost your freight brokerage's growth through smarter carrier selection? Discover how ISO's Power Lane feature can revolutionize your approach. Power Lane enables you to strategically grow your network by providing instant access to a comprehensive database of carriers along with their performance scores. This tool allows you to identify reliable carriers efficiently, ensuring you're not just choosing the cheapest option but the most effective one. Read more about the advantages of strategic sourcing with ISO’s Power Lane and how it can protect your margins at https://lnkd.in/g-XUdWut.

Most brokers wish they did more of their own performance scorecarding, but think they will have to build it to make it happen. And that means using PowerBI, Tableau, or even worse…. Excel to generate scorecards or KPIs for your carrier network. Do you only provide scorecards for your “strategic” carriers because manually generating 10,000+ scorecards would take a literal TEAM to distribute on a monthly basis. ISO is scorecarding. Our platform generates dynamic and SHAREABLE scorecards for all of your carriers and all of your customers. Oh, and they come equipped with industry service benchmarks as well. Make service performance the forefront of your carrier relationship and drive change to delight your customers and grow your carrier base the right way. iso.io

"Cost to serve" is often mistakenly thought of solely as the rate paid to a carrier. In reality, there’s more to a cost-per-load metric than that. It's essential for freight brokerages to gain an understanding of the total, all-in cost of serving their customers on every load. Do you factor the trickle down costs of poor service into your cost per load? https://lnkd.in/g26cfkPv

This article emphasizes the critical role of performance data in differentiating freight brokers in a challenging market. It outlines strategies for leveraging data to enhance service-level performance understanding, compare against industry benchmarks, and develop strength-based sales strategies. A data-driven approach, supported by tools like ISO's scorecards, can help brokers manage better in recessions by making informed decisions that improve operational efficiency and customer satisfaction. Read more at https://lnkd.in/gK4RTVcm.

In this article, we discuss the limitations of traditional paper freight rates in logistics procurement. A shift towards data-driven decision-making is needed to fully understand the real costs associated with service levels in transportation contracts. Paper rates can be misleading by not accounting for hidden costs like poor carrier performance. Comprehensive data analytics should be incorporated to understand the true costs involved, thereby enabling better decision-making and operational efficiency in the logistics sector. Read more at https://lnkd.in/gZMuaBEJ.

Articles we love: As supply chains grow increasingly complex, establishing a uniform approach to data across the logistics industry is more crucial than ever: https://lnkd.in/gW9GZQ7x Attempting to achieve uniform data practices across the logistics industry is a difficult task in itself, and it is exciting to see the industry begin to recognize its importance. ISO's mission is to not only gather this data, but to also facilitate seamless, integrated environments where these benchmarks are comparable, a “FICO for Freight”. Great work FreightWaves!