Cork, Ireland & Chattanooga, Tennessee – 28 August, 2024

Keelvar, a leading provider of intelligent sourcing optimization and automation solutions, has announced a groundbreaking integration with FreightWaves SONAR, the trusted source for global supply chain market intelligence. 

This collaboration will revolutionize how freight procurement is managed, enabling procurement professionals to make more informed decisions with the power of real-time North American road transport data directly integrated into Keelvar's platform.

FreightWaves SONAR provides extensive market rate data that, when combined with Keelvar’s advanced sourcing optimization capabilities, empowers procurement organizations to:

  • Stay competitive by comparing costs and identifying opportunities for savings
  • Strengthen carrier negotiations with accurate, up-to-date market data for better bid feedback and optimized pricing
  • Access daily updated spot rates and weekly contract rates to inform both short-term and long-term procurement strategies
  • Automate data ingestion and integration to reduce manual effort and increase efficiency

Spencer Piland, COO and CFO of FreightWaves SONAR, commented, “SONAR data has a natural place in sourcing optimization tools like Keelvar so that mutual customers can have access to market benchmark pricing when they are making sourcing decisions. We have been impressed with the Keelvar platform and are excited about the expanding use cases of SONAR's high-frequency pricing and market data.”

"We have been impressed with the Keelvar platform and are excited about the expanding use cases of SONAR's high-frequency pricing and market data.”

Alan Holland, Founder and CEO at Keelvar, added: “Integrating FreightWaves SONAR's rich data sets with our sourcing optimization tool marks a new era in freight procurement. The ability to directly pull SONAR data into our platform means our customers can negotiate more effectively and respond to market changes with unprecedented speed and accuracy.”

Benefits to customers include:

  • Understand market trends and rate fluctuations to make data-driven sourcing decisions
  • Save time and reduce errors by automating the import of real-time market benchmarks
  • Use SONAR lane scores to gauge the ease of securing favorable rates and enhance your negotiation leverage

With this powerful integration, Keelvar and FreightWaves SONAR are setting a new standard for efficiency and accuracy in freight procurement.  In addition, FreightWaves SONAR is generously offering a 90-day FREE trial for any Keelvar customer to leverage the integration.  Contact Keelvar for more information.

The integration is particularly advantageous for companies handling both spot quotes and long-term contracts, those facing volatile market conditions, and those seeking better negotiation tools and cost-saving opportunities. ‍

For more information on the Keelvar and FreightWaves SONAR integration, download the datasheet here.

About Keelvar

Keelvar is moving procurement forward with best-in-class software for intelligent sourcing optimization and autonomous sourcing, designed for easy adoption, scalability, and productivity. Keelvar’s award-winning SaaS solutions optimize over $100 billion in spend annually for blue-chip global companies. Contact Keelvar for more information.

About FreightWaves SONAR

FreightWaves SONAR is the leading provider of high-frequency, global supply chain intelligence for the freight and logistics industry. SONAR’s price, demand and capacity data allow customers to benchmark, analyze, monitor and forecast the global physical economy. SONAR adheres to IOSCO principles for developing freight benchmarks, ensuring confidence in the data integrity while helping firms de-risk exposure to freight market conditions. Our mission is to bring transparency to all parts of the supply chain for better decision-making and performance. Learn more at sonar.freightwaves.com.