SONAR Enhances Oracle's OTM Integration and Launches Shipper Consortium for Unmatched Supply Chain Benchmarking
Seamless Integration for Smarter, Faster Decisions
Powered by Redwood Connect's Integration playbook, SONAR's OTM integration solves persistent shipper challenges such as outdated benchmarks and lack of timely visibility. Oracle OTM cloud customers now have embedded access to SONAR's high-frequency market insights, including:
TRAC Spot Rates: real-time, IOSCO/SOC2 compliant benchmarks
Contract Rates: invoice-derived cost benchmarks
Tender Rejection & Volume Indexes: forward-looking market direction signals
Lane Capacity Scores: intelligent insights for lane level negotiations
With over $200B in annual freight spend and 1,000+ unique market inputs, SONAR delivers near real-time freight trends, with <24-hour data freshness.
Introducing SCORE: Collaborative Benchmarking, Redefined
A key feature enhancement includes one-click data contribution from OTM into SCORE, made available via Redwood Connect. SCORE offers the most accurate, confidential, and tailored benchmarking platform in freight, with benefits including:
Tailored Insights: benchmark your performance against true peers with granular insights
Collective Intelligence: anonymized data sharing drives smarter industry-wide practices
Negotiation Strength: validate procurement strategies and reduce negotiation cycles
Multimodal Benchmarking: truckload, LTL, intermodal, drayage, air and ocean- by lane, mode and commodity.
Currently, 14 shippers have joined SCORE, representing $9B in transportation insights, with 34 more in legal reviewing totaling over $100B in potential contributions.
Join us at OTM Sig
The enhanced SONAR and OTM integration, transforms benchmarking from a backward-looking report into a proactive strategic tool. Visit the SONAR team at OTM Sig, at booth G9, to learn how to activate this integration and join the future of freight intelligence.
About SONAR
SONAR is the leading high-frequency freight market analytics platform, delivering actionable insights across all transportation modes. Trusted by industry leaders, SONAR empowers organizations to navigate market volatility, optimize transportation strategies, and drive measurable savings.
About RedwoodConnect
RedwoodConnect
is the integration platform that powers logistics execution and supply chain technology orchestration. Any protocol. Any format. Any system. It'll become the foundation of the digital transformation you're looking for.
The post SONAR Enhances Oracle's OTM Integration and Launches Shipper Consortium for Unmatched Supply Chain Benchmarking appeared first on FreightWaves.
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