What Key Metrics Should CargoWise Users Focus on to Track Air Freight Performance Using BI?

Person analyzing air freight performance metrics on a BI dashboard, focusing on key indicators for CargoWise users.

Air freight operations are very dynamic and competitive, and without such tracking, it becomes challenging to optimize performance. With BI tools, CargoWise users can receive insights into air freight operations in a way that businesses can understand their performance, follow trends, and make data-driven decisions.

Let’s take a look at some important metrics for CargoWise users to monitor and enhance their air freight performance, also how BI tools and a shipping analysis dashboard can give significant benefits in this regard.

1. Trade Lane Performance

Trade lanes are, by definition, the highways of air freight and represent the key routes connecting origins and destinations around the world. But it also allows users in CargoWise to track the performance of trade lanes, especially to know which yields profitable routes, which have high volumes, and which are difficult or otherwise inefficient.

The performance of a trade lane can be understood to optimize routing, ship together more consolidations, or negotiate contracts with carriers more effectively. CargoWise users with the help of BI tools, can track the real-time performance of trade lanes and filter by financial year or quarter in real-time.

  • Total shipments by trade lane
  • Volume and weight by route
  • On-time delivery rates by trade lane
  • Average times for each lane

2. Financial Performance

For air freight operations, financial metrics are very important because they assist a business in the assessment of profitability and cost efficiency. BI dashboards allow the users of CargoWise to trace revenues, costs, and margins in extensive detail for better management of their financial performance.

An understanding of the financial performance of your air freight operations can identify where costs may be lowered and revenue maximized. Naturally, this is an important consideration when dealing with carrier contracts, optimizing rates, and improving general profitability.

  • Total freight cost by shipment
  • Revenue per shipment or trade lane
  • Cost per kilogram shipped
  • Profit margins by route or trade lane
  • Carrier performance related to cost-efficiency

3. Shipment Volume and Capacity Utilization

The volume provides a fundamental level of shipment metric, showing the general movement volume of freight, whereas capacity utilization measures how available space is used effectively. CargoWise users can track shipment volume by financial year, quarter, or trade lane to track trends and forecast future demand.

Monitoring the volume and capacity utilization will help a business balance demand with supply, preventing overbooking or underutilization of its air freight capacity. Efficient management of capacity results in fewer costs and more efficient schedules.

  • Shipment volume quarterly or annually
  • Load factor percentage space used in each flight-
  • Capacity utilization rate by trade lane or route
  • Historical trend of the volume change

4. On-Time Delivery Rates

Air freight on-time delivery rates have to be a critical measure of performance since, in addition to rapid delivery, reliability is another important aspect for customers. With the help of the KPI performance dashboard, CargoWise users can track how well carriers and trade lanes are performing in terms of their delivery time.

Any kind of delayed shipment will be quite damaging to their operations and have negative impacts on customer relationships. CargoWise users can monitor on-time delivery percentages, identify laggard carriers, and make data-driven decisions to improve service with its tracking tool for on-time delivery.

  • Percentage of shipments delivered on time
  • Delay by carrier or trade lane
  • Average delay time for late deliveries
  • Root causes of delay (weather, customs, issues with carrier)

5. Shipment Cycle Time

Shipment cycle time describes the total time it takes from the origin and then further through all the intermediary steps such as customs clearing from the time that shipment is laden to when it is delivered to its destination. Users of CargoWise can measure cycle time measurements therefore they can determine how efficient their operations are and where improvements can be made.

  • Average cycle time by trade lane or carrier
  • Breakdown of cycle time components (e.g., customs clearance, handling time)
  • Trends in cycle time improvements or delays

6. Customs Clearance Success Rate

Air freight shipments need to clear customs, and the critical flow of customs clearances can sometimes cause big issues. Users of CargoWise can check customs clearances against norms to ensure that all shipments are moving forward without problems across borders.

Monitoring customs clearance allows businesses to avoid delays and minimize fines or penalties resulting from non-compliance.

  • Percentage of shipments cleared on first attempt
  • Average customs clearance time per country
  • Number of shipment flags for customs issues
  • Customs delay-related costs

7. Carrier Performance

Carrier selection is also a critical component in your airfreight performance. CargoWise users can monitor carrier performance over cost, reliability, and service quality through BI dashboards.

  • On-time delivery by carrier
  • Freight cost per carrier
  • Claims for lost or damaged goods
  • Customer satisfaction per carrier

Conclusion

Monitoring Air Freight Performance can become an important aspect of any business that makes use of timely, hassle-free logistics. For CargoWise users, BI tools are the highest quality solutions in real-time true data for informed decision-making along with the optimization of the operation.

By key metrics in the areas of trade lane performance, financial performance, shipment volume, and on-time delivery, businesses can satisfy the expectations of their customers.

With the shipment analysis dashboard, you have access to all the data needed to manage air freight better and achieve success over the long term. Then why wait? Contact us immediately!