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Short-haul volume growth shines a light on current trucking trends. Understanding freight trends from the beginning of the supply chain all the way through to delivery is important for all parties involved. The current trends in maritime shipping data suggest increased shipment delays and further inflationary pressures on rates.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Truckload demand has stabilized at a high level after declining seasonally to start the fourth quarter. Request a SONAR Demo. Request a SONAR SCI Demo.
And the trucking trends will reflect both the hope for a return of normalcy and the reality of some new, permanent shifts in the industry. With that in mind, it’s important to realize that carriers can use the top 10 trucking trends to find a long-term value-prop coming out of the most in-demand periods for carriers in history.
However, carriers across the board need to recognize the trucking trends coming out of the for-hire trucking industry as they will inevitably carry over into larger carrier networks as well. . Capacity concerns will remain a leader in for-hire trucking trends. Vaccine distribution will also play a role in for-hire trucking trends.
Measure invoiced rates against market trends. The billed or invoiced rates should always reflect current market trends. And 2020 taught the logistics industry that disruption is indeed the new normal. Request a SONAR demo online to get started. Request a SONAR Demo.
Of course, no disruption comes close to those that have been experienced to date in 2020. Yes, AI and machine learning build on algorithms to isolate historical trends and derive a likely transportation rate. But this is 2020. And the past data trends are obsolete and rapidly becoming more so. Request a SONAR Demo.
Contact our sales department to get a demo or login. To learn more or request a demo of the Delivery Experience Manager, get in touch with us. Our goal is to make the ShipChain blog an educational space in which you can learn about blockchain, shipping, logistics, industry trends, or some combination of all 4. More customers.
Surviving the tumultuous year of 2020 represented the most critical challenge shipping leaders had to face in years. The remainder of 2021 will be subject to continuous spot versus contract balancing 2020 showed the industry that adaptability remains critical during times of disruption. Request a SONAR Demo.
As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. In 2020 supply chains have shown that freight market dynamics can change within hours. That’s been the dominant trend in 2020.
Unfortunately, the trials of 2020 taught supply chain leaders that planning on the typical expectations will not always work. How can an organization sum up contractual differences within a single source without considering individual nuances and unique trucking trends of each shipping lanes? Request a SONAR Demo.
The issue with recruiting and retaining truckers is that it is difficult to do so without understanding actual market trends and volatility. . It was predicted the industry would be down approximately 200,000 drivers by the end of 2020. Request a FreightWaves SONAR demo to get started by clicking the button below.
Unfortunately, the wide variances of 2020 revealed those fluctuations could grow more severe than anyone realized. As a result, carriers found themselves at the heart of an in-demand crowd with finite capacity resources, facing a growing carrier trend for more and faster service. Request a SONAR Demo.
Roadcheck 2020 is live… The FMCSA releases an under 21 pilot… Driver exits could add to the capacity crunch… trucking jobs are up… and aggressive rate trends are expected ahead. The first 7 months of 2020 has resulted in $290.6 Test it out for yourself and get a free demo today. Get the details.
The worldwide 3PL industry, estimated at roughly $1 trillion in 2020, is predicted to reach $1.75 E-commerce sales increased as a result of the epidemic post-2020. growth over February 2020. growth over February 2020. Request a Turvo Demo. . trillion by 2026 due to the COVID-19 epidemic.
Set in motion by the Chinese e-commerce giant, Alibaba, Singles’ Day shopping festival made the company a whopping $115 billion dollars in sales in 2020. Trends likely to drive Singles’ Day sales. Schedule a demo now ! The post Do Shopping Trends Drive Singles’ Day Sales? times faster than those that were not.
As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. Without excellent and clear communication, these trends will not be identified and acted upon until it is too late.
Some emerging trends around last-mile delivery fulfillment models. In 2020, there were a total of 256 million digital buyers in the United States. Let’s explore the four emerging trends around last-mile delivery fulfillment models that have gained traction among modern business enterprises. Schedule a demo with Locus!
The societal and economic challenges of 2020 have constructed a positive outlook for transportation in 2021. It would be an oversight to kick off a 2021 outlook without addressing the structural changes to supply and demand as a result of what 2020 materialized into. Request a SONAR Demo.
Part of this requires an understanding of which shipping trends are being utilized by other carriers. In a changing market, carriers will find that these trends are incredibly beneficial in ensuring that they are up to date with which direction the market is moving and will assist with carrier revenue. . Request a SONAR Demo.
At that point capacity was tightening as 2020 began, due to carriers being less willing to enter the market. Request a SONAR Demo. Request a SONAR SCI Demo. Spot rates during the time of disruption from the flooding were the highest of 2019, outside of holiday season at the end of the year.
A key component of this technology trend is the need for a supply chain visibility platform. Request a demo here or email info@mytmc.com. Gartner, Market Guide for Real-Time Transportation Visibility Platforms, Bart De Muynck, 25 February 2020.
The solution: Recognizing market trends as they occur in real-time is easier with access to actionable, insightful data. And as 2020 taught the industry, a lack of planning for sudden changes in international trade will contribute to catastrophic, supply chain-wide failures. . Request a SONAR Demo.
Despite revenue declines across the industry in 2020, we estimate that freight spend was as high as pre-pandemic levels due to growth in packaging demand and elevated freight rates. Request a SONAR Demo. Request a SONAR SCI Demo. Last year, FreightWaves estimated that the top five paper and packaging companies in the U.S.
Despite the revenue declines posted by the industry in 2020, we believe that industry freight spend is just as high as pre-pandemic levels due to growth in packaging demand and higher freight rates. Like many industries, 2020 was challenging for the paper and packaging industry. Request a SONAR Demo. Request a SONAR SCI Demo.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. See description of the just-released FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate data on pages 5-6. Request a SONAR Demo. Request a SONAR SCI Demo.
This “SONAR highlight reel,” which we plan to publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Truckload demand remains elevated with accepted tender volume hitting a new high, even surpassing holiday 2020 levels. Request a SONAR Demo.
Gaining steam from an already-high level, accepted tenders are up 4% over the past month and are 15% higher than 2020 levels. Request a SONAR Demo. Request a SONAR SCI Demo. The same index from China to the North America West Coast is up a relatively modest 174% y/y. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.
Throughout the period of economic recovery following the early 2020 recession, the growth in new and existing home sales seemed inexorable. Meanwhile, the lack of available lots, expensive building materials and labor availability issues have slowed recent construction trends. Request a SONAR Demo. Request a SONAR SCI Demo.
And the overall industry trucking trends imply an absolute need to grow more strategically. But without a doubt 2020 was a significant game-changer for the freight load industry. Click the button below to request a FreightWaves SONAR demo. Request a SONAR Demo. This must always remain the focus of the entire supply chain.
The list includes trending blog posts, our latest webinar and a brand-new Buyer’s Guide for S&OP. million positions may go unfilled by 2020. To help you stay informed during the summer months and close the year with impact, we prepared a list of our most popular content for your reading and viewing pleasure. New guide .
FreightWaves scientific rates are predicting a return to a slow downward trend after the impacts of the past month’s winter storms recede. The overriding trend prior to these storms was that of a slow loosening of the market, as indicated by existing predictive capabilities Remember that the need to stay strategic is paramount.
Still, if they view the overall averages within FreightWaves SONAR, it’s much easier to navigate the freight market, and they can effectively know how carrier profitability is trending. The volatility on the markets in 2020 highlighted the supply chain’s vulnerability to deviations and disruptions.
However, 2020 helped shed light on just how behind the industry is compared to others. Prioritizing moves based on inbound and outbound data trends. Request a SONAR Demo. The freight transportation industry has always been slow to adopt new advances in tools, software and automation. Industry expert guidance as a best practice.
Obviously, during periods of high-demand, as seen throughout 2020, carriers are likely to take and accept as many loads as possible. A few ways to apply data to enable this level of strategic positioning include: Tracking granular market conditions that may deviate from nationwide industry trends. Request a SONAR Demo.
The SONAR chart above shows OPRAT chart for 2020 as compared to the past three years. You notice another spike as the industry saw increased volatility in Spring of 2020 due to the COVID-19 pandemic. Click the button below to g et a demo of SONAR to see what the platform can do for you. Request a SONAR Demo.
And one of the easiest ways to keep up-to-date with the latest news and trends is to follow the available top freight podcasts. Aimed at younger members within the industry, learn about the newest trends and tips that will help new drivers and managers get the competitive edge. Request a SONAR Demo. Trucking for Millennials.
SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Request a SONAR Demo. Request a SONAR SCI Demo. Source: SONAR). Source: SONAR).
Trends: Product demand is influenced by fashion, technology, social, economic and legal factors. Look out for such trends in your historical demand data and adjust your forecasts accordingly. For more information on how your inventory control practices could benefit from EazyStock, or to book a demo, please get in touch.
posted a similar gain in March over February, sharply reversing a declining trend. The trend reversal in January and February has warranted a second look a few months later. Many companies are still struggling to replenish inventory from the surge of demand in 2020. Request a SONAR Demo. Epilogue by Jason Vanover).
According to Jeff Berman of Logistics Management , “Due to a confluence of COVID-19-driven factors, including reduced consumer demand, lower import levels, heavy job losses, the ongoing United States-China trade war, and overall economic unease, a case can be made that the 2020 peak season is shaping up to be much different than normal.”
According to the American Trucking Association, the industry faced a shortage of over 80,000 drivers in 2021, projected to grow to 160,000 by 2030 if current trends continue. Brief Insights on Emerging Trends Advances in Automation and AI Automation and artificial intelligence are set to revolutionize the transportation industry.
billion between 2020 and 2024 , reports Technavio. Brokers possess carrier-like qualities, identifying trends in shipper activity, and helping carriers get better profit margins by: Connecting with more shippers , including smaller shippers with a lower annual freight spend. . Request a SONAR Demo. appeared first on SONAR.
The list includes trending blog posts, our latest webinar and a brand-new Buyer’s Guide for S&OP. million positions may go unfilled by 2020. Read on to get all the goodies. Best of our blog. Is it time to finally retire your spreadsheets? CSCMP estimates that as many as 3.5
That real-time data yields valuable insights into current ocean freight trends, issues and alternatives that logistics managers need to be aware of at all times. And while COVID-19 was the significant disruption of 2020, the disruption that will shape 2021 was the Suez Canal event. Request a SONAR Demo.
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