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FreightWaves’ Todd Maiden said it best in early December: “Several analysts have published transportation outlook reports for 2021 that are calling for continued strength in the trucking markets. Some are expecting the favorable truckload fundamentals that were in place in the back half of 2020 to continue unchanged through 2021.
Todd Maiden reported Wells Fargo believes 2021 will be a banner year for container shipping on the rails, citing strong year-over-year comps and sustained import growth. Request a SONAR Demo. Request a SONAR SCI Demo. Epilogue by Jason Vanover).
Request a SONAR demo by clicking the button below to get started. Request a SONAR Demo. The post The biggest challenges in asset-based trucking to overcome in 2021 appeared first on SONAR. However, these issues can be tackled through proper asset utilization and proactive management based on near-real-time freight data.
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.
Domestic intermodal contract rates are poised to take another meaningful step up in 2022 on top of double-digit rate increases in 2021. Since intermodal contract rates rose steadily throughout last year, shippers whose annual contracts were last re-priced early in 2021 will see the steepest increases in contract rates.
The real story with rates is that there will be a volume backlog that will persist through the first quarter of 2021, and while short-term corrections will occur, the overall trend will be a decline in rates. Capacity is expected to remain fairly tight through much of 2021. Request a SONAR Demo.
The first of the for-hire trucking trends to drive decisions in 2021 is simple— capacity. In 2021, market experts predict a surge in freight volume through an acceleration of Class 8 orders at the end of 2020. Therefore, capacity is expected to grow ever tighter for the first half of 2021. . Request a SONAR Demo.
As 2021 begins, new growth and adjustments need freight managers’ attention to start the recovery process. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. This same flexibility will remain essential in 2021 and for the foreseeable future.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. This is a significant shift from late 2021, when 93% faced serious disruptions. In other words, this is a far cry from 2021 and its dramatic capacity shortage.
And to survive 2021, freight management parties need to know a few things about the value of shipping lane acuity and how SONAR makes insight into possible. And while the industry looks to the rest of 2021 with hope, the best option is to prepare for what could, what is likely, and what might seem too far-fetched to happen.
12–14, 19 and 21–22, 2021 The event often gets the nickname of Retail’s Big Show as it is a primary cornerstone of the NRF Retail Week event. Global Trade Tech | To Be Announced This FreightWaves event includes talks, demos, keynote presentations, vendors and much more. Request a SONAR Demo. Register Here. Register Here.
Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. Request a SONAR Demo. Request a SONAR SCI Demo.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU. So, shippers on affected lanes should expect longer lead times and higher freight rates until the Houthi threat is brought under control.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. But with capacity already stretched thin, the shift of vessels to East-West lanes may contribute – like it did in 2021 and 2022 – to higher rates on regional and lower-volume lanes as well.
For the Ever Given as an example, as of yesterday, the schedule posted by Evergreen the expected ETA of the vessel into Rotterdam was April 1st, 2021 (with a scheduled departure date of April 3rd, 2021). Request a SONAR Demo. Request a SONAR SCI Demo.
Partner with trucking carriers to meet 2021 fully prepared . To start capturing the data and understand what differences trucking carriers can make (not to mention how easy it can be to diversify shipping options), request a FreightWaves’ SONAR demo today. Request a SONAR Demo.
David Spencer, the Director of Business Intelligence at Arrive Logistics and #WithSONAR’s co-hosts discussed the outlook for 2021. Get a Demo of SONAR's Lane Scorecard. Finally, a special guest joined Falasca and Taylor. It has been recognized by Inc.,
USA, VOTRI.USA, TSTOPVRPM.USA Truckload carriers have continued to struggle to provide consistent coverage through the first quarter of 2021, and in return costs have increased. Request a demo by clicking the buttons below. Request a SONAR Demo. Request a SONAR SCI Demo. Epilogue by Jason Vanover).
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. In 2021 and 2022 an extreme surge in demand for goods that overwhelmed ports was the main culprit of disruptions and spiking rates. America East Coast peak of $22k/FEU.
Major weather storms have been prevalent throughout the years and 2021 is no exception – the major winter storm that swept the nation in February, multiple hurricanes with the latest, Hurricane Ida, ravaging the Gulf Coast. Request a SONAR Demo. Request a SONAR SCI Demo.
In this blog post on the top freight podcast, I will first provide the top FreightWaves podcasts from the FreightCasts team headed up by the legendary Timothy Dooner. Look for the brand new FreightWaves TV show and podcast to launch in 2021! Request a SONAR Demo. Subscribe on YouTube. Listen on Apple Podcasts.
An updated and modernized freight tech stack will make a recovery possible in 2021. With these practical tips in mind, any carrier network can find success in 2021 and beyond. See SONAR in action by requesting a demo of the SONAR platform or click the button below. Request a SONAR Demo.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. According to the National Retail Federation , during an 18-month stretch in 2021 and 2022 US import volumes averaged 2.21 million TEU per month and surpassed 2.3 million TEU twice. million in September.
Schulz in Supply Chain 24/7 , “Unlike past years, 2021 will likely be one where a fortuitous combination of pricing discipline and high barriers to entry meet an industry determined not to waste what’s likely a once-a-decade pricing conundrum for shippers fueled by growth in e-commerce.” Request a SONAR Demo. According to John D.
The rates include fuel and any peak season surcharges, which appeared to have an impact in late 2020 and mid-to-late 2021. To learn more about how FreightWaves SONAR’s volume and rate data can help you understand the freight market and plan for what lies ahead, visit sonar.freightwaves.com or request a demo.
That’s especially true when considering the state of the economy and hopes for growth in 2021. Request a FreightWaves SONAR demo to get started. Request a SONAR Demo. Remember that today, the capacity crunch is in full effect, and it’s only a matter of time before carriers begin rejecting loads at record highs.
In the pandemic-ridden world of 2021, it is important to maximize each step to keep up with demands and stay in business. Request a FreightWaves SONAR demo to get started by clicking the button below. Request a SONAR Demo.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. In terms of freight rates, it is tempting to look back to 2021 when a container vessel blocked the Suez Canal for several days. Get Your Custom Report Now! But this time there is excess capacity to step in.
Be sure to check out their forthcoming webinar, “ Reimagining the Supply Chain to Deliver Amazing Customer Experiences ” on April 8th, 2021. . . Request a SONAR Demo. The post [stackd] Beyond TMS: How freight tech enables supply chain collaboration & customer experience at scale appeared first on SONAR.
In contrast to the softer packaging prices experienced in 2020, companies have experienced significant inflation rates to-date in 2021, which has made packaging an area of greater focus for shippers. Request a SONAR Demo. Request a SONAR SCI Demo. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.
On February 16, 2021, final reported rates for reefer contracts were at $2.02. Request a SONAR SCI Lane Acuity demo to get started. . Request a SONAR SCI Demo. According to Supply Chain Digital , “although new, AI-driven concepts are being introduced, they aren’t new to the logistics sector. last year and $2.19 the year prior.
Normally, spot rates in this lane fall to their lowest points of the year in the winter months of January and February, but that has not been the case so far in 2021. . Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo. Download the White Paper. Epilogue by Jason Vanover).
As volatile as the last few years have been within the industry, 2021 and beyond could remain the most impactful years yet. Click the button below to request a FreightWaves SONAR demo. Request a SONAR Demo. Making the most of freight management and data analysis services will represent a key focus in the years ahead.
2021 (blue), 2020 (green) and 2019 (orange). Demand levels haven’t subsided; if anything they have intensified, especially when compared to 2021 levels. The Outbound Tender Reject Index (OTRI), which is a measure of relative capacity in the market, is currently at 20.72%, 107 basis points (bps) below 2021 levels. mi to $2.79/mi.
Looking Back at 2021 and Ahead to 2022 in Intermodal Trucking. Read the Full Blog. Request a demo to see how DM Maintenance can streamline your vehicle repair, inventory, and equipment management. Watch the Video. DM Maintenance. Effortlessly manage your fleet with a full-featured maintenance software solution.
Looking Back at 2021 and Ahead to 2022 in Intermodal Trucking. Read the Full Blog. Request a demo to see how DM Maintenance can streamline your vehicle repair, inventory, and equipment management. Watch the Video. DM Maintenance. Effortlessly manage your fleet with a full-featured maintenance software solution.
Since the beginning of 2021, maritime shipping lines will need to refocus on safety compliance. Get started by requesting a FreightWaves SONAR demo via the button below. . Request a SONAR Demo. Quantity remains finite and all maritime shipping must occur within those limits.
In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%. Book a demo to see how Locus can enhance your last-mile operations Book a Demo The post Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them appeared first on Locus Blog.
This will be key in 2021. If you are not a FreightWaves SONAR user, click below to schedule a demo , and begin providing your carrier sales representatives with the knowledge they need to compete. Request a SONAR Demo. In our recent white paper , we discussed the growing importance of carrier utilization.
And this can be particularly challenging in 2021 considering the pandemic and the state of the shipping world. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo. The post [INFOGRAPHIC]_5 truck freight rate volatility contributors to consider appeared first on SONAR.
And success in 2021 will depend on the ability to offer the most competitive freight rates and maximize profit margins simultaneously by using effective supply chain and freight brokerage software. Request a FreightWaves SONAR demo to get started. . Even with some stability returning to the market, customer confidence remains shaken.
In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices. Contact us today for a demo or to discuss your inventory challenges call: (844) 416-5000. Post first published July 2015, updated March 2021.
Stats from the US Bureau of Labor Statistics show that there were , 11 million job openings at the end of October 2021. Reach out to the Parade team to , schedule a demo so you can see how Parade sets your representatives up for success. Recruiting is one of the biggest challenges today for companies nationwide, and even worldwide.
Stats from the US Bureau of Labor Statistics show that there were , 11 million job openings at the end of October 2021. Reach out to the Parade team to , schedule a demo so you can see how Parade sets your representatives up for success. Recruiting is one of the biggest challenges today for companies nationwide, and even worldwide.
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