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View the Full WhitePaper. In fact, our data shows that accepted tender volume is up 12% y/y. Domestic intermodal contract rates are poised to take another meaningful step up in 2022 on top of double-digit rate increases in 2021. SONAR intermodal contract rate data shows rates up 19% from this time last year.
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. Fill out the Form Below to Access a COPY of the WhitePaper.
Maximizing asset utilization will remain key in 2021. And to help carriers achieve that goal, this whitepaper will explore a few best practices to reduce operating costs, including: The importance of meaningful data capture. Prioritizing moves based on inbound and outbound data trends. Visualization capabilities.
But, market forces have put the brakes on the continuous improvement in the market (from the perspective of the carriers) and the latest housing-related data points are off their recent highs, as are most flatbed-related data points. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo.
One year ago, we wrote a whitepaper in which we estimated that the top five paper and packaging companies in the U.S. With those thoughts in mind, we recommend that paper and packaging shippers leverage all data available when negotiating contracts and managing day-to-day freight movements. Request a SONAR Demo.
Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. Download the WhitePaper.
These issues are easily avoided by using trucking data and analytics that provide real-time visibility. Download the WhitePaper. Asset-based trucking carriers that utilize data and freight analytics to track their assets can fight back against these issues by only choosing headhauls where a backhaul opportunity is likely.
Successful supply chain management depends on the ability to collect data and apply it accordingly. 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. Download the WhitePaper.
It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.
But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Download the WhitePaper. Shippers may not track this data independently.
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. Trucking has a decisive advantage on shorter, irregular runs moving in or out of less populated regions, which are also core reasons to view lane-by-lane market data too.
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. Data will ensure smooth operations and successful executions at every point along the supply chain.
This article shares details on the Truck Tonnage Index, how the data reflects the overall economy, and other ways to interpret the data. Data Collection. The index is updated every month but experiences a one-month lag between data compilation and reporting. The tonnage index for July 2021 was 109.8,
As COVID-19 continues to reshape the supply chain, we're looking ahead to the emerging trends in warehousing you need to be aware of to ensure your organization thrives in 2021. Five Emerging Trends In Warehousing To Prepare For In 2021. The warehouse of 2021 and beyond will be as much of a technology center as an inventory center.
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. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
An updated and modernized freight tech stack will make a recovery possible in 2021. Apply big data through advanced analytics to understand current load rates, including predictive modeling of future rates. Big data remains essential now during this recovery phase aimed at improving carrier operations. Download the WhitePaper.
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. Download the WhitePaper. Therefore, capacity is expected to grow ever tighter for the first half of 2021. .
Instead of wasting resources to guess at which lanes and shippers meet minimum load requirements, capturing real-time freight data helps carriers identify their top performers, review eligibility for shipper-of-choice status and ensure everything runs more smoothly. Download the WhitePaper.
Download the WhitePaper. Partner with trucking carriers to meet 2021 fully prepared . And it begins with getting access to the comprehensive freight data needed to help diversify the trucking carriers mix and restore the biggest opportunities for advancement. Request a SONAR Demo.
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. Download the WhitePaper. Capture pricing data for LTL freight.
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. Download the WhitePaper. Insight into shipping lane acuity empowers freight management parties with real-time freight data that’s actionable, insightful and valuable.
Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. And it’s critical to know how carriers can tap data and analytics technology to boost driver morale and attract more talent. . Download the WhitePaper. Request a SONAR Demo.
Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. In fact, logisticians should consider these top five use cases of increased visibility and data within logistics and how they improve throughput. Download the WhitePaper.
Co-hosts Luke Falasca and Kyle Taylor discuss why freight brokers are overpaying their carriers to haul loads during the first week of 2021 on this episode of #WithSONAR. Falasca and Taylor explain the value of real-time data as market conditions have changed since the holidays. Download the WhitePaper.
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.” Download the WhitePaper.
However, it has no immunity to rising costs and fees, changes in taxes, mobile data expenses, and penalties. Download the WhitePaper. Since the beginning of 2021, maritime shipping lines will need to refocus on safety compliance. Managers need to contend with this challenge on a regular basis.
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. . Download the WhitePaper. And it all begins with getting the right data sources and insights at your fingertips to navigate the freight market.
[Should] you just figure out if it should be 5% or 6% [without data]?” In our recent whitepaper , we discussed the growing importance of carrier utilization. This will be key in 2021. SONAR is near-real-time data. That’s why the only way to figure out a real commission plan rests with knowledgeable sales.
From the pandemic through the severe winter weather of 2021, troubles like these are why supply chain business intelligence is critical during this time of recovery. Download the WhitePaper. Streamlined reporting and data sharing among all parties Access to data and easy options for sharing information is essential.
The tech is using data to its full potential to better anticipate events, avoid risks and create solutions. For example, DHL analyzes 58 different parameters of internal data to create a machine learning model for air freight. billion by the end of 2021. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER.
And part of that implies a need to recognize the value of real-time versus lagging data too. Download the WhitePaper. FreightWaves’ Carbon Intelligence will unify the data streams to show current environmental impacts, total emissions and, most importantly, highlight opportunities to reduce them. Request a SONAR Demo.
The state of logistics in 2021 continues to undergo transformation and disruption (continued from 2020), and while companies are looking for new logistics strategies to stay proactive, there comes a point at which supply chain leaders need a simple, fast way to view market conditions. Consistent data collection. Near-real-time data.
A recently published DHL whitepaper on Revisiting Pandemic Resilience sheds light into what the logistics sector has learned from the race against COVID-19 to be best prepared to handle public health emergencies in the future. Forming strong partnerships and leveraging data analytics will be key.
The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. The rates are derived from a combination of carrier costs, tender data and demographic information. Download the WhitePaper. Epilogue by Jason Vanover).
We’ve seen it before with Amazon cloud computing when the company needed to boost its data handling capabilities. billion to develop an air hub in Kentucky that’s slated to open in 2021 and will be home to fifty aircraft. So what happens when the e-commerce giant turns its eye towards logistics? It’s also investing $1.5
The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? through 2021, but total retail sales will grow 7.9%. Download the WhitePaper: Over the Road Freight Management Trends. Enabling Data-Driven Decision-Making. ?Access
Download the WhitePaper. For carriers to stay strategic, they must recognize that demand is growing and apply trucking data to plan accordingly. However, it does represent a need to have more accurate and timely data when making any decision. It accelerated e-commerce expansion, unlike anything in history.
Congratulations and welcome to 2021! And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. If a business wants to “thrive” in 2021 abnormalities, it’s essential to consider the top trends to expect through the year. The short answer?
With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.
For instance, the image shows a wait time of 135 minutes on February 21, 2021, one week following Winter Storm Uri. However, the current wait of 99 minutes on March 7, 2021 is significantly lower than the wait time observed in recent years. Download the WhitePaper.
The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. To help shippers prepare, we will examine contributing factors that will play a significant role in the 2021 truckload freight market. The Truckload Capacity Crunch Will Continue Into 2021.
It always goes back to using data as a best practice for all aspects of freight management. Download the WhitePaper. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation.
It always goes back to using data as a best practice for all aspects of freight management. Download the WhitePaper. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation.
Political instability, Brexit, pent-up consumer demand, spot versus contract considerations, and more complicate freight managers’ duties and add more transportation data to the industry. And the crux of the whole process rests on the timeliness and validity of any data-driven insights available. Download the WhitePaper.
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