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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. How to track trends developing in long-term pricing agreements. Request a SONAR 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.
For the most part, the retail market for fresh foods thrived throughout the pandemic, according to the Supermarket News 2021 Fresh Foods Trends Report. As one respondent said, “COVID just woke us up to a trend that had already been occurring. Download our ebook now to learn more, then schedule a demo with us.
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.
Staying up to date with the latest trends , technology and innovations is important within any industry, but it is particularly true of the logistics and shipping industry. 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. Register Here.
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.
Watch the episode below: What makes SONAR’s Lane Scorecard app unique from bulk lane rate tools on the market is its proprietary SONAR lane scoring, SONAR predictive rates and its spark graphs that allow a user to more easily see past and forecast trends. Get a Demo of SONAR's Lane Scorecard. It has been recognized by Inc.,
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. How can an organization sum up contractual differences within a single source without considering individual nuances and unique trucking trends of each shipping lanes?
This is a significant shift from late 2021, when 93% faced serious disruptions. It converged with a trend of both airlines and ocean liners investing far more heavily in their fleets over the past fewyears. In other words, this is a far cry from 2021 and its dramatic capacity shortage.
Needless to say, Singles Day 2021 will have shoppers flocking in huge numbers as well. Trends likely to drive Singles’ Day sales. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game. Schedule a demo now ! Share and Enjoy !
. “It is clear that freight rates have peaked and started to normalize during the quarter, driven by both decreasing demand and easing of supply chain congestion,” Maersk’s Wednesday statement read, confirming the trends observed by many supply chain experts that became self-evident through Q3 of 2022.
This not only provides versatility but also aligns with the growing trend of personalized delivery experiences, enhancing customer satisfaction and loyalty. According to a NielsenIQ survey, 61% of consumers prefer fast deliveries, reflecting a trend towards higher expectations for speed. Start Using RouteManager!
Trends & Applications in Drayage. Looking Back at 2021 and Ahead to 2022 in Intermodal Trucking. Request a demo to see how DM Maintenance can streamline your vehicle repair, inventory, and equipment management. A new year’s resolution for Envase was to release a monthly newsletter… and so far, so good!
Trends & Applications in Drayage. Looking Back at 2021 and Ahead to 2022 in Intermodal Trucking. Request a demo to see how DM Maintenance can streamline your vehicle repair, inventory, and equipment management. A new year’s resolution for Envase was to release a monthly newsletter… and so far, so good!
More Resources Home December 19, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
USA ticker show a trend toward significant increases going forward. In 2021, it will be imperative for shippers to start thinking about less-than-truckload as more than a nice-to-have resource. Get started by requesting a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo. According to John D.
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. That’s been the dominant trend in 2020. Request a FreightWaves SONAR demo to get started. . And major companies have taken notice.
Some emerging trends around last-mile delivery fulfillment models. Let’s explore the four emerging trends around last-mile delivery fulfillment models that have gained traction among modern business enterprises. – US Grocery E-commerce Sales 2019-2024, March 2021. Schedule a demo with Locus! Schedule Demo.
More Resources Home June 18, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
The issue with recruiting and retaining truckers is that it is difficult to do so without understanding actual market trends and volatility. . 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 SONAR Demo.
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.
Since the beginning of 2021, maritime shipping lines will need to refocus on safety compliance. The solution: Recognizing market trends as they occur in real-time is easier with access to actionable, insightful data. Get started by requesting a FreightWaves SONAR demo via the button below. . Request a SONAR Demo.
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.
This will be key in 2021. With the port congestion issues we have been dealing with in LA, and the lack of outbound and inbound shipments in Dallas due to recent weather trends, these signals are not surprising. . Send them a screenshot, like the one below, to let them know the current rate trends. Request a SONAR Demo.
More Resources Home May 28, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. million TEU per month and surpassed 2.3 million TEU twice.
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.
What’s driving the change in ocean shipping and how does SONAR help shippers see the trends The import boom appears far from over, and it will have implications long after this wave of unprecedented orders subsides. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.
And the overall industry trucking trends imply an absolute need to grow more strategically. 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.
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. Trucking RFP standards have grown to embrace many key analytics points for 2021 contracts.
FreightWaves scientific rates are predicting a return to a slow downward trend after the impacts of the past month’s winter storms recede. The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. Epilogue by Jason Vanover).
Maximizing asset utilization will remain key in 2021. Prioritizing moves based on inbound and outbound data trends. Request a SONAR Demo. In addition, the pressure to operate efficiently and use capital and manufacturing capacity frugally will remain unrelenting.” Industry expert guidance as a best practice.
Meanwhile, the lack of available lots, expensive building materials and labor availability issues have slowed recent construction trends. To illustrate, flatbed tender rejection rates increased from a low of less than 1% in April 2020 to 30% in June 2021 before retreating to 26%. Request a SONAR Demo. Request a SONAR SCI Demo.
A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024. In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%.
In contrast to the softer packaging prices experienced in 2020, companies have experienced considerable inflation rates 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.
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).
After consultation with the Materials Handling Industry (MHI of America) Board of Governors, MHI has made the difficult decision to cancel its in-person ProMat event in Chicago in April of 2021. MHI is harnessing all of the power of the MHI and ProMat brands to continue to deliver this value digitally in 2021.
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.
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.
higher than average 2021 levels. Rising contract rates caused the rejection rate to drop throughout 2021, as it fell from 26% in March, following the severe winter storm, to 19% by mid-December, ahead of the traditional tightening period around the holiday. Request a SONAR Demo. Request a SONAR SCI 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. These factors are further seen in top-industry trends.
In a marketplace where trends come and go and product sales can be erratic, items can move from category C to A very quickly. Contact us today for a demo or to discuss your inventory challenges call: (844) 416-5000. Post first published July 2015, updated March 2021. ABC analysis lacks dynamism.
More Resources Home January 3, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America East Coast peak of $22k/FEU.
In 2020, the total returns in the US accounted for $428 billion in lost sales, which was a whopping $761 billion in 2021. There was a 178% jump in merchandise returned between 2020 and 2021. The total returns in terms of lost sales in 2021 were larger than the US federal government’s national defense spending in 2020.
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