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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.
View the Full WhitePaper. Domestic intermodal contract rates are poised to take another meaningful step up in 2022 on top of double-digit rate increases in 2021. Request a SONAR Demo. Request a SONAR SCI Demo. In fact, our data shows that accepted tender volume is up 12% y/y.
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.
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?
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. Fill out the Form Below to Access a COPY of the WhitePaper. Request a SONAR Demo.
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%. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
One year ago, we wrote a whitepaper in which we estimated that the top five paper and packaging companies in the U.S. We estimate that the largest paper company could save ~$23 million in freight spend pretax from a hypothetical reduction in freight spending of 1%. Request a SONAR Demo. Request a SONAR SCI Demo.
Download the WhitePaper. 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. Real-time visibility for asset location also enables shippers to make more informed decisions.
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. Download the WhitePaper. Request a SONAR Demo. Request a SONAR SCI Demo. Epilogue by Jason Vanover).
Download the WhitePaper. And as such, automated processes are an essential part of proactive supply chain management in 2021 and beyond. Request a FreightWaves SONAR demo , via the button below, to better navigate the freight market today. 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. Download the WhitePaper. 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. Request a SONAR Demo. Request a SONAR SCI Demo.
Download the WhitePaper. 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.
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. .
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.
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. In the interim, request a FreightWaves SONAR demo by clicking the button below. Request a SONAR Demo.
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. Request a SONAR Demo. Request a SONAR SCI Demo.
That’s especially true when considering the state of the economy and hopes for growth in 2021. Download the WhitePaper. Request a FreightWaves SONAR demo to get started. Request a SONAR Demo. Increased confidence and consumer spending will have the effect of boosting e-commerce.
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. Download the WhitePaper. Request a SONAR Demo.
An updated and modernized freight tech stack will make a recovery possible in 2021. Download the WhitePaper. 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.
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.
Download the WhitePaper. 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. Added benefits of freight tech to recruit truck drivers.
Download the WhitePaper. And as such, automated processes are an essential part of proactive supply chain management in 2021 and beyond. Request a FreightWaves SONAR demo , via the button below, to better navigate the freight market today. Request a SONAR Demo.
Download the WhitePaper. 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. . That’s been the dominant trend in 2020.
On February 16, 2021, final reported rates for reefer contracts were at $2.02. Download the WhitePaper. Request a SONAR SCI Lane Acuity demo to get started. . Request a SONAR SCI Demo. However, comparing that with past years’ data, shows a notable decline from $2.05 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. . Download the WhitePaper. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.
Download the WhitePaper. 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. Overcoming obstacles with smart data and freight load management.
Download the WhitePaper. 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. Managers need to contend with this challenge on a regular basis.
In our recent whitepaper , we discussed the growing importance of carrier utilization. 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.
Download the WhitePaper. Trucking RFP standards have grown to embrace many key analytics points for 2021 contracts. Request a FreightWaves SONAR demo by clicking the button below to get started. . Sometimes spot rates end up offering the best rates for contract loads.
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. But as efforts to recover continue, a strong focus on business intelligence can help ensure 2021 is a year of recovery and growth.
Download the WhitePaper. And while COVID-19 was the significant disruption of 2020, the disruption that will shape 2021 was the Suez Canal event. And your organization needs to embrace big data analytics and innovative technology today by requesting a SONAR demo. Request a SONAR Demo. Request a SONAR SCI Demo.
Download the WhitePaper. as of the close of business on March 1, 2021. While a slight difference from the more recent peak toward February’s ending, it is still significantly higher than any other value seen in February 2021 as a whole. Request a FreightWaves SONAR demo by clicking the button below.
Although LTL rates have been rising over the last couple of years, 81% of surveyed companies saw their LTL contract rates increase between 2021 and 2022. DOWNLOAD THE WHITEPAPER. Book a Demo. Here’s what we learned. LTL Rates Continue to Increase. More than 67% of those surveyed experienced LTL cost increases of 5-14%.
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. Download the WhitePaper.
The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. Download the WhitePaper. Request a FreightWaves SONAR demo by clicking the button below to get started. The simplest way to do this is to charge more money when they can.
Download the WhitePaper. And throughout the first quarter of 2021, the surcharges and uncertainty will be highest. Schedule a FreightWaves SONAR demo by clicking the link below today. Request a SONAR Demo. It accelerated e-commerce expansion, unlike anything in history.
Download the WhitePaper. And that’s a useful insight to have, especially as companies look toward higher demand and tighter capacity through much of the first quarter of 2021. In the interim, request a FreightWaves SONAR demo by clicking the link below. Request a SONAR Demo. And Brexit plays a role as well.
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