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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.
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.
The Council of Supply Chain Management Professionals (CSCMP) has released its Annual State of Logistics Report for 2021. This report is an overview of the state of the supply chain industry and its future direction. Download the whitepaper by completing the form on the right.
The freight transportation industry has always been slow to adopt new advances in tools, software and automation. However, 2020 helped shed light on just how behind the industry is compared to others. Maximizing asset utilization will remain key in 2021. Industry expert guidance as a best practice. Request a SONAR Demo.
Bob Elkins serves Ruan as Senior Vice President, Industry Vertical Operations. Bob has almost 30 years of experience in the transportation industry, including global account management, operations leadership and commercial services. WhitePaper – Five Lingering Headaches to Address for Healthier Supply Chain in 2021.
One year ago, we wrote a whitepaper in which we 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.
Contract rates account for a considerable percentage of trucking industry loads. Spot rates make up a minor part of the industry. Download the WhitePaper. The astounding growth of e-commerce has created a significant strain on the industry, and even with ample drivers, capacity is a finite resource.
In our recent GlobalTranz 2022 Logistics and Supply Chain Trends and Outlook whitepaper, our experts review some of the factors that will shape logistics in the coming year and beyond. LTL Industry Macro Trends. Three Factors Shaping the LTL Industry. WhitePaper: 2022 Logistics and Supply Chain Trends and Outlook.
The American Trucking Association is the largest trade association representing the trucking industry in the U.S. of all tonnage is transported via trucking which means understanding the Truck Tonnage Index provides insight into the largest segment of the transportation industry. The tonnage index for July 2021 was 109.8,
Few areas of the economy carry more confusion or misconception than the for-hire trucking industry. The for-hire industry comprises independent contractors, owner-operators, small brokerages, subregional carriers and more. The first of the for-hire trucking trends to drive decisions in 2021 is simple— capacity.
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.
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. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo. Request a SONAR SCI Demo.
If you’ve been in the transportation and logistics industry as long as I have, you know there are always ebbs and flows to supply and demand. Right now, analysts* forecast truckload volume to increase 8% to 12% in 2021.
As the industry settles following the biggest peak season in history, now is the time when shippers will start rethinking their annual contracts. 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.
Less-than-truckload shipping, also known as LTL shipping, is nothing new within the transportation and shipping industry, but it has become more of a game-changer in recent years with freight rate prediction. Download the WhitePaper. LTL shipping rates would historically depend on freight class and the cost per hundredweight .
There are many benefits to be gained from working with more than one of the trucking carriers that offer service in a given industry or shipping lane. Download the WhitePaper. Partner with trucking carriers to meet 2021 fully prepared . The value of diverse trucking carriers.
While the industry moves toward more cohesive programs to track performance, including profitability per load, the need to boost benchmarking through freight KPIs is absolute. That’s especially true when considering the state of the economy and hopes for growth in 2021. Download the WhitePaper.
It is considerably more important to find talent quickly to fill the ever-growing needs of the freight and shipping industry. The industry is growing and will only continue to suffer from finite trucking capacity. Driver retention is a growing issue as the industry expands. Download the WhitePaper.
Trucking carriers and freight managers have much to keep up with in the shipper and trucking industry. This becomes especially true today during recovery and continued disruptions and deviations in the freight market — two of the industry’s primary goals being a full recovery and adjustment. 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.
Because global e-commerce retail sales are expected to exceed 6 trillion dollars by 2021 every business wants to be a leader in their own niches. Online stores have played a great role in developing the entire industry. This proposes the question of what will be a trend in this industry in the future. Download Here.
Today, freight load management is a major trouble area for carriers and logistics managers within the shipping industry. And the overall industry trucking trends imply an absolute need to grow more strategically. For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption.
Enterprise shippers have always been an integral part of the maritime shipping industry and its partnership with truck fleet management. New blood helps keep the maritime shipping industry-relevant and moving forward. Download the WhitePaper. Photo: Jim Allen/FreightWaves. Challenge 2: New environmental regulations.
In fact, the trend was so significant that the next Automate show, due to be held in Detroit in 2021, is expected to be dominated by a new generation of mobile robots. Generally speaking, the AGV base and the industrial robot running on it use the same battery.
Download the WhitePaper. Trucking RFP standards have grown to embrace many key analytics points for 2021 contracts. ” This means knowing how a carrier or shipper approaches freight pricing. Sometimes spot rates end up offering the best rates for contract loads. Of course, it all depends on the ability to stay strategic.
The freight brokerage industry has traditionally focused its attention on the training and development of its customer sales staff. In our recent whitepaper , we discussed the growing importance of carrier utilization. This will be key in 2021. Photo: Jim Allen/FreightWaves at Edge Logistics.
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.
During times of disruption and recovery, as seen now in the transportation industry, keeping up with the changing pace is essential. On February 16, 2021, final reported rates for reefer contracts were at $2.02. Download the WhitePaper. However, comparing that with past years’ data, shows a notable decline from $2.05
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. Data can further increase shippers’ appeal to new carriers and fleet members within the industry too. Think about it.
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. For high levels of immunisation, around 10 billion vaccine doses are required globally by end of 2021.
Here are the top five ways in which Artificial Intelligence is transforming the logistics industry as we know it: 1) Predictive Capabilities Skyrocket When AI in Logistics is Implemented The capabilities of AI are seriously ramping up company efficiencies in the areas of predictive demand and network planning. billion by the end of 2021.
Companies like WholeFoods and Amazon are changing up their logistics goals in a big way, something that is likely to ripple through other similar industries. billion to develop an air hub in Kentucky that’s slated to open in 2021 and will be home to fifty aircraft. Amazon Tips its Hand to Logistics. It’s also investing $1.5
Ocean freight is a major part of the modern shipping industry and plays a role in a large percentage of overall shipping capacity. Download the WhitePaper. And while COVID-19 was the significant disruption of 2020, the disruption that will shape 2021 was the Suez Canal event.
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.
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. FreightWaves scientific rates are predicting a return to a slow downward trend after the impacts of the past month’s winter storms recede.
Our clients tell us of a serious market failure, yet, extraordinarily, in the government’s recent WhitePaper on planning, there was not a single reference to the land and space needs of supply chain and logistics industries. Even before the pandemic, the UK was significantly ‘under-warehoused’.
Yet, truck industry analyses and insight into existing conditions can help safeguard against uncertainty. Therefore, the pressures placed on last mile delivery may have a compounding effect, forcing truck industry participants to grapple with inefficiencies and grow more strategic. Download the WhitePaper.
The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? Let’s consider these top factors affecting the trucking market, their implications on supply chains and how they are driving change within the industry. . That’s an astonishing $933.30
Trompeter graduated from Michigan State University with a degree in Supply Chain Management and began his logistics career working for a small 3PL concentrating in the automotive industry. BlueGrace is based in Tampa, FL, where CEO Bobby Harris was named one of Florida’s most influential executives in transportation for 2021.
For 2021, expect the Less Than Truckload (LTL) freight market to remain volatile due to the impact of COVID-19. Many LTL industry trends, such as capacity constraints , rising rates, and changing consumer buying patterns, will continue through 2021. Let’s look at top LTL industry trends for 2021.
In a whitepaper on “ How reinventing the supply chain can transform the planner role ,” consulting firm EY cites their research that lack of the right supply chain talent is the second highest challenge to meeting supply chain goals. It’s graduation season, so the hunt for critical supply chain talent is more vigorous than ever.
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.
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. Now, that report is nearly two months old.
The vital role that temperature-controlled packaging plays in transporting pharmaceuticals around the world has been highlighted in a new whitepaper from Tower Cold Chain , with the aim of helping stakeholders find the right solution for their needs. CLICK HERE to download the whitepaper.
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