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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. The post [WHITEPAPER] SONAR highlight reel: Carriers bring their pricing power into the new year appeared first on SONAR. Request a SONAR Demo.
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. Download the whitepaper by completing the form on the right. Download the whitepaper by completing the form on the right. We have summarized the CSCMP report with our key takeaways.
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. Visualization capabilities.
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. The post [WHITEPAPER] Housing affordability issues put brakes on flatbed demand appeared first on SONAR.
WhitePaper – Five Lingering Headaches to Address for Healthier Supply Chain in 2021. The advantages of dedicated contract carriage include: improved on-time performance and service along with reduced cost and hassle. Learn More: The Basics of Dedicated Contract Carriage. Bob Elkins. Ruan – Red Magazine.
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. 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. Tough decisions regarding asset location can fade away with increased visibility for asset-based trucking.
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. The post [Chart of the Week] Will intermodal freight cost advantage be enough to grow beyond 2021 appeared first on SONAR.
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.
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. .
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.
The tonnage index for July 2021 was 109.8, The most recent report in July 2021, shows a slight decrease in tonnage of 1.2% This has been a consistent downward trend since April of 2021 where the index was 114.7. which marked the first year-over-year drop since March 2021. What Do the Numbers Mean?
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.
Right now, analysts* forecast truckload volume to increase 8% to 12% in 2021. The supply growth of Class-8 tractors is expected to expand only ~1% in the first half of 2021 and ~5% in the second half, for a net increase of ~3.4%. It’s clear that demand is outstripping supply—and has been since early 2020.
Download the WhitePaper. Partner with trucking carriers to meet 2021 fully prepared . Therefore, they are the ones with direct influence on how freight gets handled and shipped. Forming a close relationship of trust and support with carrier providers can help both parties weather the low points and maximize profitability.
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. How to track trends developing in long-term pricing agreements.
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. Unfortunately, the trials of 2020 taught supply chain leaders that planning on the typical expectations will not always work.
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. The outlook for 2022 features more of the same challenges as 2021, from capacity and labor shortages to rising rates and fuel costs.
While we’re happy to leave 2021 in the rearview mirror, many of the same trends will impact the truckload market in 2022. In our whitepaper, 2022 Logistics and Supply Chain Trends and Outlook , we cover many of the lingering effects of the past two years, and the newest challenges truckload shippers can expect to face in the year ahead.
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. Improve end-to-end visibility to reduce idle time and wasted resources.
That’s especially true when considering the state of the economy and hopes for growth in 2021. Download the WhitePaper. 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. The sudden surges of 2020 are not one-off scenarios.
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. 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. Market insights empower freight management segments for RFP processes.
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. Added benefits of freight tech to recruit truck drivers. Do not be one of those carriers that cannot fulfill the needs of the company or your drivers. Request a SONAR Demo.
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. Download the WhitePaper. Falasca and Taylor explain the value of real-time data as market conditions have changed since the holidays.
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. Get Your Free WhitePaper Today. The e-commerce is changing and presenting online retailers with new and innovative ways of trading online. Download Here.
Download the WhitePaper. Trucking RFP standards have grown to embrace many key analytics points for 2021 contracts. Sometimes spot rates end up offering the best rates for contract loads. And for shippers, that means keeping costs under control and minimizing the rates.
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.
On February 16, 2021, final reported rates for reefer contracts were at $2.02. Download the WhitePaper. According to Supply Chain Digital , “although new, AI-driven concepts are being introduced, they aren’t new to the logistics sector. However, comparing that with past years’ data, shows a notable decline from $2.05
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. And the only way to see these costs is to get real-time freight data across the full carrier transportation network.
Download the WhitePaper. Since the beginning of 2021, maritime shipping lines will need to refocus on safety compliance. However, it has no immunity to rising costs and fees, changes in taxes, mobile data expenses, and penalties. 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. That’s why the only way to figure out a real commission plan rests with knowledgeable sales. In a recession market, there is pressure to operate efficiently and maximizing asset utilization. .
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.
By LM Staff · December 7, 2020 In the face of growing e-commerce activity and an uncertain economy, shippers are turning to advanced technology to… The post Report: Top ways freight technology will cut costs in 2021 appeared first on 24/7 Customs Broker News.
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.
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. Here’s what we learned. LTL Rates Continue to Increase. More than 67% of those surveyed experienced LTL cost increases of 5-14%. Book a 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. For example, the above image shows an OTRI of 26.83
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 since intermodal is among the clear winners in supply chain carbon awareness, it stands to reason that any strategy for managing the ripples should look beyond a single mode.
billion by the end of 2021. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. Tractica Research estimates that the worldwide sales of warehousing and logistics robots will reach $22.4 The Top Logistics Trends that Will Impact Logistics Management in 2018?.
billion to develop an air hub in Kentucky that’s slated to open in 2021 and will be home to fifty aircraft. Download our WhitePaper about the subject and learn how you can establish processes and systems that are in line with supermarkets and retailers’ requirements, such as On-Time and In-Full (OTIF) or Must Arrive By Date (MABD).
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. Michele Windsor has worked in the battery industry for nearly a decade and has produced countless whitepapers and guidance documents on the subject.
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.
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