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Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Many have commented that market balance will be driven more by carrier attrition versus an event that spurs freight volumes. Figure 1.1
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Based on those projections, we expect freight volumes to climb by four to five percent in the coming year. What to Expect in the Short-Term Well, so much for a recession.
Rethinking the Freight RFP Process. Once a year, shippers and carriers begin the arduous freight RFP process, when shippers send out request for pricing (or proposal) for contract rates to their list of trucking companies. It is why many companies are rethinking the freight RFP process.
Could This Secret Increase Your Freight Agency’s Success? Has your Freight Agency been with your current freight brokerage for a while? Or did you start as a Freight Agent without a book of business and join the first brokerage that would accept you? How Many Freight Agencies Partner with Trinity?
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freight procurement closely. There is a driver shortage.
In this article, we take a closer look at the trends we observed in Q4 and explain why now is the perfect time to strengthen partnerships with your bulk freight partners. While these factors contribute to a stable operating environment, they also bring challenges and uncertainties as we look ahead to Q1 of 2025.
JW Surety Bonds is the largest writer of the BMC-84 Freight Broker Surety bonds and the largest privately owned surety agency in the country with over 70+ employees and 50,000 customers nationwide. Read our detailed article to determine whether you should get a BMC-84 or BMC-85. Freight Broker E-book Guides. About JD Weisbrot.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
Joe is Founder and CEO of The Logistics of Logistics , a media property that provides valuable insights from logistics and supply chain leaders on various topics related to the industry, such as innovation, technology, trends, and the future of freight.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Tiny Shifts, but Big Waves As the threat of the T word continues, the freight market continues to see the pull forward of goods entering the U.S.
Throughout the year, the Bulk Logistics Blog keeps readers informed of key topics and challenges within the world of bulk freight shipping. The following articles are the ones that readers connected with most in 2022.
About Transport Topics Since 1935, Transport Topics has been the news leader in trucking and freight transportation. Below are some highlights from Seth’s article, 2023 Top 100 Logistics List Highlights Growth for 3PLs. Spot freight demand has softened, and truck capacity has loosened since the frenetic days of the 2021 freight boom.
He began his career in transportation with ABF Freight in 1991 as a Pricing Analyst, progressing through several positions including Director – Rating & Traffic Services. He is a two-time winner of ABF Freight’s President’s Club. He is a two-time winner of ABF Freight’s President’s Club.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. FREIGHT VOLUMES ARE ACTUALLY UP It seems much of the news clippings have been around freight rates and how they remain suppressed. per mile less than contracted rates.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Key Indicators to Watch in 2025 Normally we look at over-the-road or port volumes, what carrier rejections look like, and how that is impacting freight rates.
You can Google any number of articles to find some tips and tricks to ensure you are reliable, but to keep it simple you can head back to your writing class! Is this article relevant to what you need? Why was the article written? As a Trinity Freight Agent, you’ll receive our Daily News Update email every day.
You didnt expect freight to take this much time. Thats when most businesses realize the value of a freight broker. But heres the hard truth: not all freight broker services are created equal. What Is a Freight Broker, Really? Why Use a Freight Broker? Anyone can say theyre a great freight broker.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Another rise we’re keeping an eye on is the Outbound Tender Rejection Index, the rate at which carriers are saying “no” to freight where they have paper rates with a shipper.
Will freight brokerage pricing evolve toward a discounted, transparent fee model like stock brokerage pricing? Could the Discount Pricing Model Work in Freight Brokerage? The stock brokerage business and the freight brokerage business are clearly different, but they also have enough characteristics in common, that we can compare them.
Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics. One hundred percent of our customers are in trucking and logistics including ~10,000 motor carriers and ~800 freight brokers. During his tenure, they went from $500M to $3B in sales. The Greenscreens.ai
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. A LOOK AT THE PAST AND FUTURE OF THE FREIGHT MARKET The Outbound Tender Volume Index (OTVI) measures the volume of contracted freight in the U.S. Figure 2.1:
Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiate freight rates a bit better. The post 9 of the Most Useful Tips on How to Negotiate Freight Rates appeared first on Transportation Management Company | Cerasis.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. One may ask, “Well, why would rates elevate when the LTL industry was operating at less than capacity and nothing has caused an influx of new LTL freight?” Figure 1.2
Nick is the Co-founder of Kinetic , a company that helps freight tech companies increase sales, generate more effective marketing and drive long-term adoption of their product. Nick Dangles is the Co-founder of Kinetic , a company that helps freight tech companies get their products to market faster and with better adoption.
The days leading up to Hurricane Milton saw Florida-bound freight diverted elsewhere, with food and beverage and produce customers being the most prominent to send their freight to alternate destinations. If issues persist longer than a week, other parts of the retailer’s network will absorb that freight.”
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. First, local freight that is destined for ocean travel will now need to find another port of departure, likely destinations the ports of NJ/NY; Philadelphia; and Norfolk, VA.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Freight Volumes Stagnant As the U.S. Capacity Declining To further illustrate the impact of freight volumes on capacity, Figure 1.2
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. And while you can’t tell if a van is loaded or not, every single flatbed had freight on it. So, ladies and gentlemen, freight is still moving in this country.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Rejection rates continue to inch towards 2022 levels, but a five-to-six rejection rate is about half of what one would see in a balanced freight market.
Charley is currently working on a number of freight-related projects including a stealth startup focusing on automating global trade and acquiring logistics business. The podcast interview was based on an article Charley recently wrote called: Top Trends in Supply Chain Technology for 2021. Trend number 4 – Freight FinTech.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. container costs from Asia to Los Angeles are over $1700 cheaper than freight bound for an East Coast port, such as New York. COULD WE LOSE CARRIER CAPACITY….WITHOUT
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. LIKE TRACKING A HURRICANE I’m sure we’ve all felt like we were in a bad storm over the past few years when it comes to the freight market, and particularly, shipping rates.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. WILL 2024 BE A FREIGHT REBOUND YEAR? I certainly do not expect that we will return to freight volumes like we saw in 2021, and part of 2022.
If you are new to buying road freight or to negotiating road freight rates, this will really help you. Related articles on this topic have appeared throughout our website, check them out: Why Containerised Freight Shipping is Daunting for SMEs. The Challenge of Freight Container Utilisation and Why it Matters.
Trent Morris has helped many of our clients over the last 2-3 years with their Ocean Freight challenges. Ocean Freight Tips. Freight-related articles have appeared throughout our website, check them out: Freight Benchmarking: What Is It? Why Containerised Freight Shipping is Daunting for SMEs.
It’s not actually about the freight “rate” Sometimes in trying to reduce freight costs, people focus on the wrong things. Understanding freight rates requires you to also look at rate structures and consignment profiles. Because your freight carrier does!
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. As we all know, the freight market is cyclical. Why are the rates not cheaper if freight volumes are less than what we saw a few years ago? Will it happen tomorrow?
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Many of us in the business relate to freight as “money”.
The results include improved on-time and in-full customer service, fuller loads, higher use of preferred freight carriers, and lower costs. Together, LevelLoad and AutoO2 drive customer service and long-term transportation planning objectives despite the realities of supply chain network constraints.
Gain insights into the latest trends in ocean freight from an international logistics perspective and discover how the industry is evolving in terms of global shipping operations. 12 Smart Ways to Reduce Your Freight Costs We welcomed back our popular guest – Trent Morris to give us an International Logistics Updates for 2023!
In this article, well outline some of the best practices for both USA-Canada and Canada-USA imports, to help you navigate the LTL import process and provide you with a seamless shipping experience. Our all-encompassing freight shipping guide goes into much more detail about it. Ready to ship? Happy shipping!
Even we have discussed the challenges logistics providers must overcome in recent articles like “ The State of U.S. Amidst all of these stories of shortages and bottlenecks, we thought it would be helpful to explain the basics of shipping ocean freight. What is Ocean Freight? What is Ocean Freight? Rail and Ports.”.
Have you ever wondered what the future of international logistics and ocean freight will be? Get ready to navigate the seas of transformation in the world of ocean freight and logistics with Trent Morris! If you are someone who works in this field, it’s a must to stay informed of the new updates and trends.
Understanding freight or trucking rates is vital in your supply chain. Because we still see many companies suffer the consequences of using the wrong freight rate. Related articles on this topic have appeared throughout our website, check them out: Freight Benchmarking: What Is It?
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