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Recent research across 50+ procurement professionals found them most concerned with the impact of external factors on operations, with rising costs ( 55% ), geopolitical disruptions ( 45% ) and capacity constraints ( 38% ) at the top concerns. Why Rate Refresh?
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Some observers anticipate that the strike will still lead to some capacity and equipment shortages at Asian origins in early November.
A risk to that outlook is the potential for the Asian energy crisis to disrupt manufacturing capacity The truckload peak season starts later than the other modes and the recent decline in demand (from a very high level) at the beginning of the fourth quarter is seasonally typical. Request a SONAR Demo. Request a SONAR SCI Demo.
In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. What does WRI say about capacity and shipping rates? What is the Weighted Rejection Index (WRI)?
To survive trends like these and to cut costs as much as possible without cutting quality or losing capacity, changes must occur. It is vital that shippers analyze freight capacity, how the market impacts shipping rates , and use supply chain technology and innovations. Request a SONAR Demo. Request a SONAR SCI Demo.
Demo in Network Design Navigator . Companies may not be able to adequately ramp up capacity and lose sales. Capacity shutdown in S&OP Navigator. Study 5: Refine Capacity Smoothing (click to view demo and more information) . Study 3: Identify Optimal Sourcing Locations . Ensure Resource Requirements .
The reasons for a carrier to reject the load tender are: 1) lack of trucking capacity; and 2) the rate is too low. A change in reefer trailer capacity can also help explain why capacity, in general, has changed, as those reefer trailers are not available for other types of freight. As load volumes increase, capacity tightens.
Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. It’s that simple, and a dynamic RFP guide helps companies leverage mini-bids to reduce capacity loss when market shifts occur unexpectedly. Request a SONAR demo online. .
Here are 10 shipper of choice tips to help enterprises secure capacity and improve relationships with carriers, not to mention transportation brokers. Get started by clicking the button below to request a FreightWaves SONAR demo today. Request a SONAR Demo. Focus on dock experiences for drivers.
That information then leads to improved rates, capacity, and several other benefits. Near-real-time data enables predictive modeling of rates, capacity, volumes and rejections. Real-time freight data allows for better predictive modeling of rates, capacity, volumes and tender rejections. Request a SONAR Demo.
Parade’s approach to capacity management is different from the rest in several ways. Parade is considered the top capacity management solution by most of the supply chain industry. What they don’t say in so many words is that that wider capacity network may come from access to the networks of other brokerages on the platform.
Capacity Management for Freight Agencies? This feature shines a light on Parade’s capacity management for freight agents. Here’s Why Many Capacity Management Tools Don’t Serve Freight Agencies Not too long ago, capacity management simply didn’t work for freight agencies that provide logistics solutions to their agents.
Heres What Can Happen in The Coming Months Manufacturing Slowdowns: Major production hubs may face labor shortages, potentially causing factories to operate below capacity. Chat with our experts and book your demo now. The post From HMPV to Resilience: Why Future-Ready Supply Chains Are Critical Now appeared first on Locus Blog.
One of the biggest benefits freight brokerages see from capacity management solutions is the ability to negotiate with their carriers for better rates on loads. In today’s , carrier-ruled market , where capacity is tight and rates are high, that’s more important than ever.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. With peak season now behind us, transpacific rates nonetheless continued to climb moderately from their October lows last week as carriers seek to keep vessels full by reducing capacity.
Asking the right questions can help make sure your capacity management solution helps you achieve your goals. Choosing the right capacity management vendor can be complicated. However, capacity management is a little more complicated than that. Your capacity management provider should offer you success on your terms.
Asking the right questions can help make sure your capacity management solution helps you achieve your goals. Choosing the right capacity management vendor can be complicated. However, capacity management is a little more complicated than that. Your capacity management provider should offer you success on your terms.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Some carriers have announced blanked sailings in response to the congestion, but may also be adjusting capacity to the lower, post-peak season volumes.
Parade’s new feature helps brokerages find carrier capacity in every quote, even the ones they don’t use. The New Parade Feature in a Nutshell The new feature focuses on showing customers not only capacity within their current network, but also other potential capacity our system has identified. There’s no shame in it.
Parade’s new feature helps brokerages find carrier capacity in every quote, even the ones they don’t use. The New Parade Feature in a Nutshell The new feature focuses on showing customers not only capacity within their current network, but also other potential capacity our system has identified. There’s no shame in it.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Asia-US East Coast prices(FBX03 Weekly) fell 8% to $6,107/FEU.
Read the Blog. Tired of calling and emailing to find capacity? DrayMaster’s Capacity Calendar can show a trucker’s current capacity when a rate is returned. Book a Demo to learn more. Request a demo to see how DM Maintenance can streamline your vehicle repair, inventory, and equipment management.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Diversions and disruptions leading to tight capacity on the overall network level help explain the elevated rates observed even on non-Suez Canal lanes.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Many were expecting rates on these lanes to have spiked, possibly to extreme highs, by now given the demand strength and strain on capacity seen even during the typical slow season this year. China – N.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. The degree to which December’s rate increases will stick though, will depend on the carriers’ ability to reduce capacity to current demand levels.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. The port is reactivating an out of use terminal to increase capacity and help get to the more than forty vessels currently waiting as many as seven days for a berth. America and Europe.
Elevated import volume, inventory replenishment and capacity constraints are likely to keep the truckload market tight, but it is hard to see a catalyst that will make it incrementally worse from a shippers’ perspective. Request a SONAR Demo. Request a SONAR SCI Demo. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.
Capacity constraints remain in place, although conditions have improved over the past year. Unfortunately, international intermodal volume is falling due to the many capacity constraints. Request a SONAR Demo. Request a SONAR SCI Demo. These declines are concentrated in the outbound L.A.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. With capacity already tight due to Red Sea diversions, rates last week climbed to $4,151/FEU to N. America and $3.60/kg Europe last week – has been the surge in B2C e-commerce shipment volumes.
Freight volumes continue the robust growth though relative capacity has started to tighten again, following a seasonal pattern. Further complicating matters for shippers, a COVID outbreak at one terminal at the Port of Ningbo, the world’s third-largest container port, has reduced its capacity to 80%. Request a SONAR Demo.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Carriers have been reducing capacity through blank sailings and other measures in response. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $2,362/FEU. But despite reducing scheduled Asia – N.
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. Request a SONAR Demo. Request a SONAR SCI Demo.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Most observers expect rates to remain well above normal levels while diversions continue, as carriers are facing higher costs and the longer routes soak up capacity. Still, current rates are around 2.5X
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. This decrease in pressure is likely partially due to major carriers and new, smaller entrants adding capacity to transpacific and Asia – Europe services as demand and spot rates surged in the last two months.
Faster processing applies to payment management, securing available freight capacity, load planning and more. To learn more about how you could benefit from adding blockchain to your organization, request a demo of our Track and Trace platform today! How Could You Benefit from adding Blockchain to Your Supply Chain?
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Peak season demand coinciding with Red Sea-driven capacity constraints and congestion has now pushed Asia – N. Europe and $7,900/FEU to the Mediterranean. days compared to more than a week in late May.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. The Port of Chittagong, Bangladesh’s major container hub, closed briefly and then operated below capacity for much of the week. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Today, shippers are demanding more availability, time and capacity, and truckers are struggling to meet these demands. With the capacity crunch, i.e., limited space for freight is available in trucks, still impacting shippers and carriers, freight rates are expected only to continue climbing. billion in 2015, reports TechCrunch.
Rates declined because capacity softened. SONAR’s predictive capacities showed that tender rejections and lower volume gave the signal for rates to begin to fall early in January. SONAR offers historical and current freight rate, demand and capacity index data across all modes. Request a SONAR Demo.
The free white paper, Peak Season Forecast: Another truckload capacity crunch , highlights SONAR data to show how we believe peak season will manifest. Request a SONAR Demo. Request a SONAR SCI Demo. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER. The post What is expected during peak season?
highlight a still-tight capacity environment for shippers. Request a SONAR Demo. Request a SONAR SCI Demo. Our data suggest that freight volume in the 4Q is likely to outperform 2020; accepted tender volume is up 7% y/y. Tender rejection rates have fallen some, but dry van and reefer tender rejection rates of 20.1%
The retail holiday season is when time sensitivity tends to ramp up, demand is at or near the highest level of the year, and capacity comes off the road for the holidays. For shippers and carriers alike, this translates into tighter capacity, higher rates and an urgent need for precision in delivery timing.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Some carriers are adding Asia – Europe sailings to address the current supply imbalance, and others – despite overall fleet growth – are chartering additional capacity to accommodate the longer routes.
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