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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?
Therefore, produce ready for shipping may be stalled due to a limited supply of equipment and trucks (hindering capacity procurement ), fewer drivers, and the pressure everywhere to move things faster, save money, and get it done without impacting the customer experience. But back to the overarching point.
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)?
Some observers anticipate that the strike will still lead to some capacity and equipment shortages at Asian origins in early November. At the same time, Red Sea diversions’ drain on capacity are still keeping these prices about triple their level a year ago.
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.
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.
Organizations consider VRS and last-mile technology for the additional benefits of instant access to greater fleet capacity , increased on-time delivery and improved customer experience. Schedule a OneRail demo to see how our platform tailors a solution for your specific supply chain workflow needs.
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.
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 .
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.
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.
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.
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.
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.
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.
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.
Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.
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 capacity situation remains difficult as one in five tenders is being rejected by carriers. Request a SONAR Demo. Request a SONAR SCI Demo. Truckload demand has started to pick up ahead of the Thanksgiving holiday. Tender volumes grew by almost 1% over the past week, while accepted volumes were basically flat.
The truckload market remains tight to start the year, both due to demand that is running ahead of year-ago levels and due to capacity that has been slow to return to the market following the holidays. Request a SONAR Demo. Request a SONAR SCI Demo. View the Full White Paper.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Lacking data promotes trouble in annual contract capacity procurement during times of volatility. Using analytics will save time and help avoid problems securing LTL freight rates and capacities by pointing out opportunities.
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.
The significance of this region’s having the most elevated rejection rates is simply that it is breaking a multiyear pattern of relatively loose capacity conditions and minimal volatility. While capacity remains abundant in the domestic freight market, the flow of freight is not balanced. To request a SONAR demo, click here.
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.
Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.
Judah Levine March 12, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 7% to $4,419/FEU. Asia-US East Coast prices(FBX03 Weekly) fell 8% to $6,107/FEU.
Plus, SONAR uses artificial intelligence to develop consistently updated forecasts to give subscribers the most reliable predictions of where trucking spot rates, supply chain demand and logistics capacity are headed over the next 12 months. Request a SONAR Demo.
Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.
Higher reliability and capacity. When capacity is ample among trucking carriers. Request a FreightWaves SONAR demo to see the IMCSI tickers in action, and request a FreightWaves SONAR SCI Lane Acuity demo to propel your full transportation procurement strategy to its greatest potential. . Request a SONAR Demo.
Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Managers spend a great deal of time looking for trucking capacity , including multi-modal options, to handle freight transportation needs. Download the White Paper.
A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way. Ensuring capacity to secure more drivers and their corresponding bids often comes down to understanding current transportation rate fluctuations and consumer demands. Request a SONAR Demo.
Shippers have been making it known that supply chain challenges stem from the difficulty securing capacity and that demand is as strong, if not stronger than it has been at any point during the COVID-19 pandemic. Even with some large ocean carriers pausing spot rates, that doesn’t mean capacity is going to be any easier to secure.
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.
Should these rate increases stick, the common driver supporting them would be the combination of increasing demand with the market’s overall capacity being fully employed due to Red Sea diversions – with Houthi attacks continuing this week – even as the global fleet continues to grow on new vessel deliveries.
Some carriers have announced blanked sailings in response to the congestion, but may also be adjusting capacity to the lower, post-peak season volumes. As long as Red Sea diversions continue to absorb capacity on an industry level, prices may not fall much further than seen back in April.
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