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Weather events might also be factors. 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.
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.
During the event, Rishi Mehra, director of operations and strategy, and Kelly Williams, product manager, had just seven minutes to present a Rapid-Fire Demo of Engage Lane: an agile transportation procurement platform that streamlines the relationship between carriers and shippers and helps them uncover better ways to move freight.
These major weather events affect transportation markets in the days leading up to the event and following the events in different ways. Major weather events hamper transportation markets from both the demand and supply sides of the market. Request a SONAR Demo. Request a SONAR SCI Demo.
Enterprise shippers and freight shipping managers have to plan and prepare for many processes and events that have yet to occur. Shipping managers continue to struggle with capacity procurement during this time of industry-wide disruption . Request a FreightWaves SONAR demo today by clicking the button below to get started.
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.
As a result, transportation fleets must leverage truck utilization data daily as well as load percent capacity, driver wellness and other KPIs to monitor the efficiency and optimization of each unit. As seen with the recent weather turmoil, that can amount to recognizing when freight movements are likely to tighten capacity.
Ty Findley, managing partner of Ironspring Ventures, conducted a roundtable discussion titled The Next Chapter on Last Mile, with Penny Register-Shaw, chief strategy officer of The FRONTDoor Collective, and Bill Catania, founder and CEO of OneRail, on Tuesday during day two of FreightWaves’ Future of Supply Chain event in Rogers, Arkansas.
Thank you to everyone who came by to get a sneak peek into our newest solutions, as well those who attended our post-event Drayage, Dining & Drinks receptions! Tired of calling and emailing to find capacity? DrayMaster’s Capacity Calendar can show a trucker’s current capacity when a rate is returned.
With capacity already tight due to Red Sea diversions, rates last week climbed to $4,151/FEU to N. Europe, this demand increase while capacity is already scarce is pushing transpacific rates up sharply with West Coast prices up 33% from the April floor to $3,873/FEU last week and East Coast rates up 19% compared to April to $5,093/FEU.
CRITICAL EVENT CONDITIONS LIKELY TO CAUSE ROAD CLOSURES Analytic data insights also allow understanding of how critical events affect road conditions. After all, import activity is one of the leading indicators of added pressure on truckload logistics and sourcing capacity. Request a SONAR demo online today.
And part of that includes recognizing when existing contracts fall short and when to re-enter mini-bids, significantly as capacity tightens, says the Loadstar. Companies that can accurately predict market volatility trends, using indices with reefer data analytics , can ensure that they remain prepared in the event of replenishment issues.
Asia and Africa lanes, which may likewise indicate that more capacity is becoming available across networks as a result of easing conditions on the main trade lanes. But the biggest contributor to easing rates may be the early start to peak season for North America and Europe.
New import tariffs being introduced across the globe, extreme weather events, Brexit… The list goes on and on. Forward-thinking Supply Chain leaders can become more resilient if they try to anticipate future events, and have a contingency plan ready for when the event occurs. Let’s consider some examples.
As dry van capacity has somewhat started to recover, reefer capacity has become even more scarce as national reefer rejection rates once again hit an all-time high, topping 50% this past week. Somewhat surprisingly, this capacity crunch is located largely in areas that the storm did not directly affect, such as Southern California.
Alongside the ongoing, Iran-sponsored, attacks on Red Sea traffic, this event poses yet another potential challenge to the container industry. In air cargo, B2C e-commerce demand out of China continues to be the biggest driver of strong volumes, tighter capacity and upward pressure on rates to N.
Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. She leads the logistics for all Freightos and WebCargo events.
SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. . The higher the stability score, the more consistent the rate and capacity are on a given lane, resulting in a consistently high rate of tender acceptance.
New import tariffs being introduced across the globe, extreme weather events, Brexit… The list goes on and on. Forward-thinking Supply Chain leaders can become more resilient if they try to anticipate future events, and have a contingency plan ready for when the event occurs. Let’s consider some examples.
In the coming days, we expect demand metrics and spot rates to hit fresh highs and we also expect a spike in tender rejection rates as capacity tightens. Request a SONAR Demo. Request a SONAR SCI Demo. Meanwhile, tender rejection rates have climbed 200 basis points since the beginning of August.
While many brokerages struggle to find capacity for their current workload, now is a great time to begin expanding out your network to cover new lanes. The bare fact is that trucking capacity will continue to be very tight throughout 2022. Extreme Weather Extreme weather events have been , on the rise over the past 10-15 years.
Operators attribute some of this success to lessons learned during the pandemic – including increased warehouse capacity, better chassis management, and off-site container yards – which should allow them to handle a sudden volume surge reasonably well in the event of a strike.
New import tariffs being introduced across the globe, extreme weather events, Brexit… The list goes on and on. Forward-thinking Supply Chain leaders can become more resilient if they try to anticipate future events, and have a contingency plan ready for when the event occurs. Let’s consider some examples.
While on the call with that carrier, the rep collects information like the carrier’s capacity in given lanes, the types of loads they like to take, the rates they would generally charge for that specific load, or even just that they have a backhaul in Atlanta every Tuesday morning. Take that backhaul in Atlanta we just talked about.
When we see this index increase, the shipper is anticipating capacity issues. Leaders can take the OTLT index of a certain market and create a condition of that market’s OTLT percentage and value changes over a certain period of time (daily, weekly, monthly, and yearly) and receive automated emails of when that event arises.
As asset utilization increases closer to 100%, it represents less capacity within an organization and an opportunity to expand the business. Schedule a SONAR demo online to learn more. Request a SONAR Demo. Asset utilization The asset utilization of any supply chain company is a critical factor in decision-making.
Ocean freight is a major part of the modern shipping industry and plays a role in a large percentage of overall shipping capacity. And while COVID-19 was the significant disruption of 2020, the disruption that will shape 2021 was the Suez Canal event. Request a SONAR Demo. Request a SONAR SCI Demo.
After all, everyone is focused on keeping costs under control, maximizing use of assets and capacity, avoiding tender rejections and more. The d isruptions of the past year have proven yet again that disruption and black swan events can come from nowhere, and it’s that fact that drives market volatility. Request a SONAR Demo.
The Covid-19 uncertainty highlighted just how capacity-constrained the market is and how any regional disruption could set it off. However, because supply and demand can barely be predicted during this pandemic, shippers have been forced to rely on the spot market for flexibility and added capacity. Want a free BlueShip Demo?
During periods with those characteristics, shippers often struggle to secure capacity and it is often a good idea for shippers to make sure routing guides are in order and to extend lead times to help secure capacity. Request a SONAR Demo. Request a SONAR SCI Demo. Source: SONAR). Source: SONAR).
Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events. The amount they reorder is usually either a fixed amount or variable to meet a minimum or maximum stock capacity. Schedule a Demo. Know your star products!
” Watch a demo to see an AIMMS-based Inventory Optimization App in action. Production Planning & Scheduling : is the “management and allocation of resources, events and processes to manufacture goods based on finite capacity and with the usage of heuristic solvers for optimization.”
Additionally, there is an increase in general road toll tariffs, which varies according to the vehicle's weight capacity, number of axles, and emission class. To find how, request a demo today. Notably, zero emission vehicles are exempt from the truck toll until 2026. To find out more about New API parameter read release notes here.
This becomes especially challenging during peak seasons or promotional events when order volumes spike, adding to the logistical complexities. Locus for Retail: Smart Tech’s Role in Empowering Workforce and Streamlining Capacity 5. Schedule a demo with us!
” Watch a demo to see an AIMMS-based Inventory Optimization App in action. Production Planning & Scheduling : is the “management and allocation of resources, events and processes to manufacture goods based on finite capacity and with the usage of heuristic solvers for optimization.”
Moreover, the freight market’s worsening problems, including limited capacity, uncertainty over economic instability, growing demands of e-commerce, and other factors, will chip away at transportation brokers ’ profit margins. Remember to think about critical events. Click the button below to request a FreightWaves SONAR demo today.
Suppliers can use this new flexibility to integrate effects from enhanced capacity utilization or to optimize the routes of certain allocation scenarios in a price calculation. A single subsequent capacity restriction of a service provider can throw the complete results of an evaluation into question.
The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. This puts a large strain on the relationship between the buyers and sellers of capacity, meaning it is always tenuous. . Request a FreightWaves SONAR demo by clicking the button below to get started.
Black Swan Events. A black swan event is an unexpected event with severe consequences, like the Great Recession or the current COVID-19 pandemic. This category is sometimes lumped together with black swan events. You need to determine what your priorities will be in the event of a supply chain disruption.
Partners need to be empowered and have full visibility to shift suppliers, manufacturers or even global production locations based on uncontrollable events at a moment’s notice. Industry events, whether held online or in person, are also great opportunities to discover new partners and connect with new vendors outside your standard network.”.
Carrier Requirements: Carriers also have their own preferences and limitations regarding the load they can carry such as geographic coverage, equipment availability, capacity, specialized handling capabilities, and contractual obligations. This ensures efficient and safe transportation.
In fact, more air capacity is already lowering the pressures on shipping rates. Unfortunately, that is not a reality for responding to a major disruptive event. Get access to the latest freight data to enable disruption-proof supply chain management strategies by requesting a demo of FreightWaves SONAR today.
A series of unfortunate events. The latter was so severe that cargo ships had to run at half their usual capacity. Try a demo with Locus to achieve sustainability for your logistics. Schedule Demo. Both inbound and outbound delivery flows were affected.
It is a 30,000 kg capacity low free-standing platform with a dual-directional motor-driven pulling mechanism, on which a steel sheet rests. The Combi-PPT, which won the Safety Category of the FLTA Awards for Excellence 2019, is a high performance pedestrian operated powered pallet truck, with capacities from 3,000kg up to 16,000kg.
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