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Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. Adamo has been quoted in the Wall Street Journal and extensively in trade publications as a leading voice on freight market trends.
Ben Steffes and Joe Lynch discuss 3PL outsourcing trends. His primary goal has been leveraging Coyote’s proprietary technology, people, and capacity to solve pressing customer challenges. Ben is Vice President of Managed Services at Coyote Logistics , a leading global third-party logistics provider.
SONARs price, demand and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor and forecast the global physical economy. for-hire, over-the-road dry van trucking market, serving as a transparent benchmark for freight pricing and market trends.
Feels like 2022 For the majority of this year, volumes have seen their traditional seasonal patterns and have been trending above 2023 levels. Many have commented that market balance will be driven more by carrier attrition versus an event that spurs freight volumes. 2022 was a pretty good year from an industry standpoint. Figure 1.1
Logistics warehouses that prioritize flexibility, operational efficiency, and throughput will be able to secure long-term growth, meet client demands, and stay ahead of evolving industry trends. This approach protects the investment while enabling warehouses to adapt to shifting market trends and business models.
“Carriers will also need to stabilize their transportation networks in 2021 to make the most of existing capacity,” Cassidy writes, “but that stability seems farther away, not closer, as the number of US COVID-19 cases climbs rapidly.”. Ocean and Air Trends. Addressing the Challenges.
They can ingest large volumes of functional data and leverage advanced intelligence to recognize broad trends and specific disruptive events. Teams are constrained by their physical resources, like trucks, inventory, and labor capacities, as they seek to resolve a disruption. billion to $23.07
It’s not a secret that capacity remains tight and freight rates stay high. Yet, produce shippers that take the time to think about the situation and what they can do to push through will have a better chance at finding capacity and keeping costs manageable. Even before produce season began, freight rates were trending upward.
Making the most out of today’s challenging supply chain trends requires a deep understanding of the market and timely information that helps you achieve a competitive advantage. event of 2022, my colleagues, Christina Carroll, vice president of LTL, Alan Rowlett, director of global operations and strategy, and I set out to offer exactly that.
Notably, George is the former President of leading industry publication FreightWaves where he was responsible for all revenue and commercial efforts, including SaaS, media, and virtual & physical events. the podcast interview, George and Joe discuss 3 important trends that are impacting the logistics and transportation industry.
During a year when e-commerce sales skyrocketed, the global pandemic impacted supply chains around the globe, and transportation capacity contracted across most modes, while companies worked to get their logistics strategies realigned with this “new normal” operating environment. Playing the Waiting Game.
Together, they break down the latest shifts in rates, the current state of capacity, and how unexpected weather events , like the rare snowstorm in North Florida, are affecting shipments across the country. Adapting to Seasonal Demands : Tips on how shippers can stay flexible, especially with rising demand in regions like Florida.
Rather than abandon the idea of updating you on trends emerging in the industry in 2020 and likely to deliver changes in the next two or three years, I thought I’d go ahead with it, and add some insights into how the Coronavirus crisis is accelerating or reversing them. Air Freight Transportation Trends 2020.
With sky high rates, space and equipment issues and other unexpected events, we are about to close out 2021 which will go down in the history of shipping as one of the most chaotic, challenging, and troubling years ever. consumers and the other is the limited capacity to match it. In capacity terms, that translates to another 4.17
In fact, those events seem likely to produce some headwinds for air freight shippers in 2018 in locating available air capacity, especially during peak seasons. As in most industries, big data obtained in real time, from real events, combined with flexible management, is helping air carriers take a more […].
The resilience of your supply chain is determined by its structure and operations, whether we’re dealing with major immediate events like a pandemic or gradual systemic changes to your business environment over time. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary.
Editor's Note: Today's blog is from our friend Kevin Hill with Quality Scales Unlimited who shares his expertise regarding the key trends in supply chain and transportation management. . 6 Key Trends in Supply Chain. 6 Key Trends in Supply Chain. When an event occurs, the most important thing is to be able to bounce back.
How do you prepare your supply chain for events that you can’t forecast? So how do you prevent inventory stockouts when your demand forecasting didn’t allow for an event like COVID-19? Access a flexible supply chain network Emergency events require urgency -- there usually isn’t much lead time to prepare.
Coming off the worst year for air cargo demand since the International Air Transport Association (IATA) began tracking such trends in 1990, the commercial air freight industry is slowing beginning to emerge from the debacle that was 2020 and find its way in the “new normal” operating environment. in 2020 compared to 2019. Rates are Rising.
COULD WE LOSE CARRIER CAPACITY….WITHOUT WITHOUT LOSING ACTUAL CAPACITY? If we don’t have a decline in the number of operating authorities, or available trucks, then how could we lose capacity? So how could this impact capacity? Certainly, this question could cause one to scratch his head. As you can see in Figure 1.1,
While this example may still be a few years off, it is important that you understand how the top emerging trends in automation will shape supply chains and transportation processes in the coming years. Another trend in automation involves robotics. Additive Manufacturing –. Virtual Reality Comes to the Forefront.
More than a year into a freight capacity crisis that shows little sign of weakening, it’s time for all parties involved in logistics and freight transportation to meet this issue head on. Freight Capacity Crisis: How Did We Get Here So Quickly? The seeds for this current market were sown in the aftermath of the Great Recession.
For those who keep a close eye on freight market trends and have lived through past capacity shortages, the signals arrived early this year that the freight market would quickly tighten, and that rates would soon spike. Devastating hurricanes in Houston and Florida, and the ongoing recovery efforts that will tie up capacity.
More Resources Home May 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America and $3.60/kg
Integrating external factors like consumer price indexes, GDP trends, climate change, and others into the forecast can improve signaling for supply chain design. Supply chain design can help identify and flag such capacity and capability gaps. By identifying these gaps, you can create sourcing events to close them.
More Resources Home October 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
I love talking about these trends. It will be a vibrant event with lots of really good speakers. If you’re a freight broker, it’s about price and capacity discovery. Why don’t you give us a little summary? We’ve got FreightWaves Live in Chicago in November. We’re launching FreightWaves TV soon. What problem do you solve for me?
This move is not only significant for Prologis but also highlights broader trends shaping the warehousing industry in the UK and globally, particularly in light of current events and evolving market dynamics. Prologis’ investment in Park Royal reflects this broader industry trend.
Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. 2021 was the trough with in-person events severely limited. Some provide what I consider to be the best content.
It is anticipated that trend will continue when the Census Bureau releases 2Q21 inventory numbers in mid-May. Buying trends for the second quarter continue to take shape. As we monitor rejection rates of contracted freight, particularly by equipment type ( F igure 3.1 ), we see several trends evolve. And it has. Figure 2.1.
The COVID-19 pandemic accelerated already existing trends among customer expectations, it upset accurate forecasting in capacity, closed borders and redirected the flow of goods. Customer expectations have been trending towards same-day and next-day shipping under the Amazon Effect. The Need For Improved Customer Service.
However, even as retailers scramble to meet e-commerce consumer demands, and providers lean into the latest trends to get those packages to front doors, there is plenty going on behind the scenes. OneRail showcased its final-mile solution during a Monday demo session at FreightWaves’ Future of Supply Chain event. Can they be stopped?
Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact. Capacity constraints and transportation delays.
Capacity Constraints Continue to Arise. Capacity constraints continue to come under microscope as shippers look for a better understanding to the state of the market. Top causes of capacity constraints include: . Capacity constraints within truckload and parcel have led to spillover within the LTL market.?
However, the rapid shifts that companies are going through given the aforementioned trends, progressive companies are laying a robust data foundation and enabling a digital twin of the physical supply chain so they can conduct Design exercises on demand with increasing frequency. Wanted to share these thoughts here.
More Resources Home July 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
Overdrive specializes in trucking needs, offering the latest trends and statistics on the trucking industry, new technologies, regulations and more. The site highlights trucking concerns, such as the capacity shortage, the talent gap, and more. Trucks.com. More Than Shipping. Logistics Viewpoints. FreightWaves.
As we chug along into the first quarter of 2022, the trends we observed last year continue to play out. The impacts of these trends can be significant. Shipping Capacity is Tight. Capacity is stagnant. 3PLs (public warehousing) accounts for around 75% of the gross capacity. It’s everywhere. Integrated Systems.
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. The demand side of the market is an easier impact to understand.
This hasn’t been a two day event, it’s turning into a two week… plus… event. For shippers, this means capacity is tight and rates remain high… Check out what’s driving the rebound. Digitization trends are and will sweep the trucking industry by 2030. Now that the storms have cleared there’s a huge rebound in volume.
The platform will look at all the potential alternatives and the cost of those alternatives, and it will make a recommendation for a supply chain person to go in and look at the event. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. This is so much more than a control tower.
The disproportionate increase in freight volume compared to capacity availability inevitably sent freight prices skyrocketing across all major trade lanes, causing widespread anxiety amongst shippers. The congestion also has to do with a trend reversal in economic trade activity.
That last few years have been nothing short of eventful for the trucking industry. Now more than ever, you must ensure you have reliable processes in place, prepare and properly train your teams, and communicate to your customers and suppliers your current capacity and abilities. .
Robinson experts provided in-depth analysis of current supply and demand trends, our updated forecast, and the impact of global import volumes on North American freight transportation. How does the port congestion and increased port freight affect national trucking capacity? The capacity migrates to the opportunities.
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