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With the havoc 2020 caused, can shipping trends get any worse? Preparation becomes the name of the game in shipping trends, and being ahead becomes the new normal. If a business wants to “thrive” in 2021 abnormalities, it’s essential to consider the top trends to expect through the year. Congratulations and welcome to 2021!
Short-haul volume growth shines a light on current trucking trends. Understanding freight trends from the beginning of the supply chain all the way through to delivery is important for all parties involved. The current trends in maritime shipping data suggest increased shipment delays and further inflationary pressures on rates.
Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. How to track trends developing in long-term pricing agreements. Request a SONAR Demo.
More Resources Home October 22, 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.
This week, learn how freight market participants are predicting shifts in the freight market that may occur with changes in retail sales trends using the SONAR index, Retail Sales with the ticker name of RESL. The RESL index is a monthly measurement of retail sales trends provided by the U.S.
As a result, data security and compliance have become a critical component of logistics operations, although implementing adequate controls can present numerous challenges in these complex networks. SOC is a voluntary audit of a service provider’s internal controls to ensure data security and shareholder confidence.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. During times of high freight market volatility in the supply chain, data-driven decisions and fact-based analytics must be seriously considered in order to mitigate unexpected occurrences to secure contract procurement.
Supply chain security is something that all supply chain managers should be closely monitoring. How Blockchain Can Boost Your Supply Chain Security. And because public blockchains are backed up by the whole Ethereum network, with the entire community required to verify every node, supply chain security is boosted.
Tracking market trends within truckload rates relies heavily on data and analysis. Enterprise shippers naturally want to secure the most cost-effective capacity for their freight loads. Data helps highlight key problem areas that need to be addressed and offer insight into what trends need to be taken advantage of within the market.
And the trucking trends will reflect both the hope for a return of normalcy and the reality of some new, permanent shifts in the industry. With that in mind, it’s important to realize that carriers can use the top 10 trucking trends to find a long-term value-prop coming out of the most in-demand periods for carriers in history.
Inability to secure profitable loads and orders. True transportation cost analysis goes well beyond benchmarking to analyze, monitor and forecast trends that can be used to the shipper’s advantage. A trend that continues among shippers nationwide is better monitoring and utilization of analysis within the supply chain.
FreightWaves SONAR is releasing new indices – Capacity Trend Market Scores and Capacity Trend Market Direction – to help shippers, carriers and brokers prioritize specific routes daily. Capacity Trend Market Scores Capacity Trend Market Scores are divided into two perspectives – shipper/broker and carrier.
Measure invoiced rates against market trends. The billed or invoiced rates should always reflect current market trends. Use insights to guide RFP and mini-bid activity to secure better rates during uncertainty. Request a SONAR demo online to get started. Request a SONAR Demo.
Watch the episode below: What makes SONAR’s Lane Scorecard app unique from bulk lane rate tools on the market is its proprietary SONAR lane scoring, SONAR predictive rates and its spark graphs that allow a user to more easily see past and forecast trends. Get a Demo of SONAR's Lane Scorecard. It has been recognized by Inc.,
Using digital freight matching platforms is the best strategy to secure meaningful and practical capacity. Making meaningful use of truckload shipping platforms helps fleets secure higher capacity trucks and trailers. Request a FreightWaves SONAR demo by clicking the button below to get started. 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.
And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR SCI Demo.
To secure loads and keep their trucks running full, compromises will remain essential within logistics strategies. Making the most of the tools and automation available will help managers maximize profits, reduce waste and secure more loads. Request a FreightWaves SONAR demo by clicking the button below to get started.
More Resources Home December 6, 2023 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.
As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. That’s been the dominant trend in 2020. Request a FreightWaves SONAR demo to get started. . And major companies have taken notice.
However, it is even more critical for global shippers that rely on port and ocean shipping lines to secure products. Increased insight into market conditions helps with freight spend management Freight market conditions and trends greatly affect all methods of shipping and transportation. Request a SONAR Demo.
More Resources Home April 16, 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. With Freightos Air Index prices from China to N.
More Resources Home November 28, 2023 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.
As a result, carriers found themselves at the heart of an in-demand crowd with finite capacity resources, facing a growing carrier trend for more and faster service. If a company’s staff can see what may occur based on current trends, they can better assign prices for loads. Request a SONAR Demo.
The use of logistics automation means making it easier than ever to adapt and adjust to changing market trends and consumer demands. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity. Request a SONAR Demo. from 2020 to 2027.”
Include data on industry trends, growth projections and customer demand. By following these steps, you’ll create a solid business plan that serves as both a blueprint for your company and a valuable tool for securing investment. This section should be an in-depth exploration of the delivery and transportation industry.
More Resources Home December 19, 2023 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.
Failure to use data and apply it accordingly within the fleet will lead to problems securing loads, offering competitive freight rates , and keeping drivers in trucks. And setting up benchmarks comparing internal trucking KPIs to external market trends can help managers keep tabs on the competition. Request a SONAR Demo.
In other words, it’s time to start thinking about looking at industry data trends to find new opportunities for improvement. And realize that your ability to secure such recognition depends on accepting responsibility for everything – even problems beyond your control – by becoming more flexible in transportation sourcing.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Even with the holiday, securing capacity is still extremely difficult as the dizzying high spot rates prove. Request a SONAR Demo. Request a SONAR SCI Demo.
As the risk of damage or an adverse event occurring increases, companies can recognize the need to either consider outsourcing work to another carrier, requiring additional proof of delivery, or taking other steps to secure freight. Schedule a SONAR demo online to learn more. Request a SONAR Demo. Download the White Paper.
National Carriers – These more extensive networks will help management secure capacity on trucks that can travel greater distances. Sometimes long-term freight contracts help secure capacity over the long-term, but they fall short during times of severe disruption. Request a SONAR Demo.
More Resources Home January 10, 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.
USA ticker show a trend toward significant increases going forward. And less-than-truckload offers a way to combine freight to take advantage of market dynamics and even initiate short-term mini-bids, avoiding higher rejection rate trouble, to secure capacity without the typical commitments inherent in full truckload contracts.
In addition, the national tender rejection indices continue to reveal the same trend. It also goes back to the need to secure more capacity due to the strong demand on carriers. Request a SONAR Demo. And shippers should view “until further notice” to mean ‘forever,’ at least for planning purposes.”
More Resources Home August 6, 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.
In every mode of transportation, 2022 has revealed a rate trend that continues to increase. Amidst a myriad of proposed solutions, one solution is gaining trend: the integration of chatbots. Freight forwarders can secure better capacity when they have established collaboration with carriers.
Protecting the technical side of the supply chain is as important as any other security measure. Monitoring fees, rates, and trends make it easier to plan for additions and budget accordingly, even during uncertain times in market economies. Contact RPA Labs today for a free demo to get started!
More Resources Home December 28, 2023 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.
The Logistics Managers Index (LMI) is an important barometer for understanding the trends and dynamics within the logistics industry. The LMI, therefore, not only serves as a snapshot of current conditions, but also offers predictive power for future trends in the logistics sector.
The Logistics Managers Index (LMI) is an important barometer for understanding the trends and dynamics within the logistics industry. The LMI, therefore, not only serves as a snapshot of current conditions, but also offers predictive power for future trends in the logistics sector.
If you were able to see current capacity trends, it would be much easier to understand if you were able to push the rate down or move on to another interested carrier to secure the best rate. Negotiating the rate based on the market rate may only get you so far when every dollar counts toward your margin or budget goals.
Identify ways to move company assets , if applicable, to secure a better profit margin. Brokers possess carrier-like qualities, identifying trends in shipper activity, and helping carriers get better profit margins by: Connecting with more shippers , including smaller shippers with a lower annual freight spend. . Request a SONAR Demo.
SONAR secured the title of “leader” in the company’s summer 2023 performance report. I love that SONAR shows more recent rates, allowing me to see trends as they begin and not after they have already happened. Other competitors’ products can be delayed as much as a month in showing trends.”
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