Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Lower shipping rates – 10 Steps
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
FreightWaves founder and CEO Craig Fuller provides insight into the state of trucking contract rates.
Contract and spot rates continue their downward trend despite volume levels and rejection rates flattening out…
Inside this edition: Preventing daily fires … the pessimistic outlook on carrier retention … The newest fixer-upper.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
With the goal of becoming more competitive and efficient in today’s evolving truck transportation market, shippers are looking for large carriers for partnership from beginning to end.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Even in a loose market, technological solutions aimed at optimizing freight movements remain useful.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
In the nine days since July began, OTRI fell 141 basis points (bps) to its lowest level in over two years: 6.7%. In the three days following that bottom, OTRI clawed back 50 bps. At present, however, it seems as though any upward momentum upon which it could have built has been lost.
FarEye is rolling out the Last Mile Mandate this month, an effort to provide guidance to retailers seeking to succeed in the last mile.
Volume levels are depressed this week by Monday’s holiday. The national average rate of tender rejections sunk below 7% late in the week, but linehaul spot rates…
Today, many in the trucking and logistics industry are looking to improve reliability, reduce costs, and decrease their carbon footprint to deliver against rising customer expectations.
Volume levels have made a final push before the second quarter ends. The national rejection rate has recovered from its earlier dip below 8%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 8%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Rising fuel costs have affected every link in the supply chain across all modes of transportation.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Shippers have a hard time removing early-termination provisions from their contracts.
Each year, MTS Logistics sponsors the biggest bike event in the shipping industry to raise funds for Spectrum Works, a nonprofit workforce training program that provides job training and employment opportunities for young adults with autism.
The supply chain challenges we are all hearing about today likely bear little resemblance to those we envisioned at the beginning of 2020. The COVID-19 pandemic caused chaos across every […]
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Primo is looking to change logistics industry norms by partnering with companies in the industry to teach them how to provide new services to their customers.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
The way that transportation has been traditionally bought and sold has left shippers and transportation providers siloed and connected only to those partners within their existing network.
FreightWaves founder and CEO Craig Fuller analyzes truckload contract rates and where they may be headed.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Volume levels have restarted the decline after recovering after Easter Weekend. The national rejection rate has fallen below 9%…
Data insights play a large role in company planning and responsiveness across all levels of the supply chain.
Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…
Spot rates continue the rapid descent as truckload capacity continues to loosen rapidly. At the same time, accepted tender volumes turn…
Tender rejection rates are rapidly headed toward single digits, causing spot rates to resemble a black diamond slope rather than the bunny…
With record inventories building and bottlenecks easing is deflation next?
Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…
Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…
In the market today, more and more companies in freight are turning to brokerage companies for help.
Both tender volumes and tender rejection rates take a breather over the past week. It’s too early to be called a trend but definitely…
Both tender volumes and tender rejection rates take a breather over the past week. It’s too early to be called a trend but definitely…
Consumers are becoming more aware of both the urgency of climate change and the complexities of the supply chain. Companies should be prepared for consumers to start calculating supply chain sustainability into their purchasing decisions.
Both tender volumes and tender rejection rates take a breather over the past week. It’s too early to be called a trend but definitely…
Understanding the difference between routed and scheduled deliveries is a key to last-mile delivery success.
The 2022 3PL Summit will highlight the best technology and practices to guide you to success this year. Hear discussions on multi-modal optimization, customer relations, sales insights, market insights, pricing strategies and much more.
Tender volumes recover most of last week’s decline while rejection rates continue their slow downward trend despite contract rate increases…
Nominate industry-leading shippers for FreightWaves’ annual Shipper of Choice award before Saturday, April 2.
“There’s no other solution out there that has done this,” said Parade CEO and co-founder Anthony Sutardja. “We have really led the way in defining digital bidding and digital booking across our partner capacity networks.”
Tender volumes take a February nap, sliding 4% over the past week while rejection rates were flat despite weather affecting certain markets..
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Nominate industry-leading shippers for FreightWaves’ annual Shipper of Choice award before Saturday, April 2.
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Shippers are buoyed by the promise of falling rates in the coming months, but this optimistic outlook may put even more strain on rate negotiations in the meantime.
Tender volumes continue to outperform year-ago levels. Rejection rates are continuing to rise in a unseasonable pattern placing pressure…
Rates reach new highs as capacity was slow to return to the road following the holidays. Tender volumes are soaring as demand is unrelenting…
Truckload volumes are beginning to erase holiday noise associated with Christmas and New Year’s. Rejection rates are staying elevated…
After a year of record revenue, carriers are staying of the road during the holiday weeks, holding rejection rates higher for longer…
Rejection rates are now back above 22%, the highest level since early September. Pricing power moved further to carriers despite the holiday related tender volume collapse.
Rejection rates have surged past the 21% level on the national level. Meanwhile, volumes have turned positive year-over-year. The combination of tightening capacity and stronger demand is placing upward pressure on rates.
B2B e-commerce is exploding, but payments processes are not keeping up, turning what should be a seamless experience into a frustrating process for many.
Volumes turn downward heading into the Christmas week while rejection rates have rebound back above 20%. Carriers still maintain a firm grip on pricing power in the market.
Volume levels are following a similar trend to 2019, just 40% higher. Tender rejection rates are trending sideways, likely to move higher over the next week.
Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.
Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.
Digital RFPs allow shippers to award bids faster and perform far less manual labor, bolstering their bottom lines and allowing them to repeat the RFP process more often.
We are expecting seasonal slowdowns and a lower sense of shipper urgency following the holidays to allow easing rate pressures, however, capacity constraints are expected to remain in place.
The Friend of the Sea program calls on the international maritime sector to act immediately to prevent ship-whale collisions.
Tender volumes have started to erase the Thanksgiving noise. At the same time, rejection rates have plateaued around the 20% mark.
Thanksgiving noise continues to mask freight volumes, but that noise will be erased in the upcoming days. Meanwhile, Thanksgiving drove spot rates higher over the past week.
Retail inventories jump ahead of the holiday buying season but the need for restocking will extend well into 2022, which bodes well for freight demand.
Echo Global Logistics’ Jay Gustafson describes the best formula for managing transportation needs.
Thanksgiving always leads to a sharp decline in tender volumes. Leading into Thanksgiving freight markets experienced an uptick in accepted volumes.
Shippers utilizing last-mile delivery providers face some level of risk due to claims, but some simple steps can help mitigate it.
Spot rates didn’t experience the uptick that rejection rates did last week. Thanksgiving is impacting both freight volumes and capacity.
Rejection rates have accelerated over the past week as drivers start to come off the road for the holiday.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels. Tightness in Southern California will put upward pressure on rates.
The Gartner research VP will also share his views on data, AI and sustainability.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels. Tightness in Southern California will put upward pressure on rates.
Since July 2020, the Outbound Tender Rejection Index has sat above the 20% mark, meaning nearly one in five loads that shippers tendered were rejected by carriers for higher-paying loads […]
Tender volumes rebound as tender rejection rates jump back over 20%. Meanwhile, spot rates break the three-week downward decline.
Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.
When shippers are using several cobbled-together solutions with hit-or-miss integrations, they miss out on opportunities to optimize their business practices and workflows.
Many of the conversations surrounding peak season headwinds center around shippers, but carriers are also faced with challenges during this time.
During a year characterized by historically tight capacity, shippers should enter peak season prepared for even harsher conditions.
Learn how technology & analytics can help you more proactively adjust to supply chain shifts at mybluegrace.com
Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.
Freight volumes in the largest markets are starting to accelarting, signaling the start of the peak truckload season.
Cloud supply chain provider Stord is opening its fourth warehouse and second in Nevada: a 177,000-square-foot facility in Las Vegas to serve customers’ fulfillment needs.
Freight volumes in Southern California are starting to ramp, signaling the start of the peak truckload season.
Elevated accepted tender volumes and rates signal that carriers are maintaining pricing power. Truckload capacity constraints are easing as contract rates climb.
Experts expect demand to continue to outpace supply through at least the first quarter of 2022.
Strong freight volumes signal that carriers are firmly in the driver seat with regards to pricing power.
The platform, now known as WIN, by Centerboard, provides shippers affordable access to priority transportation management features for efficient outcomes.
Strong freight volumes signal that carriers are firmly in the driver seat with regards to pricing power.
Learn how technology and automation can help maximize profits and strengthen your partner relationships at MyBlueGrace.com
