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May 15, 2024 Update

Freightos

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

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How freight markets react amid weather-related chaos

FreightWaves SONAR

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.

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FOSC: Collaboration drives last-mile success

The Logistics of Logistics

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.

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[WHITE PAPER] SONAR highlight reel: Hurricane Ida further pressures transportation networks

FreightWaves SONAR

This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. 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.

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Enterprise Freight Management: 7 Last-Minute Thoughts to Boost Efficiency

FreightWaves SONAR

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.

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[Chart of the Week] Spot market rates set to resume slow downward trend after wild winter: Carriers, brokers have a duty to reduce risk of financial losses

FreightWaves SONAR

FreightWaves scientific rates are predicting a return to a slow downward trend after the impacts of the past month’s winter storms recede. The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. Trucking rates have been on a roller coaster since 2016.

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10 Supply Chain KPIs Freight Professionals Should Know

FreightWaves SONAR

As asset utilization increases closer to 100%, it represents less capacity within an organization and an opportunity to expand the business. Current fuel costs compared to current fuel surcharges Measuring current fuel costs against market trends is another way to benchmark company performance. Request a SONAR Demo.