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2024 Freight Market Survey Results

Trinity Logistics

After several record setting years, 2023 saw shifts to the freight market. How did the 2023 freight market affect shipper and carrier businesses? Carriers are still concerned about low rates, operating costs, and low freight volumes hurting their businesses. Most look to continue to put most of their freight on the spot market.

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Freight Market Intelligence: Data is crucial, but context is king

Freightos

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62
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Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement

FreightWaves SONAR

According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.

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[WHITE PAPER] Cold comfort: Food companies can benefit from using reefer data as their costs for freight (and everything else) rise

FreightWaves SONAR

In general, the companies in the meat industry have among the most to gain from improving their freight efficiency, and we estimate that food companies with average margins and an average relative freight spend could save $300 for every $1 million in revenue by improving freight efficiencies by 1%. Request a SONAR Demo.

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Freight data can assist CPG companies in mitigating risks of freight cost inflation

FreightWaves SONAR

In addition, freight spend is not able to be effectively hedged like commodities that are able to be hedged in the short-term. However, leveraging freight market data can mitigate freight spend and lead to a more efficient supply chain. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER. Request a SONAR Demo.

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What Inventory, Order Volumes Could Mean for Holiday Freight

Blue Grace Logistics

Glenn Taylor | Sourcing Journal November 02, 2023 In an improving sign for the retail supply chain, the majority of shippers surveyed by third-party logistics (3PL) provider BlueGrace Logistics—64.4 The index correlates growth or shrinkage to overall industry volume of freight shipments and product prices. “We In fact, 65.8

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How cargo survey for refrigerated and frozen cargoes works

Shipping and Freight Resource

According to data from the industry, there are a lot of claims related to perishable shipment by all means of transportation. Marine Cargo Survey Practices. A Cargo surveyor is normally appointed by the Cargo Owner, but he may be appointed by the cargo receivers, ship owners, insurers, or any other stake holder in the industry.