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Apparel companies shifting to air freight to offset congestion at ports

FreightWaves SONAR

Numerous apparel companies, including Lululemon, Adidas and Crocs have all announced plans to increase their reliance on air freight in order to have inventory onshore during the holiday season. The Outbound Ocean TEU Index (OOTI) from Vietnam to the U.S. Request a SONAR Demo. Request a SONAR SCI Demo.

Freight 98
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[Chart of the Week] Trucking gets another shot in the arm from quarantined consumers: Consumer goods spending up 22% in January, tightening capacity back to peak levels in March

FreightWaves SONAR

Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR : OTVI.USA, PCE.DG Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR : OTVI.USA, PCE.DG After the order is placed, production begins relatively quickly.

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Freight Market Data To Assist in Negotiations With Carriers

FreightWaves SONAR

SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. There is typically more demand for inbound truckloads into Detroit than outbound truckloads.

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Making your carrier sales team as powerful as your customer sales team

FreightWaves SONAR

Managers will need to train carrier sales teams to understand the importance of using the correct carrier at the right time, and they must be able to negotiate effectively in order to maintain recurring revenue. Send them a screenshot, like the one below, to let them know the current rate trends. Request a SONAR Demo.

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How freight markets react amid weather-related chaos

FreightWaves SONAR

For example, the Outbound Tender Volume Index (OTVI) is a 7-day moving average of shippers’ requests for capacity. This meant FEMA had to pay higher rates for carriers to forego high-paying long-haul opportunities in order to position themselves in areas affected by the storm. Request a SONAR Demo. Request a SONAR SCI Demo.

Freight 98
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[Chart of the Week] Shippers take to the sky as ocean shipping congestion grows: Maneuvering past the bottleneck

FreightWaves SONAR

Supply chains have fractured under the weight of recent maritime import demand, forcing shippers like Peloton (NASDAQ: PTON) to find pricier alternatives in order to not miss their window of opportunity. The Ocean TEU Index measures booking requests for capacity, much like the Outbound Tender Volume Index (OTVI) does for domestic trucking.

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6 Steps to conduct a freight spend analysis

FreightWaves SONAR

Contracted freight trends. Current truck equipment orders. Outbound and inbound data. . Compare findings to industry trends. Benchmarking helps determine how well business intelligence findings align with market trends. Request a SONAR Demo. Descriptive analytics tracks the past.