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.
