Inside SONAR

Index-linked contracts new way to buy trucking capacity

The two ways shippers could purchase trucking capacity were through contracts or the spot market. 

Until now.

FreightWaves has introduced index-linked contracts as a third option for trucking capacity. Currently, 30 shippers — large consumer-brand companies — are in various stages of implementing this new product. 

Index-based contracts are linked to FreightWaves TRAC rates 

Index-linked contracts work in a similar manner to fuel surcharges. A shipper and a carrier agree to index freight costs...

https://www.freightwaves.com/news/index-linked-contracts-new-way-to-buy-trucking-capacity

Ocean carriers’ record rejections last-ditch effort to bolster spot rates

Back in May, we warned that a second-half rebound in U.S. containerized import volumes was highly unlikely as it was becoming increasingly clear that importers were facing a clear shift in consumer spending (from discretionary goods to more essential goods) and a nagging surplus of inventories that were carried over from last year. The reverse bullwhip effect was clearly going to crack any chances of a robust peak season. We also warned that this dismal outlook for future U.S. import demand may...

https://www.freightwaves.com/news/ocean-carriers-steadily-losing-pricing-power-in-trans-pacific

Ocean carriers steadily losing pricing power in trans-Pacific

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Last week, we warned that the “peak” of peak season had already arrived for U.S. containerized...

https://www.freightwaves.com/news/ocean-carriers-steadily-losing-pricing-power-in-trans-pacific

The ‘peak’ of peak season is here

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For the past few months, we have been warning that U.S. containerized import volumes were not only...

https://www.freightwaves.com/news/the-peak-of-peak-season-is-already-here

Critical level approaching for trans-Pacific spot rates

As we approach the end of the first half of 2023, trans-Pacific eastbound spot rates are nearing their year-to-date lows, marking a critical level for ocean carriers.

In conjunction with various factors such as the “bullwhip effect” impacting inventories at major U.S. importers, and a shift in consumer spending patterns, U.S. importers are expected to exercise extreme caution in bringing in new volumes during the second half. This cautious approach, coupled with a weakening global macroeconomic...

https://www.freightwaves.com/news/critical-level-approaching-for-trans-pacific-spot-rates

FreightWaves SONAR launches Index-Linked Contracts solution

For many shippers, logistics providers and freight carriers, the request for proposal (RFP) process can be time consuming and stressful.

The constant work of rebidding freight and wrangling over price can cause major business disruptions, as well as build friction between shippers and carriers.

“The reason companies do RFPs is because they want to know they’re not getting screwed by the market,” Craig Fuller, FreightWaves’ founder and CEO, said at the Future of Supply Chain event in Cleveland on...

Volume returning to trucking market, but carriers aren’t feeling it (yet)

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There are encouraging signs that demand is returning to the U.S. trucking market, based on...

https://www.freightwaves.com/news/volume-is-returning-to-the-trucking-market-but-carriers-arent-feeling-it-yet

FreightFriend and FreightWaves partner to provide data to mutual customers

FreightWaves, an industry-leading provider of data, analytics and news for the global supply chain and logistics industries, has announced that its TRAC spot rates have been integrated into FreightFriend, a truckload procurement platform.

This integration is now live and available to mutual customers.

“At FreightFriend, we look to provide our clients with accurate, real-time information to make sure they are working with the best fit carriers at the best rates,” said Noam Frankel, founder and CEO...

https://www.freightwaves.com/news/freightfriend-and-freightwaves-partner-to-provide-data-to-mutual-customers

High-frequency truckload data suggests the freight market is stabilizing

Did the first quarter lull come early, in November and December of 2022? 

For carriers, the first quarter is always the most difficult period in the annual freight calendar, when retailers clear their excess holiday inventory, construction takes a pause for the frigid weather and everything is gloomy and cold. The soft first quarter often follows a robust fourth quarter, in which freight companies enjoy the annual peak season and make an outsized portion of their profits. Carriers look forward...

https://www.freightwaves.com/news/high-frequency-truckload-data-suggests-the-freight-market-appears-to-be-stabilizing

Here’s how high-frequency data revealed the freight recession months early

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Debate on whether we are in a freight recession has been raging since the first quarter of 2022. The...

https://www.freightwaves.com/news/heres-how-high-frequency-data-revealed-the-freight-recession-months-early

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