market volatility

How data insights can help shippers combat today’s market volatility

In the world of logistics, global supply chains are put to the test with regular disruptions and volatility.

From skyrocketing fuel prices to the ongoing COVID-19 pandemic, all assumptions about future challenges are being questioned. The historical trends and data forecasting tactics of yesterday cannot be relied upon to navigate current market uncertainties.  

Spot market rates are just the latest challenge fueling market uncertainties. Matthew Harding, senior vice president of data science at...

https://www.freightwaves.com/news/how-data-insights-can-help-shippers-combat-todays-market-volatility

Jet Fuel Regains Premium Over The Gasoil Benchmark

Jet fuel values which dropped significantly in the first part of last year have left negative territory vis-a-vis ICE low sulfur (LS) gasoil to project a reasonable premium over the gasoil benchmark, according to price reporting agency S&P Global Platts.

The pandemic decimated consumer demand for jet travel, as well as cruise, leaving the former sector’s fuel with nowhwere to go.

Emma Thomas Comments

During the first phase of the pandemic, “jet fuel values had gone negative to $80 per metric tonne...

https://mfame.guru/jet-fuel-regains-premium-over-the-gasoil-benchmark/

Food shippers adapt to volatile market

In partnership with Redwood Logistics, FreightWaves researchers have detailed the findings of a survey asking shippers of all sizes to gauge how the pandemic has altered their expectations around shipping costs, their retail versus e-commerce business mix, sales growth and outlook for the future. The results of the study were published as part of a white paper, Volatility in Food Shipping.

As coronavirus cases began to soar nationwide in March, food shippers were some of the first in the...

https://www.freightwaves.com/news/food-shippers-adapt-to-volatile-market

Continental customers will now transition to KeepTruckin ELDs

Continental customers will now transition to KeepTruckin ELDs (Photo: KeepTruckin)

Global automotive parts supplier Continental is collaborating with fleet management solution provider KeepTruckin to switch the electronic logging devices (ELDs) used by its customer base to KeepTruckin’s ELD solutions. 

In that regard, Continental has discontinued its previous ELD program with RoadLog – a situation that James McCarthy, business development manager at Continental, described as an “extremely hard decision.”

McCarthy explained that Continental made the decision after due diligence...

https://www.freightwaves.com/news/continental-customers-will-now-transition-to-keeptruckin-elds