Search Results for: tender rejections

How Brokerages Can Proactively Identify Market Volatility

...data sets in the chart view seen above, but many customer-facing sales teams view tender rejections and outbound tender market share in a map format. By comparing tender rejections and...

Improve Freight Market Volatility with SONAR

...example, the freight rates consider these core indices from each point: Headhaul Index Inbound Tender Rejection Index Inbound Tender Volume Index The gauges not only show the Lane SONAR Signal...

Understanding The True Trucking Rate For The Market

...available to cover the load. All freight involves the spot market to some degree, whether by contributing to tender rejections or encouraging carriers to reallocate resources. Spot market instability is...

How FreightWaves SONAR Signals Open API enables split-second decision making and prioritization

...in performance metrics. Increased insight into the performance of staff for tendering freight into high-difficult markets. Implementing incentive plans to encourage users to tender the best freight for the situation....

What is freight market intelligence and what can it do for brokers, shippers, carriers & 3PLs

...and inbound capacity, offering more competitive rates for tendered freight, and avoiding soaring tender rejections Carriers add value to operational efficiency through market data by offering the most competitive rates...

Leverage freight data for confident demand planning

...above displays the Outbound Tender Reject Index, the average percentage of truckload shipments tendered by shippers which were then rejected by their contracted carriers. At the end of 2020 and...

Using SONAR Data to Improve Carrier Sourcing and Scheduling

...freight management partner, that amounts to 16 total tenders per day. And that assumes the carrier accepts the tender in the first place. However, if the same process were to...

Freight volume data a reliable proxy for health of ‘Main Street economy’

...the near-time volume insights they need to make proactive business decisions, regardless of how the market changes. In fact, the Inbound Tender Volume Index (ITVI) and the Outbound Tender Volume...

SONAR highlight reel: China’s energy crisis is a significant freight demand risk

...7.5% from August-September levels. Meanwhile intermodal tender rejections have fallen in most locations and domestic intermodal spot rates are flattening at a high level. Unfortunately, international intermodal volume is falling...

Sonar Data

...Stay on top of supply and demand dynamics on a global, regional and local scale. Compare and contrast outbound tender volumes and outbound tender rejections to optimize freight rates. Learn...

Top Freight Indices in SONAR

...SONAR Outbound Tender Volume Index (OTVI) Outbound Tender Volume Index (OTVI) measures the truckload volumes for 135 freight markets in the U.S. based on the daily volumes of electronically tendered...

High-frequency data points to ongoing demand surge

...demand surge did not impact rates or tender rejections, which are the usual indicators of demand increases. This indicates that there is still plenty of capacity in the market to...

Take Demand Planning and Forecasting to the Next Level: An Introduction to Tender Data

Electronic tender data is the fastest, most accurate way to measure volume and demand in the freight market. Tender volumes and rejections typically move before prices, making tender data a...

High-quality freight data is vital for supply chain automation

...a quote is returned above market and rejections are above 8%, then the shipment is tendered, but if a quote is returned above market and rejections are below 8%, a...

How We Use Data to Better Plan for Produce Season

...industry. Brokers and produce shippers are well aware of the typical timing of these disruptions, but oftentimes a shipper can be blindsided by massive variations in tender rejections and linehaul...

Introducing Index-Linked Contracts

...budgets typically assume a fixed shipping cost based on the rates given by the primary carrier at a precise moment in time — no tender rejections, secondary or tertiary carriers,...

Predicting the next turn in the freight cycle

...any given day. Second, tender rejections rising past a key 7%-10% threshold always predict a similar move in the spot rate. But FreightWaves data goes back even further up the...

How to think about your freight RFP strategy

...market is hot and capacity is tightening, shippers risk higher tender rejections and nonperformance on their awarded freight and may experience delays and higher costs on the spot market. If...

How to make more accurate trucking spot rate predictions

...Index (OTRI) and Inbound Tender Rejection Index (ITRI) are crucial to determining trucking capacity for spot rate forecasts. Tender rejects are the most important indicator for capacity in any one...

Forecasting for freight capacity, so you can plan for today’s volume

...these elevated volume levels. Tender rejections are finally reaching levels that may suggest upward pressure on rates.” The use of data and analysis in the SONAR freight forecasting platform opens...
White Papers
March 27, 2024

The State of Freight – March 2024

March 21, 2024

Take Demand Planning and Forecasting to the Next Level: An Introduction to Tender Data

February 6, 2024

Asleep at the Wheel: Shippers and the Freight Market Outlook for 2024