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...

3 big reasons CPG and retail companies rely on SONAR to improve supply chain management

...fair, and carrier performance is up to par. In layman’s terms, Outbound Tender Volumes = freight available, Outbound Tender Rejections = market sentiment/tightness or looseness, and Inbound Tender Volumes =...

Using SONAR to Understand Local Markets and Seasonality

...April–June period, rejections reach or exceed the top range, which creates higher volatility for Ontario. Rejections will then slowly culminate through the fall, yet become less volatile. This is why...

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...

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...

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 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...

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...

How to Win During Bidding Season

...volumes, tender rejections, and headhaul index scores for 135 freight markets throughout the U.S. With this application you can build the most accurate bids for hundreds of truckload lanes in...

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...

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...

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...

5 business tips for a successful Q3 2020 in the freight market

...record in SONAR in mid-March. April was the opposite though, as load volumes collapsed due to the economic shutdowns. Tendered load rejections, which track truck capacity, bottomed out in early...

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...

SONAR Signals Open API

...updated daily, giving you the fastest and most accurate information in the market. Effective Data Our proprietary algorithms use a variety of datasets, such as historical volumes and tender rejections,...
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Take Demand Planning and Forecasting to the Next Level: An Introduction to Tender Data