How a CPG Shipper Stayed Out of the Spot Market and Achieved a 20x ROI
Tricky freight, short lead times, and inflexible delivery windows meant that one consumer packaged goods shipper was punished when its core carriers fell off.
How do tender reject rates predict the freight economy?
Tender rejections occur when a contracted carrier rejects an electronic load request from a shipper customer. FreightWaves SONAR measures the former via the outbound tender reject index (OTRI). Carriers really only have two reasons for rejecting a contracted load. One, they do not have available capacity to service the request. Or, two, there are more […]
Why spot market data provides an incomplete view of the freight market
Spot market data is often referenced as a key indicator of activity in the trucking market. But the spot market data provides an incomplete and lagging view of market activity.
Good news: The freight market is about to turn up
Freight market forecasting is a tricky game these days. Historical freight market data models provide good reference points, but because of the unprecedented nature of COVID-19 (a classic example of a black swan event), we have to rely on current data to understand what is taking place in the freight market. The good news is […]
