During yesterday’s Freight Market Update Live webinar, we asked our attendees about their inventory levels. The results? 22% of shippers say they don’t have enough inventory—up from just 5% last March. Meanwhile, only 17% have too much inventory, compared to a staggering 48% last year. Why? Increased sales was cited as the number-one reason, followed by early holiday frontloading (amid East Coast labor issues, congestion, and transit delays), post-COVID inventory replenishments, and other factors. Interested in hearing more? Watch the webinar on demand here → https://lnkd.in/epD_4fBH
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The increase in freight rates has led to many cargo owners hoarding goods and waiting to see the decrease in ocean freight rates. So what will be the future freight trend? We will continue to pay attention to......
During yesterday’s Freight Market Update Live webinar, we asked our attendees about their inventory levels. The results? 22% of shippers say they don’t have enough inventory—up from just 5% last March. Meanwhile, only 17% have too much inventory, compared to a staggering 48% last year. Why? Increased sales was cited as the number-one reason, followed by early holiday frontloading (amid East Coast labor issues, congestion, and transit delays), post-COVID inventory replenishments, and other factors. Interested in hearing more? Watch the webinar on demand here → https://lnkd.in/epD_4fBH
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Our June Market Update is here. DOT Week, Memorial Day and elevated produce demand created some rate and capacity volatility in May. DAT data shows spot load posts increased significantly month-over-month, but with high numbers of new entrants joining the already oversupplied market, capacity was more than sufficient to handle the short-lived surge. Read the full report to get up to speed on the latest freight market trends from our Market Intelligence team, led by David Spencer, as peak season continues! https://lnkd.in/gZmwYGe8
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Container volume correlates with warehouse absorption and this graph in the link tells the story. COVID hit in March of 2020 and about 3 months later in May TEU's went from 1.7M to 2.5M. Volume stayed at this elevated level (over 2.3M/month) for all of 2021, tapering off in August of 2022. We were back down to 2019 levels by the end of 2022, but then slowly ramped back up in 2023. Today we are back into those peak 2020 - 2021 volumes. Overlay the absorption activity for warehouse in my home market of Indianapolis and it jives completely. Absorption in 2020 started the year "normal" then ramped up quick. 2021? Insane activity and absorption all year. 2022? The insanity continued but started losing steam by year end. 2023 felt like we were living off occupancy gains from transactions signed in 2022 with not much new getting done. For 2024 activity has definitely picked up and with absorption typically lagging cargo volume by several months, we have reason to be optimistic. The trick will be to sustain these high import volumes and avoid the volatility...easier said than done these days.
Container imports reach highest volume since May 2022
newsletter.smartbrief.com
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Week of January 26, 2024 #SpotMarketInsights: 5 Key Takeaways you Should Know. 👇 1.) For week 4 in the spot market, 3 of the 4 key market indicators decreased. The overall Market Demand Index (MDI) fell by 6.3 points to 65.5 as load availability decreased 2.2% and truck availability rose 7.1%. 2.) Compared to last year the MDI is up 10 points, or 18.1%. 3.) Last week, market rates fell 1.6% to $2.36. Compared to last year, rates are down 2.9%. 4.) Although total rates were down in the latest week, they are holding more firmly than is typical for January. 5.) National fuel prices eased $0.03 cents to $3.86 from $3.88 per gallon in the previous week. ⛽️ For a more detailed analysis, comment "Spot market" below and we'll send you the most up-to-date insights on spot market rates and load availability for: -Dry van -Refrigerated -Flatbed And be sure to follow our page for the latest freight market trends! Truckstop's Chief Relationship Officer Brent Hutto and FTR | Transportation Intelligence provide weekly spot market insights. 🤝 #Freight #Logistics
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Air cargo surge could be at expense of peak season growth A disconnect is arising between actual demand for cross-border air cargo service through the first half of 2024 and forecasts for the full year, raising questions about whether the current surge will strengthen during the traditional busy season starting in mid-September or lose energy. Although the e-commerce fervor powering the air cargo market shows no signs of cooling down, that doesn’t mean other market drivers won’t. Many shippers are pulling forward fall orders to minimize the chance of late-arriving inventory associated with longer ocean transit times and port congestion due to detours around the dangerous Red Sea, and the threat of a dockworker strike at U.S. East Coast ports this fall. Global consumer demand is relatively lukewarm, so it’s possible that pre-buying is cannibalizing future growth rather than a sign of elevated trade activity. Also, absolute demand is not as strong as the numbers suggest. Growth this year is off a low base in the first half of 2023, when cargo volumes were down 10% from the same 2022 period because wholesalers and retailers were cautious about ordering as they drew down inventory. The market’s recovery in last year’s fourth quarter means growth gains will be harder to achieve in the final quarter, potentially resulting in slower year-over-year growth rates from today’s elevated levels. Nonetheless, tight capacity and steady price increases on main trade corridors are pressuring businesses to lock in transport deals for the upcoming peak shipping season. https://lnkd.in/d6-PwEVv
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Freight News: Logistics Information That Affects Your Bottom Line. Shipments, expenditures continue downward trend in January. The Thursday report showed shipments were down 7.6% year over year (y/y) during the month and were 3.5% lower than in December. Adjusting for seasonality, shipments were flat with the prior month. The index stood at the lowest level since July 2020, the early days of the pandemic. “Freight transportation is, of course, an outdoor sport, and it’s tough to say with precision if this January was worse than most, but if so, the underlying trend in freight improved in January,” the report read. While trucking demand remains soft overall, rising import and intermodal trends are key leading indicators of a recovery in trucking this year. If interested in getting the whole story, follow this link: https://bit.ly/3I2WuQV #FreightNews #Logistics #SupplyChain
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Anxious shippers send rates soaring months before peak season Shippers fear major delays on goods due to new supply chain disruptions. This has jump-started the peak season and sent spot rates soaring. ”There are indications that we’re seeing an early peak season coming in the midst of some major supply chain disruptions,” says Lars Jensen, shipping analyst and founder of the consultancy Vespucci Maritime. Last week, freight rates for container ships across the major shipping lanes increased by 16%. Contact us for more information and the most competitive rates ☎️ +353-1-2234705 📧 [email protected] Check out or website - www.sealandglobal.ie Anne Hanley Catherine Casey Marzena Bajor Stephen Higgins Kallan Plunkett Maria Natalie Mendoza Olena Gudkova Richard Case 🇮🇪 🇪🇺 #shipping #containershipping #oceanfreight #freight #logistics #globaltrade #business https://lnkd.in/e-8A-Abf
Anxious shippers send rates soaring months before peak season
shippingwatch.com
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Despite the typical seasonal lull, July's freight volumes are holding up stronger than in previous years, thanks to higher import levels and stable tender volumes. 📈🚚 Read more about the current trends and insights in the freight market in our latest blog! As peak season approaches, Jillamy can assist with all your transportation and supply chain needs. #freightforwarding #logistics #truckload #LTL #3PL
Shaking off the summer doldrums
freightwaves.com
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The May Market Update is here! Market conditions in April continued to follow typical seasonal trends. Demand remains steady as capacity continues to exit the market at a moderate rate. Read the full report to get up to speed on the latest freight market trends: https://lnkd.in/gVgvvj5i #ArriveInsights #MarketUpdate
Freight Market Update - May 2024 - Arrive Logistics
https://www.arrivelogistics.com
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