How SONAR data can take you through the highs and lows
The freight markets are volatile and understanding how they change can sometimes be difficult.
Market trends through the last six months were heavily influenced by the COVID-19 pandemic and changes in consumer behavior that have carried over into the start of 2021.
However, we are slowly starting to see a return to seasonable patterns in the markets and contract bidding season is getting the freight markets on a roller-coaster-like pattern.
Luke Falasca and Kyle Taylor break down some of the data that indicates the return to seasonality, like dropping spot rates and tender rejections, in this episode of #WithSONAR.
Using FreightWaves SONAR data, they highlight what the ups and downs of the market can mean for your business and talk about the key things to look for as you are setting up contract bids for the 2021 season.
Other FreightWaves analysts have pointed to the idea of “mini bids” so shippers aren’t locked in to one rate all year as the market changes. Falasca and Taylor discuss how those contracted lanes contribute to the market volatility, pushing some lanes higher while dragging others down.
You can find more #WithSONAR recaps and recaps for all our live podcasts here.
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Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now