FreightWaves SONAR

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We’re expanding SONAR by integrating with Oracle (OTM) to offer shippers an effortless way to pull data, all within the same system. Learn more about our partnerships and what they mean for organizations when you integrate SONAR data below: https://bit.ly/49FEkk9 #oracle #oraclepartner #transportation

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Tender Rejection rates are staying somewhat elevated following the 4th of July holiday, OTVI is not falling down in it's July lull, as we historically see. Watch more from our 2 minute market update in Freightonomics! Keep up with us daily at: https://lnkd.in/gtyCvDTP #july #julymarketupdates #freightmarket #freightmarketupdates #stateoffreightmarket #tenderrejections

Our Pricing Power Index, utilizes SONAR data to analyze the negotiating power between shippers and carriers. View the most recent one below ⬇️ https://lnkd.in/gBRNq27U

2020 and 2021 continue to be outliers when it comes to historic trends. When outbound tender rejections are compared to those of 2019, that is when normalcy and predictability return. The national Outbound Tender Reject Index (OTRI) has been in sync with the 2019 values since mid-May, following almost exactly in 2019’s footsteps, bringing back that predicability and cyclical nature that the supply chain loves and depends on. The OTRI currently sits at 5.03%, which is higher than levels from the spring and first half of the summer. Shippers might begin to feel a capacity crunch or less carrier compliance on the routing guide as regionally, markets attract carriers with higher rates. The middle of July holds the secret. If rejection rates deviate from 2019, which they are on trend to do, the ripple effect will be felt the rest of the summer. It’s not a full turn to a tighter market. It just won’t be as easy as it has been to maintain reliable capacity. The market is becoming increasingly vulnerable, and that is something every shipper will have to account for heading into the second half of 2024. FreightWaves SONAR

Don't forget to register for the State of Freight webinar today at 2pm ET! Follow the link below to join us live: https://lnkd.in/g4WFfjFb #data #freightdata #freightmarket #analytics #freight #market #transportation #SaaSnetwork #stateoffreight

Truckload vs Intermodal: A Guide to Supply Chain Optimization 🚚 Follow the link below to learn more about when to utilize rail instead of trucking for cost savings and what that could mean for your supply chain ⬇️ https://bit.ly/45XTe4z #intermodal #freight #truckload #trucking #transportation

Join us today at 11am ET as we discuss Mexico's big shift and its impacts on US transportation and logistics. Follow the link below to register: https://bit.ly/4cNj7Gq #mexico #mexicoshipping #shipping #shippers #transportation #logistics

Join us live for this month’s State of Freight as we talk about the market shift this Thursday, July 18 at 2pm ET. Register below! https://bit.ly/3VYgY3U #marketshift #marketupdates #freightinsights #freight #freightdata #stateoffreight