Shipper — Presentation
Schneider publishes this regular transportation market update to keep you informed of freight market conditions, supply and demand influencers, and disruptions that may impact your supply chain.
This report is developed by leveraging data and analytics from multiple transportation industry resources.
This report focuses overviews the Transportation Market. View the Market Update focusing on Mexico transportation here.
Weather advisory page -- For the latest information on hurricane season and the impacts on supply chains, please see our weather-advisory page.
This chart combines the current year-to-date trend with full year trends from 2018-2021. You will see consistent trends in reduced outbound tender volumes during holidays. More importantly, it shows the sustained length of time that record-level outbound tender volumes have remained.
Compared to the Outbound Tender Volume Index levels during this time in the previous three years, current OTVI is 16% lower than 2021, 39% higher than 2020, and 29% higher than 2019.
Outbound Tender Reject Index
Outbound Tender Reject levels have been slowly declining for all modes and are at 9% overall. Truckload rejects are at 9%, Flatbed rejects are at 29% and Reefer rejects are at 11%.
As the market continues to evolve, we are here to help. Contact a logistics expert today and read the full transportation market update report here:
Schneider is honored to announce the company has been named one of America’s Best Large Employers by Forbes.
In this report, you will see a continued softness in transportation market volumes and market tender rejects. 2021 was an unprecedented year in demand, and current volumes are still significantly higher than 2020 and 2019.
We’ve included some information about what’s going on in China and we’ve noticed that Morgan Stanley recently released an interesting analysis, included as well. Read on for more information.
This event is a 72-hour high-visibility, high-volume commercial motor vehicle inspection and enforcement initiative. Commercial motor vehicle inspectors in Canada, Mexico and the U.S. will conduct North American Standard Inspections of commercial motor vehicles and drivers.
Each year, CVSA focuses on a specific aspect of a roadside inspection. This year, the focus will be on wheel ends, which historically account for about one quarter of the vehicle out-of-service violations discovered during International Roadcheck, and has been routinely identified as a top 10 vehicle violation.
If violations are found, the vehicle will be placed out of service, which means that vehicle cannot be operated until the identified out-of-service conditions have been corrected. Or if a driver violation is found, the driver will be placed out of service, adding days to your supply chain.
Keep your freight moving with Schneider. Our drivers and equipment are inspection ready year-round, and our third-party carriers are held to the industry's strictest qualification standards. Covering your freight is made easier with Schneider’s Capacity Stacking℠ options.
Recent data shows that many manufacturers are expanding supplier relationships and bringing production closer to end users, in a growing effort to keep product on shelves. Nearshoring attempts are in full affect with U.S. manufacturers increasing procurement bids with Mexico and Latin America suppliers drastically year over year.
Many in transportation and logistics are keeping an eye on the COVID-19 lockdown in China, which accounts for 12% of global trade. Restrictions there over the last few weeks have idled factories and warehouses, and slowed truck deliveries and container shipping. Container volumes from China have decreased 31% according to FreightWaves SONAR. More data shows that it takes an average of 111 days for freight to get from China to the U.S. warehouse.
This article highlights the backup that may be coming our way a few months from now. If you're bringing product to North America from China, let's talk now to plan for your freight needs.
Events throughout the year for shippers to keep up with transportation market trends and insights.
LA/LB terminals are continuing to charge additional/increased fees. The latest, which starts 4/1, is a $10 per TEU charge for all trucks that are older than 2014.
The labor risk (union contract) is weighing heavily on shipper's minds. Many shippers we spoke with at TPM are moving more cargo to the East and Gulf coasts.
Vessel backlog is "better" but heavy volumes are expected at all gateways in April. By late April, we will likely be in extremely tight conditions like Q4/Jan.
Quote, book and track your Intermodal, Truckload and LTL freight with Schneider. FreightPower®.
The Emergency Declaration was issued following the declaration of a national emergency by the President in response to the Coronavirus Disease 2019 (COVID-19). Regulatory relief is provided for commercial motor vehicle operations providing direct assistance in support of emergency relief efforts related to COVID-19.
The Emergency Declaration has been extended multiple times. The March 1, 2022 update shall remain in effect until May 31, 2022, unless modified or terminated sooner by FMCSA.
The Emergency Declaration is limited to transportation of:
Direct assistance does not include routine commercial deliveries, including mixed loads with a nominal quantity of qualifying emergency relief added to obtain the benefits of this emergency declaration.
See the full Emergency Declaration, Restrictions, and Limitations on the FMCSA website.
Schneider is committed to following the FMCSA Emergency Declaration while maintaining our #1 Core Value of safety among our drivers and associates.
We continue to closely monitor information related to the COVID-19 outbreak and – as always – our priority is to protect the health and safety of our associates, our drivers, our customers, and the general public. Our crisis management team is continually monitoring the situation and is taking steps to ensure the wellness and safety of our associates.
Recognizing that our drivers are the backbone of our business, we are in regular communication through our driver support teams to ensure that they are well informed as to the environment they are operating in. Their safety and wellness are a top priority.
Your business is very important to us and we are happy to answer more questions related to specific worksites or regions should you have them.
For the latest information on COVID-19, please visit the Centers for Disease Control and Prevention’s website.
Our associates and transportation experts are available to help with supply chain strategy and shipping needs to respond to the pandemic. You can count on Schneider to provide your business with the same exceptional service and timely support we’ve provided shippers for 85+ years.
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