The transportation market update provides the latest insights into market conditions from Schneider. It notes tight capacity due to high import volumes and demand, with outbound tender volumes up significantly compared to previous years. Driver shortages remain an issue, while the upcoming CVSA Roadcheck and Canada's new ELD rules may further impact capacity. Covid cases are rising slightly but vaccinations are increasing, though restrictions are still in place in many areas.
Snapshot report - Sustainability in TruckingJennifer Wong
In August 2020 Convoy surveyed over 440 small and mid-sized trucking companies across the United States to collect a snapshot of sustainability in trucking. Survey participants include dispatchers for fleets and owner-operators. All the results are self reported by the participants. This report is data from over 31,787,562 miles driven in July.
Ron Lucey and Fran Robertson's (Texas Governor's Committee on People with Disabilities) presentation provided an update on their 2016 study on abuse of accessible parking and disabled placards.
From news release:
A new study by the Harvard Environmental Law Program’s Policy Initiative reveals serious deficiencies in the disclosure practices of FracFocus, a widely-used website that allows companies to voluntarily disclose the hydraulic fracturing chemicals they use in the process of natural gas drilling known as “fracking.”
Currently, 18 states require some amount of fracturing chemicals disclosure. Of those, 11 direct or allow companies to report chemical use on FracFocus. The report found that the dependence on FracFocus as a regulatory compliance tool is misplaced or premature.
More on fracking data bases here:
http://dotearth.blogs.nytimes.com/?s=fracfocus
Snapshot report - Sustainability in TruckingJennifer Wong
In August 2020 Convoy surveyed over 440 small and mid-sized trucking companies across the United States to collect a snapshot of sustainability in trucking. Survey participants include dispatchers for fleets and owner-operators. All the results are self reported by the participants. This report is data from over 31,787,562 miles driven in July.
Ron Lucey and Fran Robertson's (Texas Governor's Committee on People with Disabilities) presentation provided an update on their 2016 study on abuse of accessible parking and disabled placards.
From news release:
A new study by the Harvard Environmental Law Program’s Policy Initiative reveals serious deficiencies in the disclosure practices of FracFocus, a widely-used website that allows companies to voluntarily disclose the hydraulic fracturing chemicals they use in the process of natural gas drilling known as “fracking.”
Currently, 18 states require some amount of fracturing chemicals disclosure. Of those, 11 direct or allow companies to report chemical use on FracFocus. The report found that the dependence on FracFocus as a regulatory compliance tool is misplaced or premature.
More on fracking data bases here:
http://dotearth.blogs.nytimes.com/?s=fracfocus
April 2, 2021 Shipping, Supply Chain and Transportation Market UpdateSchneider
Outbound tender volumes have rebounded from winter weather and current outbound volumes are 33% higher than 2020 and 57% higher than 2019.
There has been a huge rebound in tender volumes as negative weather impact fades. Outbound tender rejects are steady at 27%, also an impact of severe weather – and a 408% increase year-over-year.
Read the full April 2, 2021 Shipping, Supply Chain and Transportation Market Update here.
Feb. 19, 2021 Transportation Market - Outbound tender volume index sideways, ...Lindsay M. LaCourse CSM
Current outbound volumes are 42% higher than 2020 and 44% higher than 2019.
Freight volumes have been trending sideways since the first week of January, bouncing between 13,600 and 14,200.
This is typical for January, when freight flows lull in the early weeks of the year. While this year is following a similar pattern, it is at an extraordinarily high level. If the pattern continues, we might expect to see volumes pick up speed toward the end of February.
March 19, 2021 Transportation Market UpdateSchneider
Overall tender rejects are steady at 27%, a 408% increase year-over-year, also as an impact of the recent severe weather.
Current outbound tender volumes are 43% higher than 2020 and 55% higher than 2019.
There has been a huge rebound in tender volumes as negative weather impact fades.
Consumer demand is still strong and the housing market is hot.
March 5, 2021 Transportation Market update ReportSchneider
Outbound tender volumes spike after winter weather.
Current outbound volumes are 59% higher than 2020 and 55% higher than 2019.
There has been a rebound in tender volumes as negative weather impact fades. Outbound tender rejects increased to 27%, also an impact of severe weather – and a 408% increase year-over-year.
Mercer Capital's Value Focus: Transportation & Logistics | Q4 2021 | Feature...Mercer Capital
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Best Freight Forwarding Services | Air Freight ForwardersFreightoscope
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Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
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➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
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➢ Vietnam Food Expo with Lotte Wellfood
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April 2, 2021 Shipping, Supply Chain and Transportation Market UpdateSchneider
Outbound tender volumes have rebounded from winter weather and current outbound volumes are 33% higher than 2020 and 57% higher than 2019.
There has been a huge rebound in tender volumes as negative weather impact fades. Outbound tender rejects are steady at 27%, also an impact of severe weather – and a 408% increase year-over-year.
Read the full April 2, 2021 Shipping, Supply Chain and Transportation Market Update here.
Feb. 19, 2021 Transportation Market - Outbound tender volume index sideways, ...Lindsay M. LaCourse CSM
Current outbound volumes are 42% higher than 2020 and 44% higher than 2019.
Freight volumes have been trending sideways since the first week of January, bouncing between 13,600 and 14,200.
This is typical for January, when freight flows lull in the early weeks of the year. While this year is following a similar pattern, it is at an extraordinarily high level. If the pattern continues, we might expect to see volumes pick up speed toward the end of February.
March 19, 2021 Transportation Market UpdateSchneider
Overall tender rejects are steady at 27%, a 408% increase year-over-year, also as an impact of the recent severe weather.
Current outbound tender volumes are 43% higher than 2020 and 55% higher than 2019.
There has been a huge rebound in tender volumes as negative weather impact fades.
Consumer demand is still strong and the housing market is hot.
March 5, 2021 Transportation Market update ReportSchneider
Outbound tender volumes spike after winter weather.
Current outbound volumes are 59% higher than 2020 and 55% higher than 2019.
There has been a rebound in tender volumes as negative weather impact fades. Outbound tender rejects increased to 27%, also an impact of severe weather – and a 408% increase year-over-year.
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With years of experience & commitment to customer satisfaction, we offer Freight Forwarders shipping solutions by air freight & ocean freight with low budget & time
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𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
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➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
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➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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2. TRANSPORTATION MARKET UPDATE
Schneider’s goal is to provide the latest market insights to help you navigate the ongoing market volatility.
Whether moving a critical load, keeping your supply chain going or long-term planning, Schneider remains committed to
safely and securely delivering your freight.
Schneider leverages data and analytics from multiple sources to provide the most up-to-date insights available
including, but not limited to, FTR, DAT, FreightWaves SONAR, Cass Information Systems, Inc., FleetOwner, FMCSA,
The New York Times, NPR, ATRI, the CDC and Transport Topics. For the latest information and updates, visit
Schneider’s Trending Topics page.
3. Register now
UPCOMING LIVE EVENT: THE PANDEMIC HAS HIGHLIGHTED THE NEED FOR FLEXIBLE
CAPACITY OPTIONS THAT TURN ON A DIME
With a fixed fleet, they also lacked the ability to flex during surge times.This has
becomeeven more apparent during the pandemic,while they have experienced
supplierdelays, labor shortages and driver turnover.
By working with a multimodal carrier like Schneiderto take over the management
of their fleet,it’s allowed Syndicate to:
• Focus on solving their other pandemic-relatedchallenges
• Have a flexible capacity option that turns on a dime with their needs
• Bring multimodal capacity and sourcing options to their fingertips
Even before the pandemic, Syndicate, a leading provider of trend-forward,
quality-made floral hardgoods, knew they had to make changes to their
transportation strategy. With their own trucking fleet for nearly 40 years, they
were experiencing exponentially rising costs due to equipment, insurance,
and driver pay.
12:00 p.m. CST on Thursday, April 22
4. AVOID COSTLY DELAYS: CVSA ROADCHECK WEEK IS COMING, MAY 4-6
The 2021 CVSAInternational Roadcheckis coming up quickly, taking place from
May 4-6 this year, with an emphasis on lighting and hours of service. If violations
are found either the vehicle or driver will be placed out of service, causing supply
chain interruptions.
During lastyear’s Roadcheck:
• Hours of service was the top driver violation category in North America, accounting for 35% of all driver out-of-service conditions.
• “Lamps inoperable,”was the top vehicle violation, accounting for about 12% of all vehicle violations.
• Due to increased scrutiny,a numberof carriers and driverschoosenotto operatethe week of the eventand our data shows
that each year there is a significantdropin overallavailable capacityin the marketplace.
• Reduced capacityor delays caused by non-compliant drivers or faulty equipmentwill add days to your supply chain. This could be
even more with the already tight market conditions.
Read the article Source: cvsa.org; Updated 2/2/2021
5. IN THE NEWS: TIGHT CAPACITY MARKET EXASPERATING DRIVER SHORTAGE;
RELIEF UNLIKELY ANYTIME SOON
High import volumes and truckload demand are tighter than ever – due in
part to the urgency seen in the last year – signaling an extremely active
summer for domestic transportation providers. Read the article.
• At the end of 2020, the driver turnover at large truckload fleets remained
steady at an annualized rate of 92%.
• Stimulus and vaccinations will likely improve the economy and drive additional freight demand; putting
pressure on the demand for drivers.
• Driver retention should be a key focus area for carriers of all sizes.
Read the article.
Source: freightwaves.com;Updated 4/10/2021
ccjdigital.com;Updated 3/30/2021
Learn more about how Schneider is investing in our drivers.
6. IN THE NEWS: CANADA’S JUNE ELD DEADLINE NEARS
Transport Canada will start “soft enforcement” of its new ELD rules on
June 12; intra-Canada and cross-border fleets need to prepare their ELD
plan now. Complicating things further, “As of mid-March, no ELD has been
certified yet in Canada.”
• U.S.-approved ELDs may not meet Canada’s certification standards.
• This additional regulatory requirement has the potential to negatively
impact capacity and freight flows.
• Schneider continues to work with our carrier base to mitigate disruption for our shippers – we are
actively solutioning to ensure your supply chain is prepared for this change.
Read the article.
Source: fleetowner.com;Updated 3/19/2021
7. IN THE NEWS: MULTIPLE PORTS BREAK RECORDS IN MARCH; DRIVEN BY
IMPORT VOLUMES
The Port of Long Beach and Port of Charleston both recently reported record results for
March – a month that, in normal conditions,is more relaxed from order peaks associated with
U.S. and Chinese holidays. “The unprecedentedsurge of imports at container ports is
expected to continue at least through the end of the summer,according to the National Retail
Federation’s monthly Port Tracker report on Wednesday.”
• Long Beach terminals handled 840,387 twenty-footequivalent units (TEUs); the previous
record was in Decemberat 815,885.
• Long Beach imports grew by 74% YOY while exports slightly declined.
• Imports to the Port of Charleston grew by 34% YOY.
• Typical slow seasons at the ports are not expected this year due to continued consumer
demand;what consumers are not spending on travel, they are shifting toward online retail.
Read the article.
Source: freightwaves.com;Updated 4/8/2021
8. COVID-19 CASES RISE 6% FROM TWO WEEKS AGO; STILL FAR BELOW WINTER LEVELS
Source: nytimes.com;Updated 4/13/2021
9. Source: nytimes.com,aarp.com;Updated 4/12/2021
While citizens wait to get vaccinations, most states
are enforcing a mask policy. But as numbers start to
decline, some states are starting to roll back
restrictions. Learn more about each area’s policies
on this map from the New York Times.
While most states are open, local orders may
maintain certain restrictions for those areas.
Transportation is an essential business – we
continue operations in all geographies in
accordance with state and local orders.
AS OF APRIL 12, TWENTY-ONE STATES DO NOT HAVE MASK MANDATES
10. EXPECT THE COVID-19 VACCINATION CAMPAIGN TO CONTINUE THROUGHOUT 2021
President Joe Biden announced all U.S. adults will be
eligible for the COVID-19 vaccine by April 19. Despite
this news and the fact that some states are beginning
to remove restrictions, health experts are cautious.
"At this level of cases with variants spreading, we stand to
completely lose the hard-earned ground we have gained.“
- Rochelle Walensky, CDC Director
“It will be very premature, and I think unrealistic, to think that
we’re going to finish with this virus by the end of the year.”
– Dr. Michael Ryan, World Health Organization
Source: cdc.gov, nbcnews.com,apnews.com;Updated 4/13/2021
Percent of population vaccinated
(4/13/21)
Vaccinated
Fully
vaccinated
United
States
36.8% 22.7%
Canada 20% 2.2%
Mexico 7.5% 1.8%
11. The Outbound Tender Volume
Index continued to rise,
increasing by 0.49% or 75 points.
Week over week, volumes have
increased by 5.45%.
Compared to the Outbound
Tender Volume Index levels
during this time in the previous
two years, current OTVI is
73.66% higher than 2020 and
56.70% higher than 2019.
OUTBOUND TENDER VOLUME INDEX
Outbound tender volumes represent demand for capacity in the origin area. An increase in volume represents an increase in demand. Source: FreightWaves;Updated 4/13/2021
2018-2019
2021
2019-2020
12. Overall tender rejects decreased week over week by 1.78%. Reefer rejects were the only week over week
increase at 3.20%.
Outbound tender rejects are an indication of available capacity in the origin market of the freight. If rejections are increasing,
capacity may be tightening in that area.
OUTBOUND TENDER REJECT INDEX
Source: FreightWaves;Updated 4/13/2021
Truckload& Flatbed
Refrigerated
13. The graph below details outbound tender rejects based on length of haul, regardless of mode. All lengths
of haul have decreased since our last report.
City/local (< 100 miles): 7.7%
Short-haul (100-250 miles): 16.89%
Mid-haul (250-450 miles): 29.90%
Tweener (450-800 miles): 35.27%
Long-haul (800+ miles): 28.53%
Source: FreightWaves;Updated 4/13/2021
OUTBOUND TENDER REJECT INDEX BY LENGTH OF HAUL
Outbound tender rejects are an indication of available capacity in the origin market of the freight.
If rejections are increasing, capacity may be tightening in that area.
14. TRUCK FREIGHT RECOVERY INDEX
Seasonally adjusted freight
activity is relatively stable
since the February spike.
Dry Van is about 136% above
the pre-pandemic base.
Read more
Source: Truckstop.com SpotMarket Insights
Analysis by FTR | Transportation Intelligence
15. RAIL FREIGHT RECOVERY INDEX
Intermodal networks took a slight step down due to the Easter holiday but is expected to recover in the next
week. Read more.
Source: Truckstop.com SpotMarket Insights
Analysis by FTR | Transportation Intelligence
Updated:4/7/21
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