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Transportation
Market Update
April 2, 2021
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.
MISS THE LIVE EVENT? WATCH THE ON-DEMAND
Watch it now
• Benchmark your approach to secure capacity with your peers in
an anonymous forum
• Understand the effect of freight characteristics on your ability to
obtain the capacity you need
• Learn how your sites are performing and examples of how
shippers used that information to make changes to their freight
• The benefits to your organization when carriers covet your freight
With the cycles of market disruption becoming more frequent, shippers are
finding it increasingly difficult to secure the capacity they need. That’s where
freight characteristics come in – is your freight ugly or attractive to drivers?
AVOID COSTLY DELAYS: CVSA ROADCHECK WEEK IS COMING, MAY 4-6
The 2021 CVSA International Roadcheck is 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 last year’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 number of carriers and drivers choose not to operate the week of the event and our data shows
that each year there is a significant drop in overall available capacity in the marketplace.
• Reduced capacity or delays caused by non-compliant drivers or faulty equipment will 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
KEEP FREIGHT MOVING WITH
SCHNEIDER FREIGHTPOWER®
Schneider FreightPower is an online marketplace that gives you
complete freight management. Register today to gain access
to easy-to-use features like:
• Instantly quote and book Brokerage LTL and truckload freight.
• Freight visibility 24/7.
• Access to load documents.
• Real-time reporting.
Get started
Quote and book your freight instantly with our self-service
portal, Schneider FreightPower.
IN THE NEWS: SUEZ CANAL CLEARED, DISRUPTION WILL REMAIN
Significant volume moves through the Suez Canal daily; now that the
mega-container ship Ever Given has been refloated, experts are
predicting major disruption ahead.
• East coast import volumes will drop temporarily, then are predicted to
surge as delayed ships arrive.
• For U.S. importers, container availability may decrease.
• As of Friday rates per forty-foot equivalent unit (FEU) were at and near all-time highs; Asia-West Coast
rates and Asia-East Coast were at $5,151 per FEU and $5,778 per FEU, respectively, according to the
Freightos Baltic Daily Index.
Read the article.
Source: freightwaves.com; Updated 3/29/2021
IN THE NEWS: TERMINAL OPERATORS SAY RAILCAR SCARCITY IS NOW DRIVING
LA-LB PORT CONGESTION
“Terminal operators say a shortage of intermodal railcars has become the top
driver of congestion at the ports of Los Angeles and Long Beach, although
western railroads say they are working to push more railcars to Southern
California.”
• Railcar dwell times have doubled to about 10 days, which indicates railcar shortages
have increased dramatically.
• Port-related supply chains are overwhelmed due to the seven-month-long spike in US imports from Asia and the resources of
all asset providers are stressed.
• “Rail containers remained on terminals for 8.6 days, up from 7.9 days in January. Additionally, 55.7 percent of the containers
remained on the terminals for more than five days, up from 50.2 percent the month before, PMSA said. Terminal operators
tell JOC.com that four days or less is the preferred dwell time for rail containers.”
Read the article.
Source: joc.com; Updated 3/29/2021
COVID-19 CASES RISE FROM TWO WEEKS AGO; STILL FAR BELOW DEC AND JAN LEVELS
Source: nytimes.com; Updated 3/31/2021
Source: nytimes.com, aarp.com; Updated 3/30/2021
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 MARCH 30, SIXTEEN STATES DO NOT HAVE MASK MANDATES
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 May 1. 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 3/30/2021
Percent of population vaccinated
(3/31/21)
Vaccinated
Fully
vaccinated
United
States
28.9% 16.1%
Canada 12% 1.8%
Mexico 4.9% .7%
Current outbound tender volumes
are 33.98% higher than 2020 and
57.02% 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.
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 3/31/2021
2018-2019
2021
2019-2020
Overall tender rejects are steady at 27%, a 408% increase year-over-year, also as an impact of the recent
severe weather.
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 3/31/2021
Flatbed
Truckload
Refrigerated
The graph below details outbound tender rejects based on length of haul, regardless of mode. All lengths
of haul except long-haul have decreased since our last report.
City/local (< 100 miles): 8%
Short-haul (100-250 miles): 18%
Mid-haul (250-450 miles): 30%
Tweener (450-800 miles): 37%
Long-haul (800+ miles): 30%
Source: FreightWaves; Updated 3/31/2021
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.
TRUCK FREIGHT RECOVERY INDEX
Seasonally adjusted freight
activity edges slightly higher.
The index remains quite
strong at more than double
pre-pandemic levels.
Read more
Source: Truckstop.com Spot Market Insights
Analysis by FTR | Transportation Intelligence
Updated: 3/29/21
RAIL FREIGHT RECOVERY INDEX
Intermodal networks normalizing after recent winter weather-related disruptions. Read more.
Source: Truckstop.com Spot Market Insights
Analysis by FTR | Transportation Intelligence
Updated: 3/17/21
ALWAYS DELIVERING, ALWAYS AHEAD
Schneider FreightPower® delivers expanded, flexible
capacity options for shippers, regardless of market
condition or location. Start harnessing the power of
Schneider FreightPower® today and set your business
up for success.

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April 2, 2021 Shipping, Supply Chain and Transportation Market Update

  • 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. MISS THE LIVE EVENT? WATCH THE ON-DEMAND Watch it now • Benchmark your approach to secure capacity with your peers in an anonymous forum • Understand the effect of freight characteristics on your ability to obtain the capacity you need • Learn how your sites are performing and examples of how shippers used that information to make changes to their freight • The benefits to your organization when carriers covet your freight With the cycles of market disruption becoming more frequent, shippers are finding it increasingly difficult to secure the capacity they need. That’s where freight characteristics come in – is your freight ugly or attractive to drivers?
  • 4. AVOID COSTLY DELAYS: CVSA ROADCHECK WEEK IS COMING, MAY 4-6 The 2021 CVSA International Roadcheck is 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 last year’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 number of carriers and drivers choose not to operate the week of the event and our data shows that each year there is a significant drop in overall available capacity in the marketplace. • Reduced capacity or delays caused by non-compliant drivers or faulty equipment will 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. KEEP FREIGHT MOVING WITH SCHNEIDER FREIGHTPOWER® Schneider FreightPower is an online marketplace that gives you complete freight management. Register today to gain access to easy-to-use features like: • Instantly quote and book Brokerage LTL and truckload freight. • Freight visibility 24/7. • Access to load documents. • Real-time reporting. Get started Quote and book your freight instantly with our self-service portal, Schneider FreightPower.
  • 6. IN THE NEWS: SUEZ CANAL CLEARED, DISRUPTION WILL REMAIN Significant volume moves through the Suez Canal daily; now that the mega-container ship Ever Given has been refloated, experts are predicting major disruption ahead. • East coast import volumes will drop temporarily, then are predicted to surge as delayed ships arrive. • For U.S. importers, container availability may decrease. • As of Friday rates per forty-foot equivalent unit (FEU) were at and near all-time highs; Asia-West Coast rates and Asia-East Coast were at $5,151 per FEU and $5,778 per FEU, respectively, according to the Freightos Baltic Daily Index. Read the article. Source: freightwaves.com; Updated 3/29/2021
  • 7. IN THE NEWS: TERMINAL OPERATORS SAY RAILCAR SCARCITY IS NOW DRIVING LA-LB PORT CONGESTION “Terminal operators say a shortage of intermodal railcars has become the top driver of congestion at the ports of Los Angeles and Long Beach, although western railroads say they are working to push more railcars to Southern California.” • Railcar dwell times have doubled to about 10 days, which indicates railcar shortages have increased dramatically. • Port-related supply chains are overwhelmed due to the seven-month-long spike in US imports from Asia and the resources of all asset providers are stressed. • “Rail containers remained on terminals for 8.6 days, up from 7.9 days in January. Additionally, 55.7 percent of the containers remained on the terminals for more than five days, up from 50.2 percent the month before, PMSA said. Terminal operators tell JOC.com that four days or less is the preferred dwell time for rail containers.” Read the article. Source: joc.com; Updated 3/29/2021
  • 8. COVID-19 CASES RISE FROM TWO WEEKS AGO; STILL FAR BELOW DEC AND JAN LEVELS Source: nytimes.com; Updated 3/31/2021
  • 9. Source: nytimes.com, aarp.com; Updated 3/30/2021 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 MARCH 30, SIXTEEN 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 May 1. 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 3/30/2021 Percent of population vaccinated (3/31/21) Vaccinated Fully vaccinated United States 28.9% 16.1% Canada 12% 1.8% Mexico 4.9% .7%
  • 11. Current outbound tender volumes are 33.98% higher than 2020 and 57.02% 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. 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 3/31/2021 2018-2019 2021 2019-2020
  • 12. Overall tender rejects are steady at 27%, a 408% increase year-over-year, also as an impact of the recent severe weather. 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 3/31/2021 Flatbed Truckload Refrigerated
  • 13. The graph below details outbound tender rejects based on length of haul, regardless of mode. All lengths of haul except long-haul have decreased since our last report. City/local (< 100 miles): 8% Short-haul (100-250 miles): 18% Mid-haul (250-450 miles): 30% Tweener (450-800 miles): 37% Long-haul (800+ miles): 30% Source: FreightWaves; Updated 3/31/2021 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 edges slightly higher. The index remains quite strong at more than double pre-pandemic levels. Read more Source: Truckstop.com Spot Market Insights Analysis by FTR | Transportation Intelligence Updated: 3/29/21
  • 15. RAIL FREIGHT RECOVERY INDEX Intermodal networks normalizing after recent winter weather-related disruptions. Read more. Source: Truckstop.com Spot Market Insights Analysis by FTR | Transportation Intelligence Updated: 3/17/21
  • 16. ALWAYS DELIVERING, ALWAYS AHEAD Schneider FreightPower® delivers expanded, flexible capacity options for shippers, regardless of market condition or location. Start harnessing the power of Schneider FreightPower® today and set your business up for success.