2. FMI (FR8 MARKET INSIGHT) NEWSLETTER

You will gain market knowledge through the biweekly FR8 Market Insight newsletter which will provide market data and insight to promote personal growth, sales, retention, in-house conversations and ignite curiosity about the freight industry. Information shared with shippers will help develop your position as a leader in the industry.

The FMI newsletter will be accessible through your online Sales Training Course account. 

Lesson Summary

The text delves into various facets of the freight industry, discussing import volumes, jobless claims, market insights, and the impact of the pandemic on consumer spending. Key points include:

• Challenges faced by ocean carriers and semiconductor chip shortages affecting freight volume
• The significance of data in making informed business decisions
• Strategies for cost control, such as better coordination and transparency with carriers
• Forecasts to operators for improved service and cost management
• Strategic planning and collaboration to navigate challenges in the trucking industry

The text also projects the state of the freight market for 2021 and 2022, emphasizing:

• Factors like high ocean container rates, shipping capacity constraints, and pent-up imports
• Challenges faced by retailers, potential inflation scenarios, and supply chain issues due to COVID-19
• The need for broader perspectives to understand economic dynamics and predict outcomes

Additional topics covered include:

• The misleading nature of market fluctuations based solely on load volumes from specific sources
• Expectations of challenges in Trans-Pacific cargo flow and potential traffic issues
• Advice for carriers to capitalize on current market conditions and prepare for future changes

The FR8 Market Insight newsletter is detailed, offering data on market trends and personal growth, underscoring:

• Historically high freight volumes and rejection rates
• Influencing factors like consumer spending, supply chain disruptions, and seasonal patterns
• Insights on ocean routes, port congestion, and container dynamics

The broader overview of the US freight movement landscape discusses challenges related to COVID-19, labor shortages, and port congestions, including:

• Freight rejection levels, tender lead times, and inbound ocean shipments
• Impacts of port congestions and rising costs on the industry

Overall, the narrative points to the complexity of the freight industry, suggesting preparedness for disruptions and heightened demand in the future.