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Zach Strickland, FW Market Expert & Market Analyst

Zach Strickland, the “Sultan of SONAR,” curates the weekly market update. Zach is also one of FreightWaves’ Market Experts. With a degree in Finance, Strickland spent the early part of his career in banking before transitioning to transportation in various roles and segments, such as truckload and LTL. He has over 13 years of transportation experience, specializing in data, pricing, and analytics.
Oct - 2020 -
24 October
Zach Strickland, FW Market Expert & Market Analyst

Reefer outpacing van growth in second half of 2020

Reefer carrier revenues are expanding rapidly as capacity tightens faster for the temperature-controlled segment of trucking.

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17 October
Zach Strickland, FW Market Expert & Market Analyst

Carriers purchasing trailers over tractors during booming freight market

Carriers are investing in new trailers over tractors during the most recent freight boom. What does this mean for capacity in the future?

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08 October
Zach Strickland, FW Market Expert & Market Analyst

How long will the import boom last?

Anthony and Zach bring on Maritime expert Henry Byers to discuss the near- and long-term impacts to the domestic freight market resulting from the record-breaking influx of shipments from Asia.

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03 October
Zach Strickland, FW Market Expert & Market Analyst

Will we see double-digit rate increases in transportation in 2021?

Trucking spot rates are averaging well over what they were a year ago implying many shippers will see rates increase next year. How much will it be?

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Sep - 2020 -
26 September
Zach Strickland, FW Market Expert & Market Analyst

Are spot rates peaking before the peak?

Transportation costs are hitting record levels as companies struggle to grab capacity amidst an unusually early peak season.

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24 September
Zach Strickland, FW Market Expert & Market Analyst

Could driver recruitment issues keep trucking rates elevated?

Anthony and Zach talk about driver retention and recruitment issues and how they will contribute to keeping the spot market for trucking active through the rest of 2020.

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19 September
Zach Strickland, FW Market Expert & Market Analyst

Intermodal rates go off the rails

Shippers are willing to pay more to put freight on the rail just to get it moving out of Los Angeles.

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05 September
Zach Strickland, FW Market Expert & Market Analyst

Driver exits could extend capacity crunch

As trucking capacity tightens and spot rates rise, driver turnover increases. Are some of them leaving the industry for good?

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03 September
Zach Strickland, FW Market Expert & Market Analyst

Getting to the root of the problem!

Zach and Anthony cover the latest in the freight economy. Special guest and Senior Economist Dustin Jalbert joins to discuss the lumber market.

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Aug - 2020 -
29 August
Zach Strickland, FW Market Expert & Market Analyst

Tight trucking market may hamstring Laura recovery effort

Hurricane Laura hit at a time when trucking capacity is unusually tight, a fact that may hinder the recovery efforts.

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27 August
Zach Strickland, FW Market Expert & Market Analyst

In the trenches

Anthony and Zach discuss the potential impact of Hurricane Laura to the freight market and bring on special guest Chris Bryant, a flatbed owner-operator, for insight on what is happening on the road.

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22 August
Zach Strickland, FW Market Expert & Market Analyst

Ocean volumes lead domestic freight charge

Freight is getting crammed into the U.S. West Coast as fast as carriers can pick it up. How long will it last?

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20 August
Zach Strickland, FW Market Expert & Market Analyst

How long will the bull run?

Joined by special guest Zac Rogers, Anthony and Zach discuss the current freight market’s propensity to overachieve over the past few months and explore reasons why that will persist or crumble.

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15 August
Zach Strickland, FW Market Expert & Market Analyst

Will capacity return to trucking?

The last time capacity tightened to this level, capacity flooded the trucking space. Will the same outcome occur in 2020?

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08 August
Zach Strickland, FW Market Expert & Market Analyst

Wait times plummet as capacity tightens

Wait times have fallen as as shippers compete for capacity. What is the connection between capacity and detention?

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01 August
Zach Strickland, FW Market Expert & Market Analyst

Freight volumes could go higher in August

Volumes have recovered faster than many expected leading to many transportation companies posting earnings beats in Q2. There are no signs of slowing into August.

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Jul - 2020 -
25 July
Zach Strickland, FW Market Expert & Market Analyst

Watch out trucking, industrial sector has a pulse

Chart of the Week: Total Rail Carloads, Chemical Rail Carloads, Motor Vehicle Rail Carloads – USA  SONAR: RTOTC.USA, RTOCH.USA, RTOMV.USA The latest rail carload data is showing that the industrial side of […]

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Zach Strickland, FW Market Expert & Market Analyst

The takeaway from the nation’s largest carrier beating the street

Anthony and Zach discuss the Knight-Swift earnings and what they mean for the freight economy. Anthony gives an economic update and Zach talks about the continued unexpected strength of freight volumes in the U.S.

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18 July
Zach Strickland, FW Market Expert & Market Analyst

Supply chain shuffle keeps capacity tight

Companies are cramming warehouses full of freight as they change their supply chains to better suit the post COVID-19 world. Trucking capacity tightens as a result.

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17 July
Zach Strickland, FW Market Expert & Market Analyst

No Vacancy

Anthony and Zach talk about the impact of Roadcheck week on the freight market and bring on Zac Rogers to discuss the latest Logistics Manager’s Index results showing increasing transportation prices along with declining warehouse capacity, a pattern eerily similar to 2018.

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11 July
Zach Strickland, FW Market Expert & Market Analyst

Shipping volatility causes major disruption to carrier networks

The erratic nature of the economic recovery has dramatically changed shipping behavior, which has strained carrier networks.

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08 July
Zach Strickland, FW Market Expert & Market Analyst

How will resurging COVID-19 cases affect supply chains?

Anthony and Zach talk to Chris Wolfe, CEO of PowerFleet, about how COVID-19 has impacted supply chains and what the resurgence in cases may do to inhibit their recovery.

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04 July
Zach Strickland, FW Market Expert & Market Analyst

The freight-rollercoaster continues for trucking

Capacity is almost as tight as it was during the panic buying inspired March. Could it get tighter?

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02 July
Zach Strickland, FW Market Expert & Market Analyst

How sustainable are current trucking volumes?

Anthony and Zach discuss the booming freight market and reasons why it will or will not sustain into July as well as the implications for the new insurance bill and […]

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Jun - 2020 -
27 June
Zach Strickland, FW Market Expert & Market Analyst

Southern California has become the hub for the domestic freight market

Southern California has become the hot spot for freight in the post COVID-19 freight market. Could it be the region to tell us what’s next?

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25 June
Zach Strickland, FW Market Expert & Market Analyst

Planes, trains, ships and trucks: What each mode is telling us about the economic recovery

Anthony and Zach talk to rail and intermodal expert Mike Baudendistel about some interesting signals from that sector as well as connecting the dots between modes.

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20 June
Zach Strickland, FW Market Expert & Market Analyst

Cass Truckload Linehaul Index implies 2020 may get tougher for many carriers

A decline in contract rates that were implemented prior to the COVID-19 outbreak may make this year tighter for carriers.

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18 June
Zach Strickland, FW Market Expert & Market Analyst

Who is driving freight rates in 2020?

Anthony and Zach discuss the dynamic between the spot and contract market as rates continue their wild ride in 2020. Do carriers, brokers or shippers control the spot market?

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13 June
Zach Strickland, FW Market Expert & Market Analyst

2018 was worse than 2020 for trucking

A lot of the recent struggles for carriers originated in what many consider to be the most profitable year.

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11 June
Zach Strickland, FW Market Expert & Market Analyst

What goes down, must come up… Wait, no.

Anthony and Zach discuss the hours of service exemption, consumer prices, and other recent macroeconomic releases. Dr. Zac Rogers makes an appearance to review the latest LMI findings and the direction of the logistics industry.

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06 June
Zach Strickland, FW Market Expert & Market Analyst

Good signs for trucking from produce?

Produce season has arrived, pushing rates higher than 2019 in many areas. Will this impact the rest of the country’s capacity?

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04 June
Zach Strickland, FW Market Expert & Market Analyst

Are production numbers lagging or leading the freight market’s recovery?

Anthony and Zach discuss what to make of the subtle increase for the May PMI and orders, while domestic freight volumes surge. Also, produce season pushes agricultural rates over 2019.

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May - 2020 -
28 May
Zach Strickland, FW Market Expert & Market Analyst

The housing and home improvement sector’s over-achievement driving optimism for recovery

Anthony and Zach discuss the surprisingly rapid recovery in the housing/home improvement sector of the economy and whether it has sustainability.

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23 May
Zach Strickland, FW Market Expert & Market Analyst

Nondurables showing more resilience as imports continue decline

Imports of nondurable goods are outperforming durable goods imports this month, which may indicate warehouses are full of their durable counterparts due to lack of demand.

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16 May
Zach Strickland, FW Market Expert & Market Analyst

Are freight volumes here to stay? The great debate continues

Chart of the Week: Outbound Tender Volume Index– USA SONAR: OTVI.USA After experiencing one of the most volatile periods in history over the past two months, freight market volumes have recovered to […]

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15 May
Zach Strickland, FW Market Expert & Market Analyst

Perspectives Throughout the Industry

Zach and Anthony go over the latest economic trends within the freight industry and bring on special guest, Zac Rogers to breakdown the Logistics Managers Index and his analysis of how the COVID-19 pandemic is effecting the industry.

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09 May
Zach Strickland, FW Market Expert & Market Analyst

Reefer capacity begins to tighten; could van follow?

Reefer capacity has started to show early signs of tightening after experiencing the loosest conditions in years in April. Will van capacity follow suit?

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02 May
Zach Strickland, FW Market Expert & Market Analyst

Could surging Chinese imports signal a full freight recovery?

Chinese imports have fully recovered. Does this mean the domestic trucking market will see a similar outcome?

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01 May
Zach Strickland, FW Market Expert & Market Analyst

The worst has yet to come for carrier financials and GDP

Zach and Anthony review some of the latest company earnings and a major economic releases which have yet to reveal the full story of the COVID-19 impact on the freight economy.

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Apr - 2020 -
25 April
Zach Strickland, FW Market Expert & Market Analyst

The first quarter could have been worse for many carriers without the pandemic

Many expected a worse outcome for carriers in March as a result of the COVID-19 outbreak. Ironically, the pandemic may have padded some 1Q results.

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23 April
Zach Strickland, FW Market Expert & Market Analyst

Not so fast, my friend

Anthony and Zach break down the Knight-Swift and Heartland earnings; slowing decline of freight rates and volumes and what the rise in imports mean for the recovery.

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16 April
Zach Strickland, FW Market Expert & Market Analyst

What to glean from J.B. Hunt’s surprisingly OK 1Q results, Cass, and disappointing retail sales

Anthony and Zach discuss what to make of the first major U.S. carrier to report earnings during the COVID-19 outbreak along with the recent Cass, industrial production and retail releases.

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11 April
Zach Strickland, FW Market Expert & Market Analyst

Could maritime rate increase from China signal recovery for domestic trucking?

The maritime shipping companies have been able to increase their rates amidst the COVID-19 induced shut down. Is this a sign of things to come for domestic carriers?

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09 April
Zach Strickland, FW Market Expert & Market Analyst

How the COVID-19 outbreak is hitting supply chains

Anthony and Zach have special guests Former Flex CEO and current strategic adviser to Clear A.I. Mike McNamara and FreightWaves Chief Strategy Officer JT Engstrom on to discuss coronavirus’ impact on various pieces of global supply chains and give an update on how the economy and freight market are reacting domestically.

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03 April
Zach Strickland, FW Market Expert & Market Analyst

Every day is a new day

Anthony and Zach discuss the swelling unemployment numbers as well as the plummeting freight volumes and what the endgame might look like for the COVID-19 outbreak.

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Mar - 2020 -
28 March
Zach Strickland, FW Market Expert & Market Analyst

Air cargo rates spike amid COVID-19 pandemic

Air cargo rates spike in the wake of the coronavirus outbreak. Medical supplies are in high demand while much of the air capacity is grounded.

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26 March
Zach Strickland, FW Market Expert & Market Analyst

Will the cure be worse than the disease?

With unemployment levels skyrocketing and a stimulus package on the table, Anthony and Zach are joined by Andrew Cox as they debate how the U.S. should handle the COVID-19 outbreak as a country economically, as a business, and as an individual.

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21 March
Zach Strickland, FW Market Expert & Market Analyst

Load rejections signal tightest market since 2018, but for how long?

Trucking capacity is the tightest it has been in 17 months thanks to the surging volumes, but all signs point to this being a short-lived event.

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14 March
13 March
Zach Strickland, FW Market Expert & Market Analyst

How the financial markets move transportation

Anthony and Zach bring in former fund manager Seth Holm to discuss how the volatile equities markets can hit the world of transportation and trucking.

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07 March
Zach Strickland, FW Market Expert & Market Analyst

Trucking volumes spike despite— because of—coronavirus concerns (with video)

Chart of the Week:  Outbound Tender Volume Index – USA  SONAR: OTVI.USA  People have been clearing store shelves in parts of the country as if they were preparing for a […]

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06 March
Zach Strickland, FW Market Expert & Market Analyst

Coronavirus update and the main functions of a freight forwarder

Zach and Anthony talk about the latest coronavirus developments on transportation, the main functions of a freight forwarder and recent economic developments.

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Feb - 2020 -
26 February
Zach Strickland, FW Market Expert & Market Analyst

What drives trucking rates

Anthony and Zach explain the primary cost drivers of operating a trucking company and the market influences that drive the pricing volatility on both contracted and transactional freight movements. Also, an update on the coronavirus situation and what we are seeing in the economy today that may affect your life tomorrow.

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22 February
Zach Strickland, FW Market Expert & Market Analyst

Growth in long haul freight will drive tighter trucking market in 2020

Not only were volumes lower in 2019, but they traveled less miles, which compounded the impact of oversupply. Volumes have not recovered, but something else has changed that may help carriers this year.

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20 February
Zach Strickland, FW Market Expert & Market Analyst

How the spot market moves the freight economy

Spot freight may only account for 10-20% of total freight moved in the U.S., but its activity paints the picture of the entire freight market. Tom Mallon joins to discuss the direction of rates in 2020. Also; Coronavirus update along with the current state of the market as well as recent economic releases.

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08 February
Zach Strickland, FW Market Expert & Market Analyst

Diesel prices provide an unexpected boost for carriers this off-season

Diesel costs were supposed to make 2020 more difficult for struggling carriers, but wholesale fuel prices have fallen rapidly, which should help carriers in the slow season.

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05 February
Zach Strickland, FW Market Expert & Market Analyst

The Trailer Talk

Anthony and Zach, along with special guest Donny Gilbert, take a deeper dive into the freight market trailer pool and discuss the types of freight they haul, their characteristics, and their place in the broader market. Additional topics include another California regulation, coronavirus, and the surprising jump in the PMI.

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01 February
Zach Strickland, FW Market Expert & Market Analyst

Coronavirus may give trucking another headache

The coronavirus is having a far-reaching impact across the globe. The timing may make things worse for domestic trucking.

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Jan - 2020 -
29 January
Zach Strickland, FW Market Expert & Market Analyst

What is LTL?

Anthony and Zach break down the less-than-truckload sector and talk about its connection with truckload along with giving a quick update on the latest economic and freight market trends.

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25 January
Zach Strickland, FW Market Expert & Market Analyst

Reefer demand is thriving this winter

Reefer volumes have broken out this winter as dry van demand fades. Does this mean the sector is in for a strong recovery in 2020?

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22 January
Zach Strickland, FW Market Expert & Market Analyst

Is this the new normal?

Anthony, Zach, and special guest Kyle Lintner from K-Ratio discuss how the freight market is disconnected from the general economy; are we truly out of a freight recession; and how Freight Futures work.

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17 January
Zach Strickland, FW Market Expert & Market Analyst

New and smaller fleet growth stalls after rough 2019

New fleet growth is slowing while used truck prices collapse. Is this the first sign of contracting trucking capacity?

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15 January
Zach Strickland, FW Market Expert & Market Analyst

Straight Outta California

Zach and Anthony discuss the characteristics of the California freight market, the unintended consequences from regulations and the economic impacts from them.

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11 January
Zach Strickland, FW Market Expert & Market Analyst

California volumes collapse, capacity tightens in front of AB5; is it a coincidence?

California’s AB5 has caused significant disruption prior to the planned enforcement period. Has there been a measurable impact to the supply of carriers in the state?

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08 January
Zach Strickland, FW Market Expert & Market Analyst

January is the Monday of the year

Zach and Anthony discuss why January is so difficult to manage and why this one may be different for trucking; FMCSA and AB5 hangups; and give a economic and market update as well as projections.

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05 January
Zach Strickland, FW Market Expert & Market Analyst

How shippers should manage their bids

Market Expert Zach Strickland provides timely advice for shippers that need to choose either a carrier or a 3PL.

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04 January
Zach Strickland, FW Market Expert & Market Analyst

Drivers are safer but insurance costs continue to rise

Insurance premiums are a growing concern in the trucking industry, even as statistics show reduced incidents. What is driving the soaring insurance costs?

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Dec - 2019 -
28 December
21 December
Zach Strickland, FW Market Expert & Market Analyst

2019 closing on a strong note for trucking, but will it last?

The truckload sector has had a breakout December thanks to a booming holiday peak. Is this a signal of a long-term shift to the over-supplied freight market?

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18 December
Zach Strickland, FW Market Expert & Market Analyst

Die Hard is not a Christmas movie and other supply side corrections

Anthony and Zach discuss what will trim the fat in the oversupplied trucking market as well as talk about why Intermodal has not materialized as the savior of the rail volumes with Mike Baudendistel.

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14 December
Zach Strickland, FW Market Expert & Market Analyst

Celadon shutdown was a product of two freight recessions

Chart of the Week: 3-Year-Old Used Truck Prices – USA, Cass Freight Shipments Index – USA SONAR: UT3.USA, CFIS.USA At this point the news and story of Celadon, the largest truckload failure […]

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11 December
Zach Strickland, FW Market Expert & Market Analyst

What’s 10th century Korean pottery got to do with it? – Freightonomics [podcast]

Anthony and Zach discuss the recent Celadon shutdown and how it lines up with current freight market conditions; a disappointing manufacturing sector; consumers appear to be on another spending spree funded by debt.

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07 December
Zach Strickland, FW Market Expert & Market Analyst

E-commerce kills efficiency as carrier miles decline

The rise of e-commerce has increased the amount of low mileage freight, but that comes at an unexpected cost to shippers.

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Nov - 2019 -
30 November
Zach Strickland, FW Market Expert & Market Analyst

Empty container movements signal freight shift to the East Coast

West Coast freight volumes have been robust in 2019, but empty rail containers signal that the balance is shifting east heading into 2020.

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23 November
Zach Strickland, FW Market Expert & Market Analyst

Housing starts to build hope for downtrodden freight market

The housing and construction sectors are showing signs of life, giving truckers a rare hint of optimism for the coming months.

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16 November
Zach Strickland, FW Market Expert & Market Analyst

Reefer demand spikes as temperatures drop

Reefer demand jumps in contrast to the general freight market, despite much colder temps across the U.S.

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09 November
Zach Strickland, FW Market Expert & Market Analyst

West coast volumes crash in all modes

Freight volumes fell off a cliff at the end of October. Is this yet another reason for concern that the market may slow even further?

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02 November
Oct - 2019 -
27 October
Zach Strickland, FW Market Expert & Market Analyst

Reefer volumes trick while dry van treats

Reefer volumes have declined in 2019 as shippers have taken advantage of cheap van rates, but declining production and trade wars have hurt the cause as well.

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19 October
Zach Strickland, FW Market Expert & Market Analyst

Peak retail season looks awfully ‘flat’

Retail is expected to be the great savior of the 4th quarter economy. Hopefully retaill shipment volumes are not an indication of things to come.

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12 October
Zach Strickland, FW Market Expert & Market Analyst

Freight volumes fall to new heights

Freight volumes took a nosedive to this past week, which led to the biggest difference in annual freight volumes this year.

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07 October
Sep - 2019 -
28 September
Zach Strickland, FW Market Expert & Market Analyst

Rail volumes decline as trucking recovers

Trucking volumes are up YoY, while rail intermodal volumes have fallen. Now may be the time for long time competitors to explore new partnerships.

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21 September
17 September
Zach Strickland, FW Market Expert & Market Analyst

Small carriers expanding fleets as large carriers reduce tractor counts

Smaller carriers are snatching up the big carrier’s excess truck supply, even in a softer year. The reason is not obvious.

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06 September
Zach Strickland, FW Market Expert & Market Analyst

Trucking utilization improves while prices remain suppressed

Carriers are having less trouble keeping their drivers busy over the past month, but that has not quite translated to increased prices.

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Aug - 2019 -
31 August
Zach Strickland, FW Market Expert & Market Analyst

Why 2019 has been the worst year for trucking operators

2019 has been more challenging for trucking companies than any other non-recession year. Here is why.

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26 August
24 August
Zach Strickland, FW Market Expert & Market Analyst

Has the Freight Recession ended?

After a disappointing first half of 2019, the freight market finally appears to be heading another direction.

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17 August
Zach Strickland, FW Market Expert & Market Analyst

Freight volumes shift to the east coast as companies attempt to navigate the trade war

The trade war with China has altered international shipping patterns, which has started to shift freight volumes to the East Coast.

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10 August
Zach Strickland, FW Market Expert & Market Analyst

Average price of diesel has become a solid barometer for freight activity, here is why

The price of diesel fuel has an obvious impact on transportation providers costs, but it also can give insight into demand for their services.

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Jul - 2019 -
27 July
Zach Strickland, FW Market Expert & Market Analyst

California’s spring produce season winds down, a shadow of previous two years

California’s produce shipments can wreak havoc on trucking capacity in the spring. This year’s season was s shell of the previous two.

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20 July
Zach Strickland, FW Market Expert & Market Analyst

Trucking spot market underperforms expectations by 10% in June

The volatile 2018 freight market is still being felt throughout the nations trucking industry. The freight futures settlement

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13 July
Zach Strickland, FW Market Expert & Market Analyst

July diesel tax increase squeezes small carriers in the Midwest

Diesel prices jumped in the Midwest this month due to a significant tax increase. Small carriers will have to adjust to keep costs down and maintain business.

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