Greenscreens.ai’s Matthew Silver said with Capacity On Tap, “brokers get all their capacity sources in a single pane of glass without having to reenter data.”
Yellow Corp.’s bankruptcy has created an abrupt decrease in available small-batch trucking capacity, which could cause ripples in the LTL freight market for months to come. Rebalancing capacity won’t happen […]
Uber Freight’s Market Access is an AI-powered algorithm that gives shippers transparent freight pricing and greater control over their procurement stipulations.
AxleHire CEO Adam Bryant says the most significant impact on the carbon footprint will come from the ability to drive more efficient utilization and aggregation processes in last-mile delivery.
Surge Transportation’s Omar Singh discusses the value of offering a robust system of partnerships and offerings outside of the core business model.
Convoy is looking to improve the contracted freight market for small carriers and shippers with forever-evolving freight needs.
Freight brokers and 3PLs should focus on accommodating carriers’ technology needs in order to improve service levels.
All the essential tools for shipping are centralized on Mothership’s dashboard, creating unmatched reliability and efficiency in your final-mile supply chain.
Dupré Logistics, an asset carrier and freight brokerage based in Lafayette, LA, has experienced tremendous growth over the past 5 years and has seen major success. However, their stakeholders knew […]
“We realized we don’t need to make the carrier give us that information to let them see our loads. Instead, let’s give the carriers a platform where they can search loads, even bid on them, without having to provide us all of that info,” Zuum’s product manager told FreightWaves.
Parade’s capacity management solution integrates seamlessly with Tai’s TMS system to help freight brokerages
A strong freight market and manufacturer backlogs have ignited demand for leased equipment from fleets far surpassing supply. This extraordinary demand could continue to outstrip supply well into 2022.
Sourcing capacity will likely prove difficult through at least the first quarter of 2022 as supply and demand struggle to strike a balance during the peak season.
Experts expect demand to continue to outpace supply through at least the first quarter of 2022.
CRST’s dedicated solutions place the individual customer at the focus to add value and maximize service.
Learn how technology and automation can help maximize profits and strengthen your partner relationships at MyBlueGrace.com
FreightWaves partnered with BlueGrace Logistics to survey shippers about their capacity strategies in the current market.
This report provides a review of truckload capacity, demand and rates for the first half of 2021.
Funding from the fifth round of FY 2021 Airport Improvement Program grants
This white paper shares the importance of visibility technology in enabling your resources to do more with their time.
The rise in volumes continues to outpace the rise in rejection rates, and spot rates keep climbing.
To discuss how automation and technology can help drive profitability, FreightWaves and Descartes are partnering to host a live webinar on Tuesday, August 3 at 2pm ET.
Picking up the phone before partnering up can help identify ill-suited broker-shipper relationships and avoid costly mistakes.
Reefer rejection rates tumbled once again over the past week, and the national reefer rejection average is now below 40% for the first time since the second week of September.
Loadshop is a growing digital freight marketplace that continues to expand its capabilities while driving efficiency and transparency for both shippers and carriers
Companies that resist technological innovation or refuse to audit their current systems at this point may be risking more than just favorable rates; they may be risking the viability of their business.
are pumping across the country, but it seems routing guides have finally shown signs of improvement. Pair the declining electronic tenders with declining tender rejections, fewer spot volumes, and both contract and spot rates headed lower, the picture of an improving environment can be visualized.
Freight demand is not going to abate in the next few months, and there will not be any meaningful addition to fleet capacity in the meantime.
Consumer spending tapered off this week, but the savings rate is so high, Americans have a war chest unlike in any recent period. And, inventories remain depleted across many segments, so the freight industry won’t feel the direct brunt of any shift back to services anytime soon.
Zach Strickland, the Sultan of SONAR, talks about what the pandemic did to supply chains.
Service-based spending categories like airlines, lodging and restaurants all were positively impacted by the stimulus, but the top 5 biggest growth segments came in goods. With the roaring consumer economy, blossoming industrial recovery, white-hot housing market and historically depleted inventories, there’s very little outside of severe inflation that could derail this trucking market.
The freight markets have reentered “chaos is business as usual” territory. All the major indices have been eerily calm since the winter storm disruption. Yearly comps are becoming more difficult given the panic buying that shot volumes and rejections up this time last year. Don’t let the weakening comps distract you, this market can’t get much better.
There are many variables converging that will keep upward pressure on spot rates and tender rejections for the coming weeks. Carriers will be able to squeeze extra cents per mile over the next couple of weeks. Assets will come back online sooner rather than later, but volumes are beginning to pick up both seasonally and due to a whipsaw effect from the storm.
High shipping costs are hitting transportation budgets hard.
Outbound freight volumes slowly picking up in markets slammed with record cold and snow last week (with forecast video).
We believe the winter storms tip the scales in carriers’ favor ever so slightly. Freight markets were already imbalanced with seemingly insatiable demand overwhelming already strained carriers, and it’s only February.
This week’s DHL Supply Chain Pricing Power Index: 70 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 65 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 75 (Carriers) […]
The stage is set for a historically strong Q1 for freight with a slow vaccine rollout keeping a lid on services spending, and consumers are flush with recent stimulus as well as the hopes for more to come. The freight bull market rages on to start 2021.
There is a strong pipeline of West Coast imports that should feed those markets well into Q1, but the retail portions will be less time-sensitive post-Christmas. The one factor that may be suppressing volumes in the holiday season is retailers’ decision to slow the velocity of their sales in the face of low inventory levels.
Michael Vincent and Zach Strickland help you understand risk mitigation through market ebbs and flows Headlines Nikola founder Trevor Milton sold about 3 million of his company shares following the […]
We expect strong holiday truckload and parcel demand
driven by a consumer spending portfolio that has been weighted heavily toward goods over services since the pandemic began. We believe that we are now in peak season and that shippers’ requests for trucking capacity will continue to rise.
This week’s DHL Supply Chain Pricing Power Index: 80 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 75 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 65 (Carriers) […]
Join FreightWaves and Kuebix on Tuesday, October 27 at 2pm ET for an hour-long webinar where we will discuss how you can prepare yourself with tips and actionable ideas to help you master the 2020 peak capacity season.
Carriers are rejecting as much freight now than at any point in the past three years. Spot rates poised to break $3/mile on a national level.
Spot rates out of LA and Dallas are remarkably high and the tight capacity in those markets is driving the freight cycle.
Buckle up, folks, this should be good. Volumes are gushing and rates pushing higher.
This webinar will discuss how technology can help brokers build trust with their carriers and secure reliable capacity.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truck capacity tight near Mexican border; drugs found in shipments of ketchup and onions; DHL opens new foreign trade zone in El Paso; and Commerce opens inquiry aimed at Mexican wire mesh.
The Independence Day holiday disrupted both our OTVI and OTRI this week. Volumes are poised to bounce back and remain elevated after the moving average distortion is over.
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.
The carriers gained pricing power this week on the back of surging volumes. Capacity remains loose although tightening each of the past five weeks.
This week the carriers gain some pricing power on the back of surging volumes. Tender rejections are beginning to show signs of life and spot rates are up in most markets.
National volumes and tender rejections have been roughly flat for the past week. There is no change in the DHL Supply Chain Pricing Power Index this week. Shippers remain in dominant pricing power position.
The shippers are in the strongest pricing power position in the DHL Supply Chain Pricing Power Index history, but for all the wrong reasons. Volumes are stable, but well below normal levels, and tender rejections are at the lowest level in the index’s 3-year history.
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.
Zach and Anthony talk about the latest coronavirus developments on transportation, the main functions of a freight forwarder and recent economic developments.
The carriers gained pricing power this week as volumes jumped over 6%, capacity tightened slightly and spot rates increased across the country.
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.
The ramifications of 2019 will come in the form of shrinking capacity, pushing rates up as supply falls to meet demand instead of dwarfing it.
New fleet growth is slowing while used truck prices collapse. Is this the first sign of contracting trucking capacity?
If container carriers refrain from adding too much capacity, transpacific freight rates may rise in coming months, says Drewry Shipping Consultants.
To discuss the ways that brokers can work to outperform their peers and gain traction in periods of high capacity, FreightWaves and Transflo are partnering to present an hour-long webinar on Thursday, November 7 at 2pm ET.
FreightWaves CEO Craig Fuller and associate editor JP Hampstead recap the week in freight.
Airlines use a lot of skills to maximize freighter and wide-body space for cargo
FourKites has introduced a new analysis tool to help shippers identify unused capacity in their trailers.
Introducing an app-based visibility solution could be the answer to shoddy tracking updates.
July PPI data showed another decline in trucking rates as yearly growth will likely turn negative soon.
Cathay Pacific is the latest in a string of airlines to cite trade tensions as the reason for plummeting cargo segments.
On this historic headhaul edition of WTT?!?, Emily Szink joins Dooner as they cover breaking news on the oil tanker seized by Iran, protests in Mexico, what’s up with capacity […]
2019 is shaping up to be the worst year for trucking in the past five years.
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
The mandatory adoption of electronic logging devices (ELDs) has given decision-makers the ability to access a wealth of data they never knew they needed. The tough part is attempting to sift through and draw insights from that data.
Capacity normally tightens into the holiday weekend, but this Memorial Day is nothing like the previous years.
Freight volumes should be increasing heading towards Memorial Day weekend, but they are headed the other direction as shippers take a pause over tariff concerns.
Freight volumes continue to increase steadily with no real implications to rates yet. Mother’s Day flower season hits Miami.
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
Freight volumes recover from Easter lull as volumes are flat from a year-over-year perspective. Comparing load volumes is not the whole story, however.
National freight volumes took a nosedive this week as Easter had a decent impact on the freight market, but how much of the drop is related to the holiday?
Both companies share a common goal – giving small companies the leverage they need to play in the big leagues.
Capacity is still being added to the market. Truck orders numbers for both new and used models support this.
Job growth rebounded nicely in March as employers added nearly 200,000 workers to payrolls during the month. This strength in hiring did not translate to the trucking industry however, where payrolls declined for the first time in nearly a year.
Schneider Logistics published its 2019 Transportation Industry Review, arming shippers with the information they need to make short- and long-term distribution plans, budget freight costs and provide industry context to their broader audiences.
Choptank Transport is on a mission to turn its remaining manual processes into more efficient digital strategies. The quick-growing logistics service provider is hopeful that the transformation will bring revenue growth and help scale the business.
Data on producer prices shows that overall inflation pressure eased further in February, as a gain in goods prices was restrained by the service sector. Industry detail showed that overall trucking rates declined in February, led by the largest decline in long-distance truckload rates in four years.
National freight volumes are flat year-over-year, but capacity is as loose as ever. What is driving the discrepancy?
Market volumes have increased significantly over the past several days, bringing national levels to those similar to early March of 2018 when the market was thought to be more active. The data tells us one aggregate value cannot tell the whole story.
The overall market remains relatively stable as volume dip below 2018 levels in two major markets. Spring is around the corner. Will freight volumes return with it?
The transportation giant will be using cloud-based software applications Load Track and Smart Capacity to improve its processes and make working with Schneider’s logistics division as seamless as possible for carriers and drivers.
So far this February has been what we would expect. Does the normally slow month have any surprises up its sleeves?
Driver detention has plagued the trucking industry for years. Now that the electronic logging device (ELD) mandate is in effect and fleets are decked out with more technology than ever, carriers have a better view of just how much detention is costing them.
Volumes and capacity remain flat through the first week of February. Has the freight market weathered the slowest part of the year?
Autonomous truck technology has the potential to change the cost structure of the carrier industry. A McKinsey & Company report said that a fully autonomous trucking market would cut operating costs by 45 percent, saving carrier companies between $85 billion and $125 billion annually.
The two Super Bowl teams and their fanbases are very different, just like their freight market identities.
Freight volumes recover as January closes. The artic air freezes the Midwest as the Chicago market heats up.
Last week had the largest single day percentage drop in volume since March of 2018. Capacity remained stable as we ride out the winter doldrums.
In the midst of the driver shortage and a growing economy, technology can be invaluable to brokers at third-party logistics providers working to secure reliable capacity for their customers.
Capacity is abundant even though volume is relatively strong. Carriers are having little trouble covering the available freight making it a shippers’ paradise in mid-January.
The New Year has started off with a surprising amount of volume in the freight market. So far, capacity has been available to handle it. The tariff deadline extension may be providing a second wind.
It’s that time of year; time to look forward and plan for the year. In order to have a better idea of where the economy and industry are headed, we always like to look back and review from where we came and what happened.
The freight market has softened significantly in the last few months, but it is not due to a drastic reduction in volume.
