Russel Jones, CEO of Cargo Chief, demonstrates C4 platform at MarketWaves 18: automated load-matching technology that levels the playing field among freight brokerages.
Volume continues to slide but there was little change in the market over the past seven days.
The second FreightWaves book, Freight Revolution: the supply chain will never be the same, sponsored by Uber Freight, is now available for download.
2018 may have seen tight capacity and the strongest economy on record since the Great Recession, but what will 2019 look like?
Retention, training, and the capacity crunch are undeniably hot button issues in 2018. In response, SmartDrive and FreightWaves collaborated to distribute a survey to uncover trends in driver incentive programs. The white paper—based on the findings of the survey, which was fielded in Q3 2018—reveals the steps that trucking companies are taking in order to hire and retain qualified drivers and create safer, more profitable organizations.
East coast bound containers from China are getting a pre-holiday discount as shippers increase volume to North America in front of tariff increases.
FreightWaves Chief Economist Ibrahiim Bayaan and FreightWaves Chief Analytics Officer Dean Croke explained what the data is saying about the freight market in this week’s monthly market update.
Demand for flatbeds always drop off this time of year, but is this a sign of a broader industrial slowdown?
Rail seems to be benefiting from higher diesel prices and capacity constraints with SONAR data suggesting more loads are shifting to intermodal in shorter lengths of haul.
Four new inbound truck lanes recently opened at Virginia International Gateway, increasing the capacity at the terminal’s gate complex by 30 percent.
Tender volumes are taking many by surprise, but not those that understand what is happening with the use of ELD’s by small carriers, especially in the dry van segment.
The economic roundup is a monthly summary of the various factors that affect freight demand and supply in the economy. Data releases in August showed an economic that was performing generally well, but softness in housing and trade are likely to impact freight demand.
After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have pulled back slightly before stabilizing in a strong growth range.
The song of 2018 remains the same—and tariffs or no tariffs, it projects to remain so even as infrastructure on the rails and ports expand.
The economy remains strong, and capacity tight, although buffeted by some headwinds.
North American Class 8 truck orders have soared to an all-time high, according to preliminary data from May.
As the trucking industry continues to broadly install and learn to use the ELDs, there are beginning to be large disparities in the way the devices are impacting capacity via mode.
Brokers continue to see more business and higher revenue, according to the latest data compiled by DAT.
After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have finally pulled back slightly, before stabilizing in a strong growth range.
Lanehub is developing a social network where mostly shippers and carriers come together to identify long term efficiencies by aligning their networks—and they just lined up another round of seed funding.
“We are seeing what you are feeling,” says DAT data analytics consultant, Alex Perry.
As capacity tightens, there are two ways fleets and shippers can go: they can add more capacity through acquisition or equipment purchases, or they can tap into existing capacity in a different way. That way might be boosting the rental and dedicated transportation markets.
It wasn’t that long ago that many analysts believed the demise of Blackberry was close at hand. They were so wrong.
When capacity is tight and rates are high, to get the best deals, it pays to be a Preferred Shipper. But what is that, and how do you become one?
The compliance rate for ELDs among fleets sits at 86%, according to the latest rolling survey of 318 fleets by CarrierLists.
A combination of factors continued to drive dry van trailer orders as 2017 came to an end, with December orders up 38% year-over-year, according to FTR.
Losing your job is a painful experience, and buyers of transportation who can’t get things picked up and delivered on time lose their jobs.
According to ACT Research, preliminary North America Classes 5-8 net order data show the industry booked 58,800 units in December, bringing the full-year net order tally to 543,400. That is an 11% improvement over November and 35% above December 2016.
In today’s market carriers have more leverage than ever, and are going to start holding shippers accountable.
Just like everyone else who is familiar with the new regulation and the way that the trucking industry works, we expect that adoption of, and enforcement of, the ELD rule will initially lead to some constraints on trucking capacity. How big will that reduction be and how long will it last is yet to be seen.
ELD fine enforcement hit during peak holiday retail season. Watch out for April’s ‘hard enforcement’ period, which will coincide with increased agricultural and construction demand.
Everyone who is even remotely aware of the trucking industry in the U.S. knows that the ELD rule goes into effect on Monday. Time will tell, but if there are not massive numbers of trucks parked on the side of the road, and shippers are actually able to find trucks to move loads, we will not be surprised.
In a mere seven months, the trucking marketplace has gone from over-capacitized to the most under-capacitized in recent history as the market dynamics have dramatically changed.
A natural disaster can rarely be called a benefit, but there are positives for the transportation industry and its investors from the double hit the nation took from Hurricanes Harvey and Irma. From higher stock prices to higher rates, trucking may be poised to reap many benefits from the storms.
The Shippers Conditions Index has improved slightly in August, although it remains in negative territory, according to the latest update from FTR. At the same time, DAT reported a decline in capacity last week on the spot market, which occurred before Hurricane Harvey struck Texas.
Harvey is the kerosene to accelerate the trends towards a major capacity crunch in the truckload industry. With as much as ten percent of capacity being impacted, combined with surpluss demand coming from relief and rebuilding- the truckload market capacity is expected to be super tight
The National Hurricane Center has seen rapid intensification of Hurricane Harvey today and is now expecting the storm to gather strength before it makes landfall in Texas late Friday/early Saturday morning. The trucking interests are watching the storm closely as its final path and impacts will influence area spot rates, capacity, and fuel costs.
