The continuation of panic buying and restocking has swung the DHL Supply Chain Pricing Power Index violently to the upside. Carriers are now in dominant pricing power position for the first time since we began this series in September.
American consumers are panic buying goods from every aisle. To meet this spike in demand, shippers must procure trucking capacity at higher-than-contracted rates creating a significant 15 point swing to the carriers.
Nuclear verdicts have been a rising phenomenon in the trucking industry over the past decade. Are large lawsuits the cost of doing business, or is there a way to defend against them?
Join this webinar, featuring Prasad Gollapalli, Founder and CEO of Trucker Tools and Tom Curee, Senior Vice President of Strategy and Innovation at Kingsgate Logistics, for insights into the secrets behind a successful, all-in-one, multi-party “lifestyle” app for drivers, the “here and now” promise of automated freight matching and booking, and keys to technology and operating strategies to succeed in today’s fast-changing brokerage market.
The carriers gained pricing power this week as volumes jumped over 6%, capacity tightened slightly and spot rates increased across the country.
The saying “time is money” could never be more true than in the world of carriers and 3PLs. Join FreightWaves and Microdea for a one-hour webinar on Wednesday, March 18 at 2 pm ET. and learn how technology solutions are eliminating the “dead time” between delivering a load and billing.
The coronavirus has made its first impact upon the American economy – the stock market. The novel virus is also impacting import volumes from China and the effect will quickly trickle into the trucking market. It has not yet, but will soon. This week, spot rates bounced back slightly with a bump in outbound volumes. Capacity remains very loose.
This week, the shippers gain pricing power for the 5th time in the first seven weeks of 2020. Volumes are flat, rejection rates are low and rates are even lower.
The Truckload Carriers Association (TCA) will bring an opportunity for education and networking to for-hire carriers, private fleets, associates and driver-training school members, as well as prospects, next month.
In a monotonous week in the freight industry, we believe neither the shippers nor carriers gained any pricing power.
Shippers gain another 5 points of pricing power in this week’s DHL Supply Chain Pricing Power Index.
Despite strong economic data in favor of the carriers, flat volumes and loosening capacity garners a power grab by the shippers.
Outbound volumes and rejections were horizontal this week. Target’s poor earnings are not enough for us to believe the retail sector is in danger of a slowdown, but it is slightly alarming.
In the second DHL Supply Chain Pricing Power Index of 2020, the shippers gain power for the first time in 7 weeks. Look for the shippers to continue gaining power for the next few weeks.
A better than expected holiday season, the tightest capacity of the year and shippers rushing to get inventory off their shelves putting upward pressure on rates.
First, we hit you with some of the latest headlines. Heniff Transportation and Superior Bulk Logistics are set to merge. Ohio-based GDS Express abruptly ceases operations. Rising wrestling star, Matt […]
Tender rejections above 10 for the first time in 2019, volumes are holding and holiday rates are cheery.
Momentum for carriers holding as volumes, rejections and rates are moving in their favor.
Increased rates and signs of capacity slowly leaving the market continues the power shift towards carriers.
According to CEO, the biggest problems freight brokers face are visibility and ‘one-load wonders.’
Set to go live on Jan. 6, 2020, the drug & alcohol clearinghouse will change the way truck drivers and carriers monitor drug testing.
The DHL Supply Chain Pricing Power Index moves towards the carriers for the first time since early September.
No good news for carriers besides a slight surge in volumes leading into the late Thanksgiving holiday.
Mixed economic data and lower volumes prompt no movement in this week’s DHL Supply Chain Pricing Power Index.
Third-quarter earnings reports and economic data swing in carriers’ direction, but not enough to move the needle in this week’s DHL Supply Chain Pricing Power Index.
Slight rallies in volumes and rejections not enough to keep power from shifting further towards shippers.
More carriers install ELDs as compliance deadline nears.
Carrier411 monitors trucking companies to rate their safety and performance protecting brokers from unsafe carriers.
Fisher is excited to see advancements in technology increase supply chain visibility and value creation.
Noel Perry heads Transport Futures in Harrisburg, Pennsylvania. In addition, he heads Transportation Economics, a consulting company focused on strategy, market research and forecasting for the North American freight transport […]
Larger shippers must think beyond the short-term peaks and valleys.
Power swings five points in favor of the shippers, but momentum building for carriers leading into holiday season.
Transplace’s 2019 Carrier Symposium in Dallas discussed the latest topics impacting the carrier industry, including both capacity excesses and shortages, ELDs, regulatory changes, and driver issues. Frank McGuigan, chief executive […]
The weekly FreightWaves Pricing Power Index jumps 10 points in favor of carriers.
The FreightWaves Pricing Power Index is a new weekly feature that highlights the balance of power between shippers and carriers.
The Commercial Customs Operations Advisory Committee (COAC) on Aug. 21 approved a recommendation for Customs and Border Protection to allow carriers to assume liability for initial in-bond shipments, where the […]
Estimates of how many owner-operators are in the market is often inflated by 200 or 300 percent. This means at some point freight brokers will have to focus on larger […]
This webinar will focus on how technology can enable brokers to streamline processes and build stronger relationships with their carrier partners.
This webinar will feature data-driven profitability strategies that will help you take your carrier operations to the next level.
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.
Over 90 percent of small carriers that have not made the switch to electronic logging devices (ELDs) yet plan to stick with their old devices until the last quarter of 2019.
Spot rates have fallen back to 2017 levels, but costs are still on the rise for carriers. Plus, ocean container rates increased on July 1st from China to the U.S.
Where are the opportunities on the west and east coast? Plus, results from our survey of those shifting from AOBRDs to ELDs.
We’ve got some intra-regional analysis for what’s happening especially in the west, and where some sure bets are.
Michael Lewis wrote “Moneyball” about the tactics Billy Beane used to improve the Oakland A’s. Read Zach Strickland’s take on using moneyball tactics in the freight market.
The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.
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.
Fr8Hub recently announced that it will expand its services to provide domestic freight matching throughout Mexico, connecting shippers with available carriers throughout the country. The Fr8Hub carrier network currently features […]
Input from transportation partners shaped food giant’s distribution centers, with the aim of keeping drivers there are little as possible.
Lakefront Futures & Options will be marketing Trucking Freight Futures through its new Trucking Derivatives Group. Read the article and learn more about Trucking Freight Futures and Lakefront Futures & Options.
Small carrier profits are about to be pressured by a large government organization and it’s not the FMCSA, DOT, or CVSA.
Today on FreightWaves NOW, we talk to brokers, carriers, shippers, and even look at the maritime outlook from a global perspective. Where are volumes and rates heading Taco Tuesday, June 4?
Today on FreightWaves NOW, we give you quick hitters on volumes, the headhaul index, and a look at the latest consumer spending. Something here for carriers, brokers, and shippers.
How you pay your carriers is critical to maintaining a loyal carrier base.
FreightWaves CEO Craig Fuller assesses current conditions impacting trucking and outlines what is ahead for the industry.
Market expert Charley Dehoney explores how freight brokers can stay relevant in a rapidly changing environment.
Making carriers more productive is good business for Arrive Logistics.
Market expert Brian Aoaeh writes about the impact of market disruption on the freight brokerage sector. Learn how Amazon, artificial intelligence, machine learning and other disruptors will change the business…
BlackBuck has raised a total of $285.2 million till date and is looking to expand its services across India, without worrying much into its growing losses.
Big data is opening up opportunities for shippers of all sizes, and used properly, it can help reduce shipping rates and improve customer service.
Sponsored by Redwood LogisticsThe deployment of technology solutions requires many steps, but using a provider that offers an open systems architecture approach can help ease the transition, eliminating both time and cost.
Freight Alley in Chattanooga was the scene on the afternoon of February 21, when executives from FreightWaves, Nodal Exchange, DAT and K-Ratio presented the Trucking Freight Futures roadshow. Trucking Freight Futures debut on the Nodal Exchange on March 29.
The audience in Atlanta was one of the most engaged and informed to date.
Shippabo has created its own version of a fixed-rate contract, which helps small and mid-sized shippers gain access to direct-to-carrier contracts, allowing them to cut their shipping costs and secure reliable capacity.
Ryder System, Inc. (R: NYSE) presented its Service Excellence Awards to top-performing carriers at its ninth annual Mexican Carrier Recognition Event in Mexico City on January 17. The event – reported in a press release by Ryder on January 29 – recognized 20 Mexican carriers for their excellence in service in Ryder’s international supply chain.
Transflo used its slot during the MarketWaves 18 Demo Day to showcase how its app’s new user interface, along with the broader Transflo ecosystem can be used effectively to reduce time during the lifecycle of a load.
Logistics startup SmartHop helps automate route planning and provides real-time dispatch advice for truckers, while also assisting shippers in sourcing capacity for their loads.
Coming in at No. 9 on the Freight.Tech 25 list is C.H. Robinson (NASDAQ: CHRW), one of the tried-and-true providers in the freight space. Robinson’s Navisphere technology platform is part of the company’s commitment to providing solutions to its customers and carrier partners.
While 60% did say that ELDs were forcing drivers to stop, rest, and run legally, the other 40% of respondents felt that ELDs decreased driver safety, as well as for others on the road.
You heard it here first. An actual real-live truckload shipment has worked across supply chain stakeholders to create an industry-first: a shipment using blockchain.
Uber Freight introduces three new features to its app, making it more customizable and intuitive, and helping drivers and carriers better manage their loads and time schedules.
In Partnership with Arrive Logistics… we talk freight market data with executives from Arrive Logistics and ask them how they’re preparing to handle surging volumes in Q4 and beyond.
High spot market trucking rates have caused more carriers to move to that market, but the majority of carriers in a new Transporeon Group survey have remained loyal to their shippers.
The Carrier Relationship Platform uses data to organize and automate a company’s processes with a unique approach: delivering targeting engagements to strengthen relationships.
Cashflow Corner presented by TriumphPay …Running under your own authority offers plenty of challenges, but some would have it no other way. One of the biggest challenges is finding freight.
In Bangladesh, the shipbreaking industry is booming business – but at the cost of the lives of workers, who work in dangerous environments with minimal safety precautions. Local NGOs are championing the workers’ cause and are hoping to enforce existing UN regulations to the maximum extent possible.
The transportation industry continues to problem-solve the driver shortage, and carrier-created training programs are on the rise. One such program is offered by Holland, a regional carrier based in Holland, Michigan.
A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.
Shipware’s proprietary technology audits weekly carrier invoices to recover refunds on all billing errors, ensuring proactive compliance of contract rates and terms, as well as on-time service performance.
Freight rates have increased significantly in a short period of time over the past year. Aside from shipping volume increases and driver shortages, there is another less discussed factor at play.
Even with low unemployment, recruiters in a new survey indicate they expect an increase in driver job applicants, but they also expect driver turnover to rise as companies continue to boost pay and sign-on bonuses.
Social networks can be treasure trove of information for carriers and shippers, helping them identify risky areas for goods movement, to finding employees who are putting the company at risk, and even finding stolen cargo.
From a merchant perspective, Shipping with Amazon would provide increased competition in the shipping space, while also providing Amazon with more data about the products people are buying.
A better last-mile experience. That’s what the e-commerce game has become, and all logistics services across the supply chain are clamoring for opportunities and efficiencies to squeeze the blood out of the turnip.
The informal Freight Alley local social brought heavy hitters in the logistics industry to the FreightWave’s Chattanooga offices for a local meet and greet last Wednesday, February 7
Despite all this good news, an underlying problem remains for many truckers – getting paid. There are still some shippers that are dragging their feet when it comes to settling their bills, and that leaves carriers short of cash.
Chad Boblett has built not just a successful Facebook group, but also the largest professional online forum in the U.S. on rates and logistics in the freight industry
Pay particular attention to analytics-driven IoT platforms, computing at the edge, and data exchange brokerages (DEBs), as IoT influences everything from home security systems, to oil and gas exploration, to smart cities, to retail experiences, and beyond.
With all the cheering from business over passage of the Republican tax plan, the next step in the tax reform journey has now begun: the real-world impact. And it could fundamentally change the way drivers are classified.
Most carriers are currently coming to terms with the inevitability of the ELD mandate, and scrambling to get ready. Those carriers who are truly ELD-ready are in prime position to benefit.
Shipping hazardous materials is risky. Yet carriers are willing to shoulder the risk of moving them across states, but to do so requires understanding a number of regulations that must be followed.
Cargo and vehicles can become damaged en route, and often carriers are on the hook for those damages. But a new startup, PEIR, is providing photographic proof of conditions to help protect carriers.
Spot rates continue to climb and capacity continues to shrink, and now experts are predicting a strong holiday retail season. Could the good news for carriers get any better?
While the third quarter may be a slow time for contract renewals between carriers and shippers, a few deals have been done so far and the early indications are contract rates are heading up.
