The SONAR National Truckload Index (NTI) has reached levels not seen in nearly two years, surging from $2.38 per mile to $2.52. The last time truckload spot rates were this high was on Jan. 23, 2023.
North Carolina-based carrier’s third pay raise in a year comes amid unprecedented freight volumes and demand for drivers.
Despite the significant drop in price, lumber remains an expensive commodity. Whether the price will continue to fall is uncertain.
Another trucking company responds to the strong freight market by increasing truck driver pay.
Fleets placed 52,000 preliminary orders for new trailers in September, the third-highest month in history as pandemic-driven consumer goods demand continues unabated.
P.A.M. Transportation points to automotive manufacturing closures as reason for second-quarter loss.
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.
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?
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.
Charger Logistics’ new state-of-the-art facility in Laredo is up and running. The company aims to double its business in Mexico and grow overall capacity by 200 trucks and manage 600 […]
Freight volumes may have peaked for the season, but it certainly doesn’t feel that way. There is still a lot of uncertainty for Q3 as we close a disappointing Q2.
Reefer carriers are weathering the cooling freight market more efficiently than two of the main trailer types. An interesting data point supports this claim.
We look at the top freight markets broken down by flatbed, dry van, and reefer van.
Probably to no great surprise to attendees in the room, American Trucking Associations’ Chief Economist Bob Costello painted a very positive picture of the current and near-term freight environment during the ATA’s 2nd Annual Economic Summit last week in Washington, DC.
The Dry Van Weekly Barometer is predicting stronger contract pricing in coming months. Even though it has pulled back from extreme highs, it continues to reflect one of the highest levels of demand in excess of capacity in the history of the barometer.
All three modes of truckload freight are reflecting an environment in which demand exceeds capacity by a wide margin, which sets up for continued strong contract pricing.
After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have pulled back but remain in a strong growth range.
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.
Construction spending in the economy remains essentially unchanged since the start of the year, as the sector continues to disappoint after a solid 4th quarter. This has implications for flatbed carriers and dry vans, as weakness in construction and home building affects freight demand.
Container traffic into the Port of Seattle is down 22.6% YTD, starving the city of freight. Trucking spot rates have cratered, and turndowns have dropped 75% since their peak in October as carriers are forced to accept lower prices.
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.
