Volume falls this week in the freight markets but rejections are flattening indicating there are still some spots where capacity is an issue.
Tender rejection rates for reefer trucks outbound from Houston have oscillated wildly all year. Even compared to other regional markets, shippers and carriers are having a difficult time matching capacity to volume.
Shippers feel like they’re in uncharted territory even a year into an extremely strong trucking cycle, and they’re adapting in a number of ways, including building depth into routing guides, accepting lower service levels, and extending tender lead times.
Following an incredibly successful Transparency18, MarketWaves18 will focus on the freight market and economic outlooks going into 2019 and beyond. From November 12-13, 2018, FreightWaves will present MarketWaves18 in Grapevine, Texas. MarketWaves18 is designed to uncover the biggest—and not yet discovered—market disruptions impacting the freight markets today, and tomorrow.
This week’s freight market continues the same patter toward stability, but volume remains steady as we move towards a more volatile time of year.
FreightWaves has introduced tender volume indices, giving market participants real-time data on freight volumes by market
This week in freight showed more of the same with continued stabilization, but history tells us this may not last for much longer.
The freight markets took a slight break in the last few days, but this is nothing new and is not a sign of a turning market…yet.
FreightWaves released an updated version of SONAR today that added thousands of new tickers to give market participants with better insights into the current state of the freight market.
The end of the second quarter was explosive in terms of freight market activity. Rates expanded as carriers refused loads. July typically sees volumes fall a bit in relation to June. There is no reason to think it will be indicative of any long run contractions in rates.
Capacity is tightening in portions of the Missouri valley as warmer temperatures have agriculture shipment volumes and the need for reefers increasing. This could be a sign of the overall market heating up again.
Regardless of technology, the transportation industry is still built on relationships.
Spring has sprung in the Southeast as warmer weather sends shippers into full throttle. The unofficial capital of the South is leading the way according to a new index. Could this mean higher rates in an already heated market?
Crete Carrier had a 400% increase in load turndowns in February and that is just one of the metrics that indicates the current conditions of the freight market.
By one measure, the flatbed market has never been stronger.
Shipwell makes it possible for any business to do freight shipping like Amazon via an easy-to-use online platform.
OnTruck creates a digital freight marketplace which brings shippers and carriers together and provides real-time visibility and transparency on freight logistics.
Despite its consistent growth, international trade is very fragmented with small businesses accounting for 1/3rd of U.S. imports. So how would freight movement be for such companies in the future?
Konexial uses its ELD device to leverage its dynamic load matching solution, which can act as a one-stop solution for both carriers and shippers.
Uberization has been a hot term to describe digital transactional brokerage. But a bigger, untapped opportunity might be available in the market
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.
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.
