White Paper: The State of Freight – April 2023
Download this freight market report and learn why FreightWaves experts are seeing a fairly bleak outlook for the rest of 2023.
Download this freight market report and learn why FreightWaves experts are seeing a fairly bleak outlook for the rest of 2023.
New rules proposed by the Securities and Exchange Commission regarding disclosure of climate-related risks and greenhouse gas emissions could greatly impact the trucking industry.
Not all loads are created equal in trucking. Loads moving across the country have a much greater impact on capacity and subsequently spot rates and they are disappearing at an astonishing rate compared to their shorter counterparts.
Many transportation managers and providers are expecting a return to a simpler time, but the data shows simpler times may be a thing of the past.
Craig Fuller explains why supply chains are so messed up!
The rise in volumes continues to outpace the rise in rejection rates, and spot rates keep climbing.
Beginning in the second quarter, there was a notable shift in the types of loads shippers were tendering. Why would this assist with increasing compliance?
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.
The relationship between personal consumption and trucking demand has strengthened even further as companies struggle to maintain inventory. This suggests a very active spring and summer for transportation providers.
Import volumes are growing rapidly into secondary ports as shippers scramble to build inventory. What are some of the short- and long-term implications to domestic transportation providers?
There is no definitive end for this freight bull market in sight. Consumers continue to spend on goods, driving freight and diminishing already depleted inventories. Even if consumer spending diverged from its current trajectory (which I see as unlikely, especially given the additional stimulus, accelerating vaccine rollout and strong consumer balance sheet), the mass inventory restocking ahead will be sufficient to keep freight flowing from a consumer perspective.
Weathering the COVID pandemic drove Volvo Group sales lower in 2020, but market share was stable and new orders are pouring in.
Despite losing momentum sequentially for the last three months of the year, holiday sales grew 8.3% year-over-year. The surprising data is further evidence of the resilience of the American consumer, and the ability for retailers to influence how and when people shop.
In today’s edition of The Daily Dash, the freight bull market shows no signs of slowing; Chao says goodbye; and trucking continues to add jobs.
Luke Falasca and Kyle Taylor break down high prices brokers are paying in this week’s freight market.
Imports continue to pile up as shippers and carriers take time for the holidays. They may come back to a mess.
In today’s edition of The Daily Dash, YRC’s loan is facing scrutiny from Congress, plus LTL tonnage is on the rise and prosecutors ask for the reinstatement of the conviction of former Pilot CEO Mark Hazelwood and two others.
Import volumes continue to fuel the surface transportation boom. Will it last into 2021?
In today’s edition of The Daily Dash, volumes and rates take a step back; complete coverage of FreightWaves’ Cold Chain Summit; and CDL fraud.
International import bookings signal continued strength in the domestic freight market.
In today’s edition of The Daily Dash, markets remain on fire and indications are it may continue that way for quite a while. Plus, portions of I-10 reopen following Hurricane Laura and hearing impaired truckers seek relief from certain CDL requirements.
Buckle up, folks, this should be good. Volumes are gushing and rates pushing higher.
Even as more states roll back their reopenings as COVID-19 continues to wreak havoc across the country, there is some evidence that the strong freight volumes seen in July are here to stay for a while.
Volumes have recovered faster than many expected leading to many transportation companies posting earnings beats in Q2. There are no signs of slowing into August.
Chart of the Week: Total Rail Carloads, Chemical Rail Carloads, Motor Vehicle Rail Carloads – USA SONAR: RTOTC.USA, RTOCH.USA, RTOMV.USA The latest rail carload data is showing that the industrial side of […]
Carriers continue their power grab this week adding 10 points and hitting another new series high. Volumes remain in the stratosphere, and carriers are rejecting contracted freight at levels unseen since the summer of 2018.
Carriers are inteh strongest position in the DHL Supply Chain Pricing Power Index’s 10 month history. Rates have pushed higher in recent weeks as carriers reject more freight than anytime in 2019 and volumes remain elevated.
Co-Founder Andrew Leto addresses the growth of Emerge’s marketplace and the benefits it offers carriers and shippers.
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.
Southern California has become the hot spot for freight in the post COVID-19 freight market. Could it be the region to tell us what’s next?
“Our data shows that Powerfleet’s over-the-road customers have not only rebounded, but have surpassed the pre-March 13th levels by nearly 7%,” said Daniel Romary.
“The most critical commodity we trade in with drivers today is hours,” said Norm Thomas of Powerfleet.
A lot of the recent struggles for carriers originated in what many consider to be the most profitable year.
Anthony and Zach discuss what to make of the subtle increase for the May PMI and orders, while domestic freight volumes surge. Also, produce season pushes agricultural rates over 2019.
A fiery crash briefly shut down Highway 401 near Toronto as trucks contend with recovering freight volumes and more dangers on the roads.
Freight moving long distances in May might lead to a strong summer peak.
Anthony and Zach discuss the surprisingly rapid recovery in the housing/home improvement sector of the economy and whether it has sustainability.
KeepTruckin has started a petition asking congress to extend forgivable loans to cover truck lease/purchase payments and insurance costs.
Anthony and Zach have special guests Former Flex CEO and current strategic adviser to Clear A.I. Mike McNamara and FreightWaves Chief Strategy Officer JT Engstrom on to discuss coronavirus’ impact on various pieces of global supply chains and give an update on how the economy and freight market are reacting domestically.
Continued drop in cross-border truck traffic mirrors broad decline in Canadian freight as COVID-19 crushes demand for nonessential goods.
Long-haul truckers practice social distancing by staying in their sleeper berths, uncertain where their next load will come from as manufacturers and retailers shut down.
Container shipping rates from China to the U.S. west coast and international intermodal volume out of the L.A. port complex are both at or below last year’s seasonally-weak Chinese New Year Period. Extended factory shutdowns to prevent the spread of the coronavirus may inhibit a March or April rebound.
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.
Gusty winds, up to a foot of snowfall could slow down regional deliveries.
Five markets totaling more than 10% of U.S. outbound freight could get hit by impending snowstorm.
“There will be extended closures on I-70 and US-40.”
High-volume freight markets in path of oncoming winter storm.
Reefer rejections increasing in Salt Lake City market.
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?
Anthony, Zach, and special guest Kyle Lintner from K-Ratio discuss how the freight market is disconnected from the general economy; are we truly out of a freight recession; and how Freight Futures work.
California’s AB5 has caused significant disruption prior to the planned enforcement period. Has there been a measurable impact to the supply of carriers in the state?
Zach and Anthony discuss why January is so difficult to manage and why this one may be different for trucking; FMCSA and AB5 hangups; and give a economic and market update as well as projections.
Chart of the Week: 3-Year-Old Used Truck Prices – USA, Cass Freight Shipments Index – USA SONAR: UT3.USA, CFIS.USA At this point the news and story of Celadon, the largest truckload failure […]
The housing and construction sectors are showing signs of life, giving truckers a rare hint of optimism for the coming months.
“We’ve only harvested 40% of our acres and still have about 60% in the ground.” Tens of millions of dollars of potato crops damaged.
Freight volumes took a nosedive to this past week, which led to the biggest difference in annual freight volumes this year.
A popular manufacturing index is signalling a rough ride for trucking after the holiday season.
Trucking volumes are up YoY, while rail intermodal volumes have fallen. Now may be the time for long time competitors to explore new partnerships.
Market Voice Jim Blaze contents that railroads are using the wrong KPIs to increase volume and capture market share from trucks.
2019 has been more challenging for trucking companies than any other non-recession year. Here is why.
After a disappointing first half of 2019, the freight market finally appears to be heading another direction.
The FreightWaves Freight Intel Group’s latest research shows that a freight recession is taking place.
The price of diesel fuel has an obvious impact on transportation providers costs, but it also can give insight into demand for their services.
Donald Broughton writes that as goes the freight sector goes the economy in this commentary.
Information related to the national load tender volumes for the last full week of July comes from FreightWaves SONAR.
Criminal syndicates are smuggling huge volumes of methamphetamine around the globe by hiding it in the lawful flow of freight. Find out where meth flows, how it flows, and who profits as it flows.
Spot rates have fallen back to where they were two years ago. The problem for carriers; their costs have not.
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.
Market expert Donald Broughton writes about the numerous consequences of a U.S. Mexico trade war and the damage that will be done on both sides of the border.
The last month has been like Mr. Toad’s Wild Ride for the freight market. Starting with the Trump tweet about increasing tariffs on Chinese goods another 15% in early May […]
As rate pressure eases, conditions for shippers continue to improve.
Volumes took a nosedive after the tariffs increased and are starting to recover slightly, but the damage may already be done.
Today on FreightWaves NOW, we have a developing tornado situation in Oklahoma and Texas. We also offer analysis on popular headhaul markets for carriers across the nation, and examine opportunities […]
Today on FreightWaves Now, we are seeing crazy times with volatility. It’s still snowing in the Sierras and storming in the midwest. Volumes have fallen off a cliff right when […]
What The Truck?!? is sending you into the weekend with all of the latest headlines and top stories from FreightWaves.com, as well as Earning Over / Under, On The Radar presented by SONAR, Fast Paced Forecast, and so much more. Let’s bang a little cowbell for the weekend and celebrate the launch of WTT?!?’s expansion to two episodes a week!
Subscribe now on Apple Podcasts, Spotify, Stitcher, or your favorite pod player of choice.
To book a free a SONAR demo visit FreightWaves.com/SONAR
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.
Port container volumes, railroad volumes, and truckload volumes are all down year-over-year.
On today’s FreightWaves NOW CEO Craig Fuller tells us what the freight futures market is all about and why it needs to happen now, meteorologist Nick Austin says keep clear of the Sierras if you can.
On todays episode Chad Prevost talks to three market experts: Nick Austin with the weather, Daniel Pickett with DAT Van Rates, Ibrahiim Bayaan with Macro and Micro Economics.
On today’s episode, Chad Prevost talks to Market Expert Zach Strickland about the disruption of the freight market due to the bankruptcy of New England Motor Freight. Find out what this means for LTL on today’s episode of FreightWaves NOW!
On todays episode Chad Prevost talks to market experts: Nick Austin about some disruptive weather, and Zach Strickland talks about the Outbound Tender Market Share
On todays episode, Chad Prevost talks to Nick Austin about the weather, and John Paul Hampstead about Echo Global Logistics earnings.
On todays episode, Chad Prevost talks to three market experts: Nick Austin gives a weather update, Jesse Cohen talks about air cargo in 2019, and Zach Strickland shares a little bit about Trucking Freight Futures.
On todays episode, Chad Prevost talks to market experts Nick Austin about bad conditions on the I-95 corridor, and Donny Gilbert about tender rejections and backhaul markets.
On today’s episode, Chad Prevost talks to Market Experts Nick Austin, about the weather, and Michael Crosby, who introduces the Trucking Freight Futures Road Show!
On todays episode Chad Prevost talks to Nick Austin about the weather and Zach Strickland about market share.
On todays episode Chad Prevost talks to three market experts: Nick Austin about the cold, Donny Gilbert reefers and tender rejections, and John Paul Hampstead with macroeconomics.
On todays episode, Chad Prevost checks in with three market experts: Nick Austin with the weather, Zach Strickland talking about the midwest, and Ibrahiim Baayaan takes a look at the economy.
On todays episode Chad Prevost talks with Nick Austin about disruptive ice jams and Danny Gilbert about how to protect cargo from freezing.
On todays episode, Chad Prevost catches up with Nick Austin about the polar vortex and Michael Crosby about volume and tender rejections.
On todays episode Chad Prevost talks to Nick Austin about some dangerously cold weather, and Zach Strickland about volumes.
On todays episode, Chad Prevost talks weather with Nick Austin about weekend weather, and John Paul Hampstead about volumes.
On todays episode, Chad Prevost discusses the polar vortex with Nick Austin, Jeff Seibenhener offers advice on password safety, and Jesse Cohen gives insight to the air cargo market.