Carriers are grappling with unfavorable market shifts across the board. With prowess and the right partners, however, carriers can remain profitable — and even competitive — in a loosening market.
The logistics industry is collaborative by nature and leaning into that fact is one of the most effective ways carriers can ward against turmoil during market shifts.
Shippers have already begun negotiating lower contract rates, and carriers should prepare for this trend to continue. This will prove especially important for small and mid-size carriers who often do not have the profit margins to weather a storm.
Shorter RFP cycles allow shippers to take advantage of market shifts in the short term, enabling them to maintain rates that are as close to real-time market offerings as possible.
We are expecting seasonal slowdowns and a lower sense of shipper urgency following the holidays to allow easing rate pressures, however, capacity constraints are expected to remain in place.
A perfect storm of factors has led to a historically strained market in the wake of the ongoing coronavirus pandemic. Shippers looking forward to market equilibrium should expect to continue waiting well into early 2022.
Following Monday’s U.S. oil market meltdown, Trucking Freight Futures continued to move lower as the spot National contract fell 0.43% and settled at $1.388 per mile.
The Trucking Freight Futures markets finished Monday unchanged to mixed, pointing to continued tightening of spot market capacity.
Trucking Freight Futures finish higher on Thursday as capacity tightened to meet demand of panic buying caused by the coronavirus pandemic.
Trucking Freight Futures finished Wednesday’s session mixed as the East region shows strength on fundamentals and volume of imports.
Trucking Freight Futures stabilized to end slightly mixed on Tuesday as global equities and oil markets rebound.
Trucking Freight Futures continued to decline on Monday as the collapse in the global equities and oil markets weighed heavily on rates.
The Trucking Freight Futures markets were dragged lower for the week as the outbound LAX lanes plunged on Friday.
Trucking Freight Futures tumbled on Thursday on growing fears of a global supply chain slow-down due to the continued spread of Coronavirus.
As the United States-China trade war frightened stock markets on August 5 into their worst day of the year, some analysts said Mexico could find a silver lining in increased […]
The FreightWaves basket of top freight markets all posted positive numbers this week.
On your first WTT?!? of the week, Chad and Dooner welcome everyone back from Memorial Day and hit the ground running with all the latest breaking news and deadlines. Emily celebrates her 30th birthday by hosting Big Deal/Little Deal. We also launch our new game show Market Expert Trivia with Reid and Kyle, plus Moody is on the Move, and another rousing round of Comment Section Rodeo, and the guys spend a little time discussing Sly Stallone’s filmography.
Navistar was up 3 percent on Monday, May 13, 2019 and is up more than 8 percent in Tuesday’s trading.
Too much to talk about with too little time. Several key industry topics were bantered about by some of the best thought leaders in the industry on the final day […]
Good day, Oil prices fell by around 2.5 percent at the start of this week, largely due to President Trump tariff threats against China. However, the U.S. sending out warships […]
A snapshot of what the markets are doing this week.
A snapshot of what the markets are doing this week.
Here’s your weekly snapshot of how the markets are doing!
Contracts on the S&P 500 Index fluctuated before nudging upward, with those on the Nasdaq and Dow Jones gauges following in line.
Want an snapshot of what the markets are doing? We’ve got you covered with our weekly market forecast.
Shale oil rig count on decline since November last year; price of renewable hydrogen fuel decreases; Apple lays off 190 employees of its self-driving car program; Europe looking to create standard regulations for hyperloop infrastructure across the continent.
An overview of what’s happening in the global markets right now.
Want an snapshot of what the markets are doing? We’ve got you covered with our weekly market forecast.
Want an snapshot of what the markets are doing? We’ve got you covered with our weekly market forecast.
Want an overview of what the markets are doing? We’ve got you covered with our weekly market forecast.
We look at the top freight markets broken down by flatbed, dry van, and reefer van.
Walmart looks to recruit 900 more truckers this year; brick-and-mortar stores would not completely go out of fashion; China to overtake the U.S. as the world’s largest retail market.
On the third day of trade talks at the World Economic Forum in Davos, Switzerland, David Carlyle said the U.S. government shutdown is having an impact on the U.S. economy.
Class 8 truck orders dropped dramatically in both November and December, with orders dropping below deliveries in December.
The year 2018 is shaping up as one not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.
Covenant Transportation Group saw revenue and earnings increase and predicted that the second quarter presents an even bigger opportunity for the carrier.
Some signs of a stabilizing market after a long upward run, but nothing that suggests weakness.
If you want to make a million dollars, all it takes is a little hard work and creating something that has value.
The current level of freight strength would be notable if it were June, September, or October, but it’s not. It’s February data. It is impossible to predict exactly how long this will last, but at least through 2018 we expect capacity to remain tight.
Current financial news headlines are full of stories about inflation and the resurgence of inflation in the U.S. economy.
Most shippers, carriers, and students of the freight market spend most of their time focused on a particular mode. It makes intuitive sense that you would focus on the mode that you spend the most time in which you are buying services or providing services. Net result, there are plenty of experts in rail, truck, and intermodal/container freight, and with the ongoing prodigious growth of e-commerce, there is a growing number of experts in parcel freight. That said, we continue to be surprised how little attention overall is given to airfreight.
It is a well-worn axiom in the investing world that “the most expensive thing on Wall Street is an ego.” It’s true in the world of investing money, but it’s true for the rest of the world as well.
Could the bitcoin bust be good for blockchain technology?
Data from the freight markets indicate a super-strong economy
Data from the freight markets indicate a super-strong economy
