This week in Borderlands: Entrepreneurs, small business see value of investing in Mexico; Automotive supplier plans third plant in Mexico; Cargo vessel makes first call at Port Houston; and $31M worth of meth found hidden in hot peppers shipment.
Lagging effects of the pandemic are still making evaluating the economy a challenge.
Seattle-based digital freight broker Convoy on Wednesday canceled all shipments from its marketplace and company representatives promised more details of a business transition were forthcoming. By Thursday, company employees were told in a meeting that Convoy was “closing down its core business operations.”
FreightWaves latest SONAR data addition suggests a wave of truckload capacity exits is coming this winter.
There has definitely been a sustainable shift in how freight is distributed domestically.
Companies are still trying to get their margins back to pre-pandemic levels with price increases on finished goods. This will continue to put freight demand at risk in the second half of the year.
FreightWaves’ “State of Freight” webinar for February had little good news for carriers hoping for higher rates sometime soon.
Are supply chains already manifesting significant changes in domestic transportation patterns?
Los dos mayores estados del país para el transporte de mercancías se mueven en direcciones opuestas
U.S. Xpress is going through a reorganization following a recent round of layoffs. The technology-driven Variant program will be merged into a larger Highway Services group, which will include the legacy over-the-road business and the USX freight brokerage.
Reefer demand remains strong heading into late January, breaking seasonal patterns that many have come to expect.
Shippers are requesting as much capacity as ever from maritime shippers in August after slowing their pace through most of the summer. What should we take away from this?
Shippers continue to struggle to find a reliable way to get freight into the U.S., which is causing major changes to surface transportation patterns.
This dip is likely to be temporary.
The market takes a breather this week with tenders down 7% week-over-week.
Tender rejections slip but still elevated.
Tender rejections return to all-time high.
Tender rejections and spot rates also fall slightly.
Spot rates steady well above $3.00 per mile.
This week notched a new all-time high in spot rates.
Leverage is firmly in carrier’s favor.
The expected rebound for truckload markets did not disappoint.
Tender rejections see a massive spike.
Spot rates have increased for the first time in five weeks.
Tender rejections rise for the first time in a month.
Trucking markets headed back in the right direction
Normal January seasonality may be upon us.
Tender volumes accelerate, driven by strong, stimulus-fueled consumer spending.
Q1 should be one of the stronger first quarters in recent history from a consumer and freight volume standpoint.
Consumer resilience wavering.
Rejections ease again slightly.
Tender rejections fall as drivers return to the roads.
Expect rebound next week.
Tender rejections reaccelerate.
Tender volumes climb to another all-time high on Monday.
Tender volumes climb to another all-time high.
Volatility compresses as peak season begins
Tenders and rejections remain elevated as peak season begins.
Markets consolidate as peak season nears.
Capacity remains very tight.
Calls for the top of the trucking market may be premature.
Have tender rejections peaked?
Bullish backdrop for trucking remains.
The trucking market continues to firm.
The strength in the trucking market marches on.
The trucking market remains strong.
Carrier momentum continues.
Carriers in best position in years.
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.
Carriers appear to be gaining momentum.
No one knows how long freight will continue to break new records; only time will tell.
Backdrop for carriers remains bright.
Capacity still tight.
Volumes decline post Fourth but capacity stays tight.
Soaring volumes and tender rejections continue.
This week’s DHL Supply Chain Pricing Power Index: 55 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 50 (Balanced) Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power […]
Highest volumes since March.
Tender rejections strongest since March.
Tender rejections cross the 6% mark.
Volumes keep chugging along
Freight moving long distances in May might lead to a strong summer peak.
The trucking market continues to heat up.
The trucking market continues to heat up.
Chart of the Week: Outbound Tender Volume Index– USA SONAR: OTVI.USA After experiencing one of the most volatile periods in history over the past two months, freight market volumes have recovered to February levels in the past week. February is not a great month for freight traditionally speaking but considering a month ago volumes were running 15-20% […]
Load volumes and rejections improve this week
Outbound tender volumes inch upward
Green shoots for volumes but not tender rejections
Volumes up slightly week-over-week
Volumes still searching for a bottom.
After peaking at up 30% year-over-year, volumes are now down.
Even as freight volumes surged to record levels in March, drivers spent less time driving.
Record volumes cool considerably
Record high volumes cool
After huge gains, FreightWaves OTVI has its first down day since the end of January.
Each week, FreightWaves will release a short video highlighting the top moving markets around the country using our proprietary datasets. Included in this weekly update will be a combination of freight volumes, capacity and more to give viewers a deep understanding of which markets to notice. The Outbound Tender Volume Index (OTVI) is SONAR’s proprietary […]
New all-time high for volumes
Volumes show signs of life.
How coronavirus will impact volumes remains to be seen
Volumes still sluggish but positive.
Know what is happening right now.
Volumes not yet showing signs of life.
February off to a slow start.
Flat volumes, excess capacity persist.
Reefer market strong
Freight volumes and tender rejections range-bound for now
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.
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?
Trucking market cools but remains healthy
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.
Trucking fundamentals still strong as peak season ends
Peak season is wrapping up after bringing the carriers something to cheer for after dismal 2019.
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.
The truckload sector has had a breakout December thanks to a booming holiday peak. Is this a signal of a long-term shift to the over-supplied freight market?
In this week’s wrap-up, FreightWaves spoke to Larry Mullne of Allied Alloys in Houston to get insights into pre-holiday operations.
Peak season has arrived
Momentum for carriers holding as volumes, rejections and rates are moving in their favor.
Tepid volumes with an upside breakout in tender rejections
The DHL Supply Chain Pricing Power Index moves towards the carriers for the first time since early September.
Freight volumes sluggish despite Thanksgiving distortions
