Freight brokerages typically can stay afloat during trucking recessions. But the ongoing, severe downturn has slammed third-party logistics companies.
After the Great Shopping Spree of 2021, tens of thousands of truck companies will have to shut down to restabilize the industry.
Goods demand has dried up, specifically purchases of big-ticket discretionary items such as furniture and appliances.
Some bullish commentators have suggested that strong heavy-duty truck sales means a recession isn’t looming. Further context is needed.
The best shipping partners are those who collaborate to cut costs without service degradation.
Recovery from the recession in airfreight transportation looks like it will be drawn out over the next year — and very slight when it does happen.
Valoroo’s CEO gives five insightful ways for industry leaders to continue to scale even through a market downturn.
Sales has drastically shifted in the past few years, and Factor 8 is making sales more lucrative across all industries, including logistics.
If you’re not investing smartly in people and tech, you’re asking to be left behind.
Good news for shippers is bad news for airlines as cargo demand and rates retreat again in October.
A severe recession deserves some mindshare among scenarios that could play out in coming months, ACT Research economist Jim Meil says.
A trucking recession is coming. Longtime truckers are closing their businesses as pay drops and expenses soar.
Don’t expect the restrictions that truck manufacturers are imposing on Class 8 order intake to last. There’s too much at stake.
U.S. Gas Prices Continue Historic Surge 1995-2022
FreightWaves founder and CEO Craig Fuller analyzes the bullwhip effect on the current retail and trucking environments.
The International Air Transport Association’s chief economist points to mixed signals for the economy and air cargo activity.
Reasons for Unemployment – Transportation & Warehousing industry
A consensus is emerging that a unique feature of the COVID-19 pandemic on freight markets is that it has created tremendous imbalances on carriers’ lanes
A study looking at U.S. recessions over a 30-year period suggests freight and the overall economy may rebound according to different timetables after the pandemic.
U.S. retail spending fell by 8.7% last month; oil demand to fall by 29M barrels a day in April; companies look to diversify procurement geography.
The airline industry is poised to shrink considerably as revenues evaporate and they are forced to cut costs to the bone.
Coalition asserts $75,000 requirement is unfair to brokers and hurts small carriers.
ACT Research cannot model downturn scenarios fast enough for Class 8 trucks, but high inventory levels make the coronavirus crisis a good time to take a production break as demand is practically nonexistent.
To discuss the ways that brokers can work to outperform their peers and gain traction in periods of high capacity, FreightWaves and Transflo are partnering to present an hour-long webinar on Thursday, November 7 at 2pm ET.
The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.
EU economy is in the precipice of recession; U.S. crude futures fall; breakthrough gives lithium-ion batteries longer life.
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 […]
Ryder Systems Inc. posted strong second-quarter revenue but reduced its second-half earnings guidance on weakness in used truck sales and rentals.
ACT Research says the trucking industry meets the definition of being in a technical recession as all major metrics it tracks have declined for two consecutive quarters.
Today on FreightWaves NOW, Seth Holm brings us the not-so-good news about the current economic situation.
FreightWaves CEO Craig Fuller says he hopes he is wrong, but data is showing the freight market is heading into a recession. Who will feel the impact and the facts […]
Job growth rebounded nicely in March as employers added nearly 200,000 workers to payrolls during the month. This strength in hiring did not translate to the trucking industry however, where payrolls declined for the first time in nearly a year.
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels.
Rate increases are slowing and could even turn negative later this year, although fleet profits should remain strong for much of the year.
In partnership with Slync… There are numerous reasons to be worried about the health of global trade and the goods economy, even though, in our view, a full-on macro-economic recession in the United States is still unlikely.
