The Dow Jones Industrial Average plummeted today, posting its biggest loss since May 29; meanwhile the S&P 500 is on a losing streak that hasn’t been matched in upwards of 2 years.
FreightWaves triples the lanes available for the tender rejection indices along with diesel price and volume data. Highly regarded Institute for Supply Management indices have also been added to deepen the macro-economic section.
Two high school friends, one from Access America and one from JB Hunt, founded a successful brokerage in Knoxville full of supply chain management grads. And they love SONAR.
Freight Alley expands with the addition of Grupo Sesé, Carrefour turns to blockchain, Airbus will name its new CEO, and more in Today’s Pickup.
Washington D.C. metro topped the Canadian border and NYC as the least efficient places for a truck driver
Trucking volumes have dropped by 6% since the beggining of the month of October. Is this an indication that the market is slowing or is it a normal seasonal pattern?
In her final conference call as CEO, PepsiCo’s Indra Nooyi presented their third-quarter results, once more pointing to transportation costs that threatened to eat into profits.
October is traditionally a slower month than the 4 preceding it in terms of volume. This year it has happened as soon as the calendar turned. This seasonal swing does not mean it will be a quiet fourth quarter for everyone.
FreightWaves adds additional risk management and compliance information in the most recent SONAR release.
Tender volumes are taking many by surprise, but not those that understand what is happening with the use of ELD’s by small carriers, especially in the dry van segment.
Since the ELD hard mandate went into effect, the trucking market has added 4% more truck capacity
China imposed a 25% import duty on US soybean imports in July and a domestic shortage of beans is now resulting in Chinese traders paying a higher price for Brazilian beans than what domestic crushers are paying, leading to speculation that China could again increase shipments from the US.
FreightWaves adds additional functionality to SONAR with tri-delta functionality on the Headhaul Index as well as the newly revised Trucks in Market, making it easier than ever to identify market disruptions.
Hurricane Florence has practically shutdown any outbound trucking activity out of the North Carolina coastal market
The smartest minds on Wall Street use charting analytics to quickly identify and then track trends in multiple data sets. Why? Because it works. And now freight professionals are learning how to do the same.
FreightWaves CEO Craig Fuller, Chief Economist Ibrahiim Bayaan, and Senior Meteorologist Nick Austin discussed Hurricane Florence’s impact on freight, the general macroeconomic situation, and the upcoming IMO 2020 regulations on maritime fuel.
Charlotte and Atlanta see outsized inbound volumes as carriers move relief suppies into staging areas
Truckers are not singing the blues in Memphis (except on Beale Street): It’s currently the number one headhaul market in the U.S.
FreightWaves releases the Headhaul Index, a measurement of the discrepancy between inbound and outbound volumes.
K & L Freight has invested heavily in technology and data and grown 5x in the past two years. The next step is offering financial services to help their shipper customers hedge against spot market volatility.
Los Angeles volumes spiked just before Labor Day, but it doesn’t appear to be an artificial surge related to the holiday. In the next week we’ll start to see how the fall shipping season is shaping up.
For the trucking market, the third quarter has been stronger than the second, but no one would know it
It looks like the freight market is waking up from the long running summer doldrums, or is it just a byproduct of the pre-holiday shipper procrastination.
FreightWaves introduces new mapping features that make it easier to visualize data and heat maps across the freight market.
SONAR’s new index shows the cost difference for Asian exporters moving goods into East Coast or West Coast ports. When combined with trucking spot prices, the Panama spread helps explain recent shifts in trade flows.
Users that signup for a prepaid annual subscription to SONAR between now and the end of September 2018 will receive a LG 34” ultra wide curved monitor included.
Carriers and brokers have been talking about how slow August has been. Good news: According to our technical indicators, the market is about the turn back in their favor
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.
The impact of Nordstrom’s anniversary sale on logistics costs, college football and freight, drone deliveries in Canada, and much more in Today’s Pickup.
Amazon has promised to name a location this year for the so-called HQ2 project, which it claims will ultimately employ 50,000 people. Using SONAR, from a freight perspective, we’re here to help.
Slync, an intelligent platform redefining multi-party interaction, automation, and collaboration throughout the supply chain , has agreed to a multi-year partnership with FreightWaves, the leading data and content source for the freight market.
The top five trucking origin points represent 18% of the volume in the freight market, according to a new index added to SONAR this past week
The recent slide in spot rates is typical for this time of year, according to FreightWaves’ CEO, and data indicates another peak before Thanksgiving is possible.
FreightWaves SONAR introduces market share indices to track relative volumes among US freight markets on a daily basis.
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.
In the latest SONAR release users get a number of frustrations fixed, including chart scrolling, chart descriptions, and enhancements to the watchlist
Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market
Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market
With the recent chatter of a “housing crisis,” and the market reaching a “peak cycle,” we decided to take a closer look at what is going on.
FreightWaves has introduced tender volume indices, giving market participants real-time data on freight volumes by market
There will be a West Coast gold rush for trucking spot rates. SONAR data is suggesting that trucking spot rates will surge out of Los Angeles, reaching new highs.
In the latest SONAR release users get chart search enhancements, chart time series inputs, and a darker contrasting screen. Other updates include adding symbols to watchlist and ticker methodolgy tables.
Wall Street is in a panic over fears that the truckload sector has peaked. Wall Street is wrong. We break down the reasons using data from SONAR.
This week in freight showed more of the same with continued stabilization, but history tells us this may not last for much longer.
Introducing the latest additions to our SONAR platform: DAT lane pricing / Lane Tender Rejection Rates
Tender rejections continue to fall towards the May 2nd low, indicating that capacity is loosening in the market. If it reaches the critical level of 19.12%, it could mean that the rest of the summer will be disappointing for carriers that reported a bullish summer outlook.
Fuel remains among the largest costs for both carriers and shippers but based on the current practice of using a fuel surcharge to mitigate volatility in pricing, both parties remain at risk of ending up on the losing end of the deal.
July has started off slower than carriers would like, showing normal freight patterns. Softer demand is also impacting utilization in the market.
The freight markets continue to cool, but looking at the bigger picture provides perspective on what to expect moving forward.
The agreement will cover around 25% of the global economy, and, according to Bloomberg, by some measures the largest free trade area in the world.
Holidays have a huge impact on the freight markets, with drivers going off-duty and altering their work schedules. In this chart of the week, we examined how different holidays impacted available capacity.
While there is a lot of noise surrounding tariffs and potential trade wars, it probably isn’t enough to derail the economy and the red-hot freight environment.
The story is clear: sales of all U.S. trucks has trended up for most of the year, new and used.
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.
The Freightos Baltic Container Price Index shows the volatility of container prices out of China to the North American West Coast as importers try to adjust to a new era of global trade.
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 Cass Shipment Index (CFIS.USA) is showing freight market volumes that are nearly as strong as the 2006 peak season. This is a bullish sign for the second half of 2018.
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.
Freight markets still hot to close Q2; COSCO/OOCL merger approved by US, China; Tesla hits Model 3 production goal; CSX revives plan for intermodal hub in North Carolina; EU threatens retaliation over auto tariffs.
This morning, new SONAR indexes went live, giving a detailed look into load transmission acceptance by equipment type and length of all, and adding employment data for various transportation modes.
This morning, new SONAR indexes went live, giving a detailed look into tender rejections by equipment type and length of all, and adding employment data for various transportation modes.
Why, when capacity is so tight, is Chicago of all places overheated?
The Chainalytics-Cowen Indices are indicating a slowing freight market in April, but how does that help us in mid-June?
Zach Strickland, the “Sultan of SONAR,” curates the weekly market update.
FreightWaves is now offering the services of their analysts as a value-add to their SaaS Sonar service.
Rhode Island begins tolling trucks today; SCOTUS rejects review request by JB Hunt on California case; Rolls-Royce engine problems spread; transportation companies fret over tariffs; Waymo to buy up to 62,000 Chrysler Pacificas.
Roadcheck 2018 is now in full swing. Here at FreightWaves, we thought we’d examine the freight market data in SONAR–our SaaS platform that launched in beta on May 22nd–and see how inspections week is affecting the industry.
North American Class 8 truck orders have soared to an all-time high, according to preliminary data from May.
The recent clarification of personal conveyance rules have left some questions in the market about the expected impact. We go back to the data to make our own assessement.
The L.A. market wakes up after a sleepy early spring. With container prices increasing on the spot market, China could be the main factor.
A magnesium fire in an automotive parts supplier caused F-150 production shutdowns in Dearborn, MI, and Kansas City, MO, earlier this month. The sudden drop-off in demand for freight in those two markets is reflected in our turndown indices.
Drivers are changing their behavior to maximize their hours on the road, according to FreightWaves’ proprietary SONAR platform
FreightWaves announced the launch of Sonar, its SaaS platform for freight market data. Michael Vincent, EVP of FreightWaves, demonstrated the product at Transparency18 in Atlanta.
Transparency18 has an action-packed schedule full of innovative technology demonstrations, keynotes from charismatic thought leaders, and panels of the top experts in finance, technology, and transportation.
TransRisk, our parent company, announced its rebrand as FreightWaves last night at our Chattanooga headquarters. Click through for video!
