In today’s edition of The Daily Dash, spot rates could be heading higher yet again. Plus, truckload carriers wonder if we are in peak season or a new normal; and a Texas group tackles tort reform.
Both truckload tenders and tender rejections rose this week. If spot rates are to continue the succinct but lagging dance with tender rejections, we should see spot rates inflate over the next two weeks. Also, with Thanksgiving just a week away, drivers will be seeking freight that drives them toward home, which typically pushes rejections and spot rates higher.
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.
This week’s DHL Supply Chain Pricing Power Index: 75 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 80 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 75 (Carriers) […]
Trucking spot rates are averaging well over what they were a year ago implying many shippers will see rates increase next year. How much will it be?
Transparency is at the foundation of all excellent relationships. When there are grievances within the supply chain, an open line of communication and a commitment to more transparent, intentional dealings is the key to our collective success.
Shippers are willing to pay more to put freight on the rail just to get it moving out of Los Angeles.
We have gotten word that carriers are holding capacity until the end of the day before auctioning it to the highest bidder. Rates are nearing $3 per mile on a national level, and rates are already above that in 51 of 100 Truckstop.com lane pairings.
Carriers are rejecting as much freight now than at any point in the past three years. Spot rates poised to break $3/mile on a national level.
Landstar System raises earnings outlook on higher truck volumes and pricing improvements. New third-quarter expectations are 25% higher than the midpoint of the previous guidance range.
On the whole, deregulation of transportation is beneficial to the economy.
Accepted freight tenders are running up 18% year-over-year. Carriers are rejecting 1 in 4 contracted tenders and driving rates up. National spot rates above $2.75/mi. and trending higher.
Hurricane Laura hit at a time when trucking capacity is unusually tight, a fact that may hinder the recovery efforts.
Prices are firming and demand is rising for used trucks after more than a year of doldrums mirroring a slowdown in new truck orders.
Buckle up, folks, this should be good. Volumes are gushing and rates pushing higher.
Driver wages are holding steady during the coronavirus pandemic, but care for safety is where priority should remain, says CEO of National Transportation Institute.
There is no change in the Pricing Power Index this week despite a continuation of the trends we’ve seen over the past few weeks: astounding volumes, carriers rejecting contracted freight at a high clip and rates continuing to trudge upward.
Convoy has introduced a new rate quote benchmarking tool for shippers that allows them to see how competitive the rate being offered is.
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.
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.
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) […]
A decline in contract rates that were implemented prior to the COVID-19 outbreak may make this year tighter for carriers.
On The Spot talks about volumes are sustaining and tender rejections are increasing. They also take a look at the market leading up to July 4th weekend.
Carriers gained another 5 points of pricing power this week. This marks 6 weeks of power gains, but shippers remain in control.
The carriers gained pricing power this week on the back of surging volumes. Capacity remains loose although tightening each of the past five weeks.
This week’s DHL Supply Chain Pricing Power Index: 25 (Shippers) Last week’s DHL Supply Chain Pricing Power Index: 20 (Shippers) Three-month DHL Supply Chain Pricing Power Index Outlook: 50 (Balanced) […]
What’s been happening in the trucking sector over the last week. They talk about the tightening capacity in Los Angeles and Southern California, consumer spending, and auto sales.
This week the carriers gain some pricing power on the back of surging volumes. Tender rejections are beginning to show signs of life and spot rates are up in most markets.
Zach Strickland and J.P. Hampstead discuss the latest changes in the freight spot market.
The DHL Supply Chain Pricing Power index moved up for the first time since the volume surge in March. The index now sits at 15, which is still positions the shippers comfortably in bid negotiations.
The DHL Supply Chain Pricing Power Index fell another 5 points this week to its lowest total in series history. Volumes are beginning to come back to life, but capacity remains historically loose and spot rates are extremely low.
Dooner and The Dude are talking about the conflict between truckers and brokers as they battle for dollars in a bottoming spot market.
Zach Strickland and JP Hampstead discuss volumes flattening this week and whether the freight market has hit a bottom. They also discuss earnings from trucking companies before and after COVID-19.
On today’s episode of the podcast we are talking all about pricing and how to avoid devaluing your services plus the broker vs trucker debate.
JP Hampstead and Zach Strickland discuss the current freight climate. Contracted truckload volumes are still going down, but the pace of the decline has slowed.
Declining reefer volumes and how tender rejections have dropped to 6.82%. They also discuss the impact of COVID-19 on the maritime market.
Workers at an Amazon warehouse are protesting conditions while Instacart workers are walking off the job amid coronavirus concerns. Plus, truck drivers are scared, but still delivering and Americans learn the value of the supply chain.
This week in trucking spot rates
While this may be the peak pricing power for the carriers for this freight cycle, the carriers gain another 10 points in the DHL Supply Chain Pricing Power Index this week.
Tender rejections are often a leading indicator of spot rates and thus contract rates at a lag.
Relaxing of driver work restrictions provides breathing room to handle volume surge.
The continuation of panic buying and restocking has swung the DHL Supply Chain Pricing Power Index violently to the upside. Carriers are now in dominant pricing power position for the first time since we began this series in September.
Zach Strickland and JP Hampstead discuss the possibility of e-commerce growth, spending in the service sector, and more. While the effects are yet to be determined, drivers are still out on the road delivering goods throughout the country.
Zach Strickland and JP Hampstead talk about how consumers are spending more on groceries than normal, which is translating to higher volumes for this time of year. Fears of the coronavirus could be causing “panic buying.”
Director of Freight Market Intelligence Zach Strickland is back to chat with Director of Passport Research JP Hampstead about the state of rates this past week. They also talk about the continued impact of the coronavirus and post-Valentine’s Day freight rates.
rector of Research Kevin Hill chats with Director of Passport Research JP Hampstead about the state of rates in this first part of 2020. They also talk about research, how the Coronavirus continues to impact volumes, and the struggles of the Los Angeles market.
Director of Freight Market Intelligence Zach Strickland talks with Director of Passport Research JP Hampstead about what’s happening with rates this week.
Director of Passport Research JP Hampstead chats with Director of Freight Market Intelligence Zach Strickland to discuss what’s happening with rates this week. Listen to the podcast or watch the video.
Director of Passport Research JP Hampstead sits down with Director of Freight Market Intelligence Zach Strickland to discuss what’s happening with rates this week.
Despite strong economic data in favor of the carriers, flat volumes and loosening capacity garners a power grab by the shippers.
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.
The company describes Winmore 360° as the world’s first LSP-focused integrated software for every stage of the transportation RFP process and tendered lifecycle.
Director of Passport Research JP Hampstead and Director of Freight Market Intelligence Zach Strickland talk about what is happening with rates this week.
Tender rejections above 10 for the first time in 2019, volumes are holding and holiday rates are cheery.
Momentum for carriers holding as volumes, rejections and rates are moving in their favor.
Increased rates and signs of capacity slowly leaving the market continues the power shift towards carriers.
The DHL Supply Chain Pricing Power Index moves towards the carriers for the first time since early September.
Gross revenue and margins are in the most difficult stage of the cycle right now.
No good news for carriers besides a slight surge in volumes leading into the late Thanksgiving holiday.
Airline is first Asian carrier to adopt platform
Third-quarter earnings reports and economic data swing in carriers’ direction, but not enough to move the needle in this week’s DHL Supply Chain Pricing Power Index.
The rails managed to increase rates while trucking rates continued to compress in October.
Add USA Truck to the list of carriers finding themselves struggling to find their way in a soft freight market. The carrier found itself forced into the spot market to find freight for its trucks after making an acquisition just a year ago.
The weekly FreightWaves Pricing Power Index jumps 10 points in favor of carriers.
Brokers’ gross margins will compress unless they get shippers on board.
The FreightWaves Pricing Power Index is a new weekly feature that highlights the balance of power between shippers and carriers.
Shippers, carriers hurry to get freight out of Florida ahead of Hurricane Dorian.
McLeod built automated pricing for contract and spot and digital load matching products.
The features allows SONAR users to see how sentiment evolves over time in the freight futures market.
Contract rates are still sliding down against steady spot rates.
California’s produce shipments can wreak havoc on trucking capacity in the spring. This year’s season was s shell of the previous two.
FreightWaves Freight Intel Group predicts an increase in trucking company failures in 2019. Read why they make that prediction in this article.
The volatile 2018 freight market is still being felt throughout the nations trucking industry. The freight futures settlement
Capacity has returned to freight markets and spot rates are falling against “contract.”
Commentary by Bill Driegert, Senior Director of Uber Freight, explores the current and near-future of on-demand freight.
This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter […]
Spot rates have fallen back to 2017 levels, but costs are still on the rise for carriers. Plus, ocean container rates increased on July 1st from China to the U.S.
Spot rates have fallen back to where they were two years ago. The problem for carriers; their costs have not.
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
The truckload spot market experienced another month of softness in May, confirming recent commentary that normal seasonality isn’t taking shape.
Trucking could get hit “very hard” by an economic recession, ATA warns
We look at the trucking futures forward curve, Morgan Stanley’s index, the Coyote Curve, and projections from Susquehanna.
Capacity normally tightens into the holiday weekend, but this Memorial Day is nothing like the previous years.
Freight volumes recover from Easter lull as volumes are flat from a year-over-year perspective. Comparing load volumes is not the whole story, however.
FreightWaves has also observed downward pressure on contract rates and the beginning of a capacity bleed-off.
National freight volumes took a nosedive this week as Easter had a decent impact on the freight market, but how much of the drop is related to the holiday?
Despite a crash in truckload spot prices (approximately 50% of ECHO revenue), the freight brokerage beat analyst expectations.
Volumes are flat year-over-year, and after a brief period of disruption the freight market has stabilized. Container volumes that have fueled the port cities freight, may be due to soften in the coming months.
Today on FreightWaves NOW, Craig Fuller gives us an astounding data comparison of new truck orders correlating with spot prices, and Zach Strickland follows up with an overview of Monday–and he doesn’t have the blues because things are anomalous.
Have a strategy that you believe in and don’t forget to price in volatility, Feig said.
Market volumes remain strong from a year-over-year perspective, driven by the continued strength of the West. What does this imbalance mean for the freight market as the busy season approaches?
L.A. volumes are propping up national freight volume but starting to fade. Are there any signs of another region emerging to take over for the West Coast?
Rate increases are slowing and could even turn negative later this year, although fleet profits should remain strong for much of the year.
Large markets lost market share and reefer capacity loosened across the Midwest, but some markets look more favorable for carriers.
National freight volumes are flat year-over-year, but capacity is as loose as ever. What is driving the discrepancy?
Increasing spot rates lead carrier revenues in 2018, will revenues start to fall now that rates have started to come down again?
The boundary between spot and contract pricing is always shifting, especially when freight markets are volatile.
Robinson sees low to mid single-digit contract gains, soft spot pricing, Biesterfeld says.
