The logistics industry is seeing rates continue to fall. How can shippers ensure success in this market before the market adjusts and rates swing back up?
Reefer rejection rates tumbled once again over the past week, and the national reefer rejection average is now below 40% for the first time since the second week of September.
Learn more about CIE Manufacturing’s Pioneer Container Chassis line.
There are many variables converging that will keep upward pressure on spot rates and tender rejections for the coming weeks. Carriers will be able to squeeze extra cents per mile over the next couple of weeks. Assets will come back online sooner rather than later, but volumes are beginning to pick up both seasonally and due to a whipsaw effect from the storm.
We may be seeing signs of a traditional January lull, but at a much higher level than years past. On a rejection-adjusted basis, tender volumes are running up 23% yoy versus 20% last week. Tender rejections continue to decline modestly, but carriers are still rejecting more than 1-in-5 contracted tenders. Stimulus can only carry the freight markets so long. Fortunately, the industrial economy is revving up and retailers have significant restocking ahead.
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) […]
While OTRI has fallen ~5% off the Labor Day peak, it remains at a remarkably high 25.66%. This indicates that nearly one in four loads is still being rejected at contracted rates across the country.
This week’s DHL Supply Chain Pricing Power Index: 80 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 85 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 80 (Carriers) […]
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.
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) […]
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.
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.
Carriers give back pricing power as volumes and rejections rates plummet. Spot rates are negative week-over-week for 95% of lanes from Truckstop.com.
National freight volumes and tender rejections are falling as fast as they rose. Carriers remain in slight pricing power position, but their footing is slipping with each passing week,
American consumers are panic buying goods from every aisle. To meet this spike in demand, shippers must procure trucking capacity at higher-than-contracted rates creating a significant 15 point swing to the carriers.
Snow, rain and wind may slow down truckers this weekend in some Eastern high-volume markets. Overall impacts should be manageable.
The carriers gained pricing power this week as volumes jumped over 6%, capacity tightened slightly and spot rates increased across the country.
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.
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.
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.
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
Spot-heavy 3PLs are looking for freight while brokers with good contract relationships are getting rewarded.
The United States is in the midst of a building boom for industrial space as the logistics market struggles to accommodate surging e-commerce demand.
On today’s episode, George Abernathy, Zack Strickland, and JP Hampstead discuss volume in the marketplace year after year.
On today’s episode, George Abernathy, Zack Strickland, and JP Hampstead discuss volume in the marketplace year after year.
The number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and higher average mileage.
BoxLock- The Lost Package Problem
For the trucking market, the third quarter has been stronger than the second, but no one would know it
According to ACT Research, preliminary North America Classes 5-8 net order data show the industry booked 58,800 units in December, bringing the full-year net order tally to 543,400. That is an 11% improvement over November and 35% above December 2016.
