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Michael Rudolph

Michael Rudolph is a research analyst at FreightWaves and is a former freight broker. Prior to entering the logistics industry, Michael worked in academia. He holds an MA from the University of Chicago.
Mar - 2024 -
01 March
Michael Rudolph

Beware the false spring

Even as carriers’ pricing power deteriorated, freight demand was consistently robust throughout February.

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Feb - 2024 -
26 February
Michael Rudolph

Threat of strike looms large over East, Gulf Coast ports

Dockworkers are fully prepared to swap pallet jacks for picket signs come October.

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19 February
Michael Rudolph

War risk exclusions by insurers heighten stakes in Red Sea attacks

A recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.

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12 February
Michael Rudolph

Despite dim outlook, January imports grew at fastest pace in 7 years

A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.

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09 February
Michael Rudolph

The long road to recovery

The early stages of this recovery are characterized by a rebalancing market, a return to normalcy after a four-year roller coaster of volatility.

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05 February
Michael Rudolph

Red Sea turmoil drives Chinese exporters to rail, other alternatives

A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.

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Jan - 2024 -
16 January
Michael Rudolph

Now is the time to sharpen your sword — Taking the Hire Road

On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Sepeti Moala, vice president of client success at Transportation Marketing Group.

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12 January
Michael Rudolph

Crosswinds threaten soft landing

The sustained imbalance between supply and demand has yet to be corrected, such that only an unprecedented tidal wave of demand could satisfy the current amount of capacity in the national freight economy.

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11 January
Michael Rudolph

Harnessing technology for supply chain management at FIU Business

Florida International University College of Business’s Dr. Patrucco teaches novel approaches to buyer-supplier relationships.

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05 January
Michael Rudolph

Better late than never

Spot rates did eventually see a boost at the start of the new year, albeit one that was unable to meet our prior forecasts.

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Dec - 2023 -
28 December
Michael Rudolph

Standing out in a crowd — Taking the Hire Road

On this week’s episode of Taking the Hire Road, guest host Leah Shaver, president and CEO of the National Transportation Institute, is joined by Sean Horton, VP of sales at JobsInLogistics.com.

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21 December
Michael Rudolph

Reshaping the perception of trucking for a new era — Taking the Hire Road

On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Chris Woody, director of safety at The M&W Logistics Group.

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19 December
Michael Rudolph

How FIU Business is guiding next generation of logistics professionals

Florida International University College of Business’ Michael White brings his executive wisdom to the classroom.

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15 December
Michael Rudolph

It’s beginning to look a lot like … 2021?

Tender volumes began to outpace 2020 earlier this week and are now marching toward favorable comparisons with 2021.

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Michael Rudolph

Sleep smarter, drive safer — Taking the Hire Road

On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Dr. Abhinav Singh, a board-certified physician with decades of experience in sleep medicine.

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11 December
Michael Rudolph

Shaping the future of supply chain management at FIU Business

Florida International University College of Business’s Dr. Maloney argues for a holistic, but not purely academic, understanding of supply chains.

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08 December
Michael Rudolph

Steady as she goes

Volumes are leveling out at the start of December, delaying the seasonal dip that ordinarily occurs at this time of the year.

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Michael Rudolph

Lessons on reaching trucking’s next generation — Taking the Hire Road

On this week’s episode of Taking the Hire Road, guest host Leah Shaver, president and CEO of the National Transportation Institute, is joined by Anthony Book, VP of sales and marketing at Long Haul Trucking.

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01 December
Michael Rudolph

The most wonderful time

Tender volumes were outpacing 2022 levels before the holiday and came within spitting distance of 2020 — freight demand’s second-best year on record.

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Nov - 2023 -
30 November
Michael Rudolph

Lessons from across the pond — Taking the Hire Road

On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Simon Curtis, CEO of Career Driver and director of Curtis Gabriel.

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28 November
Michael Rudolph

Show up for yourself to show up for others – Taking the Hire Road

On this week’s episode of Taking the Hire Road, guest host Leah Shaver, president and CEO of the National Transportation Institute, is joined by Eileen Dabrowski, director of learning, development and marketing at ReedTMS Logistics.

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24 November
Michael Rudolph

Leveraging associations and networking in tough economy – Taking the Hire Road

On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Amber Edmondson, president and CEO of Trailiner Corp.

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13 November
Michael Rudolph

DriverReach rolls out driver qualification checklist – Taking the Hire Road

On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Sam Bloomquist, the organization’s chief operating officer and CPO.

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10 November
Michael Rudolph

The minor fall and the major lift

This week, freight markets underwent a surprising rally that saw a wave of volumes sweep across the country.

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03 November
Michael Rudolph

Death by a thousand cuts

Domestic manufacturers fail to inspire optimism, since they foresee major headwinds on output in the first half of 2024.

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Oct - 2023 -
27 October
Michael Rudolph

Pumping the brakes

The upcoming months are littered with major holidays during which carriers can leverage seasonal constraints on capacity for higher spot rates.

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20 October
Michael Rudolph

Seasonal depression

Outside of the holiday rush periods, the fundamental lack of freight demand will continue to expose the lingering overcapacity in the market.

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13 October
Michael Rudolph

Business as usual?

Given the surplus of available capacity, shippers are more confident in switching to “just-in-time” freight strategies as consumer resilience remains an open question.

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Sep - 2023 -
29 September
Michael Rudolph

Under pressure

By next week, it is likely that actual freight flow will have finally risen on a yearly basis for the first time since May 2022.

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22 September
Michael Rudolph

Playing the waiting game

Consumer demand during the holiday season is expected to be relatively soft, which should temper expectations for a red-hot peak season in truckload markets.

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15 September
Michael Rudolph

Reading the tea leaves

Perhaps the most pressing question for both freight markets and the broader economy is how the consumer will fare in the coming months.

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08 September
Michael Rudolph

Markets clock out on Labor Day

Rejection rates gathered some promising momentum in the run-up to Labor Day, though these gains are slowly being lost.

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01 September
Michael Rudolph

Back despite popular demand

After a none-too-brief break, the Pricing Power Index is resuming its regular Friday schedule.

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Jul - 2023 -
28 July
Michael Rudolph

Unfasten your seat belts

Against significant odds, the Federal Reserve might realize its once-unlikely goal of a “soft landing” — that is, taming inflation without also triggering a recession.

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14 July
Michael Rudolph

Bottom’s up!

Demand from retail shippers is historically quiet in the period from now until August, after which retailers restock their shelves for the back-to-school season.

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07 July
Michael Rudolph

Summer’s lease has all too short a date

Demand from retail shippers is historically quiet in the period from now until August, after which retailers restock their shelves for the back-to-school season.

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Jun - 2023 -
30 June
Michael Rudolph

No freight market fireworks in 2023

Maritime’s peak season — which typically ramps up in August and lasts throughout October — is expected by retailers and supply chain professionals to be weaker than it has been in previous years.

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09 June
Michael Rudolph

No cure for the summertime blues

Tender rejections have yet to return to mid-May’s all-time low, but their softness could persist in a trough for the next two quarters.

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02 June
Michael Rudolph

June bugs and gold bugs

One last round of bad news to cap this week: China and the U.S. both posted dismal data from their respective industrial economies.

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May - 2023 -
26 May
Michael Rudolph

Memorial Day might instead signal mayday

Volumes did see some growth ahead of the upcoming Memorial Day holiday, though not nearly enough to bust out the champagne and sparklers.

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19 May
Michael Rudolph

Puttin’ on the Blitz

So as not to bury the lede, this week’s lack of change in the PPI might ultimately prove to be the most exciting stability in quite some time.

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12 May
Michael Rudolph

May flowers wither on the vine

Despite expectations for seasonal growth in the second quarter, the health of the American consumer has continued to become more precarious, stirring headwinds for even once-reliable sources of freight.

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Apr - 2023 -
28 April
Michael Rudolph

The more things change …

Volumes are just beginning to tick up at the tail end of April, but freight demand in the quarter has been mostly flat and thus grossly unseasonable.

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07 April
Michael Rudolph

No motion in the ocean (markets)

While ocean carriers are not facing the same risks as their domestic trucking counterparts, given their consolidation and enormous war chests, ocean’s weakness in demand will continue to trickle down into truckload markets.

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Mar - 2023 -
31 March
Michael Rudolph

Too early for an April Fools’ joke

Despite seeing slight seasonal growth, truckload markets are showing a continued soft patch.

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24 March
Michael Rudolph

Empty wallets threaten seasonal growth

The gap between current levels of freight demand and those of 2019 is narrowing, casting doubt on the market’s ability to sustain growth.

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17 March
Michael Rudolph

Freight markets are stuck in the doldrums

The consumer will be key to resolving the present tension in freight demand’s future, but consumers continue to be predictably unpredictable.

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10 March
Michael Rudolph

The calm before the storm

Market conditions will likely become a bit more favorable before they get much worse.

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03 March
Michael Rudolph

La estacionalidad no puede salvar un mercado maltrecho 

Índice de poder de fijación de precios de la cadena de suministro FreightWaves de la semana pasada: 30 (Cargadores) Perspectivas a tres meses del Índice FreightWaves de Poder de Compra […]

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Feb - 2023 -
17 February
Michael Rudolph

Bears and bulls duke it out, signaling hazard

Strangely enough, tender volumes are abiding by seasonal trends. The first quarter of 2022 was unusually active as shippers tried to get ahead of disruptions to capacity, which historically tightens in the spring.

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10 February
Michael Rudolph

Risky business throttles cruise control

With the inflation-squeezed consumer running through their discretionary budgets, freight demand is in a precarious state.

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03 February
Michael Rudolph

Spot markets are flatlining

Consumers’ appetite for discretionary spending has been usurped in favor of squirreling away income into personal savings.

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Jan - 2023 -
27 January
Michael Rudolph

Markets are bad, but they could be worse

Volumes have continued their recovery from the winter holiday season with a surge in pent-up freight demand unleashed into the market. Naturally, since last week’s data was affected by holiday noise, the Outbound Tender Volume Index (OTVI) faces some absurdly easy comps on a weekly basis. Even still, accepted tender volumes remain below their levels of 2021 and ’22 for the time being. 

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13 January
Michael Rudolph

Freight outlook for January is grim but seasonal

Volumes have continued their recovery from the winter holiday season with a surge in pent-up freight demand unleashed into the market. Naturally, since last week’s data was affected by holiday noise, the Outbound Tender Volume Index (OTVI) faces some absurdly easy comps on a weekly basis. Even still, accepted tender volumes remain below their levels of 2021 and ’22 for the time being. 

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06 January
Michael Rudolph

Freight markets stir after holiday slumber

For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this movement is not alarming by itself. Rather, the gap in freight demand between 2022 and ’21 (or even ’20) is the main symptom of current ailments.

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Dec - 2022 -
16 December
Michael Rudolph

Current trends give a sneak peek into weak 2023

For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this movement is not alarming by itself. Rather, the gap in freight demand between 2022 and ’21 (or even ’20) is the main symptom of current ailments.

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09 December
Michael Rudolph

Contract market contracts, squeezing larger carriers

Contrary to popular opinion, December is not a peak season for freight. True, the freight that needs to be moved in this month typically has greater urgency than usual, which does put upward pressure on carrier rates. But peak truckload volumes are largely influenced by maritime imports, which historically peak between July and September.

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02 December
Michael Rudolph

Freight markets are feeling an early freeze

Historically, November is the month in which maritime imports begin to move inland for their final push before the holiday shopping season. Yet such imports were lost at sea this year, failing to materialize during ocean shippers’ peak season. This one-two punch of weakened import volumes and overstocked retail inventories means that carriers are left with fewer opportunities to source freight.

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Nov - 2022 -
18 November
Michael Rudolph

Holiday gains are nowhere in sight

Historically, November is the month in which maritime imports begin to move inland for their final push before the holiday shopping season. Yet such imports were lost at sea this year, failing to materialize during ocean shippers’ peak season. This one-two punch of weakened import volumes and overstocked retail inventories means that carriers are left with fewer opportunities to source freight.

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11 November
Michael Rudolph

Middling markets show no signs of peaking

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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Oct - 2022 -
28 October
Michael Rudolph

Carriers get their freight frights just in time

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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14 October
Michael Rudolph

Carriers’ pricing leverage suffers a harsh blow

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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Sep - 2022 -
30 September
Michael Rudolph

Freight markets see little change this week

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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23 September
Michael Rudolph

Truckload markets resume their decline

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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16 September
Michael Rudolph

The market shakes off its holiday hangover

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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09 September
Michael Rudolph

Freight clocks out for Labor Day

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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02 September
Michael Rudolph

Freight demand, rejection rates remain relatively stagnant

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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Aug - 2022 -
19 August
Michael Rudolph

Chicken Little is proved to be an optimist

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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12 August
Michael Rudolph

Industry eyes are wide shut

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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05 August
Michael Rudolph

Contract rates are puzzling; tender rejections flirt with sub-6% levels

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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Jul - 2022 -
22 July
Michael Rudolph

Have contract rates begun their Q3 decline?

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

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15 July
Michael Rudolph

Small carriers are facing pressure from multiple sources

In the nine days since July began, OTRI fell 141 basis points (bps) to its lowest level in over two years: 6.7%. In the three days following that bottom, OTRI clawed back 50 bps. At present, however, it seems as though any upward momentum upon which it could have built has been lost.

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14 July
Michael Rudolph

When (and by how much) will shippers shift to the spot market?

After a record year of freight demand in 2021, carriers playing in the spot market benefited from a blank check when naming rates. The federal stimulus enabled consumers to pay […]

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08 July
Michael Rudolph

Freight demand takes summer dip as rejection rates tumble

Volume levels are depressed this week by Monday’s holiday. The national average rate of tender rejections sunk below 7% late in the week, but linehaul spot rates…

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01 July
Michael Rudolph

In the last week of Q2, freight demand rises only slightly

Volume levels have made a final push before the second quarter ends. The national rejection rate has recovered from its earlier dip below 8%…

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Jun - 2022 -
24 June
Michael Rudolph

Rejection rates continue to fall, leading to depression in the spot market

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 8%…

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17 June
Michael Rudolph

Freight demand succumbs to headwinds as spot rates continue to slide

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…

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10 June
Michael Rudolph

Volumes recover from post-holiday depression, rejections take a dive

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…

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08 June
Michael Rudolph

Agentes de carga: ¿Cómo se mide su salario? 

En la era del trabajo a distancia, aprovechar las ubicaciones comerciales de menor costo puede liberar dinero para una mayor compensación

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Michael Rudolph

Freight brokers: How does your pay measure up?

A FreightWaves survey of freight brokers found significant differences in entry-level base pay and commission rates by region.

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03 June
Michael Rudolph

Memorial Day throws off tender volumes and rejection rates this week

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…

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May - 2022 -
27 May
Michael Rudolph

Volume levels and rejection rates rally in time for Memorial Day weekend

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…

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20 May
Michael Rudolph

Volumes, rejections and rates crab walk the market to a low boil

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…

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13 May
Michael Rudolph

Volumes are flatlining as spot rates slide further

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…

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06 May
Michael Rudolph

Falling tender volumes erase most of last week’s gains

Volume levels have restarted the decline after recovering after Easter Weekend. The national rejection rate has fallen below 9%…

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Apr - 2022 -
29 April
Michael Rudolph

Shippers are back in the driver’s seat on rates

Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…

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08 April
Michael Rudolph

Accepted tender volume rebounds over year-ago levels against soft comps

Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…

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01 April
Michael Rudolph

National tender rejections nose-dive as freight demand decline continues

Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…

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Mar - 2022 -
25 March
Michael Rudolph

National tender rejection rates fall under 16% for first time in nearly 2 years

Both tender volumes and tender rejection rates take a breather over the past week. It’s too early to be called a trend but definitely…

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18 March
Michael Rudolph

Freight volume is deflated by rising costs against seasonal expectations

Both tender volumes and tender rejection rates take a breather over the past week. It’s too early to be called a trend but definitely…

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