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Tony Mulvey

Tony Mulvey joined the FreightWaves team as an analyst focused on producing equity-like multi-modal research for the transportation industry. Prior to FreightWaves, Tony received a Bachelor’s degree in Economics from the University of Tennessee.
Sep - 2024 -
30 September
Tony Mulvey

Market closing September on a sour note

Tender volumes, tender rejection rates and spot rate all drop in the final full week of the third quarter.

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23 September
Tony Mulvey

Steady as can be

Tender volumes have started to flatten out while tender rejection rates have picked up a little steam this week.

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16 September
Tony Mulvey

Hurricane Francine does nothing to help freight market

Tender volumes have continued to show strength, but the market remains oversupplied. Hurricane Francine had little impact on the market

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09 September
Tony Mulvey

Labor Day sadness

Tender rejection rates suffered the largest weekly decline in the past 6 weeks while tender volumes are being impacted by the holiday weekend

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02 September
Tony Mulvey

Market rises into Labor Day but falls well short of Fourth of July

Tender volumes closed August higher, up 3.13% year over year. A slight rise in rejection rates before Labor Day was still below July peaks.

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Aug - 2024 -
26 August
Tony Mulvey

Labor Day impacts yet to arrive

Tender volumes increased over the past week, while tender rejection rates remained unchanged. The next week will be important for the direction of the freight market in the fourth quarter.

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19 August
Tony Mulvey

Stability reigns supreme in August

Tender volumes started to gain a little positive momentum over the past week while tender rejection rates inched slightly lower…

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12 August
Tony Mulvey

Stable start to August

The freight market is fairly stable to start August as spot rates and tender rejection rates experienced little change week over week…

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05 August
Tony Mulvey

Putting a bow on July

Spot rates moved slightly higher in the final week of July, while rejection rates and volume levels continued to retreat from recent highs.

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Jul - 2024 -
29 July
Tony Mulvey

Late July cool-off

Spot rates have retreated off their recent high, but remain elevated compared to the rest of the year while demand and rejection rates are following seasonal trends.

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22 July
Tony Mulvey

Shaking off the summer doldrums

The freight market is appearing to stabilize at higher levels after the Fourth of July, setting up for a better second half of 2024.

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12 July
Tony Mulvey

Post-Fourth of July blues

The freight market was more reactive to the Fourth of July holiday than the year prior, but capacity has been quick to return to the road.

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Jun - 2024 -
14 June
Tony Mulvey

Feels like summer

Volumes, rejection rates and spot rates remain elevated, setting the stage for the summer months.

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07 June
Tony Mulvey

Post-holiday bump setting the stage for summer

Volumes, rejection rates and spot rates remain elevated following the Memorial Day holiday, setting the stage for the summer months.

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Apr - 2024 -
29 April
Tony Mulvey

Port roundup: Strong annual growth across the board

Despite the timing of the Lunar New Year, import volumes at three of the largest U.S. ports rose year over year.

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12 April
Tony Mulvey

Descartes: Container import volume trajectory is strong

The East and Gulf Coast ports continue to take market share from the largest West Coast ports, which had a challenging March.

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Mar - 2024 -
25 March
Tony Mulvey

Port Houston shows import strength in February

Port Houston reported strong imports after a soft January as general cargo tonnage represented nearly 40% of total import tonnage in the month.

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08 March
Tony Mulvey

Carriers’ pricing power slipping amid continued Red Sea conflict

The initial shock factor is waning and ocean spot rates are losing momentum across the globe.

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01 March
Tony Mulvey

Restocking boosts January US port activity

The CEO of the Port of Long Beach boss cited restocking ahead of the Lunar New Year as the driver for import growth in January.

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Feb - 2024 -
20 February
Tony Mulvey

Are ocean spot rates past their peak?

Spot-exposed carriers are likely to see a boost to their Q1 2024 financials.

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15 February
Tony Mulvey

Port of Los Angeles shines in January

Port director Gene Seroka cited replenishing inventory and consumer spending as drivers of growth.

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08 February
Tony Mulvey

Water level projections threaten future Panama Canal transits

Hopes for a significant rebound in Panama Canal water levels to boost throughput will likely be met with a harsh reality over the next few months.

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Jul - 2023 -
21 July
Tony Mulvey

10 days’ notice

Freight volumes continue to trend sideways, which is a positive sign overall as the 15th of July traditionally marks a time for slowing demand in the freight market.

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Nov - 2022 -
02 November
Tony Mulvey

C.H. Robinson stock sinks on revenue, earnings miss

Forwarding income from operations was nearly cut in half and truckload prices to customers fell by double digits year over year.

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Oct - 2022 -
07 October
Tony Mulvey

Hurricane Ian brings positive rate pressure, but for how long?

Hurricane Ian boosted spot rates in the southeast over the past 10 days, but as rejection rates and volumes decline, when will spot rates on a national level take another step lower.

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Aug - 2022 -
26 August
Tony Mulvey

A stable week paves the way for lower rates

Contract and spot rates continue their downward trend despite volume levels and rejection rates flattening out…

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Jul - 2022 -
27 July
Tony Mulvey

C.H. Robinson surpasses profitability expectations

Robinson’s NAST revenue rises despite LTL volume declines and modest TL growth.

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Tony Mulvey

C.H. Robinson supera las expectativas de rentabilidad 

El beneficio por acción del 3PL aumentó un 85,4% interanual hasta los 2,67 dólares

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Apr - 2022 -
22 April
Tony Mulvey

Shippers take pricing power as softening conditions continue

Spot rates continue the rapid descent as truckload capacity continues to loosen rapidly. At the same time, accepted tender volumes turn…

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15 April
Tony Mulvey

Rejection rates continue rapid descent, pulling rates down with them

Tender rejection rates are rapidly headed toward single digits, causing spot rates to resemble a black diamond slope rather than the bunny…

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Mar - 2022 -
11 March
Tony Mulvey

Falling rejection rates prop up a truckload market with middling freight demand

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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04 March
Tony Mulvey

Freight volume remains strong in run-up to produce season

Tender volumes recover most of last week’s decline while rejection rates continue their slow downward trend despite contract rate increases…

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Feb - 2022 -
25 February
Tony Mulvey

Tender volumes slump as current contract rates find solid footing

Tender volumes take a February nap, sliding 4% over the past week while rejection rates were flat despite weather affecting certain markets..

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18 February
Tony Mulvey

Spot rates and rejection rates slide but carriers reluctant to give up pricing power

Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…

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11 February
Tony Mulvey

Carriers headed to the large markets but reluctant to give up pricing power

Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…

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04 February
Tony Mulvey

Carriers reject 1-in-5 loads, signaling who has the upper hand in pricing

Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…

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Jan - 2022 -
28 January
Tony Mulvey

Carriers remain in the driver’s seat when naming rates

Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…

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21 January
Tony Mulvey

Carriers hesitant to give any pricing power back to shippers

Tender volumes continue to outperform year-ago levels. Rejection rates are continuing to rise in a unseasonable pattern placing pressure…

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14 January
Tony Mulvey

Record high rates keep pricing power in carriers’ hands

Rates reach new highs as capacity was slow to return to the road following the holidays. Tender volumes are soaring as demand is unrelenting…

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07 January
Tony Mulvey

Carriers start 2022 with pricing power firmly in their grasps

Truckload volumes are beginning to erase holiday noise associated with Christmas and New Year’s. Rejection rates are staying elevated…

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Dec - 2021 -
31 December
Tony Mulvey

Where did all the truckload capacity go?

After a year of record revenue, carriers are staying of the road during the holiday weeks, holding rejection rates higher for longer…

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28 December
Tony Mulvey

Holidays place pricing power firmly in carriers’ hands

Rejection rates are now back above 22%, the highest level since early September. Pricing power moved further to carriers despite the holiday related tender volume collapse.

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21 December
Tony Mulvey

Carriers claw back pricing power as rejections move higher

Rejection rates have surged past the 21% level on the national level. Meanwhile, volumes have turned positive year-over-year. The combination of tightening capacity and stronger demand is placing upward pressure on rates.

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17 December
Tony Mulvey

Carriers maintain pricing power as rejection rates rise for the holidays

Volumes turn downward heading into the Christmas week while rejection rates have rebound back above 20%. Carriers still maintain a firm grip on pricing power in the market.

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15 December
Tony Mulvey

Carriers not giving up pricing power during the holiday season

Volume levels are following a similar trend to 2019, just 40% higher. Tender rejection rates are trending sideways, likely to move higher over the next week.

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10 December
Tony Mulvey

Rates trending higher on dense lanes signal carrier maintain pricing power

Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.

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08 December
Tony Mulvey

Carriers hold on to power as rates increase again

Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.

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03 December
Tony Mulvey

Thanksgiving noise gone, difficult capacity conditions continue

Tender volumes have started to erase the Thanksgiving noise. At the same time, rejection rates have plateaued around the 20% mark.

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01 December
Tony Mulvey

Thanksgiving drives spot rates higher

Thanksgiving noise continues to mask freight volumes, but that noise will be erased in the upcoming days. Meanwhile, Thanksgiving drove spot rates higher over the past week.

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Nov - 2021 -
26 November
Tony Mulvey

Thanksgiving noise masks where freight market stands

Thanksgiving always leads to a sharp decline in tender volumes. Leading into Thanksgiving freight markets experienced an uptick in accepted volumes.

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23 November
Tony Mulvey

Thanksgiving week means tighter capacity and higher volume levels

Spot rates didn’t experience the uptick that rejection rates did last week. Thanksgiving is impacting both freight volumes and capacity.

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19 November
Tony Mulvey

Holiday impacts starting to hit truckload market

Rejection rates have accelerated over the past week as drivers start to come off the road for the holiday.

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17 November
Tony Mulvey

Capacity tightening ahead of Thanksgiving week

Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.

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12 November
Tony Mulvey

Shippers should be hesitant to push down rates just yet

Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.

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10 November
Tony Mulvey

Sluggish November start, but shippers haven’t taken back pricing power

Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels. Tightness in Southern California will put upward pressure on rates.

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05 November
Tony Mulvey

November starts slow, but elevated levels keep pricing power with carriers

Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels. Tightness in Southern California will put upward pressure on rates.

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02 November
Tony Mulvey

Freight markets find stability during final week of October

Tender volumes rebound as tender rejection rates jump back over 20%. Meanwhile, spot rates break the three-week downward decline.

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Oct - 2021 -
29 October
Tony Mulvey

Conditions have improved, still remarkably difficult heading into peak season

Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.

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26 October
Tony Mulvey

Shippers claw back some pricing power but rates are still elevated

Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.

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22 October
Tony Mulvey

Large markets gaining steam ahead of peak season

Freight volumes in the largest markets are starting to accelarting, signaling the start of the peak truckload season.

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19 October
Tony Mulvey

Southern California strength places pricing power with carriers

Freight volumes in Southern California are starting to ramp, signaling the start of the peak truckload season.

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15 October
Tony Mulvey

Carriers firmly grasp pricing power as volume levels slide

Elevated accepted tender volumes and rates signal that carriers are maintaining pricing power. Truckload capacity constraints are easing as contract rates climb.

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08 October
Tony Mulvey

Carriers hold pricing power after sluggish start to Q4

Strong freight volumes signal that carriers are firmly in the driver seat with regards to pricing power.

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01 October
Tony Mulvey

Carriers grip pricing power firmly as Q3 comes to a close

Strong freight volumes signal that carriers are firmly in the driver seat with regards to pricing power.

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Sep - 2021 -
24 September
Tony Mulvey

Pricing power firmly in carriers’ hands as rates snap back

Spot rate snap back signals that carriers are firmly in the driver seat with regards to pricing power.

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17 September
Tony Mulvey

Erasing Labor Day noise as load volumes set new all-time high

In this sensitive market, small changes to the balance have deep, long lasting impacts.

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Oct - 2020 -
28 October
Tony Mulvey

Echo smashes estimates, reporting record revenue and volume

In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by […]

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Jul - 2020 -
22 July
Tony Mulvey

Echo beats on both revenue and earnings

In second-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported gross revenues fell by 7.1% on […]

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