Southern California has become the hot spot for freight in the post COVID-19 freight market. Could it be the region to tell us what’s next?
A decline in contract rates that were implemented prior to the COVID-19 outbreak may make this year tighter for carriers.
A lot of the recent struggles for carriers originated in what many consider to be the most profitable year.
Produce season has arrived, pushing rates higher than 2019 in many areas. Will this impact the rest of the country’s capacity?
Freight moving long distances in May might lead to a strong summer peak.
Imports of nondurable goods are outperforming durable goods imports this month, which may indicate warehouses are full of their durable counterparts due to lack of demand.
Chart of the Week: Outbound Tender Volume Index– USA SONAR: OTVI.USA After experiencing one of the most volatile periods in history over the past two months, freight market volumes have recovered to February levels in the past week. February is not a great month for freight traditionally speaking but considering a month ago volumes were running 15-20% […]
Reefer capacity has started to show early signs of tightening after experiencing the loosest conditions in years in April. Will van capacity follow suit?
Chinese imports have fully recovered. Does this mean the domestic trucking market will see a similar outcome?
Many expected a worse outcome for carriers in March as a result of the COVID-19 outbreak. Ironically, the pandemic may have padded some 1Q results.
Carriers are getting more notice to pick up loads. Is this a result of Amazon relaxing their service expectations?
The maritime shipping companies have been able to increase their rates amidst the COVID-19 induced shut down. Is this a sign of things to come for domestic carriers?
Even as freight volumes surged to record levels in March, drivers spent less time driving.
Air cargo rates spike in the wake of the coronavirus outbreak. Medical supplies are in high demand while much of the air capacity is grounded.
Trucking capacity is the tightest it has been in 17 months thanks to the surging volumes, but all signs point to this being a short-lived event.
Import volumes are showing the first signs of recovery since the initial decline in early February.
Chart of the Week: Outbound Tender Volume Index – USA SONAR: OTVI.USA People have been clearing store shelves in parts of the country as if they were preparing for a zombie apocalypse this past week. This mass purchasing—or threat thereof—has spiked trucking volumes in the U.S. as the national Outbound Tender Volume Index (OTVI) increased […]
Container shipping rates from China to the U.S. west coast and international intermodal volume out of the L.A. port complex are both at or below last year’s seasonally-weak Chinese New Year Period. Extended factory shutdowns to prevent the spread of the coronavirus may inhibit a March or April rebound.
Not only were volumes lower in 2019, but they traveled less miles, which compounded the impact of oversupply. Volumes have not recovered, but something else has changed that may help carriers this year.
Transport earnings were rough but may have bottomed.
