Zach and Anthony talk about the latest coronavirus developments on transportation, the main functions of a freight forwarder and recent economic developments.
The carriers gained pricing power this week as volumes jumped over 6%, capacity tightened slightly and spot rates increased across the country.
FreightWaves SONAR clients will have access to Truckstop.com rates
Each week, FreightWaves will release a short video highlighting the top moving markets around the country using our proprietary datasets.
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.
The coronavirus has made its first impact upon the American economy – the stock market. The novel virus is also impacting import volumes from China and the effect will quickly trickle into the trucking market. It has not yet, but will soon. This week, spot rates bounced back slightly with a bump in outbound volumes. Capacity remains very loose.
FreightWaves CEO Craig Fuller writes about FreightWaves third birthday, and the company’s past, present and future.
Anthony and Zach explain the primary cost drivers of operating a trucking company and the market influences that drive the pricing volatility on both contracted and transactional freight movements. Also, an update on the coronavirus situation and what we are seeing in the economy today that may affect your life tomorrow.
Each week, FreightWaves will release a short video highlighting the top moving markets around the country using our proprietary datasets. Included in this weekly update will be a combination of freight volumes, capacity and more to give viewers a deep understanding of which markets to notice. The Outbound Tender Volume Index (OTVI) is SONAR’s proprietary […]
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.
This week, the shippers gain pricing power for the 5th time in the first seven weeks of 2020. Volumes are flat, rejection rates are low and rates are even lower.
Spot freight may only account for 10-20% of total freight moved in the U.S., but its activity paints the picture of the entire freight market. Tom Mallon joins to discuss the direction of rates in 2020. Also; Coronavirus update along with the current state of the market as well as recent economic releases.
Transport earnings were rough but may have bottomed.
In a monotonous week in the freight industry, we believe neither the shippers nor carriers gained any pricing power.
Lead Economist, Anthony Smith takes the reigns on this macro edition of Freightonomics. He chats with a diverse panel of guests about ways to optimize performance across business areas in a sluggish freight economy. Listeners will learn how to navigate today while preparing for the future of freight. Apple Podcasts Spotify Stitcher Watch the video
Diesel costs were supposed to make 2020 more difficult for struggling carriers, but wholesale fuel prices have fallen rapidly, which should help carriers in the slow season.
Shippers gain another 5 points of pricing power in this week’s DHL Supply Chain Pricing Power Index.
Anthony and Zach, along with special guest Donny Gilbert, take a deeper dive into the freight market trailer pool and discuss the types of freight they haul, their characteristics, and their place in the broader market. Additional topics include another California regulation, coronavirus, and the surprising jump in the PMI.
The coronavirus is having a far-reaching impact across the globe. The timing may make things worse for domestic trucking.
FreightWaves SONAR has new information for subscribers.
