The publicly traded Class I railroads expect rail volumes to improve this year despite severe winter weather curtailing operations in February.
To discuss solutions to shippers’ real-time and rapidly changing procurement needs, FreightWaves is partnering with Uber Freight to present an hour-long webinar on Wednesday, March 17 at 2pm ET. Featured speakers include Joe Shone, Head of Enterprise Product Sales at Uber Freight, Harris Ligon, Senior Manager of Strategy & Planning at Uber Freight, and Tim Melhuish, Manager of Sales Operations at Uber Freight.
An economic outlook report from truckload carrier U.S. Xpress calls for tight truckload dynamics to remain in place at least through the third quarter. The forecast calls for contractual rates to increase as high as 15% in the year.
UBS equity research analyst Tom Wadewitz’s 2021 outlook calls for a continuation of healthy freight activity during the first half of the year with a little more uncertainty in the back half.
In the first half of 2021, truckload volumes and prices will continue to go up as they have in the second half of 2020.
Sell-side research analysts have made their bets on trucking in 2021. Some believe a continuation in consumer spending and inventory restocking will benefit truckload carriers while others see less-than-truckload carriers gaining traction as the industrial economy advances.
For this study, FreightWaves partnered with Redwood Logistics to assess the current state of the manufacturing industry.
The bond credit ratings firm updates its outlook for the freight rail industry from negative to stable amid rising rail volumes.
