Convoy continued to introduce new innovations in 2020, helping it rank third in FreightWaves’ FreightTech 25 ranking of innovative companies in freight.
There is a strong pipeline of West Coast imports that should feed those markets well into Q1, but the retail portions will be less time-sensitive post-Christmas. The one factor that may be suppressing volumes in the holiday season is retailers’ decision to slow the velocity of their sales in the face of low inventory levels.
In the heat of peak holiday season, our thesis is largely the same: relatively tight capacity, strong volumes and positive cyclicality. The low inventory-to-sales ratio, strong consumer sentiment and spending, lack of service-based spending options and acceleration of e-commerce growth all bolster our belief.
One carrier says preparing for winter is “about training and accountability throughout the organization.”
Both truckload tenders and tender rejections rose this week. If spot rates are to continue the succinct but lagging dance with tender rejections, we should see spot rates inflate over the next two weeks. Also, with Thanksgiving just a week away, drivers will be seeking freight that drives them toward home, which typically pushes rejections and spot rates higher.
Convoy co-founder and CEO Dan Lewis sat down with FreightWaves to discuss the unusual freight market that has dominated 2020 and the future of Convoy.
We expect strong holiday truckload and parcel demand
driven by a consumer spending portfolio that has been weighted heavily toward goods over services since the pandemic began. We believe that we are now in peak season and that shippers’ requests for trucking capacity will continue to rise.
This Carrier Outlook Report — presented in partnership with SkyBitz, DDC FPO, and Transflo — is the fourth installment of a quarterly publication. This report provides a look back at 2020 and a forecast for the remainder of the year. Carrier survey results and SONAR data are included.
FreightWaves CEO announces SONAR SCI at FW LIVE @Home. SCI stands for “supply chain intelligence.” Read how SONAR SCI can help your business.
This week’s DHL Supply Chain Pricing Power Index: 80 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 75 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 65 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for […]
Freight volumes and capacity remain historically strong for carriers even though OTVI and OTRI have fallen steadily throughout October.
This week’s DHL Supply Chain Pricing Power Index: 75 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 80 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 75 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for […]
In today’s edition of The Daily Dash, a potential TRATON-Navistar tie-up moves closer to a conclusion, plus carriers still hold an upper hand in rate negotiations and early earnings results are not what people expected.
We have officially moved back into “broken record” territory that we have not seen since February. While volumes are flowing at record levels and capacity is as tight as it’s ever been, there is little volatility at the moment.
“I really see that public-facing products from the National Weather Service have improved immensely in just the past five years,” says one carrier.
Transflo has acquired Canada-based Microdea on a continued path to grow adoption of digital document workflow.
If you had told carriers they would see $3 a mile at any point during a global event like this, I believe many would have questioned your sanity. Yet, here we are with the Truckstop.com national spot rate average sitting at $2.93 per mile on Oct. 1.
This week’s DHL Supply Chain Pricing Power Index: 80 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 85 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 80 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for […]
We have gotten word that carriers are holding capacity until the end of the day before auctioning it to the highest bidder. Rates are nearing $3 per mile on a national level, and rates are already above that in 51 of 100 Truckstop.com lane pairings.
Carriers are rejecting as much freight now than at any point in the past three years. Spot rates poised to break $3/mile on a national level.
