Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
With the goal of becoming more competitive and efficient in today’s evolving truck transportation market, shippers are looking for large carriers for partnership from beginning to end.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Kellogg Co. was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.
Even in a loose market, technological solutions aimed at optimizing freight movements remain useful.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
In the nine days since July began, OTRI fell 141 basis points (bps) to its lowest level in over two years: 6.7%. In the three days following that bottom, OTRI clawed back 50 bps. At present, however, it seems as though any upward momentum upon which it could have built has been lost.
Volume levels are depressed this week by Monday’s holiday. The national average rate of tender rejections sunk below 7% late in the week, but linehaul spot rates…
Learn how Concept Logistics is Using Parade and Tai Customization to Perfect Their Tech Stack
Volume levels have made a final push before the second quarter ends. The national rejection rate has recovered from its earlier dip below 8%…
In the upcoming quarter, Trucker Tools will home in on the broker and carrier relationship by introducing a couple of mutually beneficial tools.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 8%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Rising fuel costs have affected every link in the supply chain across all modes of transportation.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Pitney Bowes Parcel Shipping Index predicts record numbers ahead
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Primo is looking to change logistics industry norms by partnering with companies in the industry to teach them how to provide new services to their customers.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
The way that transportation has been traditionally bought and sold has left shippers and transportation providers siloed and connected only to those partners within their existing network.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
In order for freight operations to run smoothly, the relationship between carriers and shippers should be strong.
Volume levels have restarted the decline after recovering after Easter Weekend. The national rejection rate has fallen below 9%…
Parade’s leading software learns from every carrier interaction received to better match brokers with the right carriers.
Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…
Spot rates continue the rapid descent as truckload capacity continues to loosen rapidly. At the same time, accepted tender volumes turn…
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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FreightWaves’ Thomas Wasson discusses how technology can help enterprise fleets with Transix’s Beth Howard.
Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…
Carriers interested in conducting driver training for both property carrying and passenger carrying commercial motor vehicles must now meet requirements set forth under FMCSA’s entry-level driver training rule, including registering their programs with the TPR.
Freight Intel brings all shipping activities onto one platform, allowing shippers to access all their data in seconds.
Tender volumes and tender rejection rates are both on a rapid decline, signaling trouble for the truckload market. Carriers and shippers alike will need to…
In the market today, more and more companies in freight are turning to brokerage companies for help.
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…
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…
Consumers are becoming more aware of both the urgency of climate change and the complexities of the supply chain. Companies should be prepared for consumers to start calculating supply chain sustainability into their purchasing decisions.
“FreightTech is only as good as the relationships that FreightTech enables and the data feeding into freight technology,” said Michael Johnson, EVP of strategy at Redwood Logistics.
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…
Tender volumes recover most of last week’s decline while rejection rates continue their slow downward trend despite contract rate increases…
Parade’s capacity management solution integrates seamlessly with Tai’s TMS system to help freight brokerages
JLE Industries is considering a variety of solutions to help more than 70% of its customers satisfy their ESG mandates.
Tender volumes take a February nap, sliding 4% over the past week while rejection rates were flat despite weather affecting certain markets..
Summar focuses on helping small carriers with one to 30 trucks sustain and grow their businesses.
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Tender volumes continue to outperform year-ago levels. Rejection rates have declined throughout the past week as carriers return to major…
Shippers are buoyed by the promise of falling rates in the coming months, but this optimistic outlook may put even more strain on rate negotiations in the meantime.
Tender volumes continue to outperform year-ago levels. Rejection rates are continuing to rise in a unseasonable pattern placing pressure…
To view the list in its entirety, please visit freightwaves.com
Rates reach new highs as capacity was slow to return to the road following the holidays. Tender volumes are soaring as demand is unrelenting…
The No. 1 place to find or post a job in the freight industry
Truckload volumes are beginning to erase holiday noise associated with Christmas and New Year’s. Rejection rates are staying elevated…
Taking a minute to remember there is a human with his or her own needs and desires behind that big rig wheel; freelancers are great if you have a task you hate doing; and bringing back what we outsourced is the new hotness.
After a year of record revenue, carriers are staying of the road during the holiday weeks, holding rejection rates higher for longer…
Deutsche Post DHL Group is ranking its road transport subcontractors on their level of sustainability.
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.
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.
After a couple of oddball years, shippers and carriers alike are anxious to see how the market rebalances — or doesn’t — after the new year.
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.
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.
Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.
Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.
Digital RFPs allow shippers to award bids faster and perform far less manual labor, bolstering their bottom lines and allowing them to repeat the RFP process more often.
We are expecting seasonal slowdowns and a lower sense of shipper urgency following the holidays to allow easing rate pressures, however, capacity constraints are expected to remain in place.
Tender volumes have started to erase the Thanksgiving noise. At the same time, rejection rates have plateaued around the 20% mark.
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.
Echo Global Logistics’ Jay Gustafson describes the best formula for managing transportation needs.
Thanksgiving always leads to a sharp decline in tender volumes. Leading into Thanksgiving freight markets experienced an uptick in accepted volumes.
Spot rates didn’t experience the uptick that rejection rates did last week. Thanksgiving is impacting both freight volumes and capacity.
Rejection rates have accelerated over the past week as drivers start to come off the road for the holiday.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.
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.
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.
Tender volumes rebound as tender rejection rates jump back over 20%. Meanwhile, spot rates break the three-week downward decline.
Carrier Perspective: State of the Industry
Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.
When shippers are using several cobbled-together solutions with hit-or-miss integrations, they miss out on opportunities to optimize their business practices and workflows.
Many of the conversations surrounding peak season headwinds center around shippers, but carriers are also faced with challenges during this time.
Learn how technology & analytics can help you more proactively adjust to supply chain shifts at mybluegrace.com
Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.
Freight volumes in the largest markets are starting to accelarting, signaling the start of the peak truckload season.
Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.
Freight volumes in Southern California are starting to ramp, signaling the start of the peak truckload season.
Elevated accepted tender volumes and rates signal that carriers are maintaining pricing power. Truckload capacity constraints are easing as contract rates climb.
Experts expect demand to continue to outpace supply through at least the first quarter of 2022.
Strong freight volumes signal that carriers are firmly in the driver seat with regards to pricing power.
Strong freight volumes signal that carriers are firmly in the driver seat with regards to pricing power.
Learn how technology and automation can help maximize profits and strengthen your partner relationships at MyBlueGrace.com
Spot rate snap back signals that carriers are firmly in the driver seat with regards to pricing power.
In this sensitive market, small changes to the balance have deep, long lasting impacts.
Big Benefits for Small Fleets: The CarrierHQ Difference
In this sensitive market, small changes to the balance have deep, long lasting impacts.
Will Hurricane Ida impact freight contracts? Will carriers move from shippers’ contracted freight to the spot market?
To discuss what the future regulatory, fleet and enforcement landscape looks like and how you can better plan for it, FreightWaves has partnered with Spireon for a one-hour webinar starting at 2 p.m. ET Thursday, September 9. Featured speakers include Steve Keppler, Co-Director at Scopelitis Transportation Consulting, Will Schafer, Director of Safety Programs at CVSA, and Harman Cheema, President & CEO at Cheema Freightlines.
A resurgent economy – paired with the uncertainty of a yo-yoing pandemic – has taken its toll on companies across the logistics industry. Shifting consumer behavior over the past 18 […]
The rise in volumes continues to outpace the rise in rejection rates, and spot rates keep climbing.
Hear from owner-operators and safety personnel to stay ready for the challenges of the road
