carriers

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While ocean carriers are not facing the same risks as their domestic trucking counterparts, given their consolidation and enormous war chests, ocean’s weakness in demand will continue to trickle down into truckload markets.

Despite seeing slight seasonal growth, truckload markets are showing a continued soft patch.

“Our growth and potential were being hindered by manual processes and limited visibility into workflows,” US Cargo Brokers founder Adam Konopko said. “After adopting Ditat’s TMS, US Cargo experienced a complete transformation.”

Echo Global Logistics has held true to the same goal since its inception almost 20 years ago: Make transportation management simpler.

The gap between current levels of freight demand and those of 2019 is narrowing, casting doubt on the market’s ability to sustain growth.

The consumer will be key to resolving the present tension in freight demand’s future, but consumers continue to be predictably unpredictable.

Market conditions will likely become a bit more favorable before they get much worse.

Strangely enough, tender volumes are abiding by seasonal trends.

“If we take what we’ve learned about compliance over the last 20 years and combine it with the latest technology, it’s possible to speed up the process significantly and make it a better experience for drivers,” Foley and CEO Joel Sitak said.

Strangely enough, tender volumes are abiding by seasonal trends. The first quarter of 2022 was unusually active as shippers tried to get ahead of disruptions to capacity, which historically tightens in the spring.

With the inflation-squeezed consumer running through their discretionary budgets, freight demand is in a precarious state.

Consumers’ appetite for discretionary spending has been usurped in favor of squirreling away income into personal savings.

Carriers make good on drivers’ on- and off-the-road preferences

Volumes have continued their recovery from the winter holiday season with a surge in pent-up freight demand unleashed into the market. Naturally, since last week’s data was affected by holiday noise, the Outbound Tender Volume Index (OTVI) faces some absurdly easy comps on a weekly basis. Even still, accepted tender volumes remain below their levels of 2021 and ’22 for the time being. 

Volumes have continued their recovery from the winter holiday season with a surge in pent-up freight demand unleashed into the market. Naturally, since last week’s data was affected by holiday noise, the Outbound Tender Volume Index (OTVI) faces some absurdly easy comps on a weekly basis. Even still, accepted tender volumes remain below their levels of 2021 and ’22 for the time being. 

For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this movement is not alarming by itself. Rather, the gap in freight demand between 2022 and ’21 (or even ’20) is the main symptom of current ailments.

The holidays are quickly approaching, and shoppers are checking off their gift lists. This year, however, the festive frenzy has not been strong enough to create a traditional peak season effect.

For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this movement is not alarming by itself. Rather, the gap in freight demand between 2022 and ’21 (or even ’20) is the main symptom of current ailments.

Meeting consumer demands is a team effort that involves shippers, carriers, retailers and technology providers.

Contrary to popular opinion, December is not a peak season for freight. True, the freight that needs to be moved in this month typically has greater urgency than usual, which does put upward pressure on carrier rates. But peak truckload volumes are largely influenced by maritime imports, which historically peak between July and September.

PGT is uniquely positioned to be a part of the industrywide change, working toward larger sustainable goals while still creating immediate impacts within its own company.

Newest Convoy survey shows environmental impact as newest sustainability motivation over governmental relations.

The folks at Convoy believe that this soft market will continue through the beginning of the new year as demand is declining faster than supply.

Historically, November is the month in which maritime imports begin to move inland for their final push before the holiday shopping season. Yet such imports were lost at sea this year, failing to materialize during ocean shippers’ peak season. This one-two punch of weakened import volumes and overstocked retail inventories means that carriers are left with fewer opportunities to source freight.

Carriers are grappling with unfavorable market shifts across the board. With prowess and the right partners, however, carriers can remain profitable — and even competitive — in a loosening market.

The easy-to-use program allows brokers to reward drivers directly for specific actions they complete within the Trucker Tools app.

Historically, November is the month in which maritime imports begin to move inland for their final push before the holiday shopping season. Yet such imports were lost at sea this year, failing to materialize during ocean shippers’ peak season. This one-two punch of weakened import volumes and overstocked retail inventories means that carriers are left with fewer opportunities to source freight.

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.

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.

Trucker Path bridges the gap between brokers and carriers, connecting over 1,000 brokers with over 1 million app users.

Shippers are expected to do their due diligence when it comes to choosing carrier partners. That includes choosing companies that are working within FMCSA guidelines, a task that requires knowledge of said guidelines.

Fourth-quarter 2022 Freight Sentiment Index (FSI) numbers show near-term pessimism for carriers but slight optimism for shippers, 3PLs and carriers in the longer term.

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.

Freight brokers and 3PLs should focus on accommodating carriers’ technology needs in order to improve service levels.

Hurricane Ian boosted spot rates in the southeast over the past 10 days, but as rejection rates and volumes decline, when will spot rates on a national level take another step lower.

Driver turnover is expensive, and trucking operators cannot afford to keep turning over virtually their entire workforces on a yearly basis if they hope to bolster their bottom lines.

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.

One area that carriers have emphasized this year is “ugly freight” – or non-conveyable shipments. These are packages that are hard to put through their automated systems.

With more choices than ever, shippers must come up with a plan for choosing — and evaluating — their carrier partners.

Mexico’s proximity to the Americas and favorable operating environment has made it an attractive location for many U.S. companies wanting to expand or move their manufacturing operation.

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.

Predictive maintenance offers reprieve from expensive roadside crises

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.

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.

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.

FreightWaves founder and CEO Craig Fuller provides insight into the state of trucking contract rates.

Contract and spot rates continue their downward trend despite volume levels and rejection rates flattening out…

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.

Melissa Forman chats with Anne Reinke and Mark Baxa about how important it is for there to be communication across all platforms in order to create a more efficient payment process for carriers.

A FreightWaves survey of carriers suggests most believe California’s AB5 independent contractor law will affect their business.

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…

How trains help make a car

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…