Cass’ shipment data was up sequentially for a second straight month in September and the truckload linehaul index was positive for the first time in more than a year.
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
Rate deals and spikes don’t last forever, and smart industry players know caring for the partners who will sustain them when the market inevitably shifts is mission-critical.
Engine maker Cummins backs OEM projections of a strong 2023 for new trucks. If the China market recovers, look for an earnings bounce.
After months of downward moves, used truck prices ended the year closer to pre-pandemic levels than anytime since COVID hit.
Trade between the U.S. and Mexico will continue to expand in 2023 as more factories and logistics operations move south of the border.
7LFreight is a Freightos company that gives freight forwarders the ability to compare less-than-truckload prices by lane and execute a move.
Cass data released Tuesday showed shipments have moderated and rates are poised to start unwinding two years of increases in January.
Uber Freight recently released a report on contracted rates. Its consensus is that contract rates are indeed falling, but like a game of contracted musical chairs, we still do not know when the music will stop.
Analysts from J.P. Morgan and Bank of America warned of an impending disaster for U.S. imports.
March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”
The Cass Freight Index recovered some of the January volume decline tied to omicron absenteeism throughout the supply chain.
The knock-on effects from the Ukraine crisis are being felt across the business world, not least in air cargo.
Summar focuses on helping small carriers with one to 30 trucks sustain and grow their businesses.
The Cass Freight Index sags in January on a rise in COVID cases, but the dataset appears poised again for strong growth in 2022.
In affiliation with Ryder, FreightWaves’ data team recaps Q4 and highlights the trends that are likely to have an impact in the first half of this year.
CCO Sean Burke shares results from Echo’s recent survey on shipper sentiment for the RFP season.
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be quite rigid.
Class 8 truck orders skipped a beat in September as supply shortages delayed the typical order season with fewer new trucks booked.
FreightWaves founder and CEO Craig Fuller analyzes inflation in the supply chain.
There is a true broker-to-carrier contract rate that reflects the model of our industry. That rate distorts the true spot rate and should account for maybe two-thirds of the rates brokers provide to benchmarking tools.
Reefer rejection rates tumbled once again over the past week, and the national reefer rejection average is now below 40% for the first time since the second week of September.
Unlike freight demand, the typical things we see play out on the capacity side of the equation prior to a holiday have not (at least to this point).
This report provides a rate review, forecast and outlook for shippers.
In today’s edition of The Daily Dash, freight rates continue to rise. Plus, FMCSA has asked for a delay in a lawsuit seeking to roll back HOS rules, and Haul is attracting some of the most prominent names in the industry as investors.
In today’s edition of The Daily Dash, Old Dominion is the latest LTL carrier to announce a rate increase. Plus, SONAR data shows a freight market moving sideways, and Forward Air reaffirms its direction in spite of activist shareholder pressure.
In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.
Uber Freight has rolled out a free rate-locking tool for small and midsize shippers.
In today’s edition of The Daily Dash, driver medical exams may be missing, according to a watchdog. Plus, freight rates continue their surge and FMCSA plans to study additional sleeper berth flexibility.
In today’s edition of The Daily Dash, could an influx of capacity drive down spot rates? Plus, ArcBest President Tim Thorne is retiring, and federal regulators consider nixing a vision exemption for CDL holders.
In today’s edition of The Daily Dash, ArcBest is the latest LTL carrier to report a strong start to Q4. Plus, 2020 supply chain trends are likely to continue into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.
In today’s edition of The Daily Dash, spot rates could be heading higher yet again. Plus, truckload carriers wonder if we are in peak season or a new normal; and a Texas group tackles tort reform.
In today’s edition of The Daily Dash, volumes and rates take a step back; complete coverage of FreightWaves’ Cold Chain Summit; and CDL fraud.
All stakeholders are experiencing used truck momentum despite and because of the lingering pandemic.
Logistics giant NFI is adding 5,000 new jobs before the end of 2020, further evidence of the demand on trucking to meet pandemic-induced and holiday freight needs.
Whether shippers should put freight out to bid or move it on the spot market to get the best pricing is a difficult decision, but C.H. Robinson is attempting to make that process smoother with a new tool.
The continuing rebound in trailer orders is in line with three-year high in spot freight rates as consumers buy more goods than services.
In today’s edition of The Daily Dash, Amazon presses the gas on holiday hiring, a judge allows truck tolls to continue in Rhode Island and police hunt for a motive behind the killing of a truck driver.
In today’s edition of The Daily Dash, spot rates are climbing quickly across the country, and a specialized hauler thrives during COVID-19.
A lot of the recent struggles for carriers originated in what many consider to be the most profitable year.
As the battle for fair rates carries on, what if the solution is not government regulation, but rather the creation of a consortium that anonymizes rate data on a lane-by-lane basis for all to see?
The current focus on the rate war distracts from the real issue at hand: how to build a profitable trucking business and control your own future.
Anthony and Zach break down the Knight-Swift and Heartland earnings; slowing decline of freight rates and volumes and what the rise in imports mean for the recovery.
Many shippers believe a TMS will streamline their operations and lead to greater profit. It is just one piece of the puzzle, though, that also includes freight auditing, benchmarking, and procurement strategies.
KeepTruckin has started a petition asking congress to extend forgivable loans to cover truck lease/purchase payments and insurance costs.
Airfreight demand from China is still lower than normal this time of year, but it is finally picking up as the coronavirus scare gradually subsides. The new dynamic is reflected in higher cargo rates.
Declines in Cass data accelerate but report calls for rates to inflect higher in 2020.
Reefer rejections remain high, but oscillate as weather changes.
A challenging job in winter.
The stories that will keep you in front of the pack.
The Cass Freight Index sees its steepest decline in shipments since the Great Recession.
A strong U.S. economy should see Europe-North America container volume growth of 3%+ next year, but clouds hover over the trade.
Cass freight data shows softness again in November. While shipment declines extend to a full year, the rate of the declines may be moderating.
The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
FreightWaves CEO Craig Fuller joins the ‘On the Spot’ crew at FreightWaves Live in Chicago to deliver the weekly freight rates report.
Asia-Europe and Asia-U.S. spot freight rates jumped 12-30% last week, but can carriers hold on to the gains?
Determining freight class is a key to shipping freight successfully. Learn more about the processes involved in this article.
Maritime carriers are leaving up to US$110 on the table every time they carry a box, according to research from startup MizzenIT. And that means ocean carriers could be missing out on hundreds of millions of dollars a year simply by not charging the right price.
An influx of new container ships has hiked the average size of vessels deployed on the trans-Pacific and Asia-Europe trades, reports Alphaliner.
FreightWaves CEO Craig Fuller and associate editor JP Hampstead recap the week in freight.
Market Voice Jim Blaze contents that railroads are using the wrong KPIs to increase volume and capture market share from trucks.
Asia-U.S. container rates are still not showing peak-season strength, but optimism remains.
The FreightWaves Freight Intel Group’s latest research shows that a freight recession is taking place.
The volatile 2018 freight market is still being felt throughout the nations trucking industry. The freight futures settlement
The US logistics industry is making strides in overcoming macro volatility by a focus on IT improvements and shipper-carrier relationships
A.L.A. Trucking’s 41 drivers and 15 other employees will lose their jobs in the layoff, owner Alan Adams confirmed late Wednesday night.
There are some positive signs for shipping rates, but overall, disappointment prevails.
Fuller says the new database on drug and alcohol tests will slice capacity by 10%.
April shipments were down 3.2 percent year-over-year, prompting Boughton to acknowledge “material and growing downside risk to the economic outlook” in the latest Cass Freight Index Report.
The relationship between truckload and less-than-truckload (LTL) is like two cities positioned around the epicenter of an earthquake.
National spot market price movement has a surprisingly tight relationship with new truck orders.
Rate increases are slowing and could even turn negative later this year, although fleet profits should remain strong for much of the year.
Data on producer prices shows that overall inflation pressure eased further in February, as a gain in goods prices was restrained by the service sector. Industry detail showed that overall trucking rates declined in February, led by the largest decline in long-distance truckload rates in four years.
Down, down, down – freight rates are down, nearly across the board, on export and import routes to and from China, according to indices published by the Shanghai Shipping Exchange.
Wiehoff says demand should stay firm while supply comes on-stream. Firm posts strong Q3 results.
CH Robinson’s CEO sees a more balanced supply-demand scale next year.
Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 million tonnes in the current year. All the additional tonnage will be exported.
China imposed a 25% import duty on US soybean imports in July and a domestic shortage of beans is now resulting in Chinese traders paying a higher price for Brazilian beans than what domestic crushers are paying, leading to speculation that China could again increase shipments from the US.
A surge in hydro-power, cleaner air in the Capital and a need to further stimulate the economy will see increased demand for seaborne coal supplies to China this winter. That is good news for freight.
Volume falls this week in the freight markets but rejections are flattening indicating there are still some spots where capacity is an issue.
Tender rejection rates for reefer trucks outbound from Houston have oscillated wildly all year. Even compared to other regional markets, shippers and carriers are having a difficult time matching capacity to volume.
The recent slide in spot rates is typical for this time of year, according to FreightWaves’ CEO, and data indicates another peak before Thanksgiving is possible.
In today’s pickup, CEOs on analysts calls don’t see a peak and see better driver retention for their companies. Also: OPEC output and a change in Chinese scrap policy.
The Chainalytics-Cowen Indices are indicating a slowing freight market in April, but how does that help us in mid-June?
Wages continue to rise for America’s truckers as the trucking industry contends with driver shortages coupled with an increased demand for shipping services.
National van rate slips 1 cent.
While producer price inflation for the overall service sector has remained fairly benign, hovering between 2-2.5%, freight trucking inflation has been accelerating rapidly. After a dismal 2-year period of declining rates within the trucking industry, prices have picked up, with inflation reaching a 6-year high in January.
The spot market, which has been trending up for much of this year and is near record highs, is showing no signs of slowing down, according to DAT.
