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.
International import bookings signal continued strength in the domestic freight market.
In today’s edition of The Daily Dash, markets remain on fire and indications are it may continue that way for quite a while. Plus, portions of I-10 reopen following Hurricane Laura and hearing impaired truckers seek relief from certain CDL requirements.
Buckle up, folks, this should be good. Volumes are gushing and rates pushing higher.
Even as more states roll back their reopenings as COVID-19 continues to wreak havoc across the country, there is some evidence that the strong freight volumes seen in July are here to stay for a while.
Volumes have recovered faster than many expected leading to many transportation companies posting earnings beats in Q2. There are no signs of slowing into August.
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Chart of the Week: Total Rail Carloads, Chemical Rail Carloads, Motor Vehicle Rail Carloads – USA SONAR: RTOTC.USA, RTOCH.USA, RTOMV.USA The latest rail carload data is showing that the industrial side of the economy, which is the backbone for a large amount of freight movement in the U.S., has finally started to recover after hovering on the […]
Carriers continue their power grab this week adding 10 points and hitting another new series high. Volumes remain in the stratosphere, and carriers are rejecting contracted freight at levels unseen since the summer of 2018.
Carriers are inteh strongest position in the DHL Supply Chain Pricing Power Index’s 10 month history. Rates have pushed higher in recent weeks as carriers reject more freight than anytime in 2019 and volumes remain elevated.
Co-Founder Andrew Leto addresses the growth of Emerge’s marketplace and the benefits it offers carriers and shippers.
The Independence Day holiday disrupted both our OTVI and OTRI this week. Volumes are poised to bounce back and remain elevated after the moving average distortion is over.
Southern California has become the hot spot for freight in the post COVID-19 freight market. Could it be the region to tell us what’s next?
“Our data shows that Powerfleet’s over-the-road customers have not only rebounded, but have surpassed the pre-March 13th levels by nearly 7%,” said Daniel Romary.
“The most critical commodity we trade in with drivers today is hours,” said Norm Thomas of Powerfleet.
A lot of the recent struggles for carriers originated in what many consider to be the most profitable year.
Anthony and Zach discuss what to make of the subtle increase for the May PMI and orders, while domestic freight volumes surge. Also, produce season pushes agricultural rates over 2019.
A fiery crash briefly shut down Highway 401 near Toronto as trucks contend with recovering freight volumes and more dangers on the roads.
