Michigan State University and the FreightWaves Freight Intel Group have developed research on spot market freight. Read about that research here.
Market volumes have increased significantly over the past several days, bringing national levels to those similar to early March of 2018 when the market was thought to be more active. The data tells us one aggregate value cannot tell the whole story.
The overall market remains relatively stable as volume dip below 2018 levels in two major markets. Spring is around the corner. Will freight volumes return with it?
So far this February has been what we would expect. Does the normally slow month have any surprises up its sleeves?
Volumes and capacity remain flat through the first week of February. Has the freight market weathered the slowest part of the year?
Freight volumes recover as January closes. The artic air freezes the Midwest as the Chicago market heats up.
Last week had the largest single day percentage drop in volume since March of 2018. Capacity remained stable as we ride out the winter doldrums.
Capacity is abundant even though volume is relatively strong. Carriers are having little trouble covering the available freight making it a shippers’ paradise in mid-January.
The New Year has started off with a surprising amount of volume in the freight market. So far, capacity has been available to handle it. The tariff deadline extension may be providing a second wind.