Carriers are rejecting as much freight now than at any point in the past three years. Spot rates poised to break $3/mile on a national level.
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Accepted freight tenders are running up 18% year-over-year. Carriers are rejecting 1 in 4 contracted tenders and driving rates up. National spot rates above $2.75/mi. and trending higher.
Spot rates out of LA and Dallas are remarkably high and the tight capacity in those markets is driving the freight cycle.
Buckle up, folks, this should be good. Volumes are gushing and rates pushing higher.
Carriers with exposure to essential retail are benefiting from increased freight demand as retailers of grocery, household and home improvement goods struggle to keep inventories on their shelves.
The carriers did not lose ground this week, but rather further solidified their dominant pricing position. Volumes remain well above 2018 and 2019, running in the +20% to 25% range. The elevated volumes are giving carriers options in the market and they are exercising those options at a high clip.
Many shippers have encountered fulfillment issues and transportation breakdowns as consumer demand for their products surged.
There is no change in the Pricing Power Index this week despite a continuation of the trends we’ve seen over the past few weeks: astounding volumes, carriers rejecting contracted freight at a high clip and rates continuing to trudge upward.
The combination of artificial intelligence and machine learning are allowing XPO’s brokerage operation to offer more visibility into pricing, capacity and tracking.
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.
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.
EKA Solutions has expanded its offerings with a new predictive visibility product that taps into ELDs and driver apps for a more accurate look at arrival times.
By artificially restricting capacity, carrier alliances have engineered rates higher and may book a profit this year.
The carriers continues their power grab this week. Shippers remain in control, but carriers are much better off than they were a few weeks ago. Capacity is beginning to tighten and rates are being pushed up.
The concept of shared truckload isn’t new, but technological advancements in the space make the method more viable than ever.
Carriers gained another 5 points of pricing power this week. This marks 6 weeks of power gains, but shippers remain in control.
Expanding its freight ecosystem, EKA Solutions has announced a TMS offering for small and medium-sized carriers.
The carriers gained pricing power this week on the back of surging volumes. Capacity remains loose although tightening each of the past five weeks.
