October of 2018 has been very different from the same month a year ago thus far. We have had 2 major hurricanes make landfall and the economy is still strong. So why does it seem so different?
SONAR’s signature index has a birthday; Ocean Network Express to lose $600M; oilfield service companies guide for tight margins in Q3; President Trump bails on coal industry incentives; pros and cons of blockchain in container shipping; spending 60,000 hours reverse-engineering a Tesla Model 3.
FreightWaves improves watchlist functionality with new heat mapping feature as well as improves searching with new categories and search bar improvement.
Outbound tender volumes have shot up 26% out of the Savannah market as the Southeast deals with hurricane Michael
Truckload volume continues to decline to annual lows after the first week of October. Freight volume is redistributing out west as Michael hits the Southeast U.S.
The Dow Jones Industrial Average plummeted today, posting its biggest loss since May 29; meanwhile the S&P 500 is on a losing streak that hasn’t been matched in upwards of 2 years.
FreightWaves triples the lanes available for the tender rejection indices along with diesel price and volume data. Highly regarded Institute for Supply Management indices have also been added to deepen the macro-economic section.
Two high school friends, one from Access America and one from JB Hunt, founded a successful brokerage in Knoxville full of supply chain management grads. And they love SONAR.
Freight Alley expands with the addition of Grupo Sesé, Carrefour turns to blockchain, Airbus will name its new CEO, and more in Today’s Pickup.
Washington D.C. metro topped the Canadian border and NYC as the least efficient places for a truck driver
Trucking volumes have dropped by 6% since the beggining of the month of October. Is this an indication that the market is slowing or is it a normal seasonal pattern?
In her final conference call as CEO, PepsiCo’s Indra Nooyi presented their third-quarter results, once more pointing to transportation costs that threatened to eat into profits.
October is traditionally a slower month than the 4 preceding it in terms of volume. This year it has happened as soon as the calendar turned. This seasonal swing does not mean it will be a quiet fourth quarter for everyone.
FreightWaves adds additional risk management and compliance information in the most recent SONAR release.
Tender volumes are taking many by surprise, but not those that understand what is happening with the use of ELD’s by small carriers, especially in the dry van segment.
Since the ELD hard mandate went into effect, the trucking market has added 4% more truck capacity
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.
FreightWaves adds additional functionality to SONAR with tri-delta functionality on the Headhaul Index as well as the newly revised Trucks in Market, making it easier than ever to identify market disruptions.
Hurricane Florence has practically shutdown any outbound trucking activity out of the North Carolina coastal market
The smartest minds on Wall Street use charting analytics to quickly identify and then track trends in multiple data sets. Why? Because it works. And now freight professionals are learning how to do the same.
