spot market

Falling spot rates, falling contract rates and falling revenues create rising stress and blood pressure in truckload operations teams.

Freight management companies are not making long-term shipping commitments with airlines to avoid getting stuck with unneeded bookings.

Rejection rates in El Paso swung upward in response to an increase in outbound volume, and the Department of Energy clocks diesel prices below $5 per gallon for the first time since April.

The ebb and flow of the logistics market.

Trucker Tools is utilizing FreightWaves’ SONAR to provide rate visibility to the carriers that need it most.

There are a few key factors to consider when looking to book spot market freight, according to my seven years as a freight broker.

How data-driven decision-making can help shippers stay ahead in times of volatility

Truckers often make business decisions without the data needed to justify those decisions. Truckstop.com is trying to make more data available to owner-operators.

FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.

Learn about Automating the Spot Quote Process for Full Truckload Brokers

What is exciting for 2022, autonomous trucks make a big jump, Amazon shopping addicts by state, and FMCSA is hiring … again.

With spot rates soaring, Edge Logistics President Will Kerr gives his take on where the freight market is going in 2022 during a fireside chat at the FreightWaves Domestic Supply Chain Summit.

Ultimately, utilizing digital tools to manage spot transactions drives down both transportation and labor costs.

“Partnering with someone like Emerge, someone whose primary focus is staying in tune with technology, we can move much faster, pivot when need be and continue to move forward and focus on operational execution for our customers,” said DHL Supply Chain North America’s president of transportation.

Kevin Hill takes you through the ways to navigate different spot markets in order to make a sale on this episode of Put That Coffee Down.

Here’s a closer look at the difference between spot and contracted freight rates.

The world’s largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.

SmartHop is more than just a freight dispatch; its “business-in-a-box” tools distinguish it as a comprehensive solution for over-the-road-trucking.

On the whole, deregulation of transportation is beneficial to the economy.

“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.

Loadsure founder explains the benefits of “pay-as-you-go” freight insurance.

Spot freight may only account for 10-20% of total freight moved in the U.S., but its activity paints the picture of the entire freight market. Tom Mallon joins to discuss the direction of rates in 2020. Also; Coronavirus update along with the current state of the market as well as recent economic releases.

The company describes Winmore 360° as the world’s first LSP-focused integrated software for every stage of the transportation RFP process and tendered lifecycle.

U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.

Payment visibility is a proven builder of carrier loyalty.

Truckload carriers are falling off of out-of-network freight; it ends up with brokers.

Spooked shippers are trying to lock in capacity ahead of the holiday push.

The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.

Many of north-east Asia’s mega ports are directly in the path of two super-typhoons. The first is about to blow in from the Pacific and will make landfall within the next few hours.

ECHO faced a tough quarter with soft spot volumes and unexpected tightness in June.

FreightWaves Freight Intel Group predicts an increase in trucking company failures in 2019. Read why they make that prediction in this article.

Fretlink connects thousands of carriers with large shippers through a digital freight marketplace that offers reliability on service and freight hauling prices.

Commentary by Bill Driegert, Senior Director of Uber Freight, explores the current and near-future of on-demand freight.

The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.

The truckload spot market experienced another month of softness in May, confirming recent commentary that normal seasonality isn’t taking shape.

Trucking could get hit “very hard” by an economic recession, ATA warns

FreightWaves has also observed downward pressure on contract rates and the beginning of a capacity bleed-off.

Have a strategy that you believe in and don’t forget to price in volatility, Feig said.

National spot market price movement has a surprisingly tight relationship with new truck orders.

FreightWaves, in partnership with Nodal Exchange and DAT, launched the world’s first financially settled Trucking Freight Futures contracts at 9 a.m. Friday, March 29. The first trade came through within 20 minutes of opening, at 9:18 a.m.

Southwest surfed the volatility in petroleum markets and maintained a strong financial position by aggressively hedging jet fuel.

Southwest surfed the volatility in petroleum markets and maintained a strong financial position by aggressively hedging jet fuel.

Robinson sees low to mid single-digit contract gains, soft spot pricing, Biesterfeld says.

Shippabo has created its own version of a fixed-rate contract, which helps small and mid-sized shippers gain access to direct-to-carrier contracts, allowing them to cut their shipping costs and secure reliable capacity.

Volume continues to slide but there was little change in the market over the past seven days.

Merge Transit is a spot market agency that helps owner-operators and small fleets reduce inefficiencies in their business, and looks to automate the process of dispatching.

Capacity is readily available in most regions of the country. Los Angeles has finally cooled off as the tariff deadline gets extended.

The spot market has been cooling over the past several months, but the players seem more uncertain than ever.

Freight activity surged prior to Thanksgiving with help from Los Angeles volume. Drivers returned to the road this week, and carriers have figured out where to position their trucks to alleviate some tightness.

The freight market remains slow in most parts of the country except for one. Will it spill into other regions?

The freight market is showing the first signs of turning in over a month. Is this the start of retail season?

The freight market continues to stabilize, but there should be a little fuel left in the tank for one more seasonal push before the holidays.

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.

There is plenty of evidence for increased capacity in the freight market. Volumes are higher than they were in March when the spot market was considered more volatile.

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.

After helping drivers out with automatic detention and its Power-Only program, Convoy has turned its attention to shippers, offering guaranteed, instantly bookable coverage of loads at realtime market rates.

This week in freight showed more of the same with continued stabilization, but history tells us this may not last for much longer.

Kangaruu creates a persistent, organized communication tool to manage logistics between shippers and brokers in the $45 billion spot market

ATA’s Truck Tonnage Index has risen by 2.2% this month after a minor dip in March, and is 9.5% higher year-on-year, indicating a surging freight market.

The spring season has yet to see an event big enough to move carriers from their newly executed contracts.

DAT is reporting dry van rates are decreasing. The Tender Rejection Index is indicating this trend should continue over the next few weeks.

The Chicago area is considered a keystone to many freight networks and as such a reliable indicator to the overall health of the trucking industry. WIth all the talks of trade wars and ELDs signs point to a remarkably stable environment, but for how long?