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?
