Thanksgiving always leads to a sharp decline in tender volumes. Leading into Thanksgiving freight markets experienced an uptick in accepted volumes.
Spot rates didn’t experience the uptick that rejection rates did last week. Thanksgiving is impacting both freight volumes and capacity.
The refrigerated truckload sector’s capacity recovery has stalled this fall while van has continued to stabilize. Here is the reason.
Rejection rates have accelerated over the past week as drivers start to come off the road for the holiday.
Private trucking fleets expand amid soaring spot rates According to a recent National Private Truck Council Report, private fleets continue to expand due to high spot market rates and dwindling capacity in the market. Less capacity equals less service, and service metrics remain a big driver for in-house transportation. For large common carriers (they haul […]
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.
The trucking spot market is showing signs of softening in a somewhat unexpected time. Should shippers breathe a sigh of relief or is this the calm before the storm?
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels. Tightness in Southern California will put upward pressure on rates.
FMCSA new authority approval at record high from spot rates and tight capacity The Federal Motor Carrier Safety Administration is setting records. New motor carrier authority approvals are at an all-time high — around 10,000 each month. As of September, around 82,000 approvals for authority had been granted in 2021, compared with 59,500 for the […]
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels. Tightness in Southern California will put upward pressure on rates.
Tender volumes rebound as tender rejection rates jump back over 20%. Meanwhile, spot rates break the three-week downward decline.
Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.
Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.
Freight volumes in the largest markets are starting to accelarting, signaling the start of the peak truckload season.
Freight volumes in Southern California are starting to ramp, signaling the start of the peak truckload season.
Elevated accepted tender volumes and rates signal that carriers are maintaining pricing power. Truckload capacity constraints are easing as contract rates climb.
Strong freight volumes signal that carriers are firmly in the driver seat with regards to pricing power.
Yes, despite the headaches, the ocean carriers are making boatloads of money.
People use the term “contract rate” in trucking and think that it is binding. It is not. In reality, it just means a prenegotiated rate both parties have the right to reject at the time of the tender.
