We have gotten word that carriers are holding capacity until the end of the day before auctioning it to the highest bidder. Rates are nearing $3 per mile on a national level, and rates are already above that in 51 of 100 Truckstop.com lane pairings.
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.
Landstar System raises earnings outlook on higher truck volumes and pricing improvements. New third-quarter expectations are 25% higher than the midpoint of the previous guidance range.
On the whole, deregulation of transportation is beneficial to the economy.
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.
Hurricane Laura hit at a time when trucking capacity is unusually tight, a fact that may hinder the recovery efforts.
Prices are firming and demand is rising for used trucks after more than a year of doldrums mirroring a slowdown in new truck orders.
Buckle up, folks, this should be good. Volumes are gushing and rates pushing higher.
Driver wages are holding steady during the coronavirus pandemic, but care for safety is where priority should remain, says CEO of National Transportation Institute.
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.
Convoy has introduced a new rate quote benchmarking tool for shippers that allows them to see how competitive the rate being offered is.
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.
This week’s DHL Supply Chain Pricing Power Index: 55 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 50 (Balanced) Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power […]
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A decline in contract rates that were implemented prior to the COVID-19 outbreak may make this year tighter for carriers.
On The Spot talks about volumes are sustaining and tender rejections are increasing. They also take a look at the market leading up to July 4th weekend.
Carriers gained another 5 points of pricing power this week. This marks 6 weeks of power gains, but shippers remain in control.
The carriers gained pricing power this week on the back of surging volumes. Capacity remains loose although tightening each of the past five weeks.
