spot rates

Tender volumes, tender rejection rates and spot rate all drop in the final full week of the third quarter.

Tender volumes have started to flatten out while tender rejection rates have picked up a little steam this week.

A recent FTR Transportation Intelligence conference highlighted continued poor freight market conditions that are forcing fleets to do more with less.

Tender volumes have continued to show strength, but the market remains oversupplied. Hurricane Francine had little impact on the market

Executives at some of the nation’s top truckload carriers say it’s still too soon to know when the market will turn.

Tender rejection rates suffered the largest weekly decline in the past 6 weeks while tender volumes are being impacted by the holiday weekend

Tender volumes closed August higher, up 3.13% year over year. A slight rise in rejection rates before Labor Day was still below July peaks.

Tender volumes increased over the past week, while tender rejection rates remained unchanged. The next week will be important for the direction of the freight market in the fourth quarter.

Tender volumes started to gain a little positive momentum over the past week while tender rejection rates inched slightly lower…

The freight market is fairly stable to start August as spot rates and tender rejection rates experienced little change week over week…

Spot rates moved slightly higher in the final week of July, while rejection rates and volume levels continued to retreat from recent highs.

Spot rates have retreated off their recent high, but remain elevated compared to the rest of the year while demand and rejection rates are following seasonal trends.

The freight market is appearing to stabilize at higher levels after the Fourth of July, setting up for a better second half of 2024.

The freight market was more reactive to the Fourth of July holiday than the year prior, but capacity has been quick to return to the road.

ATRI has released a June update to its operational cost of trucking report, which saw significant increases in insurance premiums and truck and trailer payments during 2023.

Volumes, rejection rates and spot rates remain elevated, setting the stage for the summer months.

Volumes, rejection rates and spot rates remain elevated following the Memorial Day holiday, setting the stage for the summer months.

Even as carriers’ pricing power deteriorated, freight demand was consistently robust throughout February.

The early stages of this recovery are characterized by a rebalancing market, a return to normalcy after a four-year roller coaster of volatility.

On Wednesday, autonomous trucking startup TuSimple went private after voluntarily delisting from Nasdaq following two years of stock and boardroom drama. FreightWaves’ Alan Adler writes, “TuSimple was the first autonomous trucking company to demonstrate driverless operations on an open highway. One of its trucks traveled 80 miles with no human on board from Tucson, Arizona, to Phoenix in December 2021.”