Landstar System said the truck brokerage market has begun to reshape in the wake of the Supreme Court’s broker liability ruling.
The freight recession may ease earlier than expected, according to recent comments from Morgan Stanley analyst Ravi Shanker. In a call to clients on Monday, Shanker said, “Shippers continue to remain on reorder ‘strike’ while they wait for stronger signals or more favorable conditions on macro but while destocking at the same time, which could lead to everyone wanting to restock at the same time, when the coast clears (or they run out of inventory).”
Federal regulators have not renewed a work rule exemption for truck drivers responding to the pandemic, a move supported by ATA and truck safety advocates.
The Headhaul Index in Denver dropped to its lowest score since June, and both inbound and outbound volumes in New Orleans remain undecided on which direction to take.
Outbound volume from northern California has jumped in August, and rejection rates have soared in Baltimore from increased volumes and protests at the port.
Philadelphia is a backhaul market that has switched to a headhaul market so far this year, and outbound volumes in Louisville, Kentucky, have reached their highest point since SONAR began tracking the market in 2018.
Outbound reefer tender volumes for San Francisco have risen 54% in the past two months, while outbound volume for Phoenix has risen 20% in two weeks.
Seattle, a traditional backhaul market, is now experiencing headhaul market activity.
Indianapolis’ outbound volume caused the Headhaul Index to increase 36.1% week over week, and outbound loads within 100 miles of the San Francisco market are being rejected as a result of protests.
Outbound volumes for Philadelphia have increased while inbound loads decrease, which is not typical for this traditionally backhaul market.
The Atlanta market is beginning to boom again after experiencing a significant dip during the recent holiday.
Atlanta heats up with rejection rates of 10.9%, and large enterprise carriers are still making a profit from diesel prices.
Outbound tender volumes for Columbus rise, and tender rejections out of Atlanta reach above the national average.
Eric Larsen and Zach Blanchard discuss tender rejection rates, which are the leading indicator in finding a profitable market to be in.
FreightWaves’ Top 500 Largest For-Hire Carriers list FreightWaves just released the inaugural Top 500 list of the largest for-hire trucking fleets in the U.S. The ranking is based on tractor count and provides information on fleet size regardless of segment. For example, there is not a distinction between flatbed, LTL or dry van carriers; instead, […]
Rapidly changing shipping patterns and cost structures have made historical comparisons much more challenging for the freight market.
Transportation rates continue to climb while service is at an all-time low. Shippers will have to be aggressive in devising new strategies to keep costs under control.
Majority of comments received so far by FMCSA support changing the law.
To view more FreightWaves infographics, click here.
