Companies are paying significantly more for transportation than they were a year ago with many contracts yet to be implemented.
Although many questions remain for trucking in 2021, flatbed appears to be poised for a much stronger year.
Bid season is here, which means contract rates are catching up to spot rates and in turn loosening capacity.
Class 8 truck orders are surging signaling carriers are once again willing to invest in their fleets. Does this mean another overcorrection of capacity is in store?
Spot rates continued to increase after the holiday period ended even as capacity returned to the market according to the Outbound Tender Reject Index.
Shippers are willing to pay more to put freight on the rail just to get it moving out of Los Angeles.
International import bookings signal continued strength in the domestic freight market.
MoLo reveals how its “service-always” operating philosophy is affecting financial performance.
Freight is getting crammed into the U.S. West Coast as fast as carriers can pick it up. How long will it last?
Anthony and Zach discuss the dynamic between the spot and contract market as rates continue their wild ride in 2020. Do carriers, brokers or shippers control the spot market?
Reefer capacity has started to show early signs of tightening after experiencing the loosest conditions in years in April. Will van capacity follow suit?
The clear difference between contract and spot rates.
Zach Strickland and JP Hampstead talk about the current state of freight. Outbound tender rejections have dropped to 14%, about where they were on March 18, 2020. Some markets like Harrisburg, PA and Atlanta, GA are performing better due to the demand for specific goods. Why is this happening?
Contracted volumes, tender rejections, and spot rates all fell.
This week in trucking spot rates
Freight brokers expect spot rates to ramp this week, but the long-term outlook is uncertain.
Zach Strickland and JP Hampstead discuss the possibility of e-commerce growth, spending in the service sector, and more. While the effects are yet to be determined, drivers are still out on the road delivering goods throughout the country.
Profitability is the key to any business staying in business. In trucking it is harder than in many other businesses. Chris Henry explores the “trucking profitability paradox.”
FreightWaves SONAR clients will have access to Truckstop.com rates
Ocean, intermodal and trucking data are flashing red. Don’t worry — DAT just made a bullish call on spot rates.
