Landstar System said the truck brokerage market has begun to reshape in the wake of the Supreme Court’s broker liability ruling.
Tightness across the freight market eased only slightly in June.
Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.
Freight broker RXO said the truckload market is seeing “the biggest structural change” since deregulation in 1980.
Carriers are rejecting more than 13% of tendered truckload shipments.
Nationwide tender rejections are at 11.5%.
Tender rejections are at 9.97%.
The truckload spot market erupted this holiday season, putting many long-term rates into obsolescence.
Truckload spot rates have seen sharp, intermittent spikes this year, though none have lasted. These sharper swings may signal what’s coming next year.
Reports of immigration services targeting truck drivers caused a sharp spike in spot rates this past week, but as of late week tender rejections remained steady. Weak demand may be hiding growing fragility in the market.
The truckload contract market has fallen into stagnation after what looked like a transition late last year. What are the takeaways heading into the late year bid season?
Hotlanta’s tender rejections peaked at 11.2%.
Capacity is tighter in the Eastern half of the U.S. as carriers appear to be stuck on or targeting the West Coast freight.
Traders and brokers are seizing on arbitrage opportunities.
Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.
The wide range of spot and contract rates being offered may help trigger a strong market shift later in the year.
Transportation providers are going to have to maintain an aggressive posture when competing for business during the upcoming bid season.
After over a year of declining volumes and rates, trucking spot rates have leveled and demand has just witnessed an unseasonable jump.
Upstream and historic values are predicting another strong deterioration in truckload spot rates in April. How seriously should we take this?
McLeod enhances its rate index calculator with high-frequency spot rate data.
