Crude oil prices rally to a four year high

Crude oil prices rally to a four year high

Brent and WTI prices have reached 4 year highs, and the Brent-WTI spread continues to favor American oil exports on the international market. We explain how longer lateral lengths in Permian Basin horizontal wells are driving truckload demand.

Read More

Seeing patterns as a path to improved freight management

Seeing patterns as a path to improved freight management

The smartest minds on Wall Street use charting analytics to quickly identify and then track trends in multiple data sets. Why? Because it works. And now freight professionals are learning how to do the same. 

Read More

Monthly Market Update: Florence impacts, macroeconomics, and IMO 2020

Monthly Market Update: Florence impacts, macroeconomics, and IMO 2020

FreightWaves CEO Craig Fuller, Chief Economist Ibrahiim Bayaan, and Senior Meteorologist Nick Austin discussed Hurricane Florence’s impact on freight, the general macroeconomic situation, and the upcoming IMO 2020 regulations on maritime fuel.

Read More

Dow Transports outperform S&P 500, reach new intraday high

Dow Transports outperform S&P 500, reach new intraday high

A tanker barge operator, a Jones Act steamship line, and North America’s largest 3PL all posted big gains on the day, leading Dow Transports to a record intraday high against a softening broader equities market.

Read More

Freight demand keeps rising as retail, manufacturing activity push higher

Freight demand keeps rising as retail, manufacturing activity push higher

A pair of releases this morning show that retail spending and industrial output expanded in August, signaling that some key components of freight demand continue to grow at a healthy pace in the 3rd quarter.

Read More

LinkedIn data shows strong hiring in transportation, highlights regional movements

LinkedIn data shows strong hiring in transportation, highlights regional movements

Data from LinkedIn’s monthly workforce report shows that hiring in the transportation and logistics sector has continued at a strong pace throughout the last year. While this reinforces much of what has been reported through government statistics, LinkedIn is able to leverage its unique social media data to discover new trends about labor markets in the economy.

Read More

Producer prices decline for the first time in a year and a half as long distance trucking rates ease

Producer prices decline for the first time in a year and a half as long distance trucking rates ease

Data on producer prices shows that overall inflation pressure eased further in the 3rd quarter, declining for the first time in 18 months.  Trucking prices also calmed during the month, as big declines in long-distance trucking and LTL rates offset rising rates among local carriers.

Read More

Job openings reach a new record, continuing to outpace the number looking for work

Job openings reach a new record, continuing to outpace the number looking for work

U.S. job openings rose in July to a new record, adding to signs of labor-market tightness that may push wages higher. Within the transportation and logistics sector, openings continue to outpace hiring as businesses are finding considerable difficulty trying to fill positions.

Read More

Economic data points continue to trend positive for trucking

Economic data points continue to trend positive for trucking

Probably to no great surprise to attendees in the room, American Trucking Associations’ Chief Economist Bob Costello painted a very positive picture of the current and near-term freight environment during the ATA’s 2nd Annual Economic Summit last week in Washington, DC.

Read More

Trucking hires jump as employment growth in the economy improves

Trucking hires jump as employment growth in the economy improves

Job growth continued its remarkable pace in August, and data on hourly earnings show that wage growth is advancing at the fastest pace in over nine years. Strength in the overall labor market continues to spill into the trucking industry, which added jobs for the 11th time in 12 months.

Read More

September Economic Roundup

September Economic Roundup

The economic roundup is a monthly summary of the various factors that affect freight demand and supply in the economy. Data releases in August showed an economic that was performing generally well, but softness in housing and trade are likely to impact freight demand.

Read More

Today's Pickup: Maersk certain on seeing a $2 billion rise in its fuel spend post-2020 regulation

Today's Pickup: Maersk certain on seeing a $2 billion rise in its fuel spend post-2020 regulation

Maersk foresees a $2 billion increase in fuel costs due to sulfur-emissions cap; U.S. consumers might witness increase in car prices after U.S.-Mexico deal; Indonesia is seeing a tremendous growth in ecommerce; German car manufacturers are facing a battery production crisis.

Read More

Regional manufacturing readings are mixed as tariffs and trucking capacity disrupt activity

Regional manufacturing readings are mixed as tariffs and trucking capacity disrupt activity

Regional surveys from Federal Reserve districts were mixed during the month, as softening conditions from the Philadelphia and Kansas City districts were offset by improvements in the Richmond and New York regions. Commentary from the regional surveys suggests tariffs, labor shortages, and the inability to find trucking capacity are curbing economic activity across the board, though growth remains generally positive.

Read More