Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.
Tender volumes declined over the week, but tender rejections and spot rates found a little positive momentum over the past week.
Tender volumes and rejection rates moved lower over the past week, while spot rates increased slightly during the week.
Tender volumes and rejection rates moved higher over the past week, but spot rates were unaffected on a national level.
Spot rates and tender rejection rates saw a slight increase to start Q4, but tender volumes fell as a result of the ILA strike.
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.
Tender volumes have continued to show strength, but the market remains oversupplied. Hurricane Francine had little impact on the market
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.
FreightWaves’ State of Freight webinar suggests U.S. consumers could help boost the freight marketplace during the holidays.
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.
Before the U.S. Marine Corps veteran, lawyer and author of Hillbilly Elegy was a contender for VP, Vance took the national spotlight as one of three Senate Republicans and three Senate Democrats to introduce The Railway Safety Act of 2023.
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.
Knight-Swift Transportation said the trough of the freight cycle has likely passed and that it is now focused on growing its less-than-truckload business.
The freight market is appearing to stabilize at higher levels after the Fourth of July, setting up for a better second half of 2024.
FreightWaves’ State of Freight webinar suggests we’ll see more trucking companies leave the market in 2024, creating more equilibrium between shippers and carriers.
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.
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.
FreightWaves’ State of Freight webinar for March highlighted signals that the commercial transportation market is moving in a positive direction.
Even as carriers’ pricing power deteriorated, freight demand was consistently robust throughout February.
Regulators have imposed new billing standards on ocean carriers that shippers consider a “major step” toward eliminating abuse.
The early stages of this recovery are characterized by a rebalancing market, a return to normalcy after a four-year roller coaster of volatility.
$2 billion in fines and expenses from emissions-rigging slammed Cummins’ Q4 profit in a year of record revenues and cash generation.
The sustained imbalance between supply and demand has yet to be corrected, such that only an unprecedented tidal wave of demand could satisfy the current amount of capacity in the national freight economy.
Spot rates did eventually see a boost at the start of the new year, albeit one that was unable to meet our prior forecasts.
Tender volumes began to outpace 2020 earlier this week and are now marching toward favorable comparisons with 2021.
FreightWaves’ December State of Freight webinar looked at the disconnect between healthy volumes and low rejection rates.
Volumes are leveling out at the start of December, delaying the seasonal dip that ordinarily occurs at this time of the year.
Tender volumes were outpacing 2022 levels before the holiday and came within spitting distance of 2020 — freight demand’s second-best year on record.
This week, freight markets underwent a surprising rally that saw a wave of volumes sweep across the country.
Domestic manufacturers fail to inspire optimism, since they foresee major headwinds on output in the first half of 2024.
The upcoming months are littered with major holidays during which carriers can leverage seasonal constraints on capacity for higher spot rates.
Outside of the holiday rush periods, the fundamental lack of freight demand will continue to expose the lingering overcapacity in the market.
Given the surplus of available capacity, shippers are more confident in switching to “just-in-time” freight strategies as consumer resilience remains an open question.
By next week, it is likely that actual freight flow will have finally risen on a yearly basis for the first time since May 2022.
Consumer demand during the holiday season is expected to be relatively soft, which should temper expectations for a red-hot peak season in truckload markets.
Monday data from Cass Information Systems showed slight improvement from July to August but the comparisons to 2022 worsened.
Perhaps the most pressing question for both freight markets and the broader economy is how the consumer will fare in the coming months.
Small fleets can get a voucher twice the standard $120,000 when purchasing an electric truck. And they don’t even have to purchase it.
Rejection rates gathered some promising momentum in the run-up to Labor Day, though these gains are slowly being lost.
In today’s fast-paced supply chain environment, it is important to know and understand the trends most likely to shape the future.
After a none-too-brief break, the Pricing Power Index is resuming its regular Friday schedule.
DOT and MarAd are moving on a new database aimed at preventing vessel collisions.
Against significant odds, the Federal Reserve might realize its once-unlikely goal of a “soft landing” — that is, taming inflation without also triggering a recession.
Freight volumes continue to trend sideways, which is a positive sign overall as the 15th of July traditionally marks a time for slowing demand in the freight market.
Democrats said they respect workers’ rights to strike in the event negotiations between the Teamsters and UPS fail.
Demand from retail shippers is historically quiet in the period from now until August, after which retailers restock their shelves for the back-to-school season.
Demand from retail shippers is historically quiet in the period from now until August, after which retailers restock their shelves for the back-to-school season.
Maritime’s peak season — which typically ramps up in August and lasts throughout October — is expected by retailers and supply chain professionals to be weaker than it has been in previous years.
To help you navigate the constant and transformative changes moving today’s supply chain, DHL Supply Chain’s Transportation Quarterly Report highlights what to watch each quarter.
Tender rejections have yet to return to mid-May’s all-time low, but their softness could persist in a trough for the next two quarters.
The effects of marijuana impairment on truck driving is not fully understood due in part to limited research, according to a new ATRI report.
One last round of bad news to cap this week: China and the U.S. both posted dismal data from their respective industrial economies.
There may be plenty of hand-wringing about California’s Clean Fleets rule, but fleets are advised to start getting ready for it.
Volumes did see some growth ahead of the upcoming Memorial Day holiday, though not nearly enough to bust out the champagne and sparklers.
So as not to bury the lede, this week’s lack of change in the PPI might ultimately prove to be the most exciting stability in quite some time.
Cuts at C.H. Robinson impact 2% of its global workforce.
Despite expectations for seasonal growth in the second quarter, the health of the American consumer has continued to become more precarious, stirring headwinds for even once-reliable sources of freight.
Volumes are just beginning to tick up at the tail end of April, but freight demand in the quarter has been mostly flat and thus grossly unseasonable.
The Q2 Freight Sentiment Indexes show carriers lower, brokers higher and shippers about the same despite ample pricing power.
While ocean carriers are not facing the same risks as their domestic trucking counterparts, given their consolidation and enormous war chests, ocean’s weakness in demand will continue to trickle down into truckload markets.
Despite seeing slight seasonal growth, truckload markets are showing a continued soft patch.
The gap between current levels of freight demand and those of 2019 is narrowing, casting doubt on the market’s ability to sustain growth.
C.H. Robinson is not rushing to select Jim Barber as CEO, leading some to wonder if he is the perfect fit for the demanding job.
The consumer will be key to resolving the present tension in freight demand’s future, but consumers continue to be predictably unpredictable.
Market conditions will likely become a bit more favorable before they get much worse.
Strangely enough, tender volumes are abiding by seasonal trends.
Strangely enough, tender volumes are abiding by seasonal trends. The first quarter of 2022 was unusually active as shippers tried to get ahead of disruptions to capacity, which historically tightens in the spring.
With the inflation-squeezed consumer running through their discretionary budgets, freight demand is in a precarious state.
Consumers’ appetite for discretionary spending has been usurped in favor of squirreling away income into personal savings.
Volumes have continued their recovery from the winter holiday season with a surge in pent-up freight demand unleashed into the market. Naturally, since last week’s data was affected by holiday noise, the Outbound Tender Volume Index (OTVI) faces some absurdly easy comps on a weekly basis. Even still, accepted tender volumes remain below their levels of 2021 and ’22 for the time being.
Volumes have continued their recovery from the winter holiday season with a surge in pent-up freight demand unleashed into the market. Naturally, since last week’s data was affected by holiday noise, the Outbound Tender Volume Index (OTVI) faces some absurdly easy comps on a weekly basis. Even still, accepted tender volumes remain below their levels of 2021 and ’22 for the time being.
For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this movement is not alarming by itself. Rather, the gap in freight demand between 2022 and ’21 (or even ’20) is the main symptom of current ailments.
For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this movement is not alarming by itself. Rather, the gap in freight demand between 2022 and ’21 (or even ’20) is the main symptom of current ailments.
Tony Tzeng tells FreightWaves’ Domestic Supply Chain Summit that Transfix’s TrueRate+ program is designed to guarantee tenders with an optimal blend of price and service.
Contrary to popular opinion, December is not a peak season for freight. True, the freight that needs to be moved in this month typically has greater urgency than usual, which does put upward pressure on carrier rates. But peak truckload volumes are largely influenced by maritime imports, which historically peak between July and September.
Historically, November is the month in which maritime imports begin to move inland for their final push before the holiday shopping season. Yet such imports were lost at sea this year, failing to materialize during ocean shippers’ peak season. This one-two punch of weakened import volumes and overstocked retail inventories means that carriers are left with fewer opportunities to source freight.
Historically, November is the month in which maritime imports begin to move inland for their final push before the holiday shopping season. Yet such imports were lost at sea this year, failing to materialize during ocean shippers’ peak season. This one-two punch of weakened import volumes and overstocked retail inventories means that carriers are left with fewer opportunities to source freight.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Hurricane Ian boosted spot rates in the southeast over the past 10 days, but as rejection rates and volumes decline, when will spot rates on a national level take another step lower.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Contract and spot rates continue their downward trend despite volume levels and rejection rates flattening out…
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
In the nine days since July began, OTRI fell 141 basis points (bps) to its lowest level in over two years: 6.7%. In the three days following that bottom, OTRI clawed back 50 bps. At present, however, it seems as though any upward momentum upon which it could have built has been lost.
Volume levels are depressed this week by Monday’s holiday. The national average rate of tender rejections sunk below 7% late in the week, but linehaul spot rates…
Volume levels have made a final push before the second quarter ends. The national rejection rate has recovered from its earlier dip below 8%…
