Research2020-08-07T12:13:42-04:00

Passport Research

Passport provides proprietary insights into the transportation and logistics sectors, using surveys, fundamental research, financial modeling and simulation modeling. Passport takes that data and information to offer subscribers unparalleled deep research, analysis and insight on trends and conditions in the freight market.

Passport’s analysts go deep into major topics, providing information about the latest news and trends in surface and air transportation. Subscribers will also receive the latest on freight tech, warehouse automation, precision scheduled railroading, the economy, global trade and other topics that impact the world of freight. The Passport research team uses methods most commonly offered by Wall Street banks and market research firms.

Subscribers receive timely updates on current events in freight, webinars that provide an in-depth focus on key issues, as well as tailored weekly discussion with the experts on topics or issues that Passport members want to know more about.

Recent

3PLs

Multimodal COVID analysis

By |July 30th, 2020|3PLs, Financials, Special Topic, Trucking|

In our view, COVID-related demand and capacity dislocations have touched off an upcycle in trucking markets supported by fundamentally constrained capacity. This week, a new batch of corporate earnings (UPS, WERN, USX, CHRW) helped us understand how transports experienced that volatility.   In 2020, COVID-related volatility hit parcel carriers first

Carrier Outlook

Q2 2020 Carrier Outlook: The worst is ahead

By |April 15th, 2020|Carrier Outlook|

The second quarter may prove the toughest in recent history. GDP estimates vary greatly, but all point to a very weak economic environment as long as we do not have COVID-19 contained. We are likely months away from consumers regaining confidence and returning to pre-crisis spending levels. Until then, we

Q1 2020 Carrier Outlook

By |January 7th, 2020|Carrier Outlook|

Carriers have no clue where loads and line-haul rates are heading in the first quarter of 2020. The outlook for load volumes is split evenly between higher, lower and sideways, with one-third of carriers choosing each.  The story is much the same for line-haul rates. While it is not a

Financials

Multimodal COVID analysis

By |July 30th, 2020|3PLs, Financials, Special Topic, Trucking|

In our view, COVID-related demand and capacity dislocations have touched off an upcycle in trucking markets supported by fundamentally constrained capacity. This week, a new batch of corporate earnings (UPS, WERN, USX, CHRW) helped us understand how transports experienced that volatility.   In 2020, COVID-related volatility hit parcel carriers first

ECHO earnings: looking for spot volumes

By |July 23rd, 2020|3PLs, Financials, Special Topic|

Echo Global Logistics’ (NASDAQ: ECHO) second-quarter results and management commentary confirmed our basic view of the trucking market, which is that tighter capacity has made markets more sensitive, and strong volume growth is pushing spot rates up. Positive revenue guidance for Q3 was another strong signal of a fundamentals-driven recovery

Gaming out an Uber Freight deal

By |July 17th, 2020|3PLs, Financials, Special Topic, Technology, Trucking|

First, reports came out that Uber Freight (UF) was being “re-evaluated,” although its demise was not imminent. The more recent news about a potential deal to sell an equity stake in Uber Freight has renewed the industry conversation around Freight’s business model, sustainability and future.   In what follows, we

Freight Market Outlook

Q2 2020 Freight Market Outlook

By |April 22nd, 2020|Freight Market Outlook|

The end of the first quarter will be characterized as a freight frenzy in which volumes surged 30% and capacity quickly tightened to the tune of OTRI nearly reaching 20%. To start Q2, volumes are well below "normal levels" and capacity is extremely loose. Unfortunately, we do not feel we

Global Trade

Reinventing maritime transport: The rise of autonomous vessels

By |July 31st, 2020|Global Trade, Technology|

The maritime industry has witnessed seismic technological disruption in the past decade, with process digitalization and automation of select operations helping improve transparency and logistics efficiency. Aside from disrupting back-end operations, automation is now increasingly relevant at the port terminals and on container vessels.     The growth of trade across

US-China tariffs: Dancing on a ledge

By |June 13th, 2019|Global Trade, Special Topic|

In the following white paper, the Freight Intel Group examines how 25% tariffs on virtually all $540 billion of Chinese imports will affect freight volumes and rates over the coming months. Will there be a repeat of a rush of ocean imports into the West Coast like the buzzer-beaters in

Intermodal

Intermodal markets: A test on the horizon

By |August 5th, 2020|Intermodal, Rail|

U.S. Class I intermodal volumes were down just 1.8% compared to 2019 last week as the industry benefits from growing imports and tight trucking capacity.   In general, intermodal service has held up fairly well, deteriorating only slightly as volumes have slowly ground upward toward par: Train velocities are still

Rail

Intermodal markets: A test on the horizon

By |August 5th, 2020|Intermodal, Rail|

U.S. Class I intermodal volumes were down just 1.8% compared to 2019 last week as the industry benefits from growing imports and tight trucking capacity.   In general, intermodal service has held up fairly well, deteriorating only slightly as volumes have slowly ground upward toward par: Train velocities are still

Intermodal Markets: Another round of network redesigns

By |July 29th, 2020|Intermodal, Rail|

Intermodal volumes continued their slow recovery and moved closer to par. The Eastern railroads – CSX and Norfolk Southern (NSC) – were especially upbeat on their earnings calls regarding intermodal growth prospects against a backdrop of tightening trucking capacity and fewer ocean blank sailings.   One notable change to CSX’s

Shippers

Reefer markets: Dallas heralds COVID part II

By |July 9th, 2020|3PLs, Shippers, Special Topic, Trucking|

The question on our minds now is whether Dallas is the first stage of another March-like surge in refrigerated volumes driven by the coronavirus. In response to a spike in new infections, Texas officials closed bars and limited restaurants, causing outbound and inbound Dallas reefer volumes to turn upward to

The Future of the TMS

By |July 2nd, 2020|3PLs, Shippers, Special Topic, Technology, Trucking|

Over the past three decades, TMSes have evolved beyond the management of shipments to encompass many more processes and bring shippers, intermediaries, and carriers closer together. TMSes that began their lives as relatively siloed, on-premise platforms requiring large amounts of manual data entry are now connected via API to shipper

Special Topic

Multimodal COVID analysis

By |July 30th, 2020|3PLs, Financials, Special Topic, Trucking|

In our view, COVID-related demand and capacity dislocations have touched off an upcycle in trucking markets supported by fundamentally constrained capacity. This week, a new batch of corporate earnings (UPS, WERN, USX, CHRW) helped us understand how transports experienced that volatility.   In 2020, COVID-related volatility hit parcel carriers first

ECHO earnings: looking for spot volumes

By |July 23rd, 2020|3PLs, Financials, Special Topic|

Echo Global Logistics’ (NASDAQ: ECHO) second-quarter results and management commentary confirmed our basic view of the trucking market, which is that tighter capacity has made markets more sensitive, and strong volume growth is pushing spot rates up. Positive revenue guidance for Q3 was another strong signal of a fundamentals-driven recovery

Technology

Trucking

Multimodal COVID analysis

By |July 30th, 2020|3PLs, Financials, Special Topic, Trucking|

In our view, COVID-related demand and capacity dislocations have touched off an upcycle in trucking markets supported by fundamentally constrained capacity. This week, a new batch of corporate earnings (UPS, WERN, USX, CHRW) helped us understand how transports experienced that volatility.   In 2020, COVID-related volatility hit parcel carriers first

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