Research2020-09-22T10:31:26-04:00

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.

  • TMS Brand Awareness Survey

    The transportation management system (TMS) platform has come a long way over the past decade — from a key differentiator for some transportation and logistics companies to a must-have for all. According to market research firm Grand View Partners, the global market size for TMS platforms was estimated at $61.2 billion in 2018. With a compounded annual growth rate of 16.7%, the forecast is for the market size to cross the $100 billion mark over the next few years. The key mover for the TMS market is how much room there is for improvement. Based on FreightWaves’ TMS brand awareness

Recent

TMS Brand Awareness Survey

By |November 16th, 2020|3PLs, Featured, News, Special Topic, Technology, Trucking|

The transportation management system (TMS) platform has come a long way over the past decade — from a key differentiator for some transportation and logistics companies to a must-have for all. According to market research firm Grand View Partners, the global market size for TMS platforms was estimated at $61.2

Reefer markets: Reefer carriers see lowest ORs in years

By |November 13th, 2020|3PLs, Featured, News, Special Topic, Trucking|

The national average refrigerated truckload spot rate on Truckstop.com’s load boards is an incredible $3.36/mile, including fuel. That has kept reefer tender rejections very high and operating ratios very low. We called the bull market for refrigerated trucking transportation in our June 1 note, “Reefer markets: Enjoying a positive setup.”

3PLs

Reefer markets: Reefer carriers see lowest ORs in years

By |November 13th, 2020|3PLs, Featured, News, Special Topic, Trucking|

The national average refrigerated truckload spot rate on Truckstop.com’s load boards is an incredible $3.36/mile, including fuel. That has kept reefer tender rejections very high and operating ratios very low. We called the bull market for refrigerated trucking transportation in our June 1 note, “Reefer markets: Enjoying a positive setup.”

Carrier Outlook

Q3 Carrier Outlook: Over-capacity and the freight recession of 2019

By |August 13th, 2019|Carrier Outlook|

In this white paper, the Freight Intel Group establishes a definition for a freight recession: some combination of multi-quarter consecutive drops in tender load volumes, tender rejections, spot rates and market sentiment. WIth this definition established, we determine we are in fact in the midst of a freight recession. Read

Q2 Carrier Outlook: Still seeing the positives

By |April 25th, 2019|Carrier Outlook|

The initial project form the Freight Intel Group surveyed hundreds of carriers to gauge their sentiment for 2019. Forty percent of small fleets still believe 2019 line-haul rates will surpass those seen in the second half of 2018, while another 20% expect rates to be comparable to those in 2018.

Financials

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

3PL Q2 Preview

By |June 25th, 2020|3PLs, Financials, Special Topic|

April market conditions that were favorable to freight brokerages — loosening truck capacity and declining spot rates — reversed themselves in May, and in June, gross margins progressively narrowed on higher volumes and lower revenues.   Contrary to the guidance offered by 3PL management teams on Q1 earnings calls, we

Freight Market Outlook

Global Trade

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: Chicago and Savannah tighten up

By |November 4th, 2020|Intermodal, News, Rail|

Shippers and intermodal marketing companies are running into intermodal capacity constraints all over the country, not just Southern California. Over the past week, intermodal tender rejections soared in Joliet (Chicago) and Savannah, Georgia, even as spot rates took another leg up out of Los Angeles. There still appears to be

Intermodal markets: PSR’s next phase at Norfolk Southern

By |October 28th, 2020|Intermodal, News, Rail|

On the Norfolk Southern Q3 earnings call, much of the Q&A period with analysts focused on NSC’s intermodal franchise: The railroad hauls more intermodal containers as a percentage of its overall volumes than any other railroad, and on an absolute-volume basis, much more than its eastern competitor CSX.   We

Rail

Intermodal markets: Chicago and Savannah tighten up

By |November 4th, 2020|Intermodal, News, Rail|

Shippers and intermodal marketing companies are running into intermodal capacity constraints all over the country, not just Southern California. Over the past week, intermodal tender rejections soared in Joliet (Chicago) and Savannah, Georgia, even as spot rates took another leg up out of Los Angeles. There still appears to be

Intermodal markets: PSR’s next phase at Norfolk Southern

By |October 28th, 2020|Intermodal, News, Rail|

On the Norfolk Southern Q3 earnings call, much of the Q&A period with analysts focused on NSC’s intermodal franchise: The railroad hauls more intermodal containers as a percentage of its overall volumes than any other railroad, and on an absolute-volume basis, much more than its eastern competitor CSX.   We

Shippers

Please Mr. Postman

By |August 21st, 2020|Featured, Most Popular, News, Shippers, Special Topic|

Two things can be true at the same time: The United States Postal Service is an invaluable public service crucial to the transportation of pharmaceuticals, official documents and much else, and it’s also in an unsustainable position and in need of a turnaround.   Many people are aware of the

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

Special Topic

Asset operators: Roll on highway, roll on along

By |October 9th, 2020|Featured, Special Topic, Trucking|

All signals are flashing green for truckload carriers. Growing revenue per driver per week and falling empty-mile percentages pushed operating ratios down, giving carriers more confidence to purchase new and used equipment.    In most lanes in the country, carriers hold pricing power and will be able to increase contract

Reshoring on the rise

By |October 1st, 2020|Featured, Global Trade, News, Shippers, Special Topic, Trucking|

Global trade as a percentage of global GDP peaked in 2006 for a variety of reasons.   Geopolitical tensions are creating more friction in global trade, while automation is smoothing out the labor cost arbitrages that shifted manufacturing from the U.S. to Asia in the 1980s and ’90s. Meanwhile, more

Technology

Reefer markets: Reefer carriers see lowest ORs in years

By |November 13th, 2020|3PLs, Featured, News, Special Topic, Trucking|

The national average refrigerated truckload spot rate on Truckstop.com’s load boards is an incredible $3.36/mile, including fuel. That has kept reefer tender rejections very high and operating ratios very low. We called the bull market for refrigerated trucking transportation in our June 1 note, “Reefer markets: Enjoying a positive setup.”

Intermodal markets: BNSF intermodal volume surges 12.6% y/y

By |November 11th, 2020|Intermodal, News, Rail|

Just over 53% of BNSF’s total volume is composed of intermodal containers — the Western railroad joins Norfolk Southern as the only other Class I with a freight portfolio more than half intermodal. BNSF continues to outpace Union Pacific’s intermodal volume growth. It’s a different story for Kansas City Southern,

Trucking

Reefer markets: Reefer carriers see lowest ORs in years

By |November 13th, 2020|3PLs, Featured, News, Special Topic, Trucking|

The national average refrigerated truckload spot rate on Truckstop.com’s load boards is an incredible $3.36/mile, including fuel. That has kept reefer tender rejections very high and operating ratios very low. We called the bull market for refrigerated trucking transportation in our June 1 note, “Reefer markets: Enjoying a positive setup.”

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