Reefer markets: Expecting a strong finish to 2020

The reefer market is following the dry van market, broadly speaking, and setting new highs in tendered loads, tender rejections and spot rates. The average reefer spot rate on Truckstop.com’s load boards rose to $3.33/mile last week, the highest rate in several years.   Reefer capacity is tighter now than

By |September 10th, 2020|3PLs, Featured, Trucking|

Trucking markets: Brokers lose control of spot rates

It’s official: Freight brokers have officially lost control of truckload spot rates. One of the most commonly cited benchmarks in the freight brokerage industry is the important, dense and liquid Chicago to Atlanta lane, which most brokers worth their salt can quote in their sleep. Long suppressed by carrier density

By |September 8th, 2020|3PLs, Trucking|

Multimodal COVID analysis

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

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

ECHO earnings: looking for spot volumes

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

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

Trucking Markets: Texas stays hot after the holiday

Contracted truckload volumes have recovered, tender rejections are still elevated, and while some rates came in after the holiday, others didn’t.   Freight brokers we spoke to were surprised that trucking markets did not meaningfully cool off after July Fourth and are increasingly convinced that freight patterns this year will

By |July 14th, 2020|3PLs, Trucking|