The business environment for asset-based trucking carriers continues to improve: Empty mile percentages are lower and revenue per driver per week is up. There are headwinds blowing against asset operators, though: The rack-to-retail diesel fuel spread is no longer doing much work on the carriers’ income statements, and operating expenses
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
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
The fourth quarter 2019 saw a rebound on carrier sentiment for load volumes and rates. This is a positive sign for carriers as sentiment seemed to hit a low in our third quarter survey. Is this an early indicator of an end to the over-capacity that has dominated the trucking
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
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.