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.