Reefer capacity remains tight, volumes are strong and spot rates are very high. In fact, at $3.29/mile including fuel, national average reefer spot rates on Truckstop.com’s load boards have not yet retreated from their YTD high. Midwest to the East Coast lanes have the most momentum and may continue
The pricing accuracy of any given lane is based on its daily load volumes. In financial jargon, volume is referred to as liquidity. The more volume, the less friction in buying and selling, the more liquid a transaction becomes. Stocks traded on the New York Stock Exchange (NYSE) are one
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
The U.S. industrial economy continues to recover following the COVID-related demand and production shocks of March and April, but the recovery has been uneven. In this report, we look at oil and gas, forest products and the automotive industry to gain a sense of where the strengths and weaknesses of
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
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
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
Congress just passed a $2 trillion stimulus package. This figure equates to 9% of 2019 U.S. GDP of $21.5 trillion. As COVID-19 rapidly spreads and has become a pandemic, vast swaths of the global economy are shut down, which should lead to mounting unemployment and a deep recession. The second-to-last
In a recent whitepaper (“How much freight do the top 100 shippers in the U.S. Control?”; March 6), we examined how much freight the top 100 shippers account for in the U.S. This whitepaper is a follow-on to that report, and we would suggest reading it first. We then assumed
We thought it would be an interesting exercise to take the 2019 Fortune 500 list and break out the top 100 U.S. shippers in order to determine how much freight those shippers control. Once we narrowed down the Fortune 500 to the top 100 shippers, we made several important assumptions.
We thought it would be an interesting exercise to take the 2019 Fortune 500 list and break out the Top 100 shippers of freight. The Fortune 500 is an annual, iconic tradition that lists the Top 500 companies in the U.S. by revenue, public or private as long as they
Detention time is a growing problem and is costing carriers billions by delaying their return to the road. In this whitepaper, we describe why detention is such a big issue, outline potential ways to solve it, calculate its opportunity cost and analyze the findings from our detention survey from carriers.
This white paper gathers information about Amazon’s likely impact on transportation and logistics from three sources: a sentiment survey of carriers, brokers and shippers; a thorough lane analysis of Amazon and DAT rates; and an equities market analysis that looks at the stock prices of companies competing with Amazon. Based