Trucking Markets: I’ve breathed the mountain air, man
Tender rejections hit an all-time high as spot rates grind higher.
Trucking Markets: Rejections higher, rates down 1% before Thanksgiving
Rates and rejections holding at very high levels before Thanksgiving and Black Friday.
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
Reefer markets: Reefer carriers see lowest ORs in years
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.”
Weeks before Black Friday, carriers freely take price
Truckstop dry van truckload spot rates from LA to Dallas spiked 11.5% week-over-week.
Asset operators: I’m about to put the hammer down
Asset-based truckload carriers are in their best position since 2018: Revenue per driver per week is surging, empty miles are down, and operating ratios are low. Carrier performance is being driven by robust volumes and tight trucking capacity, with both sides of the marketplace being affected by the COVID-19 pandemic.
Trucking markets: Game on: LA, Dallas, Chicago tighten
Tender rejections increased in LA, Dallas, and Chicago—and so did the national average spot rate.
3PL results: Margins narrow, productivity improves
Gross margins narrowed across the board, but 3PLs moved more volume with fewer people.
Trucking markets: Lull persists as operators adjust
Shippers are raising contracted rates and intermodal volumes are growing, taking some pressure off spot markets. But we expect markets to turn up this week.
Q3 earnings: A new cycle begins
We’ve already seen a number of transportation companies report third-quarter earnings results and so far what we’ve heard is in line with the first stage of an upcycle. In general, that means that the more sensitive a transportation company’s revenues are to cycles in the trucking spot market, the
Trucking Markets: Rates and rejections elevated before peak
Markets have been flat to soft for two weeks, but expect a turn-up heading into November.
Reefer markets: Spot rates at YTD highs
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
Trucking markets: Conditions ease but carriers retain pricing power
Carriers are still exercising optionality and charging a premium to drive into backhaul markets.
Asset operators: Roll on highway, roll on along
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
Trucking Markets: Rates, rejections near YTD highs
Expect volatility to the upside in Q4.
Which trucking lanes are the easiest to price?
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
Reshoring on the rise
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
Trucking markets: Shippers capitulate ahead of Q4
Shippers, especially retailers, are giving ground on price to secure capacity for what promises to be an unpredictable Q4.
Trucking Markets: the flattening
Rates pulled back by 1.3% w/w, but moves by brokerages and carriers indicate they think the rally has legs.
Trucking Markets: Rejections and rates take a breather
Tender rejections have fallen for a week, but that doesn't mean that rates will.
ELD technology’s stake in digitalizing the trucking industry
Although driver hours of service (HOS) is now firmly sewn into the trucking industry, it was a subject of contention in the months leading up to the electronic logging device (ELD) mandate in late 2017. U.S. trucking fleets were mandated to install ELDs as gatekeepers to monitor cab activity