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’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|

Asset operators: Revenues recover, but what about costs?

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

By |August 27th, 2020|Carrier Outlook, Special Topic, 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|