Tender rejections have fallen for a week, but that doesn't mean that rates will.
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
Everything is in place for a face-ripping rally in Q4.
Relationships between shippers and transportation providers are being reshuffled.
Los Angeles and Dallas are driving the national market.
There's a routing guide shake-up happening right now.
The summer rally has already been stronger and longer than in 2018 and 2019.
126 of 135 freight markets saw tighter trucking capacity than they did last week.
The transportation industry is bifurcated by opposing views of spot rates’ direction during the second half of 2020. Shippers have started asking carriers for longer contract periods, looking to lock in very low rates. They’re putting pressure on carriers by tendering spot loads at prices well below agreed-upon contract rates.
Despite noisy holiday volume data, by most measures trucking markets are continuing their recovery. Week-over-week comparisons look dramatic and make that progress look faster than it actually is: remember that rates are relatively low, capacity is relatively loose, and spot volumes—but not contracted volumes—are soft relative to last year. That
Railroads performed the best, while LTL earnings cratered.