Trucking Markets: spot rates stabilize
Keep an eye on markets important to Texas, including Los Angeles, Phoenix, and Dallas, over the next week.
Stay tuned on this page for all news related to COVID-19 and its impact on the freight markets.
Keep an eye on markets important to Texas, including Los Angeles, Phoenix, and Dallas, over the next week.
Volume declines are slowing, but spot rates plunge below carrier operating costs.
Reefer volumes are still up 21% y/y, but they're falling fast.
We expect truckload volumes to go negative year-over-year this week.
Asian exports are ramping as North American demand plummets, and containers are caught in the middle.
Trucking carriers and 3PLs reported that volumes softened this week.
Intermodal volumes fell sharply on an unfavorable mix-shift to short-haul grocery and CPG.
Now that produce harvesting has begun in central Florida, we expect refrigerated capacity to continue tightening.
Shorthaul reefer loads on the East Coast are outperforming the rest of the freight market, although dry van volumes are ...
Transportation providers are now rejecting 10.69% of contracted loads as capacity tightens around the country.