Tender rejections have fallen for a week, but that doesn't mean that rates will.
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.
We don't think that capacity will loosen soon, but upward pressure on contract rates will take time.
Trucking markets are increasingly diverging from seasonal patterns.
If volumes ramp, Q2 could also be challenging for freight brokers.
Keep an eye on markets important to Texas, including Los Angeles, Phoenix, and Dallas, over the next week.
Dallas, Allentown, and Salt Lake City saw volumes grow week-over-week.
The five largest markets took share from the smallest 50.
Volume declines are slowing, but spot rates plunge below carrier operating costs.
We expect truckload volumes to go negative year-over-year this week.
Trucking carriers and 3PLs reported that volumes softened this week.
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 up, too.
Transportation providers are now rejecting 10.69% of contracted loads as capacity tightens around the country.
Leading indicators are flashing red.
Volumes grow across a broad swath of freight markets, driven by unusual consumer activity.
Outbound rates from LA drop below $1.20/mile.
We game out best, base, and worst cases for the U.S. macroeconomy, financial markets, and freight markets.
Rates into L.A. are more expensive; rates out are lower. That's bearish for West Coast freight markets.