Sunday, January 29, 2023
FreightWaves Passport
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In
No Result
View All Result
FreightWaves Passport
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In
No Result
View All Result
FreightWaves Passport
No Result
View All Result
Home 3PLs

Trucking Markets: I've breathed the mountain air, man

by John Paul Hampstead, Director, Passport Research
Friday, December 11, 2020
in 3PLs, News, Passport Research, Trucking
Reading Time: 1min read
0

(Photo: Jim Allen / FreightWaves)

The trucking market in 2020 has been everywhere, man, and now, once again, it’s headed for higher ground.

The national average dry van truckload spot rate on Truckstop.com’s load boards edged up 0.6% last week to $2.91/mile while the national truckload tender rejection rate hit an all-time high at 28.32% Monday. As driver preferences constrain capacity into the holidays, we expect upward volatility in rates, particularly in refrigerated food and retail.

Recent softness in import shipments data appears to be more an artifact of port congestion and limitations on human customs officials’ bills of lading throughput. There are many vessels anchored off West Coast ports with freight waiting to be brought onshore.

Hot spot markets and the difficulty carriers are having recruiting and retaining drivers — who are ditching their company fleet jobs to go independent in large numbers — have prevented shippers from getting any kind of meaningful grip on improving routing guide compliance. That basic fact is reshuffling relationships between shippers and transportation providers, creating opportunities for freight brokerages that can secure capacity in this environment, have the operational sophistication to provide creative solutions and commit to customer service.

Members Only

You have selected content that's only available to members of FreightWaves Passport. As a member, you gain immediate access to the most in-depth and informative freight research available. It's your gateway to continuing education.

Members also get:

  • Access to exclusive community dedicated to discussing the most important challenges facing freight.
  • Monthly and Quarterly Freight Market reports keeping you informed of industry trends.
  • Much, much more!

Click below to learn more and sign up today!

Subscribe
Existing Passport subscribers may log in using the form below.

 
 
Forgot Password
Tags: logistics researchPassport Researchtransportation researchtrucking markets
ShareShareTweetSend

John Paul Hampstead, Director, Passport Research

John Paul conducts research on multimodal freight markets and holds a Ph.D. in English literature from the University of Michigan. Prior to building a research team at FreightWaves, JP spent two years on the editorial side covering trucking markets, freight brokerage, and M&A.

Related Posts

3PLs

Rocky road on the way in 2023?

Monday, December 12, 2022
Department stores find leading economic indicators in freight market data
3PLs

Department stores find leading economic indicators in freight market data

Thursday, November 17, 2022
Lumber companies face complex freight decisions
3PLs

Lumber companies face complex freight decisions

Wednesday, October 26, 2022
Next Post

Intermodal markets: 53-foot volume hits YTD high

Popular Research

  • Falling freight demand shapes 2022 outlook

    0 shares
    Share 0 Tweet 0
  • Lumber companies face complex freight decisions

    0 shares
    Share 0 Tweet 0
  • Rocky road on the way in 2023?

    0 shares
    Share 0 Tweet 0

By Categories

  • 3PLs (119)
  • Carrier Outlook (6)
  • Featured (71)
  • Financials (22)
  • Freight Market Outlook (1)
  • Global Trade (6)
  • Intermodal (109)
  • Most Popular (27)
  • News (81)
  • Passport Research (35)
  • Rail (98)
  • Shippers (33)
  • Special Topic (99)
  • Technology (19)
  • Trucking (160)

FreightWaves Passport




Research built for present and future c-suite executives.





Benefits

  • Research
  • Education
  • Community
  • Events

Research by Topic

  • 3PLs
  • Carrier Outlook
  • Featured
  • Financials
  • Freight Market Outlook
  • Global Trade
  • Intermodal
  • Most Popular
  • Special Topic
  • Trucking

Resources

  • Webinars
  • Meet the Team
  • Contact Us

© Copyright 2021 | FreightWaves, Inc. | All Rights Reserved

No Result
View All Result
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In

© Copyright 2020 | FreightWaves, Inc. | All Rights Reserved