Thursday, February 25, 2021
FreightWaves Passport
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • FreightTech
    • 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
    • FreightTech
    • 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: Rejections and rates take a breather

by John Paul Hampstead, Director, Passport Research
Thursday, December 10, 2020
in 3PLs, News, Trucking
Reading Time: 1min read
0

(Photo: FreightWaves / Jim Allen)

Tender rejection rates cooled somewhat over the past week to just over 25%; spot rates were up 2%; and tendered volumes began normalizing after the holiday. 
Dry van truckload spot rates from Chicago to Atlanta, the lane we discussed in detail last week, were above the national average for the second week in a row.
We believe the trucking markets’ rally still has legs and that rates will go higher into the fourth quarter of 2020; this momentary pause feels like similar soft patches trucking markets hit after the July 4 holiday and in the second week of August.

In the Trucking Spot Rates section below, we offer a more detailed discussion of what a peak would look like for different players in trucking markets and why we don’t think we’re quite there yet, even if tender rejections never retake their August highs. Truckload carrier operating ratios should continue to move lower, especially if carriers can move contracted rates up by mid-single digits, and peak gross margins for brokerages will come when enough capacity has entered the industry to push spot rates back down.

Continue to keep an eye on containerized imports, trans-Pacific rates and intermodal volumes and service as proxy gauges for demand for truckload transportation.

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: 3PLsfreight brokersPassport ResearchTruckingtrucking 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

Intermodal

Intermodal volume begins to dig out while network challenges remain

Wednesday, February 24, 2021
3PLs

Trucking markets: Smooth seas and blue skies

Wednesday, February 24, 2021
3PLs

This week’s snowstorm in 13 SONAR charts

Thursday, February 18, 2021
Next Post

Intermodal markets: Holiday noise doesn't reverse uptrend

Popular Research

  • Activist makes strong case: Forward’s management took company backward

    0 shares
    Share 0 Tweet 0
  • This week’s snowstorm in 13 SONAR charts

    0 shares
    Share 0 Tweet 0
  • Blockbuster M&A Deep Dive: TFI International buys UPS Freight

    0 shares
    Share 0 Tweet 0

By Categories

  • 3PLs (90)
  • Carrier Outlook (6)
  • Featured (24)
  • Financials (21)
  • Freight Market Outlook (1)
  • FreightTech (1)
  • Global Trade (4)
  • Intermodal (78)
  • Most Popular (17)
  • News (72)
  • Passport Research (33)
  • Rail (67)
  • Shippers (13)
  • Special Topic (75)
  • Technology (17)
  • Trucking (121)
  • Uncategorized (1)

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
  • FreightTech
  • 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
    • FreightTech
    • 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