Arrive Logistics

Shippers must evolve to overcome market challenges

Tractor-trailer heading down highway with thunderstorm cloud across the sky.

Rates have remained high throughout 2021, and shippers have been anticipating the market to rebalance. They may be waiting a bit longer, as seasonal slowdowns after the holiday season may not be as dramatic as most shippers are accustomed to — and hoping for — during the first quarter of 2022.

Peak season is in full force this year, and spot rates are likely to hit their peak during the fourth quarter of 2021, according to David Spencer, Arrive Logistics’ director of business intelligence....

https://www.freightwaves.com/news/shippers-must-evolve-to-overcome-market-challenges

Peak season analysis and strategy

Shippers continue to face pandemic-related headwinds as they enter the 2021 peak season. Severely strained capacity and elevated rates have created a challenging environment for shippers, in part, due to the increased level of spending and ongoing consumer shift toward e-commerce. Carrier network imbalances and capacity fragmentation have made the capacity available less accessible. While these trends existed before COVID-19, the pandemic only accelerated these challenges and behavior changes.

Wi...

https://www.freightwaves.com/news/peak-season-analysis-and-strategy

Shippers should expect strained market into 2022

A perfect storm of factors — strong consumer demand, limited production levels and driver availability issues — has led to a historically strained market in the wake of the ongoing pandemic. Shippers have been anxiously waiting for the market to loosen up for months, and they should expect to continue waiting well into early 2022. 

“The balance between supply and demand is definitely tilting toward demand. That looks like it will continue to be the case through the rest of the year due to both...

https://www.freightwaves.com/news/shippers-should-expect-strained-market-into-2022

What does current consumer sentiment mean for the freight industry?

Robust freight cycle hums along

The last two years have proven to be unusually volatile, even for the roller-coaster-ready logistics industry. While the need for essentials soared, demand was depressed across most sectors during the height of the pandemic. As states reopened and vaccines became available, consumers ventured out more and widespread economic recovery bloomed across the nation. 

This continuing economic resurgence – combined with the ongoing driver shortage, equipment shortage and long lead times on new truck...

https://www.freightwaves.com/news/what-does-current-consumer-sentiment-mean-for-the-freight-industry

The evolution of carrier booking behavior

Over the last decade, pretty much every aspect of moving freight has been changed by the swift introduction of industry-specific technology. GPS accuracy has been enhanced, ELDs helped promote visibility as a key KPI and tracking systems and expectations have been implemented. Booking is no exception. The digital tools and instant booking apps of today are a far cry from the physical load boards that once lived inside truck stops. 

Technology trickled into the booking scene slowly, and it was...

https://www.freightwaves.com/news/the-evolution-of-carrier-booking-behavior

Arrive Logistics launches Carrier EDGE, partners with TriumphPay

On Tuesday, Arrive Logistics, a freight brokerage based in Austin, Texas, launched an online freight portal called Carrier EDGE and a partnership with TriumphPay, both aimed at creating an elevated experience for their carrier partners.

“We’re really excited to add a technology piece that will be a huge asset for our carriers,” said Justin Frees, the chief capacity officer at Arrive, in an interview with FreightWaves. “Carrier EDGE is designed to provide an experience that makes it as easy as...

https://www.freightwaves.com/news/arrive-logistics-launches-carrier-edge-partners-with-triumphpay

The Daily Dash: Trucking loses reprieve from California independent contractor law

The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight the end of an injunction in California that had kept an independent contractor law from applying to trucking, as well as a funding round for Arrive Logistics and more.

The High Five

1. An injunction that stopped the California trucking industry from coming under AB5, the state’s law governing the use of independent contractors, has been overturned. John Kingston with details

2. Austin,...

https://s29755.pcdn.co/news/the-daily-dash-trucking-loses-reprieve-from-california-independent-contractor-law

Arrive Logistics takes on over $300M investment led by ATL Partners

On Wednesday morning, Austin, Texas-based freight brokerage Arrive Logistics announced that ATL Partners, a New York City-based private equity firm focused on aerospace, transportation and logistics, led a funding round of more than $300 million to become Arrive’s largest minority owner. ATL Partners was joined by Baupost Group, British Columbia Investment Management Corp. and Temasek.

ATL Partners will add Andrew Clarke, Jerome Lorrain and Paul Bell to the board of directors. Clarke, formerly...

https://s29755.pcdn.co/news/arrive-logistics-takes-on-more-than-300-million-investment-led-by-atl-partners

Vaccine delivery progressing with warp speed — Midday Market Update

MMU 11/24

Could Moderna be next to get fast-tracked vaccine approval?

Headlines

Forward Air is seeing significant outages across its technology systems after a security incident rendered some computer systems useless. The hack has caused its website to go offline, but a spokesman says all shipments currently in Forward Air’s system will still deliver on time. 

Drivers for Schneider National will start making an additional 4 cents per mile on Jan. 24, with the pay increase following several other...

https://s29755.pcdn.co/news/vaccine-delivery-progressing-with-warp-speed-midday-market-update

Freight forecasting during a pandemic — #WithSONAR (with video)

david spencer for with sonar

How COVID-19 has challenged and changed the realm of freight forecasting

Luke Falasca and Kyle Taylor are back this week with a look at the state of the market using FreightWaves SONAR data.

They hit the idea of market volatility following the Thanksgiving holiday and Black Friday/Cyber Monday shopping days. 

Falasca says trends in outbound tenders and tender rejections followed exactly as he expected after the holiday, fitting into the typical seasonal cycle. 

Taylor says even though rejection...

https://www.freightwaves.com/news/freight-forecasting-during-a-pandemic-withsonar-with-video

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