Feels like summer

This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

This week’s Pricing Power Index is based on the following indicators:

Volumes...

https://www.freightwaves.com/news/feels-like-summer

Post-holiday bump setting the stage for summer

This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

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https://www.freightwaves.com/news/post-holiday-bump-setting-the-stage-for-summer

Why LTL shippers need additional insurance coverage

Claims are a common source of frustration for most regular less-than-truckload shippers. Due to LTL carrier limitations and exclusions, shippers with damaged cargo often recover from $5 per pound down to as little as 10 cents per pound and are left without any viable avenue to recoup their losses.  

The nature of LTL makes preventing cargo damage difficult. Shipments are touched and transferred between trailers via forklift often, creating the potential for mishaps at every turn. 

“[Shippers]...

https://www.freightwaves.com/news/why-ltl-shippers-need-additional-insurance-coverage

Broker-Carrier Summit roaring into Kansas City

For brokers and carriers used to finding each other only through load boards, the upcoming in-person Broker-Carrier Summit on April 22-24 in Kansas City, Missouri, seeks to take those relationships to the next level.

“What we’re doing is creating something completely new in the industry. We’re bringing brokers and carriers together, especially those small to medium-sized brokers and carriers who have trouble finding each other, who are constantly dependent upon load boards,” said Trey Griggs,...

https://www.freightwaves.com/news/broker-carrier-summit-roaring-into-kansas-city

FreightTech Friday: 4 tech companies FreightWaves met at MATS

In March, Louisville, Kentucky, hosted the 52nd Mid-America Trucking Show, an event drawing a dynamic spectrum of stakeholders ranging from trucking companies, technology providers and OEMs to parts manufacturers and industry experts. This annual gathering serves as both a showcase of emerging trends and a celebration of the trucking lifestyle.

FreightWaves seized the opportunity to dive into current innovations, conducting interviews with four FreightTech companies poised to revolutionize...

https://www.freightwaves.com/news/freighttech-friday-4-tech-companies-freightwaves-met-at-mats

Beware the false spring

This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

This week’s Pricing Power Index is based on the following indicators:

A break...

https://www.freightwaves.com/news/beware-the-false-spring

The long road to recovery

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This week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers)

Last week’s FreightWaves...

https://www.freightwaves.com/news/the-long-road-to-recovery

Recruiting and retention leadership – Taking the Hire Road

Sadie Church, president of Recruit Hire Retain, joined Jeremy Reymer on a recent episode of Taking the Hire Road. The duo dove into Church’s trucking industry background and her passion for helping carriers improve their recruiting and retention processes.

Church’s affinity for trucking started at a young age. Church’s father was a driver and owner-operator throughout her childhood, leaving her with fond memories of summer vacations in the truck, as well as a deep-rooted respect for the...

https://www.freightwaves.com/news/recruiting-and-retention-leadership-taking-the-hire-road

Carriers need True Non-Recourse factoring as brokers continue to close up shop

Last year was a treacherous time to be in the logistics industry. While experts are more optimistic about 2024, flipping the calendar over to January did not offer instantaneous relief. 

Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time. This is especially true as freight brokers – ranging from small companies to household names – continue to enter and exit the market at breakneck speeds. 

When a...

https://www.freightwaves.com/news/carriers-need-true-non-recourse-factoring-as-brokers-continue-to-close-up-shop

The market is shifting; shippers and carriers should prepare

It’s no secret that COVID had an enormous economic impact in 2020 and the years succeeding, especially on the logistics industry. 2020 saw carriers bursting at the seams and shipping rates higher than ever, creating a favorable market for carriers.

As shipping volumes and COVID-induced spikes started to decline, however, carriers were left with a lot of excess capacity, leading to diminishing rates at the same time fuel costs were spiking following Russia’s invasion of Ukraine. This created a...

https://www.freightwaves.com/news/the-market-is-shifting-shippers-and-carriers-should-prepare

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