Midday Market Update

From earnings to exports — Midday Market Update

MMU 11/24

Are grain markets seeing a squeeze?

Andrew Cox reports the differences being revealed between air cargo and airline passenger business recovery. Cox says cargo saw less of an impact from the pandemic so the recovery has been sharper than for passenger flights. 

Echo Global Logistics has reported great growth in earnings, showing increases in volume, total revenue and truckload revenue. 

LTL provider Old Dominion also posted great fourth-quarter earnings, posting a 76.3% operating ratio in Q4 and...

https://www.freightwaves.com/news/from-earnings-to-exports-midday-market-update

Problems continue at US ports — Midday Market Update

MMU 11/24

How high rates are affecting congestion

January is over and Lunar New Year is just around the corner, but the ocean market has still shown no signs of cooling off. Port congestion is rampant, with 40 container ships at anchor in California’s San Pedro Bay on Monday, and this congestion is keeping spot rates “stratospheric,” says FreightWaves’ Andrew Cox during the Midday Market Update. 

High rates mean U.S. importers will need to negotiate annual contracts during this spot rate boom, a boom that...

https://www.freightwaves.com/news/problems-continue-at-us-ports-midday-market-update

Is the market becoming more stable? — Midday Market Update

MMU 11/24

How contract and spot rates are competing for dominance

Headlines

UPS announced Monday it was waving the white flag on its LTL division, selling UPS Freight to TFI International for $800 million. The deal reached unanimous approval from both company’s boards and will close sometime in the second quarter of 2021. 

A roller-coaster year came to a close on a high note for Georgia ports and the Georgia Ports Authority has increased its movement of twenty-foot equivalent units by 1.8% from 2019 to...

https://www.freightwaves.com/news/is-the-market-becoming-more-stable-midday-market-update

Congestion on the high seas — Midday Market Update

MMU 11/24

What maritime markets look like right now

Ocean freight stays hot but will it be impacted by Chinese New Year?

Headlines

The Port of Los Angeles is willing to pay terminals for turning trucks quickly in order to get freight moved through the market. Currently imports far outweigh exports in the Port of LA and Micheal Vincent says this imbalance is a major efficiency killer for port operations. 

U.S. Xpress has released its 2021 economic outlook and the company is forecasting fundamentals from 2020...

https://www.freightwaves.com/news/congestion-on-the-high-seas-midday-market-update

Imports and infrastructure are top priority — Midday Market Update

MMU 11/24

Over halfway through January, retail sales and imports continue to grow

Headlines

FreightWaves’ Greg Miller reports on the exorbitant growth in import activity as container spot rates remain high and freight volumes are expected to stay elevated in the coming months. 

Infrastructure is high on the priority list for the incoming administration, and President-elect Joe Biden plans to roll out his Build Back Better recovery plan during the first joint session of Congress. This plan may directly...

https://www.freightwaves.com/news/imports-and-infrastructure-are-top-priority-midday-market-update

Sales still booming to start January — Midday Market Update

MMU 11/24

Trailer and retail sales remain strong in the new year

Headlines

Preliminary net trailer orders for December broke 40,000 for the fourth consecutive month, which is 155% higher year-over-year. Most orders were for dry van and refrigerated trailers, but flatbed trailers also saw a rebound — a good indicator for the manufacturing industry. 

West Coast ports are still seeing huge backlogs of container ships with the Port of LA and the Port of Long Beach having no usable anchorages. Labor shortages at...

https://www.freightwaves.com/news/sales-still-booming-to-start-january-midday-market-update

Which fleets to flock to in 2021 — Midday Market Update

MMU 11/24

20 carriers listed as best fleets of 2021

Headlines

TCA and Carriers Edge released their list of best fleets to drive for in 2021, with four companies new to the list and 16 returning carriers. 

The overall winners will be announced at TCA’s annual convention in Las Vegas, but the newcomers are Chief Carriers, Erb Transport, Jetco Delivery and Wilson Logistics. Notable returns include five-time awardee Garner Trucking. Grand Island Express has made the list for 10 consecutive years. 

Class 8 truck...

https://www.freightwaves.com/news/which-fleets-to-flock-to-in-2021-midday-market-update

Where politics meets logistics — Midday Market Update

How will a new president change transportation?

Project44 and FourKites are moving forward with a defamation lawsuit stemming from emails sent from a FourKites-linked IP address. Project44 is seeking $80,000 and legal fees.

Fresh off a cyberattack, changes could be coming to Forward Air; a group of investors is looking to take an activist role in the company to “enhance shareholder value.”

Andrew Cox says allowing the investors to take a bigger stake could be a good move, as Forward Air has been...

https://www.freightwaves.com/news/where-politics-meets-logistics-midday-market-update

Forecasting sales and spending — Put That Coffee Down

PTCD asset

How does marketing mesh with sales forecasting?

Put That Coffee Down is sponsored by SalesForce

Freight forecasting is more of a learned art than a definitive science, and determining how sales will go is difficult. 

Blythe Brumleve says she found this out this year with her launch of Freight School Playbook, her tips for infallible marketing; she was not sure if her expectations were realistic. 

Kevin Hill and Brumleve talk about how supporting forecasts with efforts in marketing is super...

https://www.freightwaves.com/news/forecasting-sales-and-spending-put-that-coffee-down

Driving the autonomous vehicle market in 2021 — Midday Market Update

How will AV makers fair in the new year?

Kevin Hill and Michael Vincent break down todays market conditions.

Headlines

Central Freight Lines is the latest transportation company to suffer a cyberattack, with hackers knocking its operating system and call center offline last week. 

Forward Air was also hit by a ransomware attack last week and a new disclosure to the SEC reveals it may cost Forward Air some revenue. The company says it is back up and operating but is still actively responding to the...

https://s29755.pcdn.co/news/driving-the-autonomous-vehicle-market-in-2021-midday-market-update

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.