OTRI
Loaded and Rolling: Freight upcycle may come early, says Morgan Stanley
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Freight upcycle may come early, says Morgan Stanley
The freight...
Loaded and Rolling: 70% of annual RFP lanes procured not materializing
70% of annual RFP lanes procured not materializing
FreightWaves on Tuesday interviewed Angela Acocella, postdoctoral researcher at Tilburg University and researcher with the MIT Center of Transportation and Logistics looking at the impact of ghost lanes on shipper and carrier networks. A ghost lane can be characterized as a lane that is awarded in a strategic bid or RFP but failed to materialize and no loads are tendered. During the...
Loaded and Rolling: Small fleets and owner-operators gain market share
Small fleets and owner-operators gain market share
In an article published Tuesday, FreightWaves CEO and founder Craig Fuller made a case that the trucking industry is not consolidating anytime soon. The prevailing wisdom following the Motor Carrier Act of 1980 was that there would be rapid consolidation as previously highly regulated unionized trucking companies, operating under the older regulations from the Interstate Commerce Commission (ICC), went bankrupt and...
Flatbed keeps riding post-pandemic wave
Chart of the Week: Outbound Tender Reject Index for dry van, refrigerated, and flatbed – USA SONAR: VOTRI.USA, ROTRI.USA, FOTRI.USA
Flatbed capacity continues to be challenging to source over a year after the truckload market collapsed for dry van and refrigerated freight. Tender rejection rates, the percentage of loads carriers are unable to cover for their customers, have moved below 3% for van (VOTRI) and refrigerated or reefer (ROTRI) loads while flatbed rejection rates jumped back over 17%...
https://www.freightwaves.com/news/flatbed-keeps-riding-post-pandemic-wave
Truckload capacity flips from unsustainably tight to unsustainably loose
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Chart of the Week: National Outbound Tender Reject Index – USA SONAR: OTRI.USA
For the first time...
Current market a hindrance for carriers and brokers alike
To say the least, the last few years for the transportation industry have been turbulent.
Motor carriers enjoyed elevated demand from mid-2020 through spring ’22, an environment that provided plenty of freight for them to move and stronger rates as consumers spent their stimulus dollars.
But a drop-off in demand came on quite suddenly during the second half of last year. As a result, rates dropped and tender volume rejections sank to near 2019 “bloodbath” lows, where they continue to hover, as...
https://www.freightwaves.com/news/current-market-a-hindrance-for-carriers-and-brokers-alike
State of Freight for February: Excess capacity still a damper on rates
With little indication of a freight market turnaround showing up in any data set, two FreightWaves executives who also wear the hat of market experts faced a question during their most recent State of Freight webinar.
“What should a small carrier do to survive?” FreightWaves CEO Craig Fuller and SONAR market expert Zach Strickland were asked Tuesday during the monthly webinar.
Their answer and their discussion of four other topics are below.
Staying alive“The smallest carriers are the most...
No disaster relief for spot rates
Chart of the Week: National Trucking Index, Outbound Tender Reject Index – USA SONAR: NTI.USA, OTRI.USA
National truckload spot rates increased a marginal 1.5% over the past week, according to the National Truckload Index (NTI), as the first hurricane to make landfall in the U.S. this year hit the southwest coast of Florida. Similarly, national tender rejection rates seemed unaffected, indicating transportation managers have little to fear in terms of capacity availability on a national level.
Na...
https://www.freightwaves.com/news/no-disaster-relief-for-spot-rates