Spot rate

Bad vibes in the market for new Class 8 rigs

Bad vibes in the market for new Class 8 rigs

For fleets looking to purchase new equipment, concern over tariffs and an ongoing lack of extra cash continue to complicate their plans. Recent data from ACT Research’s March For-Hire Trucking Index showed fleet purchasing intentions at 35% compared to a historical average of 56% for February.

The report notes: “Tariff uncertainty, which has thrown a wrench into business planning, is likely one factor dampening future equipment purchases, but three...

https://www.freightwaves.com/news/bad-vibes-in-the-market-for-new-class-8-rigs

Maximizar las tasas puntuales mientras aprovecha la carga directa del remitente

El mercado de flete es volátil, y las tasas spot fluctúan diariamente, a veces en tiempo real, lo que hace que sea difícil para los transportistas asegurar cargas consistentes y rentables. Muchas flotas pequeñas y operadores de propietarios recurren a tableros de carga y corredores para encontrar...

https://fullavantenews.com/maximizar-las-tasas-puntuales-mientras-aprovecha-la-carga-directa-del-remitente/?lang=es

Maximizing Spot Rates While Leveraging Direct Shipper Freight

The freight market is volatile, and spot rates fluctuate daily, sometimes in real time, making it challenging for carriers to secure consistent, profitable loads. Many small fleets and owner-operators turn to load boards and brokers to find freight, but relying solely on the spot market is rarely a winning long-term strategy. Many fleets struggle to turn serious profits on spot-rate freight because the model often favors shippers and brokers over carriers.

So, how can trucking companies secure...

https://www.freightwaves.com/news/maximizing-spot-rates-while-leveraging-direct-shipper-freight

Loaded and Rolling: Trucking turnover and retention debate rages on

Trucking turnover and retention debate rages on

(Photo: Jim Allen/FreightWaves)

FreightWaves’ Rachel Premack wrote an article on Wednesday outlining her experience attending a truck driver training conference in Corpus Christi, Texas, by the National Association of Publicly-Funded Truck Driving Schools (NAPFTDS). Premack sought to get more information on a fundamental disagreement in trucking that involves driver turnover and whether there is an ongoing driver shortage. Lobbying groups like the...

https://www.freightwaves.com/news/loaded-and-rolling-trucking-turnover-and-retention-debate-rages-on

Latest GRI Moves Trigger An Upward Surge In Spot Rates

Credits: Venti views/Unsplash

Spot rates for containerized ocean freight have climbed across three leading Far East export corridors after the latest round of General Rate Increases (GRIs) from carriers, says an article from Xeneta.

Fighting For Control

The news, revealed by Oslo’s Xeneta, provides welcome relief for a segment that has been “up against the ropes” for much of 2023, fighting against declining demand and volumes, married to escalating overcapacity and continuing economic uncertainty....

https://mfame.guru/latest-gri-moves-trigger-upward-surge-in-spot-rates/

Ocean Carriers Plan To Cut Their Sailings From Asia Amid Weak Demand

Credit: Andy Li/ unsplash
  • Ocean carriers are preparing to blank around half their advertised sailings from Asia.
  • It is against a background of extremely weak demand forecasts.
  • Sailings will be shifted from Asia to North Europe and the US after Chinese New Year on 22 January.

High inventory levels in Europe and the US, coupled with uncertainty surrounding future consumer demand, has seen orders canceled or postponed, resulting in Chinese factories preparing to shut down well ahead of the CNY...

https://mfame.guru/ocean-carriers-plan-to-cut-their-sailings-from-asia-amid-weak-demand/

Transatlantic Rates Maintain Status Quo Amidst Tumbling Chinese Export Rates

Credit: frank mckenna/ unsplash

Navigating the container spot rate market has become a minefield for shipper procurement managers under pressure from bosses to get the best deal in the market.

Asia-Europe Trade Lane

On the Asia-North Europe trade lane, the published spot indices all agree rates are falling by double-digit values week on week, but there is a considerable difference in the readings. For example, Drewry’s WCI North Europe component fell 14% this week, to $1,686 per 40ft. 

Meanwhile...

https://mfame.guru/transatlantic-rates-maintain-status-quo-amidst-tumbling-chinese-export-rates/