tender rejections

The Daily Dash: OOIDA backs HOS changes; peak season opportunity for regional carriers

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a lawsuit from the Teamsters and safety groups opposing the recent changes to hours-of-service rules will not have the support of the Owner-Operator Independent Drivers Association. Plus, regional carriers are poised to gain as FedEx and UPS shed freight volumes and what are equipment ordering cycles telling us about 2020 and beyond?

OOIDA supports HOS changes

The Owner-Operator Independent Drivers...

https://www.freightwaves.com/news/the-daily-dash-ooida-backs-hos-changes-peak-season-opportunity-for-regional-carriers

The Daily Dash: TRATON to acquire Navistar; early earnings disappoint

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Volkswagen’s truck division TRATON has formally agreed to acquire Navistar. Plus, carriers remain firmly in charge when it comes to rates and the first truckload earnings are out and they are not as good as expected.

A marriage made in truck heaven

TRATON has formally agreed to acquire U.S. truck maker Navistar, concluding a nearly yearlong saga that was first rumored years ago.

Alan Adler has the...

https://s29755.pcdn.co/news/the-daily-dash-traton-to-acquire-navistar-early-earnings-disappoint

The Daily Dash: Truckload capacity already tight as storms approach

Another massive weekly gain in outbound tender load volumes

The freight markets continue to accelerate with outbound tender volumes climbing another 7.4% week over week. This has continued to keep truckload capacity tight and it is showing in spot market rates along with a power rating of 85 out of 100 for carriers in the DHL Supply Chain Pricing Power Index. 

What are driving these freight volumes? 

Ocean volumes on the West Coast could be the answer, according to Zach Strickland’s Chart of the...

https://s29755.pcdn.co/news/the-daily-dash-truckload-capacity-already-tight-as-storms-approach

Typical July freight slump looks unlikely this year

This week’s DHL Supply Chain Pricing Power Index: 55 (Carriers)

Last week’s DHL Supply Chain Pricing Power Index: 55 (Carriers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers)

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

The Independence Day holiday had disrupted our outbound tender volume and reject indices due to their...

https://s29755.pcdn.co/news/typical-july-freight-slump-looks-unlikely-this-year

The freight-rollercoaster continues for trucking

Chart of the Week: Outbound Tender Rejection Index – USA Seasonality View SONAR: OTRI.USA

The Outbound Tender Rejection Index (OTRI) pushed above 16% for the second time in 2020 last week, after being as low as 2.5% in early May, which was the lowest value seen since the index was created in March 2018. To put it in perspective, the highest value recorded for the national index that measures the rate at which carriers reject their electronic load requests from shippers was 26.8% in March 2018...

https://s29755.pcdn.co/news/the-freight-rollercoaster-continues-for-trucking

Volumes surge, carriers break even and seek help from tech

White truck backed into dock to unload

Make no mistake – freight volumes are on the rise, but the movement of goods appears to be rooted in warehouse and inventory redistribution instead of consumer-facing activity. Rates are therefore still suppressed, and capacity remains loose. To improve their operations, carriers are accepting almost all contracted loads, optimizing hours of service and fully utilizing their telematic technology to decrease dwell times. 

While the southern California freight market has been a pivotal force in...

https://s29755.pcdn.co/news/volumes-surge-carriers-break-even-and-seek-help-from-tech

2018 was worse than 2020 for trucking

Chart of the Week: Outbound Tender Rejection Index – USA, DAT Longhaul Van Rate – National SONAR: OTRI.USA, DATVF.VNU

Anything that provides immediate, intense gratification typically comes at a high cost. The cost of the 2017-18 freight boom has lasted for nearly two years. Spot rates, which are a good measure of capacity fluctuations in the domestic trucking market, grew as fast as they ever have in 2017-18, culminating at a peak around the Fourth of July in 2018. Not only were volumes growing...

https://s29755.pcdn.co/news/2018-was-worse-than-2020-for-carriers

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