Chart of the Week: Diesel Truck Stop Actual Price Per Gallon, National Truckload Index – USA SONAR: DTS.USA, NTI.USA
Retail diesel fuel costs (DTS) are up 33% versus April 2019, while the National Truckload Index (NTI) that measures all-in spot rates are only up 16% over the same time. The implication is that carriers are in a far worse position on the spot market than they were in 2019 as they are unable to fully pass along operating costs.
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Chart of the Week: ACT Research Equipment Orders – Class 8 SONAR: ORDERS.CL8
Class 8 truck orders remained unseasonably strong through the first few months of 2024, outperforming last February by over 20%, according to ACT Research. Freight-hauling semi trucks typically dominate this category and have been a good indicator of industry health, but like many indicators, this value’s implications have changed.
Ask transportation service providers the state of the national freight market, and they...
https://www.freightwaves.com/news/tractor-demand-no-longer-necessarily-a-gauge-for-market-health
Chart of the Week: Carrier Details Net Changes in Trucking Authorities – USA SONAR: CDNCA.USA
Since the start of November, net active truckload operating authorities have dropped by 9,000 — an approximately 12% increase over the same period last year, according to Carrier Details’ analysis of Federal Motor Carrier Safety Administration data.
The operating authorities measured here are Motor Carrier of Property authorizations. These are specific to for-hire truckload companies, which can...
https://www.freightwaves.com/news/trucking-authority-correction-accelerates
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Chart of the Week: Spot and contract rate (including fuel) – Chicago to Atlanta SONAR: Market...
Mazen Danaf, an MIT-trained staff applied scientist and economist at Uber Freight, has been tracking the evolution of trucking capacity in the United States, trying to make sense of the dogged persistence of loose capacity in a challenging, depressed rates environment.
“Almost every mile driven in the spot market could be a losing mile,” Danaf said in a call with FreightWaves. “Even for large carriers who only go into the spot market 15% of the time, it doesn’t make sense except for a backhaul...
https://www.freightwaves.com/news/uber-freight-thinks-pendulum-may-start-to-swing-soon
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Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Rejection Index – USA SONA...
https://www.freightwaves.com/news/contract-rate-decline-puts-capacity-at-risk
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Chart of the Week: National Outbound Tender Reject Index – USA SONAR: OTRI.USA
For the first time...
There wasn’t much to smile about in 2020 as uncertainty gripped supply chains, but the spot market had owner-operators grinning. For many months, the going was good. Spot rates soared above contract rates, giving smaller fleets the chance to maximize profitability on every trip.
But the tide has swiftly turned.
SONAR: NTIL.USA and VCRPM1.USA.Spot and contract rates, neck and neck for the past two years, have trended apart. The tango finally ended in late February, as FreightWaves SONAR shows...
https://www.freightwaves.com/news/stability-consistency-are-just-what-owner-operators-need
