Trucking rates

Milton makes landfall on freight market

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

National outbound tender rejection rates (OTRI), the rate at which carriers turn down requests from their customer for truckload capacity, jumped from 5.13% to 5.62% from Oct. 8 to Oct. 9 as Hurricane Milton closed in on Florida’s west coast. This was the largest single-day jump of the past two years. What are the takeaways for transportation providers and managers in the wake of the third major transportation...

https://www.freightwaves.com/news/milton-makes-landfall-on-freight-market

Intermodal gains share, but at what cost?

Chart of the Week: Total outbound loaded rail container volume, Intermodal spot rates – USA SONAR: ORAILL.USA, INTRM.USA

Intermodal demand is only 2% off the peak COVID-era value that it hit in late 2020, but spot rates are 42% lower than where they were at that point. Have the railroads solved all their problems?

Loaded intermodal — both domestic and international — container volumes are up 10% over 2023, but spot rates are down about 8%. This seems contradictory.

Demand typically correlates well...

https://www.freightwaves.com/news/intermodal-gains-share-but-at-what-cost

Fuel costs show why transportation market is so challenging for providers

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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https://www.freightwaves.com/news/fuel-costs-show-why-transportation-market-is-so-challenging-for-providers

Trucking authority correction accelerates

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

As economy motors along, trucking prepares to downshift

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To underscore the fragile state of trucking, FreightWaves CEO Craig Fuller pointed to a development...

https://www.freightwaves.com/news/as-economy-motors-along-trucking-prepares-to-downshift

McLeod Software integrates FreightWaves TRAC truckload spot rates with PowerBroker, LoadMaster

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Birmingham, Alabama-based transportation management system provider McLeod Software recently...

https://www.freightwaves.com/news/mcleod-software-integrates-freightwaves-trac-truckload-spot-rates-with-powerbroker-loadmaster

Trucking caught in crossfire of Fed’s war on inflation

Chart of the Week: Fed Funds Rate, Outbound Tender Volume Index – USA SONAR: FEDFUND.USA, OTVI.USA

The Fed raised interest rates another 75 basis points (0.75%) on Wednesday, which will more than likely support the continuing decline in trucking demand that started in early March. The national Outbound Tender Volume Index (OTVI), which measures requests from shippers for truckload capacity, has an inverse correlation with the federal funds rate — as one goes up, the other comes down. Truckload...

https://www.freightwaves.com/news/trucking-caught-in-crossfire-of-feds-war-on-inflation

Small Fleet & Owner-Operator Summit to address key industry issues

The free Small Fleet & Owner-Operator Summit kicks off in less than 48 hours (9 a.m. EDT on Wednesday, June 15). 

So far, 2022 is turning into a nightmare for many in the trucking industry. Freight volume is down, while costs for fuel, insurance, etc. are significantly higher. 

Regardless of the freight environment, truck drivers are the backbone of the industry – the people who deliver more than 85% of the goods consumed by the nation. Small fleet owners and owner-operators wear a number of...

https://www.freightwaves.com/news/small-fleet-owner-operator-summitto-address-key-industry-issues

Heavily contracted carriers having a better year than 2021 — so far

Contract load volumes and rates are outperforming last year’s levels

Chart of the Week: Contract Load Acceptance Volume, Contract Base Rate per Mile Initial Report, Dry Van – USA,  SONAR: CLAVV.USA, VCRPM1.USA

Carriers that move mostly contracted freight (not the spot market) may be having a better year this year than through the first five months of 2021. According to FreightWaves’ proprietary contract rate per mile index, long-term rates for standard van freight have increased roughly 18% since...

https://www.freightwaves.com/news/heavily-contracted-carriers-having-a-better-year-than-2021-so-far

FOSC chat: Truckstop.com’s Hutto talks data and transparency

Truckstop.com booth at FreightWaves' Future of Supply Chain

This fireside chat recap is from Day 1 of FreightWaves’ The Future of Supply Chain live event being held in Rogers, Arkansas. For more information and content from the event, click here.

FIRESIDE CHAT TOPIC: Data, brokers and freight transparency.

DETAILS: FreightWaves founder and CEO Craig Fuller welcomed Brent Hutto of Truckstop.com on the stage to discuss how the freight brokerage model has changed over the years, why participants are clamoring for data, and how companies like FreightWaves and...

https://www.freightwaves.com/news/fosc-chat-truckstopcoms-hutto-talks-data-and-transparency

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