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: 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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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
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Birmingham, Alabama-based transportation management system provider McLeod Software recently...
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
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
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
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
FreightWaves’ Future of Supply Chain summit is being held this week in Northwest Arkansas, the epicenter of North American supply chains. If you aren’t able to attend, you are welcome to tune into our free live stream that will carry all of the content from the main stage. The event kicks off on Monday at 9 a.m. ET.
At the event, we will be introducing several new data products, including a new national index that is assessed and published every day (NTID.USA). This is based on the FreightWaves...
Contract truckload volumes did not take a hit in March
Chart of the Week: Vn Outbound Tender Volume Index, Truckstop.com 7-day van rate per mile – USA SONAR: VOTRI.USA, TSTOPVRPM.USA
After nearly 19 months of averaging above 20%, national rejection rates have fallen to their lowest levels since June 2020 — dry van rejection rates at 9.9% and falling as of Thursday. Spot rates have accelerated their declines over the past two weeks but have been falling for dry van and refrigerated loads since...
https://www.freightwaves.com/news/truckload-market-only-in-early-stages-of-easing