A major cause of inflation may have peaked; that’s good news for consumers but bad news for trucking companies 

A truck rolls down the highway. (Photo: Jim Allen/FreightWaves)

Note these sobering statistics:

  • Truckload spot rates have fallen by nearly one-third since the start of the year, while truckload contract rates have risen. 
  • The spread between truckload spot and contract rates are near an all-time high. 
  • Spot rates always lead contract rates, usually by about three months. 
  • Shippers (firms that buy trucking capacity from trucking companies) buy most of their capacity in the truckload contract market, which means they have not seen a reduction in freight rates...

https://www.freightwaves.com/news/a-major-cause-of-inflation-may-have-peaked-thats-good-news-for-consumers-but-bad-news-for-trucking-companies

FourKites introduces purchase order shipment tracking

Meijer retail store

Future product suggestions are a staple at FourKites’ annual Visibility conference. In 2019, a proposal to track shipments based on a purchase order was made. One year later, that solution has become a reality.

FourKites, working with retailer Meijer, introduced a multimodal purchase order (PO) lifecycle tracking solution. It was formally unveiled Thursday ahead of FourKites’ Visibility 2020 conference, which was held virtually for the first time.

“In today’s environment of information...

https://s29755.pcdn.co/news/fourkites-works-with-meijer-to-introduce-purchase-order-shipment-tracking

Commentary: Uber Freight shows importance of people in logistics

Uber Freight tractor-trailer

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

The recent announcement of massive layoffs and the closure of 45 offices at Uber Technologies – and in particular, its CEO’s stated commitment to re-evaluating non-core, cash-burning businesses like Uber Freight – set the logistics world abuzz.

However, I would argue that it’s not in the way contributor Ryan Schreiber described. As he makes the case for Uber as an...

https://s29755.pcdn.co/news/commentary:-uber-freight-shows-importance-of-people-in-logistics

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