trucking volumes

Will the import boom lead trucking to an active ‘off’ season?

Chart of the Week:  US Customs Maritime Import Shipments, Outbound Tender Volume Index – USA SONAR: CSTM.USA, OTVI.USA

Imports and truckload tenders have been moving in near lockstep since mid-May as the U.S. crawls out of the pandemic-induced recession. With elevated import volumes forecast to continue into 2021, this could mean trucking may have a stronger opening quarter even after the traditional holiday peak season ends. 

Prior to COVID-19, the connection between imports and domestic...

https://s29755.pcdn.co/news/will-the-import-boom-lead-trucking-to-an-active-off-season

Long-haul freight boom leads to pre-peak capacity crunch

Chart of the Week:  Outbound Average Length of Haul, Outbound Tender Volume Index – USA SONAR: OALOHA.USA, OTVI.USA

The average length of haul for requested load tenders has increased 6% or roughly 20 miles since the same period last year. This may not seem like a big deal at first, but with accepted volumes being over 20% higher than this time last year, those miles have a multiplier on them — putting a deeper strain on capacity than the tender volumes alone suggest.

The average length of haul...

https://s29755.pcdn.co/news/long-haul-freight-boom-leads-to-pre-peak-capacity-crunch

Ocean volumes lead domestic freight charge

Chart of the Week:  Outbound Tender Volume Index – Los Angeles, Customs Import Shipments – Los Angeles SONAR: OTVI.LAX, CSTM.LAX

Anyone who regularly consumes FreightWaves information knows there is a strong connection between import volumes and the domestic freight market. This year, total custom shipments were 17% higher in early August versus the same period in 2019 — mostly driven by imports into Los Angeles — and trucking tender volumes out of LA are 73% higher year-over-year (y/y).

In...

https://s29755.pcdn.co/news/ocean-volumes-lead-domestic-freight-charge

Shipping volatility causes major disruption to carrier networks

Chart of the Week: Trucks-in-Market,Outbound Tender Volume Index, Outbound Tender Rejection Index – LAX SONAR: TRUK.LAX, OTVI.LAX, OTRI.LAX

It may seem obvious, but as this week’s chart illustrates, there is a clear relationship between fluctuating truckload volumes and the chance for declining carrier compliance rates. Inconsistent volumes can be one of the biggest drivers of increasing spot rates, and the COVID-19 pandemic has exaggerated its impact on trucking networks. 

The Trucks-in-Market...

https://s29755.pcdn.co/news/shipping-volatility-causes-major-disruption-to-carrier-networks

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

How to balance a shipper’s network to weather any storm

truck traveling down highway

The logistics industry is built on adaptability and primed for chaos. The market rises and falls alongside economic shifts, natural disasters, trade disruptions and regular seasonality. Nevertheless, every corner of the industry has felt some level of pandemic-fueled whiplash over the last two months.

When the coronavirus pandemic started spreading across the U.S. in March, state governments issued lockdowns. People stayed home to protect themselves and their families. Toilet paper and Tylenol...

https://www.freightwaves.com/news/how-to-balance-a-shippers-network-to-weather-any-storm

Are freight volumes here to stay? The great debate continues

Chart of the Week: Outbound Tender Volume Index– USA SONAR: OTVI.USA

After experiencing one of the most volatile periods in history over the past two months, freight market volumes have recovered to February levels in the past week. February is not a great month for freight traditionally speaking but considering a month ago volumes were running 15-20% below average for this time of year, February looks fine.

One of the most debated topics in the transportation industry and the overall economy is...

https://s29755.pcdn.co/news/are-freight-volumes-here-to-stay-the-great-debate-continues

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