When times get tough, here’s what’s really important
Anthony Smith and Zach Strickland made their predictions for the state of freight in the first 2021 episode of Freightonomics, and in this new episode they break down what matters most to influence those predictions.
2021 started off right where 2020 ended, with tight capacity and high rates. Consumer spending took a slight dip from November to December, but stayed strong...
https://www.freightwaves.com/news/what-matters-most-freightonomics
20 carriers listed as best fleets of 2021
Headlines
TCA and Carriers Edge released their list of best fleets to drive for in 2021, with four companies new to the list and 16 returning carriers.
The overall winners will be announced at TCA’s annual convention in Las Vegas, but the newcomers are Chief Carriers, Erb Transport, Jetco Delivery and Wilson Logistics. Notable returns include five-time awardee Garner Trucking. Grand Island Express has made the list for 10 consecutive years.
https://www.freightwaves.com/news/which-fleets-to-flock-to-in-2021-midday-market-update
How will freight markets change in the new year?
2020 was a turbulent but profitable year for freight markets, with the COVID-19 pandemic causing surging demand for goods as well as high rates across the trucking industry.
2021 brings a new year, new vaccines and a new president into the mix, all of which could impact the market in big ways.
The American holiday season is over but Asia’s Lunar New Year is around the...
https://s29755.pcdn.co/news/2021-freight-predictions-freightonomics
How will a new president change transportation?
Project44 and FourKites are moving forward with a defamation lawsuit stemming from emails sent from a FourKites-linked IP address. Project44 is seeking $80,000 and legal fees.
Fresh off a cyberattack, changes could be coming to Forward Air; a group of investors is looking to take an activist role in the company to “enhance shareholder value.”
Andrew Cox says allowing the investors to take a bigger stake could be a good move, as Forward Air has been...
https://www.freightwaves.com/news/where-politics-meets-logistics-midday-market-update
The best of Freightonomics from Anthony Smith and Zach Strickland
It was a topsy-turvy year for freight, with the COVID-19 pandemic ushering in an explosive growth in e-commerce.
The guys rank their favorite Freightonomics episodes from a year when anything went in the freight market.
How long will the bull run: Live from the FreightWaves Carrier Summit, Strickland and Smith talk about the booming freight market in the midst of the COVID-19 pandemic.
In the trenches: Hear from Smith’s cousin with...
Shippers start to take time off
Anthony Smith and Zach Strickland reveal how continued stress on supply chains could leave Christmas freight undelivered.
President-elect Joe Biden has nominated Pete Buttigieg for the head of the Transportation Department, causing some to question the nominee’s qualifications for the role.
The Port of Los Angeles is still seeing backlogs of twenty-foot equivalent units as ships remain anchored, awaiting unloading.
As the Christmas holiday approaches, freight...
https://www.freightwaves.com/news/could-freight-bottlenecks-mean-a-blue-christmas-freightonomics
Zach Strickland and Anthony Smith lay out challenges COVID-19 vaccine distribution poses to the supply chain
Headlines
Christmas tree sales are up around 10% this year, according to tree farm owner McKenzie Cook.
Drivers are making more money hauling trees, with Texas premiums hitting $500 per load and California premiums seeing a $200 increase.
The big boom in container imports is forecast to last into spring of...
https://www.freightwaves.com/news/vaccine-logistics-a-huge-hurdle-freightonomics-with-video
Michael Vincent and Zach Strickland help you understand risk mitigation through market ebbs and flows
Headlines
Nikola founder Trevor Milton sold about 3 million of his company shares following the expiration of the lockup period for early stock buyers. Milton retains 88 million shares and still is the company’s largest shareholder.
Carrier YRC Worldwide reported flat year-over-year growth in shipments, continuing a slower pace than its competitors.
Demand for warehouse space is increasing along...
https://www.freightwaves.com/news/reducing-freight-market-risk-midday-market-update-with-video
It was only a few weeks ago that FreightWaves founder and CEO Craig Fuller introduced several new SONAR features as part of the SONAR 7.0 release. One new feature was the “Ocean Shipments Report, which shows U.S. import and export shipment volumes for ocean containers seven days into the future,” Fuller stated on July 21.
On September...
In the days leading up to Hurricane Laura’s landfall, Louisianans and Texans along the Gulf Coast made their way North to escape the storm’s wrath. Despite evacuations, fleets of commercial truckers came the opposite direction to deal with Laura’s aftermath.
Hurricanes and tropical storms present big business for freight. The destruction wrought by a powerful storm spurs major retailers as well as state and Federal agencies, such as the Federal Emergency Management Agency (FEMA) to rapid...
https://s29755.pcdn.co/news/truckers-aid-in-laura-relief-despite-market-tightness