Freight Rates

Global container shipping faces overcapacity, driving rates to unsustainable lows and prompting cost-cutting measures.

While the historic cold snap is causing multiple issues across the U.S., freight rates have remained relatively stable says data from DAT.

UPS joined FedEx in announcing it will extend demand surcharges to packages effective Jan. 14.

Given where spot market prices are at and demand for services holding steady, slow attrition of capacity should help stave off further downward pressure on rates, says Michigan State’s Jason Miller.

An overreliance on mini-bids to keep freight costs down has become detrimental to the shipper/carrier relationship and fails to produce the expected cost savings.

Shipping bottlenecks, increased costs, and disrupted deliveries could result in shifting transportation of goods from the affected region.

As many of the worst-case scenarios in the supply chain have not panned out, many shippers are more comfortable discussing long-term contracts with carriers, says BlueGrace Logistics executive.

For July, the most recent month for which data is available, the SCI reading came in at 1.6, well below June’s 7.9.

With FedEx and UPS raising their rates, savvy shippers can still find rate value for 2024, but time may be running out.

In this infographic PITT OHIO reviews the breakdown of why appointment deliveries cost more.

TIA’s latest 3PL Market Report shows members have managed to grow business despite challenging conditions.

In this annual webcast, group editorial director Michael Levans hosts our panel of fuel, trade and logistics experts who share their insights on rate patterns in all the major transport modes in an effort to help shippers prepare their freight transportation budget for the coming year.

Shippers of all sizes should be reviewing their freight payment process. If you’re not getting routine data automatically with each paperless freight transaction, you’re doing freight payment and not freight settlement. What stage are you in?

For October, the most recent month for which data is available, the TCI came in at 7.75, its lowest reading going back to July 2020, and below September’s 11.79 and August’s 11.63.

Amid what one trucking analyst calls “an everything shortage,” shippers enter 2022 with heavy volumes of truck shipments bracing for continued higher ground freight rates. Those rates can run in the double-digit percentage increases—on top of 2021’s increases. Those increased freight rates tended to be upward of 10% for shippers whose freight did not match carriers’ needs in this sellers’ market.