Trucking Rates

The firm reported that spot truckload freight postings, for the week ending December 13, fell 15%, and trucks available on the spot market rose 13%, which it said serves as an indication that spot truckload capacity is loosening up in advance of Christmas.

YRC Worldwide, a holding company that collectively controls about 10% of the $46 billion less-than-truckload (LTL) marketplace, is trimming its quarterly losses and going back to its branding roots. It is resurrecting the venerable “Yellow” brand.

The August edition of the DAT Truckload Volume Index, which was issued this week by DAT Freight & Analytics, a subsidiary of Roper Technologies and operator of an online marketplace for spot market truckload freight, highlighted how spot market truckload rates approached all-time highs in August, with various trucking segments seeing rate and load-to-truck ratio gains.

Logistics Management Group News Editor Jeff Berman recently caught up with Avery Vise, FTR Transportation Intelligence Vice President of Trucking. They discussd various themes and trends in the trucking sector, including market conditions, rates and pricing, and the impact of COVID-19 on trucking, among others.

In a mid-quarter update of the Coyote Curve by Coyote Logistics, a subsidiary of freight transportation and logistics services bellwether UPS, provided a wide-ranging overview of the freight market conditions, from three different perspectives: a look back at the second quarter; expectations for the third quarter; and a 2020-2023 forecast.

The most recent edition of the Coyote Curve by Coyote Logistics, a subsidiary of freight transportation and logistics services bellwether UPS, indicated that truckload market conditions remain challenged, due largely to COVID-19, with the caveat that they may have bottomed out in April.

When President Trump recently spoke on Fox & Friends, he was asked about American truck drivers being “price gouged” by transportation brokers and what the White House would do to address that. His response indicated he felt that was the case, saying “Oh they are price gouged…all they want is to be treated fairly and we’re going to treat them fairly.” It is fair to say that the Alexandria, Va.-based Transportation Intermediaries Association (TIA), which is the largest...

Trucking markets roiled. Supply chains turned upside down. Worries about truck drivers’ welfare and customers just staying in business. And unemployment rates that rival those of the Great Depression. Trucking executives say the word "disruption" does not begin to describe the impact of COVID-19 on freight volumes and demand. Forget about turning a profit, they say. Let’s just concentrate on staying in business.

Spot market load volumes and rates for van and reefer equipment saw mostly significant gains, for the week of March 16-March 22, brought on by urgent orders, or restocking of retail goods, due to the ongoing coronavirus pandemic, according to data issued by Portland, Oregon-based freight marketplace platform and information provider DAT

DAT noted that February’s decreases were in line with seasonal trends, while not “necessarily attributable to factory closures during the COVID-19 coronavirus outbreak in China.” And it added that import traffic was already in decline, due to a scheduled lull for Chinese New Year, with the gap in traffic extended longer than expected, truckload demand in West Coast markets will be more likely to rebound slowly.

An overview of derivative risk hedging strategies to hedge key industry risk factors that have a material impact to a company's financial performance.

This pilot program leverages DAT’s RateView, which DAT said is the largest and most historically complete database on freight transactions in the trucking sector and provides what it called actionable short-term and long-term insights into transportation markets. RateView provides forecasts of more than $68 billion in annual freight transactions, according to DAT.

Truckload pricing, which measure linehaul rates, fell 2.5% annually in October, following declines of -2.6% and -2.0% in August and September, respectively. On the intermodal side, the Broughton report said October represented the 37th consecutive month of annual gains for intermodal transportation costs, with the caveat that the differential has been narrowing for the past 12 months (through October 2019).

Freight transportation and logistics services provider Schneider and Truckstop.com, a load board and provider of spot market freight matching services, announced this week they recently completed a pilot program that provides intuitive advanced functionality to Schneider carriers, entitled “Book it Now.”

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Echo Global Logistics. Topics covered include the state of the freight economy, Peak Season, and capacity, among others.