Weekly Freight Roundup: Prepping for The Year of the Pig

In the first full week of the new year, volumes across the country are gaining traction, with national volume up 69% since the start of the year. It typically takes a week for volume to come back into the network after the holidays, and it picks up steam well into January.

It should come as no surprise that Los Angeles and Ontario, California are also driving the uptick in volume. They lead the nation with daily increases over the past week — often reaching up to 18% — resulting in a surge of over 87% since the beginning of the year. When we zoom out and look at the nation’s head hauls (the markets that are typically seen as desirable locations to position equipment), the Los Angeles market is highlighted as one of the strongest this week.

The rising freight volume this time of year is typical as we approach Chinese New Year.

Also known as Lunar New Year or Spring Festival, the Year of the Pig will officially start on February 5, 2019. Factories, carriers, and ports across China will close for up to three weeks. While the public holiday is officially one week long, many factories will shutter operations a week before and after to give workers a chance to travel home and then back again. This means there will be higher freight volume entering the ports (mostly on the West Coast) now through the first week of February before drying up.

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Convoy Team
Convoy is the nation's leading digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, P&G, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.