Industry insights Archives | Convoy

What is “drop-and-hook” freight? “Drop-and-hook” is the trucking industry’s term for when a driver drops a full container at a facility and hooks their tractor to a pre-loaded trailer at the same facility. This grab and go efficiency makes drop-and-hook a win-win: reducing transportation costs for shippers, increasing potential earnings for carriers, and saving time […]

Part 1 of our case study showed how Convoy’s digital freight network provided flexible capacity for a customer when demand surged past supply chain forecasts. In part 2, we’ll explore how supply chain analytics uncovered hidden TONU (truck ordered, not used) costs, providing this customer with savings opportunities. Supply chain analytics with a digital freight […]

Business planners put a great deal of effort into demand forecasting for their supply chains. Demand forecasting seeks to predict consumer demand to inform supply chain and business operations. The more accurate the demand forecast, the more efficiently a supply chain operates.  Even in typical business cycles, consumer demand is notoriously difficult to predict. 2020 […]

On Friday, July 10th, Convoy joined Kevin on his webinar series, Positive Matters, to discuss the current economy in regards to supply, demand, and truckload rates. In Part two of the webinar series, Kevin Rutherford and Aaron Terrazas, Convoy’s director of economic research, talked about how driver entries and exits are shaping the market, and […]

Supply chain visibility gives shippers awareness of how their goods move through a supply chain. This includes tracking each shipment’s location and the facilities it passes through. It also encompasses the aggregation of data that can surface trends and anomalies, and painting the bigger picture of a supply chain’s performance.  The combination of micro and […]

For many U.S. households and businesses, April forced us to think hard about what’s truly “essential”. Factory output and retail sales data reported this morning by the Federal Reserve Board and Census Bureau provide a quantitative window onto those priorities.  It comes as no surprise that April was a brutal month for the U.S. economy […]

It has been two months since President Trump declared the national state of emergency. As states begin to reopen, questions linger around what recovery means for the freight industry. In Convoy’s mid-year market outlook for 2020, we share our latest analysis on freight rates and supply chain trends, covering the following questions: How will reopening […]

A version of this analysis originally appeared in trucks.com. During previous recessions and regional downturns, trucking recruited workers laid off from other industries. That built freight supply just at the moment when aggregate demand was typically soft. Consider what happened during two recent downturns.[1] From the start of the Great Recession in December 2007 to […]

The freight industry is undergoing unprecedented change. Market volatility is forcing transportation teams to adapt more quickly. Rising customer expectations are putting more pressure on supply chain efficiency. And as many businesses increase their focus on environmental impact, logistics teams are being tasked with contributing to the triple bottom line.  Whether your goal is adaptability, […]