Industry insights Archives | Convoy

This week Convoy hosted a webinar looking back at the key market forces driving the freight industry in 2019, and explored how unresolved questions from the past year might shape the market going into 2020. There remain substantial uncertainties about the economic outlook for the coming year. To some degree, there always are. But for […]

Nationally, there were minimal changes in shipping volume and tender rejection rates. In the South, produce season has started to pick up, and we’re seeing elevated reefer tender rejection rates in both Jacksonville, Florida and Savannah, Georgia. Reefer tender rejection rates are up all along the eastern United States, including Columbia, South Carolina; Chattanooga, Tennessee; […]

With the Vidalia onion harvest officially underway, over 200 million pounds of the bulb vegetable will start moving from now through August. This is a major indicator that produce season has arrived in southern Georgia, and it’s continuing to move northward. Specialized equipment, such as flatbed trailers, will begin to relocate from neighboring markets while […]

Capacity continues to be abundant across the nation. National tender rejection rates hit a 12-month low on Tuesday, April 9 — reaching 4.85%. However, on Wednesday, April 10, tender rejection rates jumped 13.2% — the largest single-day increase of the year so far — to 5.5%. It’s possible that tender rejection rates have hit a […]

Last week, we entered the expected beginning-of-the-quarter lull. Volumes fell by nearly 4% this week but remain above February levels. Tender rejections also fell this week as primary freight continues to be accepted by carriers. Compared to this time last year, the market is up 3.4%. But making freight market comparisons to the same week […]

Thanks to all who attended FreightWaves’ March Monthly webinar sponsored by Convoy. Below, we summarize the webinar for the demand and supply sides of the freight market, and add insights from Convoy too. Demand – Manufacturing Dragging the Economy Overall, manufacturing has slowed, with ISM manufacturing dropping to its lowest levels in the past two […]