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; […]
Reefer tender rejection rates out of Little Rock, Arkansas have been elevated as high as 45% over the past week due in large part to poultry transportation. While poultry harvest rates are fairly stable year-round, the beginning of May marks the start of retail poultry sales. Of the 29,200 retail outlets used for USDA reporting, […]
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 […]
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Thanks to all who attended FreightWaves’ April Monthly webinar sponsored by Convoy. Below, we summarize the webinar and add insights from Convoy. Overall, demand is sluggish, but no crashes are imminent. On the carrier side, stability is holding throughout the country. (1) Tariffs: the U.S. and China are expected to sign a trade agreement toward […]
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 […]
While the calendar says it’s technically spring, winter weather caused some freight frustration this week – and will continue to do so throughout the weekend. A heavy snowstorm and high wind advisory is expected to hit the Donner Pass in California through the end of the week. All operating motor vehicles will be required to […]
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 […]
Spring continues to thaw the national freight network, as volumes have slowly increased with the addition of some produce, a small uptick in port activity, and few flatbed loads in the Southeast. However, with all the new trucks purchased in 2018 – 490,100 units, according to ACT Research – payments need to be made, and […]