Industry insights | Convoy

As any economist will tell you, supply and demand are primary drivers of price. Freight rates are no exception. When carrier supply is low and shipper demand is high, prices rise. When supply is high and demand is low, prices fall. The logistics industry refers to these conditions as tight and soft markets. An understanding […]

Today we released the 2020 Freight Insights Report, an examination of trends in the North American freight industry throughout the historic year. Convoy’s industry-leading data science and insights teams reviewed our proprietary freight data along with the best transportation and economic data that’s publicly available to assemble this report. The 2020 Freight Insights Report marks […]

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 […]