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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 […]
Spring is less than a week away, and that means a shift in the freight market as well. Produce is about to be the big story around the U.S. We saw early signs of the season last week, and we saw markets in the South Central and Southeast continue to show signs of ramping for […]
Compared to last week, freight volume decreased about 2.5% across the country. Tender rejection rates have remained stable (hanging around 7%). The upcoming lettuce harvest in the Southeast indicates the first sign of spring. Harvest appears to have begun in some parts of Florida, and reefer prices from southern and central Florida have increased. On […]
After a frozen February, the freight market is thawing. Volume spiked this week across the country, reaching levels not seen since the pre-holiday rush. Most of this volume was driven by the West Coast ports coming back online after the Lunar New Year pause — but green shoots are appearing across the market. The West […]