The trucking capacity crunch, driver shortage, and electronic logging device (ELD) mandate are working together to create a carrier’s market right now. In a world where carriers can be more selective about who they work with and the business they take on, shippers need to find ways to make their facilities stand out (for good […]
In September Convoy surveyed more than 650 small and mid-sized trucking companies across the country in order to collect a snapshot of the trucking industry and how it impacts shippers. Survey participants include dispatchers and owner-operators. All the results are self-reported by the participants. Survey highlights: On average, 88% of dispatchers and owner operators use […]
September/October 2018 Market Update We’ve said this before: volatility in the freight market has been unprecedented. Over the last 12 months, hurricanes, tariffs, and electronic logging device (ELD) regulations, combined with ongoing shortages have significantly impacted the freight industry. As a result, many of the traditional methods in supply chain aren’t working anymore. This year, […]
From the first DOT week with ELDs to unprecedented load-to-truck ratios in California to the start of the summer season, the past few weeks have been overwhelming for many shippers. Companies are paying more than ever to move their products and carriers are failing on loads or rejecting primary freight, leading to a very hot […]
In June 2018 Convoy surveyed over 300 small and mid-sized trucking companies across the United States to collect a snapshot of the industry. Survey participants include dispatchers and owner-operators. All the results are self-reported by the participants. Survey highlights: On average, 93% of dispatchers and owner operators use a mobile app to book loads. There […]
Produce season happens every year, starting in March in southern states like Florida and Texas, and progresses north throughout the summer as fruits and vegetables become ready for harvest. As a result, there are more loads outbound from these produce hubs, causing capacity constraints and allowing carriers to demand higher rates. Inbound loads, on the […]
Look around at the transportation landscape right now and you’ll see a lot of different forces converging to make it difficult for shippers to secure capacity quickly, and at a viable price for their volume levels. Companies of all sizes—and across all industries—are taking that careful “look” at their logistics operations. We partnered with Logistics […]
Convoy’s April/May Market Update highlights trends we’ve seen recently and expect to see this spring. The driver shortage, while nothing new to the freight industry, has become a hot topic in the news since the ELD mandate officially went live on April 1, 2018 after a 3-month grace period. But what does this actually mean […]
For both the 30 year veteran and the new owner-operator, 2017 proved to be a memorable year. The perfect storm of driver capacity crunches, hurricanes, and federal mandates created a market where truck prices surged and marketplace balance shifted. While this meant increased driver earnings across the country through the latter half of the year […]
If you’ve ever talked to experienced carriers, they talk about freight in seasons: produce season, Christmas tree season, potato and onion season, etc. Carriers understand the cyclical trends that affect freight in the United States and change their strategy to accommodate these shifts. Whether Chinese New Year is affecting L.A. imports or there are capacity […]