Convoy’s CTO Dorothy Li explores a logistics use case for AI capabilities in predictive inventory and the impact it is having on manufacturing writ large.
Category: Freight Research
Freight Market Update: 2023 begins as a soft but more “normal” market
A market tightening is likely coming at some point in Q2. That tightening may come quicker if consumer demand remains elevated and diesel costs rise due to unexpected external events (forcing capacity out of the market).
Freight Market Update: A mixed happy and humbug holiday season
Expect the gap between contracted rates and spot to narrow in early 2023 as shippers reset contracts. Balancing cost and service necessary for weathering any 2023 volatility becomes critical. Best-in-class shippers are contracting static volumes and exploring more elastic solutions for volatile or lower-volume lanes.
Freight Market Update: A holiday humbug begins taking shape early in Q4
While some capacity is leaving the market, early signs point towards lower holiday demand and a continued soft market into 2023.
Freight Market Update: Slowing demand and falling capacity
Overall consumer spending in Q3 2022 remains near historic highs, but other factors suggest spending is becoming unsustainable.
Freight Market Update: The summer of spending winds down
Better inform your freight decisions with the latest data. August saw tender rejection rates and the spot-contract pricing spread reached new lows…
April Jobs Report
Trucking industry employment rebounded sharply from an unexpected dip in March, increasing by 13,000 workers (seasonally adjusted), the largest monthly increase since April 2013 following upward revisions to February and March data.
Stop Wasting Your Time Putting Volatile Freight in RFPs
Clinging to traditional patterns and practices of contract freight is a liability in the world of volatile supply chains. Fortune 500 shippers are leaning into these new approaches. You can, too.
Risk and Uncertainty in Trucking’s ‘Age of Turbulence’
Convoy economist Aaron Terrazas shares his framework for how logistics professionals can manage freight volatility through the seemingly endless parade of economic and geopolitical shocks.
April’s Fools
Despite the labor market’s growth in March, tremors in the freight market signal that the goods economy may have turned a corner.
Freight Hiring Resilient in February Despite Wall Street Wobbles
Freight and logistics firms posted a strong hiring month in what is typically a seasonal low point for the industry.
Look Beyond the January Data to Make Sense of the Surge in Trucking Payrolls
January saw an unexpected surge in trucking payrolls, but what’s the underlying cause? Convoy economist Aaron Terrazas provides his take.
December to Remember, but January to Forget
December capped a remarkable year for the U.S. labor market and transportation payroll gains, but the Omicron variant looms.
So much for Mo-vember
Seasonal adjustment methods are likely overstating holiday-related seasonal hiring as the industry preps for anticipated end-of-year demand.
35% of the time that truck next to you on the highway is empty – that’s a really big deal for the environment
Convoy’s latest research reveals that the most immediate opportunity to reduce CO2 emissions in trucking is to focus on empty miles over EV.
Trucking is Past Peak Hiring Constraint
Over the past year, the primary constraint to trucking capacity growth has see-sawed between labor and equipment availability.
Ship in Southern California? Our new Freight Insights Report is for you
Read our Southern California Freight Insights Report to learn about driver shortages, tender rejection rates, dwell times, and more.
Trucking Hiring Slows, Package Delivery Jobs Surge as Economy Approaches Full Employment
Trucking industry hiring conditions continued to gradually improve in September – the worst labor constraints may be in the rear view mirror.
Dodging Disasters
Convoy identifies the impact of natural disasters on the freight market and the competing demand and supply responses.
Data Deep Dive: Trucking Employment is Probably Back at Pre-Crisis Levels
Trucking industry jobs are probably back at pre-pandemic levels, despite what today’s Jobs Report suggests.