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
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).
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.
While some capacity is leaving the market, early signs point towards lower holiday demand and a continued soft market into 2023.
Overall consumer spending in Q3 2022 remains near historic highs, but other factors suggest spending is becoming unsustainable.
Better inform your freight decisions with the latest data. August saw tender rejection rates and the spot-contract pricing spread reached new lows…
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.
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.
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.
Despite the labor market’s growth in March, tremors in the freight market signal that the goods economy may have turned a corner.
Freight and logistics firms posted a strong hiring month in what is typically a seasonal low point for the industry.
January saw an unexpected surge in trucking payrolls, but what’s the underlying cause? Convoy economist Aaron Terrazas provides his take.
December capped a remarkable year for the U.S. labor market and transportation payroll gains, but the Omicron variant looms.
Seasonal adjustment methods are likely overstating holiday-related seasonal hiring as the industry preps for anticipated end-of-year demand.
Convoy’s latest research reveals that the most immediate opportunity to reduce CO2 emissions in trucking is to focus on empty miles over EV.
Over the past year, the primary constraint to trucking capacity growth has see-sawed between labor and equipment availability.
Read our Southern California Freight Insights Report to learn about driver shortages, tender rejection rates, dwell times, and more.
Trucking industry hiring conditions continued to gradually improve in September – the worst labor constraints may be in the rear view mirror.
Convoy identifies the impact of natural disasters on the freight market and the competing demand and supply responses.
Trucking industry jobs are probably back at pre-pandemic levels, despite what today’s Jobs Report suggests.