Industry insights | Convoy

Category: Industry insights

Three Data Points For Better Conversations About the Trucker Shortage

Hiring at trucking firms slowed in May according to payroll data released by the Bureau of Labor Statistics this morning. After a disappointing April, when private sector job gains were weighed down by supply chain constraints and a surprisingly tight labor market, truck transportation industry employment fell by 1,900 jobs (seasonally adjusted) in May. Trucking…

Convoy Launches Inaugural Freight Insights Report

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? 5 common questions answered.

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…

Case study: Lowering TONU costs with supply chain analytics

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…

Case study: When demand surges past supply chain forecasts

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…

Marketplace Update with Kevin Rutherford – Part 2: Supply

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…