Nationally, there were minimal changes in shipping volume and tender rejection rates. In the South, produce season has started to pick up, and we’re seeing elevated reefer tender rejection rates in both Jacksonville, Florida and Savannah, Georgia. Reefer tender rejection rates are up all along the eastern United States, including Columbia, South Carolina; Chattanooga, Tennessee; […]
Reefer tender rejection rates out of Little Rock, Arkansas have been elevated as high as 45% over the past week due in large part to poultry transportation. While poultry harvest rates are fairly stable year-round, the beginning of May marks the start of retail poultry sales. Of the 29,200 retail outlets used for USDA reporting, […]
With the Vidalia onion harvest officially underway, over 200 million pounds of the bulb vegetable will start moving from now through August. This is a major indicator that produce season has arrived in southern Georgia, and it’s continuing to move northward. Specialized equipment, such as flatbed trailers, will begin to relocate from neighboring markets while […]
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 […]
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 […]
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 […]
Much of the country is still reeling from the latest hammering of winter storms. From Seattle to New York, Mother Nature has caused the only source of volatility in freight markets this week. February volumes so far have outpaced both 2017 and 2018. DAT reports volume this year is higher, but rejections are much lower. […]
Punxsutawney Phil, the groundhog who predicts spring, did not see his shadow last week — which supposedly means an early spring is on the way. Regardless of the groundhog’s shadow, analysts are keeping a keen eye on spring shipping, which will kick off within the next three to six weeks. Goods needed for home improvement, […]
All eyes have been on the Midwest this week as cold weather chaos on the highways brought the freight network in the some Midwest markets to a standstill. Freezing temperatures caused tightening capacity due to traffic pile-ups, gelled fuel and general hazards of being outside in such extremes. Trucks failed to start, while others ended […]
While a series of winter storms have impacted freight from coast to coast, with highway closures surrounding some major freight markets, the soft marketplace continues to show a surplus of capacity nationwide. According to FreightWaves, national tender rejections have remained stagnant, while tender volumes have decreased 3.5%. Monday, January 17 saw the largest single day […]
After steady growth over the last few weeks, the national outbound volume index gains have started to slow. Historically, the U.S. freight market experiences a plateau heading into the end of January, as the backlog of shipments that sat during the holidays is depleted and Chinese New Year approaches. Even with the increase in shipments, […]
In the first full week of the new year, volumes across the country are gaining traction, with national volume up 69% since the start of the year. It typically takes a week for volume to come back into the network after the holidays, and it picks up steam well into January. It should come as […]
As we head into the Christmas holiday, national freight volume remains low. The market has been trending down since November, and hasn’t seen the characteristic holiday freight increase that was expected. Capacity is plentiful in most regions, with tender rejections very low. In the week before Christmas in 2017, the freight market began rejecting […]
December has left the freight community patiently waiting like a kid on Christmas morning. Volumes have been incredibly stable, even trending slightly downward compared to November. FreightWaves is reporting tender rejection rates are down to 12.71% nationally and close to year-to-date lows. The December freight market has been stable, showing little volatility or capacity constraints. […]
Fueled by e-commerce shipments, the freight market has shaken off any lull as national tender volumes have recovered to pre-Thanksgiving levels. This is having a significant impact on dry van rates and capacity nationwide and is resulting in market imbalance. DAT is reporting load posts rose 54% last week while truck posts only increased by […]
The last week in the freight market has been a whirlwind. There has been a spike in volume, a holiday dip, a capacity dip, a post-holiday hangover (volume + capacity dip) and — finally — a period of stabilization. Retail sales were strong on the official kickoff of holiday shopping season, even setting a record […]