Trucking Industry Trends

New data shows more signs of softening truckload markets
New data shows more signs of softening truckload markets

The freight market in the past year has been marked by exceptionally tight capacity caused by imbalanced carrier networks, which pushed an historically high number of shipments over to the spot market. That placed a great deal of pressure on contract rates, but there are signs that the pressure is releasing.

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Top 10 freight markets of 2020
Top 10 freight markets of 2020

The complications COVID-19 created for supply chains could be felt across all aspects of life in 2020, whether you were in the freight industry or shopping for groceries in a store with bare shelves. The public at large became much more aware of the types of problems that trucking and logistics professionals have been solving for decades.

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RFP season arrives amid uncertainty
RFP season arrives amid uncertainty

Uncertainty abounds as we begin to look forward to the New Year. As we have seen in 2020, freight patterns and rate levels can shift suddenly, so it pays to have a strong awareness of factors that can affect the marketplace when bidding on future freight.

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