Shipper

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How a 3PL managed one of the worst hurricane seasons

In a normal hurricane season, there would be about 13 named storms in the Atlantic Ocean from June through November. Around five of those might become hurricanes. But 2017 was no normal hurricane season. Three hurricanes made landfall in the U.S. in less than a month: Hurricanes Harvey, Irma, and Maria. Irma damaged part of Puerto Rico, and Maria made landfall on the island 10 days later. As many as two-thirds of the houses on… Read More

June freight could set the tone for rest of year

It's no secret that truckload rates aren't where they were a year ago. We don't expect prices to reach the same levels we saw in 2018, but we've been predicting a second quarter rebound for quite some time now. Read More

3 truck-finding hacks for freight brokers

You may not have a problem getting carriers to cover a load, but every freight broker occasionally hits the wall with those hard-to-book shipments. Maybe the shipper requires a less common trailer type, or maybe the load is going into or coming out of a less desirable location. If you've posted a load onto the DAT load board and carriers haven't responded, try these 3 truck-finding… Read More

Freight Forecast: Is the worst yet to come?

It’s natural to prefer predictability over surprise in many parts of your life, but as the axiom says, “change is inevitable.” That is especially true in the factors affecting the transportation industry, whether it’s the daily truckload rate from St. Louis to Chicago or the global supply and demand for oil or the interest rates for U.S. dollar-denominated debt. Last year was a year of extraordinary change. The… Read More

May ends quietly for reefers, but peak season awaits

Although van freight got a nice boost last week because of the shortened Memorial Day week, the news was a little less exciting for reefer carriers. Refrigerated food and beverages were already delivered in advance of the long weekend, and the month-end close is a big deal for vans, but not for reefers, at least not on the spot market. Scheduled… Read More

Freight Forecast: More boom less gloom

Are we really on the brink of a freight recession? I've seen countless gloom-and-doom forecasts and analyses from some very smart people, but I'm not buying it. I look at the data, and I see a continuing pattern of growth in freight volumes, both in the spot market and in the U.S. truckload segment overall.… Read More

What are Trucking Freight Futures?

Trucking is undergoing a transformation, as new technologies, e-commerce, ELDs, and economic growth reshape the supply chain landscape and add volatility to the mix. That volatility exposes motor carriers, freight brokerages, 3PLs, and shippers to more risk. That's where the first-ever Trucking Freight Futures exchange comes in. Read More

New ELD deadline: Will it trigger a capacity crisis?

Freight markets were upended by the capacity crunch that followed the electronic logging device (ELD) mandate in December 2017. The next phase of the mandate begins in December 2019, and it may end up being just as disruptive. The new milestone expands the regulation in two dramatic ways: 1. No more AOBRDs The ELD requirement becomes more stringent in December. Fleets will no longer be allowed to… Read More

Carriers score record-high profits and record-low bankruptcies in 2018

The annual reports have all rolled in from publicly traded transportation companies, and it's obvious that 2018 was a record-setting year in many ways. Trucking companies of all sizes enjoyed unparalleled financial success in 2018, with the largest increases in total revenues and operating profits. Freight rates rose faster and higher than ever before — or at least since deregulation in the 1980s — as demand grew and ELDs… Read More

Winter storms bring rapid changes to freight markets

Last week's Arctic weather stalled freight movement in and out of key markets in the Midwest. But the storm passed in just a couple of days, so it didn't have a big impact on national rate trends for the week as a whole. To understand the recent storm, and get ready for the next one, it's important to look at rate and volume trends day by day, for a single market. Take Chicago, for example. It's a major freight hub for trucking and… Read More