Freight Market Update May 28, 2021

Freight Volumes and Costs at Historical Highs, Again As COVID restrictions lift across the United States, freight volumes are holding strong at near-record levels. With the drastic shift from service-based, consumer spend to product-based demand and spend during COVID, some analysts predicted that freight volumes and costs would decrease when America opened-up. However, we saw […]

Freight Market Update April 30, 2021

Vehicle Safety Check – Mother’s Day – Produce Season The Commercial Vehicle Safety Alliance’s Road Check, AKA DOT Blitz Week, is Tuesday, May 4 through Thursday, May 6. The focus will be on drivers’ hours of service and lighting on trucks. This does not affect MegaCorp’s vetted carrier partners, due to our in-depth screening process […]

Freight Market Update

Volatile Market As We Approach Produce Season As America reopens, outbound tender volumes remain extremely elevated. Freight volumes across the US are 24% higher than this time last year during the pre-lockdown, panic buying surge (shown in orange on the top graph) and 54% higher than 2019 volumes (in green). With an abundance of freight being […]

Freight Market Update

Current Market and March Projections Freight volumes decreased for the first part of February but have drastically climbed over the past week as the industry plays catch up due to the widespread winter storms last week. Freight volumes are now 55% higher than this time last year.  Even at the lowest volume point in February, […]

Freight Market Update

Current Market and February Projections 2020 brought the highest shipping volumes, tender rejections, and rates that the industry has ever seen. These records were not just barely broken, they were shattered. During the second half of 2020, there was well over 50% more freight on the road than there was in 2019. The influx in […]

Decrease In Tenders Rise In Rejections

Holiday Freight Market Update December 22 Freight volumes dropped 3% from last week and will continue to decrease over the next week because most of the holiday freight has made its way through the supply chain. Volumes will remain low through the end of 2020, but are still approximately 50% above 2019. Even with this […]

Decrease in Overall Volume With Rate Increases

With truckloads declining slightly, why the nationwide increase in rates? Truckload volumes currently sit at the lowest they’ve been since August 17 (not including the temporary, post-holiday dips), shown in blue in the chart above. However, using the word “lowest” is a bit misleading considering that there is 50% more freight on the road when […]

Displaced Capacity

Freight Market Update December 8, 2020 Tender volumes have rebounded to the pre-Thanksgiving, “new normal” levels. The shipping trends are mirroring that of 2018 and 2019, but 60% more volume than 2019 (in green) as shown in the chart above. Expanding the chart gives us a great indication of what to expect in the remaining […]

New Records Set, Again

Freight Market Update December 1, 2020 Thanksgiving week has come and gone, but it left its mark in the history books with record freight volumes and rejections. The record was set at 17,079 on the Outbound Tender Volume Index, well above the 16,231 record which was set the previous week. Even though we currently find […]

Record Thanksgiving Week

Freight Market Update As expected, this week is one for the record books. For the first time in history, the outbound tender volume crossed the 16,000 mark on the index, and the days with the greatest volume are still to come. This is a whopping 63% more freight than this time last year. The record […]