Freight Market Update – October 20, 2020 As we predicted earlier this month, there is a slight, temporary decline in overall tenders compared to the last couple of weeks. This trend should continue into next week, then the holiday increase will pick up right after Halloween and continue to rise through mid-December. Even with the […]
Temporary Plateau There is no change from last week with freight volumes holding steady overall with 45%-50% more freight tendered weekly, compared to this time last year. Is this where the freight market will stay? Unfortunately, it will probably get a bit worse before any sustainable relief occurs. As shown within the top chart (according […]
The Peak Is Here To Stay Freight volumes are holding steady overall, with approximately 45%-50% more freight on the road, weekly, than this time last year. This steady influx of truckloads isn’t going anywhere anytime soon, especially with the approaching holidays. The increased volume has certainly elevated the tender rejection rate. For the past two […]
This freight market is here to stay for the remainder of the year. We are currently six months after the panic-buying surge from early spring. Back then, it appeared to be the peak of COVID-related buying/shipping trends, when freight volumes plummeted in May as most of the country was experiencing “stay at home” orders. It […]
This week there is a good news/bad news situation for the freight market. The good news is that tender volumes are decreasing and tender rejections are coming down slightly. However, the bad news is that this means about one in four loads are still being rejected by carriers to seek even higher paying loads and/or […]
Freight volumes have returned to the new “normal” after the temporary decrease in volume last week, which was expected after Labor Day weekend. The United States has almost 50% more freight on the road than this time last year. Tender rejections are still happening at an alarming rate of 25.63%. This means that over one […]
Freight volumes temporarily decrease this week, as expected for the days following a holiday. The image to the right shows the dip in freight volume after a holiday occurs. It becomes clear where Memorial Day, 4th of July, Labor Day, Thanksgiving, and Christmas fall every year and it is evident that the dips are only temporary. […]
MegaCorp Logistics
Corporate Headquarters
1011 Ashes Drive
Wilmington, NC 28405
Toll Free: 910-332-0825
© MegaCorp Logistics