Freight volumes are up 2.2% week-over-week signifying the additional holiday freight is making its way through the supply chain. These holiday shipments are replacing some of the additional COVID related shipments that were starting to decrease and level out. The chart above is the nationwide Outbound Tender Volume Index and has been expanded out to […]
CEO Ryan Legg Named to WilmingtonBiz Top 100 List MegaCorp’s CEO, Ryan Legg, has been named to the annual WilmingtonBiz Top 100 list for 2020. The WilmingtonBiz 100 is an annual Business Journal initiative to recognize the top 100 Power Players, Influencers, Innovators, Connectors and Rising Stars impacting Southeastern North Carolina’s business landscape. Legg was […]
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 […]
For the 5th Time, MegaCorp Logistics Appears on the Inc. 5000 List Inc. magazine has revealed that MegaCorp Logistics is on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent […]
MegaCorp Logistics has been awarded a 2020 Top Workplaces honor by The Cincinnati Enquirer for the sixth year in a row. MegaCorp Logistics has been awarded a Top Workplaces 2020 honor by The Enquirer for the sixth year in a row. The list is based solely on employee feedback gathered through a third-party survey administered […]
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