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 […]
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 […]
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 […]
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 […]
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 […]
Domestic Truckload Freight – Market Update The demand for truck capacity still remains well above anything the industry has ever seen. To put it into perspective, there were 62% more tenders last week than there were during the same time frame last year. This volume is astronomical, even for the holiday season. The Outbound Tender […]
Tender Rejections and Volumes Increase The time of year we have talked about for months is now upon us. Buckle up because this holiday season is going to be one for the record books. We know consumer spend has drastically shifted this year due to the pandemic, thus adding more freight to the market than […]
November 3, 2020 Freight Market Update Freight volumes are holding steady at near-record highs, as they have been since mid-August (aside from the temporary decrease after Labor Day). This level will sustain through mid-December. Even the traditional, temporary dip in volume after Thanksgiving will be less noticeable this year as shippers indicate that they are […]
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 […]
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