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. […]
50% More Freight Than 2019 Holds Steady Freight volumes are holding steady since last week, with approximately 50% more freight on the road than this time last year. This steady surge in truckloads stems from consumers changing their spending habits, with more at-home-meals/home improvements/etc; an influx of shipments arriving to the ports that were […]
Another record week in terms of freight volume being tendered. The United States now has 50.45% more tendered loads than this time last year. This is 20% higher than the March restock peak. Last week it looked as though tender rejections had peaked, but unfortunately, that was not the case. At 24.35% of loads being […]
Daily Load Volumes Increase Steadily 2-3%/Week Daily tender volumes continue to rise. They have risen another 14% in the past month and are increasing steadily at 2-3% each week, mostly due to manufactures repositioning their facilities to accommodate new demand. Correspondingly, the outbound tender rejection is still seeing an overall upward trend at 22.67% of loads […]
NATIONAL FREIGHT VOLUME: 31% Above 2018-2019 The freight market is still amid a shake-up. Tender rejections were higher last week in 87% of the 135 freight markets we monitor compared to last week as volumes maintained their strength, carriers rejected more freight, and spot rates found renewed momentum. Due to the data we have access […]
MegaCorp Logistics has been named one of Inc. magazine’s Best Workplaces 2020 MegaCorp Logistics has been named one of Inc. magazine’s Best Workplaces for 2020. MegaCorp Logistics is one of the highest-scoring businesses, with standout employee engagement. Hitting newsstands May 12 in the May/June 2020 issue, and as part of a prominent Inc.com feature, […]
MegaCorp Logistics Ranks #35 in the Nation for Freight Brokerage Companies. MegaCorp Logistics, headquartered in Wilmington, NC, with offices throughout the country, was named as a Top 35 Freight Brokerage Firm in the US by Transport Topics. The publication is the highly-regarded news leader in freight transportation and has been for the last 80 years. […]
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