Posts

Sustained Strength

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 […]

Gearing Up For The Holidays

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 […]

Slight “Relief” Before The Holiday Freight Surge

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 […]

Holding Steady Before Another Increase

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 […]

Freight Market Update

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 […]

The “New Normal”

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 […]

Freight Volumes Slightly Decrease, Rates Remain High

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 […]

Fright Volumes Temporarily Decrease, Tender Rejections Remain Elevated

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 Ranked #56 On Entrepreneur Magazine’s “Top Entrepreneurial Companies in America” List

  MegaCorp Ranked #56 On Entrepreneur Magazine’s 360 List MegaCorp Logistics has been ranked number 56 on the third annual Entrepreneur 360 list which names the “Best Entrepreneurial Companies in America.” The list comprises 360 companies, in a variety of industries, that have implemented visionary initiatives impacting their communities for the better. Honorees were chosen […]

MegaCorp Named as a Top Company in NC

MegaCorp Logistics Named to 2017 Grant Thornton North Carolina 100® MegaCorp has been named to the 2017 Grant Thornton North Carolina 100® (NC100) list, which ranks the state’s largest private companies by revenue. The complete list was released in the October issue of Business North Carolina and can be viewed at GrantThornton.com/NC100. “We are honored […]