Posts

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 […]

MegaCorp Logistics Named to Food Logistics’ 2019 Top 3PL & Cold Storage Providers List

Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named MegaCorp Logistics to its 2019 Top 3PL & Cold Storage Providers list. The Top 3PL & Cold Storage Providers list serves as a resource guide of third-party logistics and cold storage providers whose products […]

MegaCorp Logistics Named to 2018 NC Mid-Market Fast 40 List

MegaCorp Logistics has been named to Business North Carolina magazine’s 2018 N.C. Mid-Market Fast 40 List, which ranks mid-size companies based on revenue and employment growth. We were ranked 3rd, and the complete list will be released in a supplement to the November issue of Business North Carolina. “We are thrilled to be named to […]

MegaCorp Logistics Named to 2018 Grant Thornton North Carolina 100®

MegaCorp Logistics has been named to the 2018 Grant Thornton North Carolina 100® (NC100), which ranks the state’s largest private companies by revenue. “We are thrilled to be named to the 2018 Grant Thornton North Carolina 100® list and recognized as a top-performing private company in our state,” said Ryan Legg, CEO. “This lists reaffirms […]

MegaCorp Logistics Named to Food Logistics’ 2018 Top 3PL & Cold Storage Providers List

Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named MegaCorp Logistics to its 2018 Top 3PL & Cold Storage Providers list. The Top 3PL & Cold Storage Providers list serves as a resource guide of third-party logistics and cold storage providers whose products […]