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50% More Freight Volume than 2019 and Hurricane Laura Update

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 […]

Truck Market Update 8.18.2020

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 […]

Truck Market Update August 10, 2020

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 […]

Truck Market Analysis: Q2 2018

The main factors affecting the truck market in the second quarter are the Road Check, ELD Mandate, produce season and driver shortages. Additionally, rising fuel prices and the increasing load-to-truck ratio will have a heavy impact on the market in the summer months of 2018. Nationwide Road Check June 5th-7th The Commercial Vehicle Safety Alliance’s […]

Truck Market Analysis: Q1 2018

There are a multitude of factors contributing to the tight truck market that we will cover in this article: ELD Mandate, Consumer Confidence/Spot Market, Driver Shortage, Visa Enforcement and Weather. Electronic Logging Devices (ELDs) The Federal Motor Carrier Safety Administration (FMCSA), a branch of the US Department of Transportation (DOT), has mandated the installation of […]