Tag Archive for: trucking company

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 […]

Freight Volumes and Tender Rejections Remain Extreme

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 […]

MegaDecade Celebration

We recently celebrated our 10th Anniversary – a MegaDecade! Our Founders, Denise and Ryan Legg, launched MegaCorp in 2009 with the vision of a company that felt like family; a company that gave back to the employees and did not treat them like just a number. We are happy to report that culture still rings […]

MegaCorp Ranked #25 On Entrepreneur Magazine’s 360 List

MegaCorp Logistics has been ranked number 25 (up from 56 in 2017) on the fourth 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. “We are extremely honored to be named […]

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 […]