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 […]

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 […]

Freight Market Update September 1, 2020

  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 […]

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 […]

MegaCorp Sponsors Two PGA Tour Professionals for 2019 Season

MegaCorp Logistics renews partnership with Brian Harman as his title sponsor for 2019. Harman is 54th in the PGA Tour World Ranking.  Additionally, MegaCorp is proud to announce that it is also sponsoring up-and-coming PGA Tour professional, Wes Roach.  Both Harman and Roach kick off their season in the Sony Open. “MegaCorp has first-class leadership, […]

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 […]