[Chart of the Week] Trucking gets another shot in the arm from quarantined consumers: Consumer goods spending up 22% in January, tightening capacity back to peak levels in March
Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR: OTVI.USA, PCE.DG Just as the consumer goods boom appeared to be in decline, spending got another boost on the heels of more stimulus and spiking COVID-19 cases, posting an unexpected 12% sequential gain in January over December after the holiday spending […]
[Chart of the Week] Transportation costs keep rising as service deteriorates: Carrier trucking compliance levels drop below 75% while rates increase 6% in February
Chart of the Week: Van Contract Base Rate per Mile Initial, Van Outbound Tender Reject Index, Truckstop Average Van Spot Rate per Mile – USA SONAR: VCRPM1.USA, VOTRI.USA, TSTOPVRPM.USA Truckload carriers have continued to struggle to provide consistent coverage through the first quarter of 2021, and in return costs have increased. This relationship seems counterintuitive […]
Domestic freight management: The redistribution of imports increases risk of putting domestic networks further out of balance
Import volumes continue to climb, creating bottlenecks at some of the largest ports in the US. Domestic freight management importers are scrambling to find a more reliable point of entry by booking freight coming into less-congested areas. The Inbound Ocean Shipments Index measures freight booking activity for shipments entering the U.S. at the port level based on […]
[Chart of the Week] Spot market rates set to resume slow downward trend after wild winter: Carriers, brokers have a duty to reduce risk of financial losses
FreightWaves scientific rates are predicting a return to a slow downward trend after the impacts of the past month’s winter storms recede. The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. The overriding trend prior to these storms was that of […]
[Chart of the Week] Shippers take to the sky as ocean shipping congestion grows: Maneuvering past the bottleneck
Supply chains have fractured under the weight of recent maritime import demand, forcing shippers like Peloton (NASDAQ: PTON) to find pricier alternatives in order to not miss their window of opportunity. Judging from FreightWaves’ new Inbound Ocean TEU Volume Index (IOTI) and the recent Transportation Air Cargo Index (AIRUSD), that is not the only company choosing to fly versus […]
