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In its latest Freight Forecast, ACT Research maintained its view that truckload and intermodal rates will fall this year due to overcapacity and weak freight demand.
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First-quarter 2019 GDP grew at 3.2%, and the latest guess about the second quarter is 1.7%. That latter number is a disappointment for sure, but it is not a negative, says longtime trucking economic analyst Noel Perry. But what about freight?
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EKA Solutions has launched MPlace, allowing larger shippers, brokers and carriers to create private freight marketplaces using features of its cloud-based Omni-TMS platform.
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We’re nearly halfway through 2019, so HDT Editor in Chief Deborah Lockridge asked HDT’s Editorial Advisory Board what current trends and issues are most on their minds.
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With spot truckload freight volumes failing to meet expectations in May, DAT Solutions is looking to June to see if volumes from May were simply delayed.
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Enterprise shippers only chose the lowest spot market freight bid 25% of the time, showing a preference for a carrier with high quality service instead of always opting for the lowest rate, according to PostBidShip.
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Load availability on the spot market has been trending downward since August 2018, as capacity loosened and trucks became more available.
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The spot market has not enjoyed the usual boost provided by holiday shipping so far in December, with spot market rates falling for all three major trailer types.
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Spot market freight volume and rates fell for most equipment types last month, but holiday shipping is expected to give it a boost.
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Uber Freight claims it’s “setting a new standard” for freight rate transparency with its new Lane Explorer tool.
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