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Hurricane Ian made landfall last week with winds reaching upwards of 155 miles per hour; just 2 miles per hour shy of a category 5 hurricane. The devastation left behind in Fort Meyers and the surrounding areas will be felt for years to come. There are currently over 400k power outages along the
Hurricane Ian expected to make landfall on the West Coast of Florida Thursday morning as a category 3 with powerful winds gusts capable of reaching upwards of 120 MPH. Peak storm surges capable of reaching 5-10ft in the Fort Myers and Tampa Bay areas could lead to significant flooding. Surges coupled
We experienced a spike in rejections post Labor Day in both 2019 and 2020 until the end of the year when rejections peaked in mid-December near 15% and 28% respectively. While 2021 did see an increase in rejections up around 23% before Labor Day, rejections never made it back to those levels for
August's Weekly Market Update dives into the recession and what it means for flatbed rejections and port bookings. Keep watching (or reading) for more! According to DAT, recent flatbed equipment post levels reached an all-time high, surpassing the previous record set in late 2019. YoY flatbed load-to-truck ratios supporting this notion: down 51%
No advanced education required to see that this year’s back-to-school demand has had very little impact on seasonal truckload volumes unlike we’ve seen over the past two years. The contract market continues to take back spot market share as spot loads posted YoY fell 34% in July, and 26% MoM, while at the
Little movement in Contract Load Accepted Volumes week-over-week. Still slightly above 2020 volumes and about 1000 bps below 2021 figures. Compared to the OTVI, the shift from spot to contract-heavy freight flows remains the narrative as the OTVI is performing well below '20 and '21 figures as it SLOWLY approaches 2019 numbers. According
Contract accepted volumes from 2020 surpassed this year volumes for the first time late last week. The intersection coming at a time when spot rates have started pulling down contractual costs. According to DAT, domestic contract rates are coming in about $0.57/mile higher than spot rates. That’s a $0.07 decline from June on
Both Ontario and LA rejections drop to '19 levels as compliance increases to 98%. The significant shift in market share from the west coast to the east coast, accompanied with slowed consumer demand, may be to blame even as conditions have clearly improved out west; trans-pacific rates continue to decline as inbound TEU