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Tag: capacity
Business
Rates tick up slightly after dip in truck postings, jump in reefer loads
With a dip in truck postings, too, spot rates increased for refrigerated freight. Get the latest truckload rates and market conditions here on Overdrive.
May 21, 2020
Channel 19
Study urges TxDOT to advocate for truck parking needs across its many major corridors
The multi-year research project shows truck parking issues in the state, as well as ways to address them. Learn more about TxDOT's study here on Overdrive.
May 12, 2020
Business
Spot market: Demand for vans slips, more from the last week
The current lull, with seasonal factors coming into play in addition to others, may be shorter than expected, but there’s no doubt that for now conditions on the spot market favor shippers — and demand a creative approach from truckers. Anybody planning a vacation?
January 30, 2020
Business
Up-and-down demand volatility continues on spot market with weather hampering activity
Spot truckload freight activity slowed last week as Tropical Storm Imelda brought severe rain and flooding to Houston and other nearby areas, disrupting supply chains across the South and Midwest. And: How’s $2.85 average rate for a reefer out of Denver sound? ….
September 26, 2019
Overdrive Extra
Why do drivers leave? Pay has a lot to do with it, but …
Many are quick to say it is a driver-pay problem, but that’s not all. In trucking companies’ rush to grow, they devalue the freight market, notes owner-operator Clifford Petersen, and in doing so trade their pricing power in favor of a questionable status quo where driver time itself is devalued.
September 20, 2019
Business
Volumes are high on the spot market, but rates are unmoved with an abundance of capacity
The weather is warming up and the freight is out there — in fact, van freight volumes for May are as high as they’ve ever been. But an abundance of capacity continued to keep spot truckload rates at less-than-stellar levels — and falling for vans compared to the April average — during the week ending May 19,
May 24, 2019
Business
Truck posts up, spot rates flat in the last week
But not for flatbed, which gained 6 cents per mile as a national average rate. Spot volume fell 2 percent during the week ending April 7, while a 9 percent increase in available capacity in the form of trucks posted kept van and refrigerated rates from moving.
April 11, 2019
Business
Trucks flooded the spot market last week returning from holidays — rates fell 4-6 cents/mile nationally
Holidays are over, it’s certain. The large majority of the trucking world is back to work. The number of trucks posted on the spot truckload freight market increased 77 percent last week, well ahead of the 9 percent gain in available loads.
January 17, 2019
Channel 19
Parking issues to be aired in Southern Nevada next week
Heads-up all of you out west — specifically, anyone with expertise on lanes in the Southern half of Nevada, where a truck parking roundtable in Las Vegas with state and Federal Highway Administration officials and reps from the Nevada DOT is slated for a week from today.
November 8, 2018
Business
Profits at large public fleets continue to swell
The strong numbers stem from a booming freight economy that has tested industry capacity and spurred big rate hikes, with carriers posting revenue increases for the first nine months as high as a billion dollars and profit growth as much as $100 million.
November 6, 2018
Business
Freight boom, ELDs created ‘most disruptive time seen in trucking’
The FTR Conference covered trucking and the combination of economic growth, ELDs and hurricanes forcing record-tight truck capacity and historically high rates.
September 18, 2018
Business
Rates ‘high and headed higher’ with truck capacity holding tight
The rate gains are being driven by a simple supply and demand imbalance, with the number of loads well outpacing available trucks. Details on Overdrive.
June 19, 2018
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