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Tag: demand
Business
Typical spot market dog days of summer a bummer no more — for now, at least
After the big fall with COVID-19 lockdowns early this year, average spot rates closed last week at highest points in nearly two years -- more weekly data here.
August 20, 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
A third of small fleets shut down as COVID-19 guts freight market
Survey shows coronavirus cutbacks have "totally shut down" one-third of small fleets. Discover how COVID-19 continues to impact owner-operators on Overdrive.
April 28, 2020
Voices
POLL: What have COVID-19-related lockdowns nationwide done to your business?
How are the lockdowns of communities and plenty business around the nation impacting your trucking operation, positively or negatively and/or if at all? Weigh in here.
March 26, 2020
Business
Coronavirus supply-chain disruptions lead into uncertain March, alongside small demand improvements last week
Spot truckload rates for the week of Feb. 24-Mar. 1 were in line with seasonal expectations, but could the coronavirus lead to an uncertain March? Details here.
March 5, 2020
Business
Small spot market improvements occurring at typical seasonal rates low point
Seasonally, we’re in the month that is usually the low point for spot rates during the year. The national average van rate in February is the lowest since May 2019, when it was also $1.79 a mile. However, the line-haul average rate (minus a calculated average surcharge) at that time was $1.47, 4 cents lower than where we are now.
February 27, 2020
Business
Spot rates bottoming out?
Weekly declines in freight rates for the week ending in Feb. 16 were small, indicating demand is increasing and rates may be bottoming out. More here.
February 20, 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
Spot freight in the last week: Rates dip, but flatbed demand shows off-season promise
After a relatively strong start to the month, spot van and reefer rates slipped below December averages during the week ending Jan. 19. There was, however, better news for flatbed haulers as rates crept higher on the strength of new oil and gas projects.
January 23, 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
Business
Spot freight rates up to start September
The spot truckload freight market’s relatively strong finish in August continued into September as rates moved higher last week; van load-to-truck ratios remained strong nationally over the previous week, and East Coast reefer lanes benefited from boosted activity in the wake of weather threats/reality.
September 12, 2019
Business
Rates sunk lower last week, but improved demand could bode well for this week
Van freight volumes have been stable for nearly all of 2019 but so has capacity. Rates have drifted lower, also for reefers, but if seasonal trends hold, they should pick up again in late September and October as contract carriers enter their busy season and soak up some of that excess capacity.
August 22, 2019
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