business

Reefer gaining ground in select markets, dry van rates improving overall

Last week looked more like a June produce peak than the first week in November for reefers. The national average rate per mile was way up, and volumes surged 7 percent nationwide. More on hot reefer and dry van markets.

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Van freight ‘unseasonably strong,’ reefer holding — rates haven’t followed up with volumes

The past couple of years have seen the Fall freight season dwindle in intensity, but it's lasted through December and January due to e-commerce. In this weekly spot market update, intel on just what markets are benefiting dry vans and reefers.

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Convoy tech-enabled brokerage inks deal with Unilever to handle ‘millions’ in freight in 2017

The Convoy deal with shipper Unilever is victory for a young brokerage operating in something of a nontraditional way, enabled by technology to streamline elements of the freight transaction (think "uberization of trucking") -- in an increasingly crowded market.

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Spot market demand tilting toward a stronger environment for carriers in 2017

FTR analyst and COO Jonathan Starks feels truckers' demand position in the spot market will improve well into 2017, particularly if movement toward electronic logging devices picks up. As in any improving-demand situation, rates will follow up.

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Peak season hours changes begin this week at ports

Some U.S. ports continue to monitor and adjust gate hours as peak shipping season winds down toward Christmas.

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Spot market: Mixed bag for flatbed, dry van, reefer

Surging van freight in the Southeast post-Matthew fell off as flatbed picked up there last week. Reefers were in demand in markets along the Mexican border with produce coming north.

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New online service aims to simplify driver hiring process for small fleets

Carriers that use the service can customize their own employment application and will receive a unique link to the application to post on the company’s website, in job postings or share with potential driver applicants through email or text, the company says.

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Truck freight, revenues to jump in coming decade, ATA predicts

Trucking revenues by 2027 will grow by 77.2 percent, ATA projects, from $906 billion in 2016 to $1.605 trillion in 2027.

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Analysts: Hurricane-caused I-95 closures to cost trucking big money, rates could rise

The disruptions to freight flow on Interstate 95 due to Hurricane Matthew-caused closures will cost the trucking industry millions in lost revenue and driver wages, says one analyst. However, rates could remain elevated in the region, as inbound freight climbs and truck availability remains tight in affected states.

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Rates move, slightly: Demand indicators for flat, van, reefer

Hanjin bankruptcy impacts continued to be felt in high van demand out West, while the hurricane put a short-term damper on freight volume out East late last week. Demand pictures for all three major segments available here.

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