Tag: freight: Page 3

Business

Spot-market promise amid volume declines in the last week: West Coast vans

Freight volumes rose in a handful of major markets, but the number of spot load postings fell 5% nationwide, and truck posts dipped 1%, during the week ending Oct. 22. Bright spot: Vans on the west coast.

October 23, 2019

Business

Truckload spot market volume rebounded in the last week

Wish we could say the same for truckload spot rates: While demand for vans returned to normal in Houston and other markets affected by recent flooding, rates did not respond immediately as averages through Sept. 29 show only slight improvement over August.

October 2, 2019

Business

LaneHoney market data site updating in Oct.

The LaneHoney spot market data site intended to deliver information to all market participants, including independent owner-operators, notes its updated data engine will be available in preview to existing customers until October 15.

September 30, 2019

Business

Some truckers losing big in GM strikes

Though the ongoing strikes by United Auto Workers at General Motors appear to be nearing an end, some carriers have been hit hard by the lingering work stoppage, with one reporting having laid off more than 50 drivers and losing more than $100,000 a day in revenue.

September 26, 2019

Business

Southeast, Texas flatbed volumes looking better in the last week

Together, spot flatbed trends in the Southeast and Texas suggest better times ahead for carriers on the spot market. All in all, demand slipped nationally a bit for vans and reefers, while growing for flatbed. Market to watch: Vans and reefers from the Pacific Northwest.

September 19, 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

Southeast inbound freight, volumes elsewhere, built as Dorian approached the coast

Spot rates, volumes were building as Hurricane Dorian approached the Southeast. The number of van, reefer, and flatbed loads posted from August 26 to Sept. 1 increased 7% compared to the previous week while capacity dipped 2.4% heading into Labor Day weekend. Market to watch: Washington apples.

September 4, 2019

Partners in Business

Panel talks controlling costs and other best practices for owner-operators

This GATS session of Overdrive’s Partners in Business addressed the broad topic of best practices for owner-operators. Controlling costs is perhaps the most effective strategy for success in trucking, panelists noted — not only does every saved dollar go directly to the bottom line, but many costs fall in areas owner-ops have the most control over.

September 2, 2019

Business

ATBS’ income benchmarking-data call

September 12, ATBS, the nation’s largest tax and business services firm dedicated to owner-operator businesses, is hosting a conference call and online presentation to present a variety of data toward answering the question, “Has 2019 been significantly worse for owner-operators?”

August 30, 2019

Business

Have spot rates bottomed out?

There are signs of it in data from the DAT network of load boards for the week ending Aug. 25. Spot pricing held firm, despite a 3% drop in the number of posted loads. The number of posted trucks increased 2.6% compared to the previous week.

August 29, 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

Business

New carrier admin portal from Uber Freight

Uber Freight debuted a new web-booking portal designed to help dispatchers simplify workflow, and a new app interface built to provide a more intuitive experience for carriers and drivers.

August 20, 2019