rates

Rates shot up again in December in record-tight market

In addition to posting multi-year highs (again), rates in all three major truckload segments saw gains of about 40 cents a mile compared to December 2016.

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Spot market records broken again for first week of the year

With on-highway anecdotes of $5-plus/mile rates not hard to come by, the weekly spot market demand report gets a little closer to revealing ELDs' rates impact in van, reefer. The first week of the new year "has broken all the records we set when we ended the old year," says DAT's Matt Sullivan.

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Don’t leave money on the table

We are in a freight market owner-operator Gary Buchs believes to be "totally unpredictable" at this point, he says. "Weather, plus demand" generally, "is driving" such unpredictability, much of it on the plus side for rate pressure for owner-operators, "through the roof." 

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Van rates, flatbed demand close 2017 strong on spot market

"Something of a perfect storm" closed out the last full week of 2017 for van rates. Winter weather, extended vacations over the holidays, end-of-year freight urgency all boosted van rates/demand. Flatbed demand indicators -- load-to-truck ratio, primarily -- were strong, but rates hadn't moved.

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Business outlook trending pessimistic in the new year for owner-operators

And ... a few late Christmas wishes from a variety of owner-operators on Overdrive's Facebook page, with their rigs dressed up for the holiday last week. . .

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The Year of the ELD: Top trucking trends from 2017 as ELD mandate descended

Coverage of the mandate and its myriad of twists and turns throughout dominated the news cycle in 2017. It also dominated Overdrive’s usual in-depth coverage of the industry. However, a few other key trends emerged too, including regulatory repeals by the Trump Administration, booming rates and the rise of the electric truck. More here...

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Spot market extremely tight, favoring truckers, ahead of Christmas week

A lot of truckers took time off last week ahead of Christmas, which meant there were already fewer trucks on the road. It was also the first week under the electronic logging device mandate, and the combination of the upcoming holiday and new regulations pushed the national load-to-truck ratio for vans up higher than it’s ever been – 10.1 loads per truck.

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Spot market update: Closer-to-normal trends on offer in the last week, though the ELD mandate could change that

Dry van volumes were pretty similar last week to the week before. Rates started to settle down a little after peaks post-Thanksgiving, and the surge in volumes that sent prices skyward on the West Coast is mostly in the rearview – all normal stuff for this time of year. Then the ELD mandate happened. ...

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Brave new trucking world: Talking ELD angst, adjustment with Gary Buchs; plus Wes Memphis’ latest

Owner-operator Gary Buchs: Trucking "didn't die" on December 18. "It just changed, and with every change there’s opportunity." This Overdrive Radio edition runs through what the Landstar-leased owner-operator feels could be effective owner-operator strategy in the weeks and months ahead.

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Thin the herd without churning the masses

"Driver shortage" explored, again: "There are finally a few brilliant folks out in “mainstream news” land who have begun peeling away skin on the “obvious onion” in trucking and started mentioning the fact that being paid has a lot to do with wanting to stick with a job."

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