News

Where Has the Capacity Gone?

The market remains dynamic, with all sorts of discussions about rate increases, truck availability, and the underlying state of capacity. As one shipper said to another recently, “Find me trucks.” When asked “where?”, his response was “anywhere going anywhere.” It’s been that crazy with networks out of balance more than

Trucking Mergers Could Be Big in 2014

Merger and acquisition (M&A) activity in the global transportation and logistics industry ended on a very strong note in 2013. M&A featured a 57% increase in deal volume and more than doubled the deal value in the fourth quarter, according to PricewaterhouseCoopers (PwC). The company concluded that even more deals

Truckload rates improved in June

Although the waters are clouded by the volatile fuel price environment, it appears that the weak economy has suppressed rate increases with quarterly run rates at zero and y/y increases near 2%. The soft brokerage market has particularly softened spot market rates. However, rates rebounded in June, with year-over-year growth

Refrigerated loadings rebound 0.6% in July

Refrigerated loadings improved better than expected in July and year-over-year growth turned positive. Refrigerated volumes improved 0.6% in July to 4.248 million. Volumes in the second quarter started off with strong growth but eased some during the quarter. The strong growth has helped to improve the year-over-year comparison with the

Truck costs slow but above inflation

The first half of 2012 has seen moderation in most of the major cost categories, but this hasn’t affected our overall outlook for truck cost inflation. The market should still see costs above general inflation, but well below the more than 10% level that we had in 2011. Our costs

Refrigerated loadings drop 0.5% in June

After struggling during the second half of 2011 and into the early portion of 2012, Refrigerated loadings saw a resurgence in April but have since dropped. Refrigerated volumes fell 0.5% in June to 4.207 million. Volumes in the second quarter were revised significantly higher, with all of the gain occurring

Refrigerated rates remain relatively stable

After showing solid year-over-year gains of between 6% and 8%, pricing in the refrigerated market slowed at the end of 2011 and start of 2012. From November to January growth averaged ~4%. We expect that the weakness in rates has bottomed in the near-term and should still show solid rate