Spot Market

Spot truckload rates benefitted from Thanksgiving coming later in November this year, coupled with typically hectic end of month activity, for the week of November 24 through December 1, according to data issued this week by Portland, Oregon-based DAT, a freight marketplace platform and information provider and a subsidiary of Roper Technologies.

Data recently issued by Portland, Oregon-based freight marketplace platform and information provider DAT, a subsidiary of Roper Technologies, for the month of October, in its DAT Truckload Volume Index, pointed to the highest number of spot market loads in any month going back to January 2015.

A new offering released today by Seattle-based digital freight broker Convoy offers motor carriers access to ten times the amount of spot freight from the biggest shippers in the United States. Entitled direct-from-shipper loads, Convoy said this offering removes the need for shippers to work with multiple brokers and subsequently provide each carrier with a small fraction of their spot loads that is typically at 10% or less.

The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index for September, at 117.6 (2015=100), headed up 0.2% on the heels of a 4% (upwardly revised from 3.2%) August decline, which came in at 117.3. The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment and the metric ATA says fleets should benchmark their levels with, came in at 114.8 (2015=100), which was off 7.5% compared to August’s 124.

Regardless of whether a market participant ever uses binding forward and/or trucking freight futures, it will need to stay current on the pricing trends in both the trucking forward and freight futures markets as spot market rates in their lanes will be affected by both. This new section was designed to help logistics professionals stay ahead of these new realities.

Following what it called an urgency on behalf of shippers to move freight prior to the end of the third quarter, data recently issued by DAT, a subsidiary of Roper Technologies, in its DAT showed a more quiet beginning to the fourth quarter for spot market activity.

This 5th article in the "A-Z of Trucking Freight Futures" series explains the process of determining what hedging strategies to execute on, which contracts to use, along with position sizing and trade execution.

If a market participant is interested in using trucking freight futures for hedging or profiting, they should understand a few things about pricing before they start taking positions in the trucking freight futures market.

Trucking freight rates are expected to see gains heading into the peak holiday months, according to the most recent edition of the Coyote Curve, which was issued late last month by Chicago-based transportation management services provider Coyote Logistics, a subsidiary of freight transportation and logistics services bellwether UPS.

In anticipation of the launching of “Trucking Financial Markets 360°", Logistics Management, together with Lakefront Futures’ Trucking & Derivatives Group, will be publishing a series of articles over the next five weeks on the “A-Z” of trucking freight futures. This debut article provides an overview of the paradigm shift occurring in the trucking market and the increasing trucking rate volatility impacting trucking carriers, shippers, & 3PLs.

July spot truckload freight volumes and rates saw gains from June to July, according to the most recent edition of the DAT Truckload Freight Volume Index, by Portland, Oregon-based freight marketplace platform and information provider DAT

May spot truckload freight volumes fell far short of typical seasonal trends, according to the most recent edition of the DAT Truckload Freight Volume Index.

Logistics Management Group News Editor Jeff Berman recently caught up with Bobby Harris, founder and CEO of Tampa, Fla.-based non asset-based 3PL BlueGrace Logistics about various topics within the freight transportation and logistics markets, including capacity, rates, and digital freight matching, among other topics. A transcript follows below.

本周发布的数据位于俄勒冈波特兰freight marketplace platform and information provider DAT, a subsidiary of Roper Technologies, continued the ongoing themes of strong volumes and healthy capacity levels for spot market truckload freight, according to the DAT Truckload Volume Index.

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Echo Global Logistics. Topics covered include the state the of the freight economy, regulations, and the digital freight marketplace, among others.