Josh Hannaberry CTSP’s Post

LTL carriers are handling more than their typical share of retail freight as they confront stagnant industrial demand, several executives said in Q2 earnings calls. Old Dominion Freight Line, Saia Inc. and TForce Freight are all eager for an industrial demand rebound for the same reason.  #trucking #truckingindustry #freight #supplychain #transportation #logistics #Q22024

TRADE ALERT- A deep dive into data from Motive GEP Worldwide and FreightWaves SONAR looking at the freight recession. Data shows green shoots. commentary from Darcy MacClaren Paul Brashier Noah Hoffman, CSCP #trucking #containers #freight #freightrecession #businesnews #logistics #logisticsmanagement

Carriers are beginning to signal improving market trends, and that may mean higher costs in the future for supply chain managers to move freight. Read Larry Avila's 2024 freight rate outlook Deep Dive, featuring insights from Valley Companies' Jason Mansur, C.H. Robinson's Ronnie Davis, DAT Freight & Analytics' Ken Adamo and Iowa State University's Jonathan Phares, PhD. #supplychain #trucking #freight #rates #shippers #brokerage

The trucking industry is rebounding after a long freight recession following the Covid boom in transportation rates and services, according to logistics executives. Motive's data, which monitors trucking visits to North American distribution centers for the top five retailers, shows a 30% increase in volume year-over-year in June. #TruckingIndustry #Logistics #FreightRebound #Transportation #MotiveData

LTL transport carriers such as Saia, Old Dominion and TForce Freight are hauling more retail freight than normal as industrial demand stagnates. Many global supply chain managers ordered holiday season goods early this year - which is likely translating into an early peak season for trucking companies. https://lnkd.in/gM2z7k6B #ltl #freight #shipping #peakseason #retailnews #supplychainmanager #globalsupplychains

The freight market is still suffering with higher rates of 3rd party logistics companies across the country continuing to have to sell off fleet assets and close shop. The question continues to remain of "when will the market finally be stable again?" with answers still seeming to be no where in sight. "2024 should be a steady year" states VP & GM of freight brokerage and transportation management at Ryder System Inc, Kendra Phillips. “Right now is our year to take a step back, take a deep breath and position ourselves appropriately in the market.” Read more about the current market state below: https://lnkd.in/gybmEfxb

Less-than-truckload carriers Old Dominion Freight Line, TForce Freight and Saia Inc. are eager for a rebound in manufacturing demand as they handle more retail freight than their typical share. This impacts the revenue profile of retail freight as the carriers are paid by weight. #trucking #supplychain #retail

📰 Reduction in trucking capacity coupled with an increase in orders has logistics executives saying that the long freight recession is finally ending and rates will increase in the back end of the third quarter. The only scary thing is that whatever CBNC or any other mainstream media says business-wise, we mostly see quite the opposite 😁 I hope I'm wrong on this! #TruckingIndustry #Trucking #Transportation #SupplyChain #Drayage #Containerized #Containers #SeaFreight #OceanFreight #Container #Market

Are you negotiating transportation rates at the moment? If so, this is an interesting article to read that covers the state of parcel, LTL and FTL rates for 2024. It's interesting to see how much impact is still felt from Yellow's collapse, without which we would most likely be looking at more substantial rate reductions. Cheers, #transportation #logistics #supplychain #freight

LTL carriers haul more retail freight as industrial demand lags. LTL carriers are handling more than their typical share of retail #freight as they confront stagnant industrial demand, several executives said in Q2 earnings calls. Old Dominion Freight Line, Saia and TForce Freight are all eager for an industrial demand rebound for the same reason. LTL carriers closely monitor changes in freight mix for what it might mean for their businesses. Some of the oldest and most successful carriers have historically adapted alongside demand as necessary while maintaining pricing discipline. Old Dominion Freight Line CFO Adam Satterfield pointed out the trend of “a little bit stronger retail-related #performance in the second quarter. At TForce Freight, growing the share of industrial freight is a priority as it works to improve its average weight per #shipment, its parent company’s CEO said. Saia’s freight mix could be optimized, Holzgrefe said, but the increase in its proportion of retail freight “doesn’t erode in any way our longer-term value proposition” amid its $1 billion #network expansion. #XPO, which is also significantly growing its network, saw relatively stable industrial demand picking up a bit from May, CEO Mario Harik said on a Q2 earnings call. “Retail sales came in better,” he said. “In terms of mix, it’s largely unchanged between the industrial side and the #retail side,” Harik added. “We’re still same proportions. But where we are seeing faster growth is in the local channel.”