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Industry Insights

The Road Ahead: The Industry Speaks on Smart Trailer Utilization

November 21, 2019 – 2:00 pm Eastern / 11:00 am Pacific
Smart trailer technology opens a new realm of opportunity within the freight industry, with the ability to provide actionable, real-time data, tracking and monitoring capabilities that enable companies to analyze performance and make timely improvements. However, for carriers to fully benefit from the technology, they need to be able to prove ROI and cost-savings.

In an industry survey recently conducted by FreightWaves and Spireon to gauge industry progress around trailer technology adoption, we gathered interesting insights about the value of the technology and what companies still need to do to utilize it to its full potential.

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10 Workouts For Perfect HEALTHY DRIVER

To make it easier for all of truck drivers we have designes the one IG that will explain them how in 10 simple easy steps they can maintain their fitness at highest level and ensure that their health is in great condition. Print this IG and take it with you in the truck and do it daily.

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Port of Long Beach will study automation’s impact on city Chris Dupin

The Long Beach City Council has directed the city’s harbor department to conduct a study on the economic impact of port automation on the city.

The council voted 8-0 to order the study at its Aug. 20 meeting. It’s the latest in a series of studies and legislation proposals having to do with automation in the wake of a failed effort by the International Longshore and Warehouse Union (ILWU) to prevent APM Terminals from installing robotic equipment at its terminal at Pier 400 in the neighboring Port of Los Angeles.

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Over-capacity and the freight recession of 2019 (with video) ( Article by FreightWaves Kevin Hill)

A new FreightWaves Intel Group whitepaper reports that 2018 was a tale of two markets. The first half was characterized as, not one of, the best bull market many in the industry had witnessed since deregulation in the early 1980s. Trucking and logistics executives thought a new normal was emerging as trucking capacity trailed far behind a surge in load volumes.

This euphoria did not last long, however. The perfect storm of dual hurricanes, electronic logging device mandates, and an economic boost created by corporate tax cuts, created an increase in load volumes and a constraint on capacity that lasted less than a year. In a five-month span from June to October 2018, tender rejection rates (OTRI.USA) halved from a high of 25.6 percent to 12.8 percent in early October. Tender rejection rates continued to fall following the holiday season and were under 6 percent at the end of June 2019.

While there is not a universally accepted definition for a freight recession, FreightWaves believes any definition should include some combination of multi-quarter consecutive drops in tender load volumes, tender rejections, spot rates and market sentiment.


Source: FreightWaves SONAR, Q3 2019 Carrier Outlook Survey
Based on the declines described in the table above, it is clear that the first half of 2019 the freight market has been in a freight recession. Carrier Outlook: Over-capacity and the Freight Recession of 2019 is now available to FreightWaves SONAR subscribers on the SONAR platform. The research goes into detail about the freight recession and what is ahead.

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Higher freight rates expected in 2019-20

Rail freight rates for moving western Canadian grain to market will be going up in the 2019-20 crop year. | File photo

In a determination dated April 30, the Canadian Transportation Agency announced that the Volume-Related Composite Price Index (VRCPI) will be increasing at Canadian National Railway and Canadian Pacific Railway beginning Aug. 1.

The VRCPI is used to determine how much Canada’s major railway companies can charge for moving grain on federally regulated railway routes under the maximum revenue entitlement program.

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J.B. Hunt launches new drop trailer program 360box

J.B. Hunt launches new drop trailer program 360box
John Paul Hampstead, Associate Editor John Paul Hampstead, Associate Editor  3 hours ago

J.B. Hunt (NASDAQ: JBHT) announced the launch of a drop trailer program called J.B. Hunt 360box that will give small carriers using the app access to drop and hook freight. This summer, 500 trailers will be made available for shippers to reserve, and carriers can bid on moving those trailers through J.B. Hunt’s carrier app.

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