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One of the biggest questions surrounding transportation is how spot rates will affect next year’s contracts, as rates averaged 20% to 30% higher than 2019 over the past three months.
Tender rejection rates — the rate at which carriers reject electronically tendered load requests from shippers — have been a strong leading indicator in the past on what happens to contracted rates in the future. There are some (2020 buzzword alert)...
Periods of torrential rainfall have drenched parts of the Plains and the lower Mississippi Valley over the past day or two, with some areas receiving 5 inches or more of rainfall.
Like boxcars on a train, additional rounds of excessive rainfall will hit many of the same areas into Thursday, keeping the likelihood of at least minor supply chain delays in the picture.
The National Weather Service (NWS)...
If the COVID-19 pandemic has taught us anything, it is not to rely too heavily on the patterns and connections that helped us understand the world around us prior to the outbreak. While some connections remain intact – like tighter capacity leads to higher rates – there are many whose relationships have become disconnected. Key ones include some of the macroeconomic measures and the trucking industry. The big question moving forward for surface transportation...