A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
In the latest episode of "The Freight Caviar Podcast", we sit down with Danny Frisco, CEO & Co-Founder at Rapido Solutions Group. He discusses the advantages and disadvantages of outsourcing and Rapido's future growth plans.
Plus, an EV maker partners with Ryder to test a hybrid diesel system, HappyRobot releases an AI update for brokers, and load board traffic declines over the past 3 months.
As we try to paint a clearer picture of the current freight market and its future direction, it's helpful to seek out conversations among industry experts.
Professionals are eyeing the imbalance between the high number of tractors battling for a lower volume of freight. While tractor counts remain elevated, signaling a surplus in carrying capacity, market watchers are debating the accuracy and timeliness of these figures, sourced from FMCSA data, which is updated monthly but only required biennially.
Amidst this, Morgan Stanley's TLQURE model forecasts an increase in spot rates to $1.88 in 6 months and $2.28 in 12 months. Founder and President of linehaul.ai labels the rate predictions as "aggressive," hinting at a market on the brink of change.
The logistics community agrees on one point: the need for an equilibrium shift. This could come from a market shakeout, reducing the surplus capacity, or an economic upswing to boost freight demand.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
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