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FreightWaves Today
FreightWaves Today episodes
- 3rd Carrier Update 02/16/2023
Expected drop in port volume
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4 min - From Wrapping your truck to Cass Earnings report
Thomas Wasson - Enterprise Trucking Expert - FreightWaves
- Takeaways:
- UPS trucks might be destroyed versus sold to prevent seeing old trucks on the road with faded graphics
- Make sure to note if permanent or semi permanent wrapping for trucks, as there is a difference
- Wrapping trucks with 3M reflective surfaces is legit if you drive mostly at night, helps prevent accidents
- Wraps and graphics are made with giant printers and designed with pressure sensitive adhesives
Cass Transportation Index Report January 2023 (Cass Information Systems)
- TL:DR: Amidst a mode shift to truckload, shipment volumes fell 3.2% m/m in January. Yet in a moment of unusual stability, overall rates were eerily steady.
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11 min - 2nd Carrier Update 02/16/2023
Spot market getting close to a bottom
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4 min - The early conference season - a recap
Ryan Schreiber - Chief Growth Officer - Metafora - Austin, TX
What did you learn?- A lot of optimism about the second half.
- A lot of talk about continued investment in tech
- Seems to be the consensus that rates are close to the bottom.
- Everyone reminding everyone that the cycle is just returning to normal
What were the key themes of the conferences?
- Given it’s a bank in conference, lots of conversations about M&A. A few things that I saw
- Lots and lots and lots of strategies better looking to do add-ons over the next 6-18 months. If you’re a $2M-$15m ebitda business there are lots of prospective buyers.
- Private equity firms are being cautious about what day B deploy. Those that are early in their investment cycle or invested heavily, those that are later stage are pulling back given the current rate environment.
- Resetting expectations but Optimism nonetheless
- Impact of next gen tech - ai and autonomous (when not if)
- Driving insights to customers
- Still an appetite for M&A
Key takeaways from the events?- Conflicting views on 2023 outlook
- Resetting expectations
What are you most excited about coming out of BGSA?
- The desire to explore more newer applications of tech in theri business.
- Critical mass of tech adoption
- Tech is not about replacing people it’s about doing more with the same about of people
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10 min - 1st Carrier Update 2/16/2023
Tender data continues its stall
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4 min - Norfolk Southern train derailment examined
Rachel Premack - Editorial Director - FreightWaves - New York, NY
Mike Baudendistel - Head of Intermodal Solutions, FreightWaves - Dallas, TX
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14 min - 4th Carrier Update 02/15/2023
Lanes of the Day
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5 min - Lawsuits and Shadow Fleets - the underbelly of shipping
Sal Mercogliano - Associate Professor of History at Campbell University - Buies Creek, NC
Lauren Beagen - The Maritime Professor - Squall Strategies - Boston, MA
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12 min - New Dedicated On Demand service
- What is “dedicated on demand?”
- Where did you see a need for this and why did you build it?
- Convoy has always been a company with strong sustainability ties, how does this tie into that mission?
- Give us an example of how this works when a shipper needs trucks and when they don’t need trucks.
- How is that coordination maintained between drivers and Convoy - obviously you have to have capacity that isn’t very very far away from a shipment for a customer that needs that truck as soon as it can get it?
- Where can people go to find out more?
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10 min - 3rd Carrier Update 02/15/2023
West coast options become more expensive for imported freight
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5 min
About FreightWaves Today
From the publisher's feed
FreightWaves NOW is your daily source for the most impactful news in logistics. We break down the complex world of freight—covering trucking, rail, air, and ocean markets—to bring you actionable…
insights. Whether you are a carrier, shipper, or broker, we provide the data-driven context you need to navigate a volatile market.
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