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Recon Market Update - January 8, 2021

Posted by Hank Newman on Jan 8, 2021 8:18:14 AM

Welcome to 2021!

Kind of sad when we are hoping to see LTL carrier performance get back to the mid-'80s!  But as long as COVID and its disruptions persist and the TL market remains tight we remain a broken record.
 
Poor performance isn't stopping the LTL industry from gearing up for significant rate hikes.  Check out the following article for a good piece on their "bullish" outlook in 2021.Update hand writing with a blue mark on a transparent board
 
 
Updated weekly charts on spot rates, capacity, and LTL performance below as well as an interesting chart showing clearly that this is ALL carriers and systemic, not isolated.  When the premium carriers are down (the likes of FedEx and Old Dominion) it's an industry issue.
 
LTL Performance January 8 2021
 
 
DAT Capacity vs LTL Performance January 8 2021
 
DAT Capacity vs Truckload Spot Rates January 8 2021

 

Tags: Freight Class, Accessorials, LTL, Freight Rates, LTL Carrier Cost, Rules Tariff, Logistics, LTL Service, Limited Access, Freight Technology, TMS, Freight Insurance, Freight Claims, Freight News, Freight Update

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