Banner Image

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

We want to help you Ship SMARTER!!

Take advantage of our Free Consult Offers...

So much is changing in the freight industry. Carriers are changing rules tariffs regularly, adjusting their methods of pricing and unfortunately, they don't really give you a lot of notice or explanation.

Do you need a fresh set of eyes looking at your processes? Take advantage of a quick free consult:

Free 30 Minute Freight Management Consultation

Prefer to learn at your own pace??

Check out our Complete Guide to LTL Shipping...

  • What's the difference between Truckload and Less-than-Truckload (LTL)?
  • Is my Bill of Lading completed correctly?
  • What do Logistics Companies do?
  • What is Freight Class?
  • and much more...

Your Complete Guide to LTL Shipping

Subscribe to Email Updates

Recent Posts