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Recon Market Update - Jan 13, 2022

Posted by Hank Newman on Jan 13, 2022 3:33:17 PM

 
Once again, all we hear all day long from many is, "this is unacceptable!!!" We've been preaching for how long now — almost two years? — to expect the "unacceptable." Yet, most still can't figure out that LTL carrier performance is atrocious, and it's not getting better.
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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

Recon Market Update - December 10, 2021

Posted by Hank Newman on Dec 10, 2021 2:30:58 PM
 
2022 is almost upon us and we all know that  22 is a GREAT number  so we're expecting great things coming!  This isn't an official announcement, but some of you will have noticed Recon's new image being slowly rolled out (logo below and look for a new TMS splash soon).
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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

Weekly Update - November 9, 2021

Posted by Hank Newman on Nov 9, 2021 3:58:07 PM
 
"TL Rates Flat in 2022!!!"  
 
Well that sounds nice, but after a whopping 33% increase in TL rates in 2021 vs. 2020, I’m not sure that helps much.  If you want the positive news, then I believe actual TL rates will drop about 4% in 2022, but watch out for SNEAKY DIESEL!
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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

Recon Market Update - October 13, 2021

Posted by Hank Newman on Oct 13, 2021 1:03:16 PM
Tis the season for... Gift Cards.  
 
A lot of folks have asked about why we have such a "Supply-Chain Disruption," but for those of us close to this industry, we know that has existed for at least a year now and the media is late to the party.
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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

Recon Market Update - September 27, 2021

Posted by Hank Newman on Sep 27, 2021 9:12:05 AM
This week is the last week of the quarter and you know what that means.  Expect more than normal disruption and late deliveries.
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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

Recon Market Update - September 16, 2021

Posted by Hank Newman on Sep 16, 2021 1:44:35 PM
It's been a few weeks since the last market and some of that reason is that not much has changed.  Status quo of higher TL rates, tight capacity, and poor LTL performance persists and is expected to last well into 2022.  Same old story.
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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

Recon Market Update - August 26, 2021

Posted by Hank Newman on Aug 26, 2021 11:00:28 AM
September is probably my favorite month of the year and perhaps it is for many of you too.  Awesome weather, football, etc.  Love it!  So, for me, it's good news that September is just about here.  And that's our good news for the day so don't say I didn't have any!  Wait - I may have some below so keep reading :)
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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

Recon Market Update - August 13, 2021

Posted by Hank Newman on Aug 13, 2021 2:07:47 PM
Going to keep it short and sweet this time and leave you with a few teasers to ponder (and reply back if you'd like!).  I'm also including a link to the monthly Cass Freight Index report which is always a good read as well as sending a few updated charts on pricing and service.
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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

Recon Market Update - July 20, 2021

Posted by Hank Newman on Jul 20, 2021 1:50:23 PM
We got no service, we got bad rates, our pet's heads are falling off!  (c'mon - you all have to know that line right?).  That's about the funniest thing I have today as the rest of this is the same old story.
 
Below are a few interesting charts with some international data and I think the point we're trying to make is that this is a global freight "pandemic" that is impacting all the big boys just as much as it's impacting each of you.  No one is immune.
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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

Recon Market Update - June 18, 2021

Posted by Hank Newman on Jun 18, 2021 9:32:59 AM

My wife took my boys to get suits this week and had to go to 3 different stores before she could find an employee at the store to help.  The previous two said no one was working and they simply cannot fill positions.

We can't shut the world down and give out boatloads of free money to everyone and expect to get back to anything close to normal for a while.
 
FedEx Freight, as I'm sure you all know, took the unprecedented step of flat out cutting off 1,400 shippers due to having too much volume.  Other carriers are following right now - maybe not cutting off shippers entirely, but we are hearing they will stop accepting certain freight at certain times - overlength items, volume shipments, shipments to/from congested areas, etc, etc.
 
Quite simply put - all of the above adds up to a distressed industry where there is no "solution" other than time - and I wouldn't expect things to clear up for another year at least.  So this challenge will be with us for a long time.
 
The article below out of the Journal of Commerce discusses much of this with better detail and well worth the read.  Pay attention to the last paragraph.
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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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