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Like a Yo-yo

The transportation market has been like a yo-yo over the last year and at the end of Q2 there are signs of an uptick in volume, but rates are still low and capacity is still good in most areas. Read our report to learn the latest. 

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Download Market Report Q2 2019

Cursor-Bar  Choptank Transport Freight Market Report April/May

April-May MarketReport

According to economists and supply chain experts, this year's freight market will be nothing like last year. The further we get into 2019, the more forecasters are adjusting their predictions for economic growth, expecting less than originally stated. 

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 Current Market Report April May

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After coming down off the bull market of 2018 when unparalleled economic growth resulted in record-high rates and short capacity, January may have been a disappointment for some. Lower than last year's record success, the manufacturing sector is experiencing a steady 3% growth rate, year-over-year at present. That might sound disheartening, but keep in mind, this is the traditional “slow" time of the freight year and it is still growth. If you’re worried about our economy, take notice of other countries, like Europe, who are seeing a much more drastic decline in economic prosperity with Brexit looming and tariffs of their own to worry about. The truth is, the whole global economy is slowing down.  read more and download below!

JAN/FEB Market Report

Cursor-Bar.png  From Trump to the Griswold's...2018 in Review

By Brian Fox  |  Dec 2018

2018 Market Report ReviewA lot has happened in the world of transportation and logistics in 2018.  This could be a novel about all the things that happened in 2018 and the many predictions for 2019.  Above all of the headlines, though, we have lived through the strongest year for spot and contract pricing increases in the history of trucking in the U.S. 25% increases in the spot market rate, 30 percent in dry van and reefer, and spot market rate increases of over 25 percent in flatbed; which were followed by contract rate increases of over 15 percent in all three modes!  All that data could point to another turbulent and soaring market in 2019.  However, and lucky us, there is a mountain of data to dig into and the picture becomes clearer after some good analysis. 

Of course, all predictions depend on some large macro factors, with some drivers being bigger than others (to be discussed in-depth below), but economic demand, the durable goods index and the global oil market could lay all predictions to waste and start a new narrative at any time.  (How’s that for a disclaimer?!)

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top!   

A litany of micro and macro-economic factors is at play in the current market and driving what we’ll experience going into 2019.  Most experts agree the market...

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2018 Review Report

Cursor-Bar.png  "IT'S A QUEST...A QUEST FOR FUN!"

By Brian Fox  |  Oct/Nov 2018

National Lampoon's Vacation

If you like roller coasters, and you handle them better than John Candy (the Wally World security guard), you might be enjoying this market!  The highs and lows have been staggering over the last several months and I think we’re all in the mood for some stability and a balanced market where we’re all happy and having fun. Say what you will about Clark Griswold in the infamous National Lampoon films, but he truly loved his family and just wanted to show them an epically good time and a memorable trip!  Depending on which role you fill in the supply chain, from shipper to broker to carrier, you’ve felt your share of “disasters” to your budget the last couple years. 

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top!   

read more and download below!

OCT/NOV Market Report

Cursor-Bar.png Logistics Moves Pretty Fast

By Brian Fox  |  Aug/Sep 2018

“Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” — Ferris.  The iconic picture of these two looking at the Ferrari careening down the hill might describe the shock you are feeling as the market pivoted sharply this past month.  Of course, it depends on which side you are on as to whether you have a smile or a frown!  Just as “Ferris Bueller’s Day Off” enjoys a resurgence after 30 years we are reminded, once again, of how things are cyclical and we should be anything but shocked by the market’s volatility.  Studying truckstop.com’s MDI report, history shows that rates are following a trend by softening this time of year, but the drop has been bigger than expected.  It is also the same time that mother nature visited last year and gave us a big push into this current, chaotic market, so, it’s no time to take your eye off the ball and a great time to secure a good partner to make sure capacity is available for the upcoming months.

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top!   

Making a market forecast can be as unpredictable as Ferris’ next scheme, but certain factors can help give us guidance.  After last year we all experienced the power of Mother Nature...download for the rest of the story:

AUG/SEP Market Report

Cursor-Bar.png Jaws 5 & the Freight Market

By Brian Fox  |  Jun/Jul 2018

As we head into the summer on a wave of record-high MDI we have the sense of uneasiness with the market and what might be lurking around the corner, or in this metaphor, below.  Much like the great original summer blockbuster Jaws, (which was released 43 years ago, sorry to make you feel old), the movie, like the current market, gives participants an “edge of your seat” scare as you don’t know what will happen next. 

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top!   

Many variables shift and drive the market each month.  Government regulations, weather, seasonal shipping, the economy and the number of available trucks are the biggest factors that contribute to volatile rates.  Any of those factors could be “Jaws” in this scenario...download for the rest of the story:

JUN/JUL Market Report

Cursor-Bar.png Back to the Future & How to Beat Biff?

By Brian Fox  |  Apr/May 2018

The first quarter of 2018 was like a young George McFly sitting in the car before the dance; scary, unpredictable and a foreboding presence hovering over him.  Recently, it looks to be working out with the spot market softening and rates inching back down.  Many think this should continue short term.  

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top!   

Whether it was 2014 or just last year, we’ve seen this type of market before.  As George Santayana famously said, “Those who cannot remember the past are condemned to repeat it.”  Many variables shift and drive the market...download for the rest of the story:

APR/MAY Market Report

Cursor-Bar.png Where are rates headed in 2018?

By Brian Fox  |  Feb/Mar 2018

The second half of 2017, and its impact on this market has been chronicled ad nauseam.  We now have many competing forces and variables at play with almost as many opinions on where the market will go from here.

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top!   

Shippers were paying premium rates as the strong surge in business that began last year .

...download for the rest of the story:

FEB/MAR Market Report

New Year, New Market?

By Brian Fox  |  January 2018

Looks like we’re trading 2017 Hurricanes for winter cyclones and a Polar Vortex.  A historically high MDI will stay high with this weather being the driving force.  A resurgent economy, a long-awaited infrastructure proposal and new tax cuts will help ease the pain of these higher rates.

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top! ...download for the rest of the story:

January Market Report

Is it a “Trump Bump”, ELD’s, Hurricane Hangover, all of the above?

By Brian Fox  |  December 2017

We know President Trump thinks he is driving the economy, but regardless if you agree, the economy and all the other factors swirling around our market will keep this roller coaster going for some time.  Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top! 

A stronger economy has been pushing more loads into the marketplace, and after a record-breaking...download for the rest of the story:

December Market Report

Is this the perfect storm to drive down capacity and drive up rates?

By Brian Fox  |  November 2017

No, but it’s certainly a turbulent and volatile market right now. 

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top! 

A stronger economy has been pushing more loads into the marketplace while capacity has been shrinking with fewer drivers on the road.  As this was a slower, smaller storm front, Mother Nature intervened with much bigger...download for the rest of the story:

November Market Report