Transportation Consultant || MBA || Logistics & Transportation Instructor @UTChattanooga
Chattanooga, TN
Joined November 2022
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Tanner DeHart retweeted
Do you know the break even cost per mile for your truck?
I had @FR8Professor stop by @FWwhatthetruck to talk about a recent chart he posted and the debate it caused
Tanner DeHart retweeted
Robovan and Musk’s autonomous prediction; breakeven cost per mile; parking | WHAT THE TRUCK?!? xitter.cf/i/broadcasts/1lPKqOYdD…
@TimothyDooner & I will be breaking this down on @FWwhatthetruck tomorrow at noon! Tune in as we talk about some of the feedback on the numbers and what this means for the market!
Tanner DeHart retweeted
Friday live at 12PM Et on @FWwhatthetruck presented by @nikolamotor
- @FR8Professor and me break down the cost of ownership chart, look at the feedback on why this doesn’t apply to many OOs and we take a look at what the data in @SONAR_FW says about the market
- @Trukparkingclub @lostisreed talks truck parking, paid vs free debate, and maybe even some hurricane parking options
- @lexmark Brant Nystrom shares the latest on their deployment of AI in truck operations. What are they doing with it? We’ll find out
Stream 12PM ET @FreightWaves
Ondemand on podcast players and FreightWaves YouTube after
Radio replay at 5 and 11pm et on @SIRIUSXM @RoadDogTrucking ch146
Tanner DeHart retweeted
Tender rejections have shot up in the past week, reacting to the hurricanes impacting the south east.
Today's level of 5.62% is approaching levels we saw during the end of June and July 4th holiday.
The gap between contract and spot truckload rates just hit a 3-year low of $.43, with contract rates at $2.15/mi and spot rates at $1.72/mi. A $0.30 gap could signal the end of the market cycle. Watch rejection rates closely for the first signs of a shift!
Data Source: @SONAR_FW
Truckload Contract Rates just hit a new low at $2.18/mi, down nearly 30% since March 2022. Rates are now below operating costs for many carriers, this will lead to accelerated exits. The market is currently oversupplied by around 50,000-80,000 carriers.
Data Source: @SONAR_FW
How are you feeling about the current state of the market? What should providers be focused on to weather the storm through the end of the year? Comment below.
Data Source: @FreightWaves @SONAR_FW
Rail volume is up 40% since Mar 23', driven by record imports. This rise may strain ramps and container availability, shifting more freight to truckload. While unlikely, a possible East Coast port strike on Oct 1 would have further major implications on Rail/Truckload volume.
Truckload Volume just hit a 2-year high as imports surge, and LAX long-haul outbound shipments spike. Rejections are below 5%, signaling fresh volume in the market. If rejections rise toward 8-10% and the contract-to-spot gap narrows, a market shift may be on the horizon.
Francine hits landfall as a Category 2 this afternoon, extends into the Midwest and Canada as a tropical storm. Truckload rejections in the Midsouth could see 5% again. Truckload volume will certainly rise with relief loads, as FEMA still has well over $40 billion to spend.
Also, this new collaboration between @SONAR_FW & @weatheroptics is insane! I can see what areas of my own Supply Chain are expected to be impacted, when they will be impacted, what the risk score is and details around each step of the storm. Well done.
The Trucking Industry is losing over 400 Carriers Per Week! The Average Net Change in Trucking Authorities has been negative every week outside of just a few since Nov of 2022. There are currently 345k total available carriers, down from a peak of 390k when this decline started.
Rail Volume in the United States just hit a 5 Year High. With new import orders growing, rail lines sending record containers towards ports and a looming possible Canadian rail strike, I expect shippers to start shifting volume to truckload soon. Stay tuned.
Contract Truckload Rates hit a 3 year low of $2.19 per mile linehaul. Rates have fallen nearly 30% since their peak in Mar 22'. I expect to see a increase in carriers exiting the market and rejections start to climb again. Many drivers are operating at a lose in this environment.
