Craig Fuller 🛩🚛🚂⚓️
@FreightAlley • 111,727 subscribers
Freight affiliated media. Founder - FreightWaves: Freight market intelligence SONAR: High-frequency freight data Firecrown: enthusiast media esp. transport
Videos
You are not bullish enough. The trucking market is an 11 out of a 10 right now, with some the strongest charts since COVID. The resurgence of the US industrial economy and manufacturing renaissance is real, along with tightening capacity. I told Bloomberg Open Interest that I am an 11 out of 10 about how bullish the signals are in domestic freight.
Craig Fuller 🛩🚛🚂⚓️312,083 次观看 • 5 个月前
JB Hunt set the tone for earnings describing how shippers are accepting a massive shift and calling it a "structural change" and unlike other capacity-led market changes. Hunt's team made the case that we should not expect this market to correct anytime soon, as the regulatory crackdown continues and trucker balance sheets have been wrecked by the worst downturn in history. This makes the case that a trucking super cycle is on the way!
Craig Fuller 🛩🚛🚂⚓️73,580 次观看 • 4 个月前
The American Manufacturing Renaissance is happening. We are now getting confirmation from multiple freight and supply chain datasets that the industrial recovery is real and manufacturing is on course to enjoy one of the best markets in years. The domestic freight market strength is not just capacity - its an industrial renaissance bringing real volumes to the freight industry. Its not just trucking data - the railroads are seeing strong volumes, with shipments up 4.5% YoY. Rail volumes are more stable than trucking, so this level of increase in remarkable. Carloads, excluding coal, are at the strongest March since 2008, and chemical shipments are the highest levels ever measured. Other datasets, which track trucking but lag SONAR's high frequency data, are also reporting strength. Truckstop - "Highest load board postings since 2022." ATA Truck Tonnage index - "Highest levels in 3 years" BoA Shipper Survey - "18% increase YoY and highest since 2022" ISM Manufacturing PMI - "Highest levels in 3 years" Bottom line: Flatbed + rail strength confirm that the US is experiencing some of the strongest industrial signals in years.
Craig Fuller 🛩🚛🚂⚓️74,101 次观看 • 4 个月前
The Administration dropped the hammer today on illegal immigration with its biggest announcement yet: It intends to go after financial institutions and money transmitters that allow illegal immigrants to transfer money back home. FinCEN, the criminal enforcement agency ran by Treasury, may be the most powerful of Federal agency because of its control of the banking system. This will have massive implications for immigrants.
Craig Fuller 🛩🚛🚂⚓️113,755 次观看 • 9 个月前
$5/mile for truckload spot rates on the horizon? With 30% of the trucks in the market either having no safety-rating or a conditional safety rating, we could see a large percentage of those carriers drop out of the market. Rates are definitely going up - the question is how high? A trucking super cycle could bring $5/mile spot rates.
Craig Fuller 🛩🚛🚂⚓️39,923 次观看 • 3 个月前
Freight continues it's epic collapse, with the Cass Shipment Index giving off some of the most significant warning signs about the state of the goods economy. The Cass Shipment Index, the benchmark freight index, has dropped to October 2009 levels, the height of the Great Financial Crisis. This is my breakdown on what this means for freight and the goods economy overall.
Craig Fuller 🛩🚛🚂⚓️94,925 次观看 • 9 个月前
Trump will sign an executive order mandating that all truck drivers in the US speak English proficiently. This is a positive development for safety, but it will have a significant impact on trucking capacity and could help the industry right-size from excess capacity.
Craig Fuller 🛩🚛🚂⚓️136,973 次观看 • 1 年前
Truckload rejections pop to 14.01%, near the highest levels they've been in years. It is notable that this is happening in Mid-February, normally one of the worst months for freight. Shippers should prepare for significant rate increases this year and even if carriers participated in the RFP, expect higher rate concessions later in the year as fleet execs gain conviction.
Craig Fuller 🛩🚛🚂⚓️50,966 次观看 • 6 个月前
I had the opportunity to go to the England - Norway game with Pallet, the firm that is helping logistics companies implement AI in their workflow operations. It was a remarkable weekend, hanging with other logistics executives and experiencing the pageantry of the World Cup. The closest thing in American sports to the World Cup in terms of team dedication and passion is College Football.
Craig Fuller 🛩🚛🚂⚓️15,417 次观看 • 1 个月前
Truckload spot rates hit all-time record of $3.69. RXO comes out with very bullish market update, talking about the significant amount of spot opportunities as shippers scramble for capacity in a tight market. Tender rejections hit new cycle high. Enterprise brokers are as bullish as I've seen them on the back of the SCOTUS decision and shippers are doing far more diligence on providers in the wake of increased liability.
Craig Fuller 🛩🚛🚂⚓️23,481 次观看 • 3 个月前
Trucking conditions have improved, largely related to the compliance crunch, not volumes. But with record low inventories reported by the LMI, this could soon change. We could see COVID like freight conditions, without a capacity relief valve in 2026. This would be incredibly bullish for motor carriers, but destructive to shipper routing guides and budgets.
Craig Fuller 🛩🚛🚂⚓️40,333 次观看 • 7 个月前
This is a carrier's market. There are zero signs that things are cooling, in fact, in recent days the market has firmed significantly. Many traffic managers at shippers have not seen a carrier's market and are unprepared. If they have refused rate concessions, they will find themselves without trucks this spring.
Craig Fuller 🛩🚛🚂⚓️29,598 次观看 • 5 个月前