Community - Market Currents #5

Author

Freight Trends
November 06, 2024

Table of Contents

This Month’s Topic: Community

From Curtis:

In today’s ever changing transportation market - fluid, two way information and communication is key to reaching and staying in the top 5% of any industry.

This is why we are moving Freight Trend’s from a one way, “content push” model into a closed loop of bringing folks closer to the conversation.

We have studied the community driven business frameworks of many from around and outside our industry. This is led us to what we believe is the best and most mutually beneficial model which will be timely with the current state of the industry in which we work.

For a model like this to succeed - we all need to have some skin in the game. This means both accountability and a seat at the table.

Nothing anonymized - we will all show up to the table with our names, identities, wins and failures ready to both give and receive.

We’ve worked in ideas around contrarian thinking, helpful bullet style lists and tools, big picture philosophies, and lots of ground level relationship building.

Our newsletter will continue to be the primary external form of delivery - however we have also stood up a membership only platform which includes:

Member to member communication (in group form or 1:1).

Easy access to content, training, tools.

Regular live sessions to promote access to industry leadership.

Pop up presence at existing industry gatherings (Manifest, etc) to start and future Freight Trends’ led events to follow.

Our hope is that the Freight Trends community becomes the hub for not only current transportation industry thinking and dreaming - but also that of the future!

The opinions expressed in the content of this newsletter are solely our own. They do not reflect the views of any affiliated organizations or partners and should be considered as individual perspectives offered for informational purposes only.

Manifest: The Future of Supply Chain & Logistics

Join us at Manifest: The Future of Supply Chain & Logistics!
Here's what's in store:

  • 300+ Speakers

  • 130+ Sessions

  • 50+ C-level supply chain executives

  • 100+ Startups

View the agenda and save $200 on the current registration rate ($800 off the on-site rate!) by visiting ManifestVegas.com/FreightTrends.

Greenscreens.ai October 2024 Update

Greenscreens.ai October 2024 - National Carrier Spot Rate and YoY Market Trends

Takeaways

  • Rate Trends: Declines continue across Van (-6%), Reefer (-3.1%), and Flatbed (-3.3%) rates compared to the 2024 H1 baseline.

  • Year-over-Year Comparison: Rates are lower than October 2023, with Van down (-6.1%), Reefer (-4.5%), and Flatbed (-3.1%).

  • Regional Trends: The South and Southeast regions show the largest rate drops for Van and Reefer compared to the 2024 H1 baseline.

Outlook

Not much new for October 2024. October trends show continued pricing declines, with Van (-6%), Reefer (-3.1%), and Flatbed (-3.3%) all below 2024 H1 baseline levels. Year-over-year values reflect even stronger declines due to high rates in October 2023. South and Southeast are showing the greatest weakness in Van and Reefer rates relative to 2024 H1 baselines. As stated last month, these results support the common industry outlook of a weak to flat Q4 ahead with optimism returning in 2025.  

For more information, check out Greenscreens.ai.

If you watched the GIF at the top of the newsletter, you’ll be up to speed on the conversation the Freight Trends team had about community.

We asked Google’s NotebookLM to take our conversation and give us a “deep dive” audio podcast, if you’d like the summarized version. Check it out below.

We'd Love to Hear from You!

Your support and curiosity are what drive us to share our insights, experiences, and thoughts in the logistics industry.

Drop us a line with your thoughts on the market, new developments, and new tech.

If you're interested in sponsoring the newsletter, we'd also love to hear from you!

Sincerely,
The Freight Trends team
(Curtis, Elliot, Sierra, & Matt)