Welcome to October’s Monthly Episode of Loadsmart First Look. This is a monthly series that dives into the domestic freight market, the economy as a backdrop to the trucking industry, and the latest developments and technologies that are changing the supply chain.
This month Jim Nicholson, VP of Operations at Loadsmart is joined by Kyle Lintner, Partner and Managing Director of K-Ratio to—among many things— discuss leveraging principles from the financial markets to improve efficiency in the freight industry, what a central clearinghouse for freight transactions would mean for the industry, and how universally agreed upon rate transparency might improve the flow of goods through the supply chain.
Lightning Round:
Jim: Outbound tender volume index will stay above 15,000 for 2020
Kyle: False, but not by much
Jim: Tender rejections will drop below 20% by the end of the year
Kyle: False
Jim: Tender rejections will drop below 10% in Q1
Kyle: That is a really tough one. False, but very very close.
Jim: Capacity in the marketplace will end up lower than where we went into it this year. So capacity will drop
Kyle: No, false.
Jim: Shippers will opt to move a smaller percent of their volume in contracts
Kyle: They will not put more stuff into spot, even though sometimes I think it does, flex contracts, option contracts, spot business whatever you call it, they’re going to run it on all three dedicated
Jim: Hottest trend in 2021 will be…
Kyle: More visibility
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