@jdwhitt.bsky.social
Webcams at entrance and exit of Port of Long Beach Thor pas Thursday afternoon. Nothing doing.
May 3, 2025 at 1:51 PM
Webcams at entrance and exit of Port of Long Beach Thor pas Thursday afternoon. Nothing doing.
🚛 Spot rates in trucking are a critical real-time indicator of the health of both the freight industry and, more broadly, the U.S. economy. They’re currently very volatile as rates surged ahead of tariffs and are expected to drop back to unsustainable lows very soon. Here’s how they connect:
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May 3, 2025 at 1:47 PM
UPS to cut 20,000 jobs on reduced Amazon deliveries, as US tariffs weigh
www.reuters.com/markets/us/u...
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www.reuters.com/markets/us/u...
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UPS profit beats estimates, to cut 20,000 jobs on economic worries
United Parcel Service reported first-quarter profit that beat market expectations and said it will cut 20,000 jobs as the parcel giant looks to trim costs in an uncertain economy, sending its shares up more than 5% before the bell on Tuesday.
www.reuters.com
April 29, 2025 at 8:04 PM
UPS to cut 20,000 jobs on reduced Amazon deliveries, as US tariffs weigh
www.reuters.com/markets/us/u...
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www.reuters.com/markets/us/u...
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Empty shelves, trucking layoffs lead to a summer recession in Apollo's shocking trade fight timeline
www.cnbc.com/amp/2025/04/...
www.cnbc.com/amp/2025/04/...
Empty shelves, trucking layoffs lead to a summer recession in Apollo's shocking trade fight timeline
U.S. consumers could start to notice trade-related shortages in their local stores next month, according to Apollo.
www.cnbc.com
April 29, 2025 at 8:04 PM
Empty shelves, trucking layoffs lead to a summer recession in Apollo's shocking trade fight timeline
www.cnbc.com/amp/2025/04/...
www.cnbc.com/amp/2025/04/...
It appears that the industry is already beginning to experience the the self-inflicted pains of existing and looming tariffs:
www.freightwaves.com/news/categor...
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www.freightwaves.com/news/categor...
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Layoffs and Bankruptcies Archives
www.freightwaves.com
April 29, 2025 at 8:04 PM
It appears that the industry is already beginning to experience the the self-inflicted pains of existing and looming tariffs:
www.freightwaves.com/news/categor...
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www.freightwaves.com/news/categor...
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Trucking spot rates are like a heartbeat monitor for the freight industry and a pulse check on the U.S. economy. When they rise, things are moving. When they fall, there may be a slowdown ahead.
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April 29, 2025 at 8:04 PM
Trucking spot rates are like a heartbeat monitor for the freight industry and a pulse check on the U.S. economy. When they rise, things are moving. When they fall, there may be a slowdown ahead.
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Why does this matter? Economists, shippers, and investors all watch trucking spot rates because:
- They’re fast-moving (daily or weekly data)
- They reflect on-the-ground demand
- They provide early insight into shifts in consumer behavior, retail health, and manufacturing output
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- They’re fast-moving (daily or weekly data)
- They reflect on-the-ground demand
- They provide early insight into shifts in consumer behavior, retail health, and manufacturing output
7 /
April 29, 2025 at 8:04 PM
Why does this matter? Economists, shippers, and investors all watch trucking spot rates because:
- They’re fast-moving (daily or weekly data)
- They reflect on-the-ground demand
- They provide early insight into shifts in consumer behavior, retail health, and manufacturing output
7 /
- They’re fast-moving (daily or weekly data)
- They reflect on-the-ground demand
- They provide early insight into shifts in consumer behavior, retail health, and manufacturing output
7 /
Falling Spot Rates:
- May reflect a slowdown in economic activity (less freight being moved due to reduced consumer spending, lower production, or oversupply)
- Can precede broader economic slowdowns or recessions.
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- May reflect a slowdown in economic activity (less freight being moved due to reduced consumer spending, lower production, or oversupply)
- Can precede broader economic slowdowns or recessions.
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April 29, 2025 at 8:04 PM
Falling Spot Rates:
- May reflect a slowdown in economic activity (less freight being moved due to reduced consumer spending, lower production, or oversupply)
- Can precede broader economic slowdowns or recessions.
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- May reflect a slowdown in economic activity (less freight being moved due to reduced consumer spending, lower production, or oversupply)
- Can precede broader economic slowdowns or recessions.
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Rising Spot Rates:
- Usually indicate growing economic activity (more raw materials, goods, and consumer products are being moved)
- Can signal increased retail demand, manufacturing output, or inventory replenishment.
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- Usually indicate growing economic activity (more raw materials, goods, and consumer products are being moved)
- Can signal increased retail demand, manufacturing output, or inventory replenishment.
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April 29, 2025 at 8:04 PM
Rising Spot Rates:
- Usually indicate growing economic activity (more raw materials, goods, and consumer products are being moved)
- Can signal increased retail demand, manufacturing output, or inventory replenishment.
5 /
- Usually indicate growing economic activity (more raw materials, goods, and consumer products are being moved)
- Can signal increased retail demand, manufacturing output, or inventory replenishment.
5 /
Low Spot Rates:
- Suggest excess capacity (too many trucks chasing too few loads)
- Point to a slowdown in freight volumes or overcapacity in the market
- Typically cause financial strain for smaller carriers and owner-operators
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- Suggest excess capacity (too many trucks chasing too few loads)
- Point to a slowdown in freight volumes or overcapacity in the market
- Typically cause financial strain for smaller carriers and owner-operators
4 /
April 29, 2025 at 8:04 PM
Low Spot Rates:
- Suggest excess capacity (too many trucks chasing too few loads)
- Point to a slowdown in freight volumes or overcapacity in the market
- Typically cause financial strain for smaller carriers and owner-operators
4 /
- Suggest excess capacity (too many trucks chasing too few loads)
- Point to a slowdown in freight volumes or overcapacity in the market
- Typically cause financial strain for smaller carriers and owner-operators
4 /
High Spot Rates:
- Indicate strong demand for freight capacity (more goods being shipped than trucks available)
- Signal that shippers may be turning to the spot market because contracted carriers are at capacity
- Often mean carriers have pricing power
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- Indicate strong demand for freight capacity (more goods being shipped than trucks available)
- Signal that shippers may be turning to the spot market because contracted carriers are at capacity
- Often mean carriers have pricing power
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April 29, 2025 at 8:00 PM
High Spot Rates:
- Indicate strong demand for freight capacity (more goods being shipped than trucks available)
- Signal that shippers may be turning to the spot market because contracted carriers are at capacity
- Often mean carriers have pricing power
3 /
- Indicate strong demand for freight capacity (more goods being shipped than trucks available)
- Signal that shippers may be turning to the spot market because contracted carriers are at capacity
- Often mean carriers have pricing power
3 /
In the freight industry, spot rates are the prices shippers pay to move freight on-demand, as opposed to contracted rates. They fluctuate daily based on immediate supply and demand.
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April 29, 2025 at 7:59 PM
In the freight industry, spot rates are the prices shippers pay to move freight on-demand, as opposed to contracted rates. They fluctuate daily based on immediate supply and demand.
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Baseball is the only thing keeping me sane.
April 18, 2025 at 10:57 PM
Baseball is the only thing keeping me sane.
“Priest” alone made the trip to Tulsa worth it. I absolutely lost it.
December 31, 2024 at 2:10 AM
“Priest” alone made the trip to Tulsa worth it. I absolutely lost it.