Q4 2024 freight market update: Key insights and recommendations for shippers and carriers Updated November 7, 2024 As the end of the year approaches, logistics teams will need to begin preparing strategies and reviewing forecasts for 2025. The key to staying ahead of disruption and remaining competitive now and in the new year is to…
Category: Freight Market
By Eric Berdinis, Director of Product Management When we launched Uber Freight Exchange last year, we sought to bring the neutrality, transparency, and efficiency of a financial exchange like the New York Stock Exchange to logistics. Shippers need agile procurement solutions that ensure they’re getting the best outcomes from their network in all market conditions,…
By: Mollie LeBlanc, Vice President of Operations, Uber Freight, and Nathan Adams, Vice President of Transportation and Procurement, Uber Freight Hurricanes impact supply chains in many ways, from damaging highways and ports to causing capacity crunches amid relief efforts. And this year, our industry could be vulnerable to a particularly turbulent hurricane season. The National…
If companies have learned one lesson from the pandemic era, it’s that developing agile, proactive operations is key to seamlessly adapt to disruption that turns the market upside down. The shift from a tight market to today’s stable, soft market has given shippers time to reset and refine their logistics programs to drive cost savings…
Carriers’ operating costs show they’re not The cost to operate a truck surged by 21% in 2022, according to the American Transportation Research Institute (ATRI). In a report published in June, ATRI concluded that costs rose above $2.00/mi for the first time, and by a significant margin. The increases were mostly driven by fuel, driver…