Thomas Wasson (@thomaswasson7) 's Twitter Profile
Thomas Wasson

@thomaswasson7

Enterprise Trucking Analyst at FreightWaves. Writer and host of Loaded & Rolling and Truck Tech podcast. Opinions expressed are my own. Great Gandalf of Freight

ID: 1128730000520359937

linkhttps://www.freightwaves.com/loaded-and-rolling calendar_today15-05-2019 18:32:57

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Adam L. Wingfield ๐Ÿš›๐Ÿ‘จ๐Ÿพโ€๐Ÿ’ป (@adamlwingfield) 's Twitter Profile Photo

Unfortunately this is partially correct. Non-citizens are eligible by way of current law. This is why the federal process should have been corrected first because of the variation of interpretation by the states.

Unfortunately this is partially correct. Non-citizens are eligible by way of current law. This is why the federal process should have been corrected first because of the variation of interpretation by the states.
Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

We gotta nip this in the bud asap. I use, โ€œneed more coffee,โ€ when Iโ€™m in a hurry and misspell an email. I canโ€™t have Agencies think Iโ€™m lying on my hours of service.

Craig Fuller ๐Ÿ›ฉ๐Ÿš›๐Ÿš‚โš“๏ธ (@freightalley) 's Twitter Profile Photo

Almost every large trucking and supply exec I've spoken with is shocked by the non-domiciled CDL issue. I didn't believe it until this summer when ATU insisted I get on a call with them and Overdrive completed their FOIA studies on the issuance of non-domiciled CDLs. Big

Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

The week leading up to Halloween has the spot market poised to deliver either tricks or treats, with the answer yet to be determined. A rapid rally in dry van spot rates that began in the first week of October resumed near the middle of the month before a sharp decline as

The week leading up to Halloween has the spot market poised to deliver either tricks or treats, with the answer yet to be determined. A rapid rally in dry van spot rates that began in the first week of October resumed near the middle of the month before a sharp decline as
Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

Here's a good snapshot from a recent J.B. Hunt study showing the breakdown of non-domiciled CDL holders affected by the new FMCSA rule from September.

Here's a good snapshot from a recent J.B. Hunt study showing the breakdown of non-domiciled CDL holders affected by the new FMCSA rule from September.
Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

While attention continues to focus on the potential impacts of truckload supply, measurements of truckload demand remain depressed in the dry van space. Dry van outbound tender volumes have remained below 2019 levels following the Fourth of July holiday. VOTVI is at 6,666.23

While attention continues to focus on the potential impacts of truckload supply, measurements of truckload demand remain depressed in the dry van space. 

Dry van outbound tender volumes have remained below 2019 levels following the Fourth of July holiday. VOTVI is at 6,666.23
Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

At an LTL conference and question of AI comes up. Big issue is generative AI is like a really good intern with a long memory. But itโ€™s not yet good at making complex decisions. LTL is full of complex decisions with uncertainty. Letโ€™s say you adopt AI. Add in change management

Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

Boxes go on trucks, less boxes helps explain poor truckload volumes. Cartonage is the box shaped canary in the proverbial coal mine.

Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

Nationwide outbound tender rejection rates and dry van spot rates posted slight gains over the past week. Outbound tender rejection rates rose 24 basis points from 5.94% on Oct. 27 to 6.18%. Compared to last month, OTRI is 49 basis points higher. When focusing on specific

Nationwide outbound tender rejection rates and dry van spot rates posted slight gains over the past week. Outbound tender rejection rates rose 24 basis points from 5.94% on Oct. 27 to 6.18%. Compared to last month, OTRI is 49 basis points higher. When focusing on specific
Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

There's an amazing SiriusXM studio downstairs at the Hall of Fame and Jim the audio engineer is one of the best. We also happen to have a 1 hour slot for FreightWaves Drive Time on SiriusXM.

Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

The truckload market is a tale of cyclical patterns and freight inversions, namely the interplay between the availability of truckload capacity and the prices charged for said capacity. Trucking business cycles historically are heralded when transportation capacity contracts in

The truckload market is a tale of cyclical patterns and freight inversions, namely the interplay between the availability of truckload capacity and the prices charged for said capacity. Trucking business cycles historically are heralded when transportation capacity contracts in
Man, I Love Freight ๐Ÿš› (@freightcaviar) 's Twitter Profile Photo

๐Ÿšจ Zuum Transportation has filed for Chapter 11 bankruptcy. The Irvine-based freight-tech platform & brokerage reports $10 โ€“ $50 million in assets and liabilities. Filed Nov 6 in Californiaโ€™s Central District (Case No. 25-13127). Source: Bondoro Insights.

๐Ÿšจ Zuum Transportation has filed for Chapter 11 bankruptcy.  

The Irvine-based freight-tech platform & brokerage reports $10 โ€“ $50 million in assets and liabilities.  

Filed Nov 6 in Californiaโ€™s Central District (Case No. 25-13127).  

Source: Bondoro Insights.
Thomas Wasson (@thomaswasson7) 's Twitter Profile Photo

A nascent rally in dry van spot rates has stalled, ending a two-month streak in which the SONAR National Truckload Index 7-day average outperformed 2024 rates. The NTI fell 1 cent per mile week over week from $2.35 on Nov. 3 to $2.34. Compared to last year, the NTI is now 4 cents

A nascent rally in dry van spot rates has stalled, ending a two-month streak in which the SONAR National Truckload Index 7-day average outperformed 2024 rates. The NTI fell 1 cent per mile week over week from $2.35 on Nov. 3 to $2.34. Compared to last year, the NTI is now 4 cents
Chris Ceausu (@chrisceausu) 's Twitter Profile Photo

I keep a TTM view of the Cass Freight Shipments Index to kill the seasonality noise. We just hit the weakest October since 2009. Shipments down almost eight percent year over year and more than four percent month over month. Cass says November could drop ten percent if

I keep a TTM view of the Cass Freight Shipments Index to kill the seasonality noise.

We just hit the weakest October since 2009. Shipments down almost eight percent year over year and more than four percent month over month. Cass says November could drop ten percent if