Trends Seen In Our Data Suggust America Is Getting Back To Work
By Sleek Fleet on June 25th, 2020
America is getting back to business, and our data shows it. At Sleek Fleet, we continuously drill down into data to uncover industry trends and insights for our customers. June trends are encouraging and point to the pandemic moving into America's rearview mirror. "June freight volumes are strong", said Mike Nervick, Sleek Fleet CEO. "Our first-party data revealed a +60% increase in freight volume month-over-month, which supports other news that supply chains are shifting back to full capacity".
In addition to volume increases, June data also revealed a rise in driver activity. "Usually when the freight volume increases, so does the total number of driver bids", said Oleg Yanchyk, Sleek Fleet CIO. "Our proprietary recommendation engine, Sleek Match Engine, helped produce a +90% increase in bids month-over-month, and a +24% increase in the number of bids per load".
It's exciting to see the number of bids per single load climb because a healthy marketplace is created. When there is a healthy marketplace, based on supply and demand, fair market cost is generated for the shipper and fair market pay is generated for the carrier/driver. It's a win, win for everyone.