Today we sat down with Angie Twardawa, Co-Founder of RoadLites, a safety lighting solutions brand. She shares insights into their innovative products, the latest advancements in safety lighting, and how regulations and features differ between Europe and the U.S.
This isn’t the freight recovery we were promised… and Q1 earnings make that painfully clear.
In the latest episode of "The FreightCaviar Podcast", we sit down with Grace Maher and Jonathan McCormack of OTR Solutions. They shared their take on the current freight market, freight fraud, and talked about OTR's new platform for carriers.
Josh Bouk from TriumphPay forecasts a later freight market rebound by December 2024.
A Different Outlook
Josh Bouk, TriumphPay’s chief partnership officer, offers a unique perspective on the freight market's future. Unlike others predicting a recovery in mid-2024, he anticipates it won't be until December 2024. His viewpoint is grounded in the company's extensive involvement in logistics transactions, amounting to nearly $50 billion annually.
Despite increased retail sales, 2023's market hasn't seen the expected rate rise. Brokers are advised to focus on profitability, with TriumphPay playing a key part in streamlining invoice settlements and fraud prevention.
Bouk notes the recent spike in online spending and its uncertain impact on the trucking sector. For brokers, the next year is crucial for maintaining business efficiency and managing costs effectively.
The company is preparing to unveil new partnerships that promise greater industry insight.
Source: FreightWaves
The majority of respondents to our survey believe that the freight market will rebound in the second half of 2024. What's your take? pic.twitter.com/727pyS4LRq
— Man, I Love Freight 🚛 (@freightcaviar) November 20, 2023
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
