Arrive Logistics shared its December 2023 freight market update, offering a comprehensive layout for logistics in November.
Key Insights:
Spot and Contract Rates: Van rates spiked around Thanksgiving, while reefer rates increased in early November but then dropped. The gap between spot and contract rates remains high, pressuring contract rates downward.
Flatbed Rates: Mostly unchanged, showing stability in the market.
Capacity Trends: Sufficient capacity despite regional surges, slower exit prolonging the current cycle.
Retailers: The National Retail Federation reports strong import numbers, signaling an end to destocking for retailers.
Truckload Rates:
Van Rates: Remained flat early November, spiked during Thanksgiving.
Reefer Rates: Increased early November, then dropped mid-December.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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