Plus, two trucking firms close, harassment claims at TIA conference, a 19.5% week-over-week drop in spot loads, and more.
Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
U.S. container import volumes reach their peak earlier than usual, hinting at a potential steady downturn. This data-based insight is crucial for logistics professionals planning for the months ahead.
FreightWaves' SONAR's Container Atlas shows U.S. container import volumes have peaked earlier than anticipated, signaling a potential descent in future loaded import volumes. This early peak season could trigger an intense price war among ocean carriers as they strive to gain market share during this downcycle. The situation might also lead to disruptions and potential reorganizations within the ocean carrier alliances. As a result, logistics professionals are advised to prepare for this possible downturn and closely monitor developments.
Source: FreightWaves
https://t.co/WjmlfslaQe equilibrium has been found with stabilized front end demand and right sizing of inventories in new paradigm. Supply chain now catching up to that reality. This is 2 months old and will refresh in a few days pic.twitter.com/2u6ohlKuCL
— 🚽 🤴 (Contemplating US Construction Employment) (@toiletkingcap) July 9, 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).
