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Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
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
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
Morgan Stanley's latest TLQURE model forecasts significant increases in truckload spot rates over the next year. What does this mean for the industry?
Southeastern carriers are rejecting loads at the highest rate since July 2022, breaking a two-year trend of low volatility and loose capacity.
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