Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
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David Spencer, VP of Market Intelligence at Arrive Logistics, shares insights on what lies ahead this year and how to navigate an increasingly turbulent market.
Morgan Stanley predicts Q2 2023 to be the bottom of the cycle for trucking companies, with estimates adjusted ahead of the earnings season.
Ahead of the earnings season, Morgan Stanley has adjusted estimates, predicting Q2 2023 as the "peak pain" point for trucking companies and likely the bottom of the cycle. The quarter started with a lack of a spring seasonal pickup, and despite a slight improvement, it was insufficient to salvage the quarter. The firm has reduced forecasts for most carriers significantly, citing persistently soft demand that impacted volumes and pricing.
Source: FreightWaves
Morgan Stanley trimmed estimates Thursday ahead of earnings season. The firm sees the second quarter of 2023 as the point of âpeak painâ for trucking companies and likely the bottom of the cycle.https://t.co/gkjowed4WT
— FreightWaves (@FreightWaves) July 6, 2023
Plus: holiday trucking shutdowns, a broker liability bill facing pushback, DOT threatening funding over failed CDL audits, and more in todayâs newsletter.
Plus: a Wyoming pipeline blast snarls a key freight corridor, brokers double down on U.S.âMexico, truckload hauls shrink to record lows, and more in todayâs newsletter.
Plus: 3,000 drivers sidelined over English tests, DOT fraud crackdown follows FMCSAâs data glitch, two TV cargo theft schemes, and more.
I have spoken to many candidates, and I see a common theme. Freight Fatigue Logistics folks are worn down by
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