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Comprehensive analysis of the Q2 2023 North American truckload freight rates, including van and reefer rates, along with future predictions based on market trends and predictive models.
As shipping rates fall, many who started trucking companies during the pandemic, like Arnesha Barron, are facing financial hardship. Discover their stories.
Knight-Swift Transportation lowers operating performance forecast due to persistently soft demand in the full truckload market.
The rapid hiring in warehousing during the pandemic slows down, reflecting changes in the labor market and a slowdown in online sales growth.
Amidst a surplus of supply and dropping demand, contract rates in the dry van truckload market continue to experience a downward trend.
Convoy adjusts staffing levels in response to market conditions, underscoring the challenges and resilience in the logistics sector.
Knight-Swift boosts assets with the $808m acquisition of U.S. Xpress, poised to reshape the logistics industry landscape and market dynamics.
Amid weak freight rates and the influx of new ships, container lines like Zim are struggling, looking for ways to reduce their legacy charter liabilities.
Spot market faces a stagnant bottom due to lack of consistent trends. While there are some rate upticks, major surge in rates seems unlikely without a significant market shift.
Despite the deflationary inflection point in Q1 2023, Pickett Research forecasts a shift towards inflation in the TL rate cycle by Q4 2023.
Despite the rise in US manufacturing spending, the expected impact on trucking freight volumes may not be as significant due to industry specifics.
A Federal Reserve Bank of San Francisco research paper suggests 60% of the US inflation surge since 2021 is due to global supply chain disruptions. An easing of these pressures is now evident with lower freight and container rates.
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