Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
Ari Levy reflects on Coyote Logistics 18-year run as RXO completes the acquisition.
Plus, Carrier411 bans the removal of FreightGuards.
Descartes’ report reveals U.S. container imports for July 2023 increased from June, aligning with pre-pandemic seasonal trends.
Descartes Systems Group, a leader in logistics, has unveiled its August Global Shipping Report. According to the report, U.S. container imports for July 2023 saw a 5.1% increase compared to June, reaching 2,187,810 twenty-foot equivalent units (TEUs). While these figures indicate a 13.6% decline from July 2022, they closely match the pre-pandemic rates of July 2019. The growth for the initial seven months of 2023 stays within a 1.7% range of the same period in 2019. EVP Chris Jones of Descartes highlighted that this growth aligns with typical pre-pandemic peak season patterns.
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.
We're breaking down the ten van, reefer, and flatbed lanes with the biggest year-over-year spot rate changes in June. Here's what you need to know.
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