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.
Despite a decline in US warehouse demand, rents are escalating due to constricted new capacity and stringent lending norms, with Prologis predicting a 10% increase this year; at the same time, building starts have fallen dramatically and available capital has reduced, due to the weakened market and high-interest rates.
Source: The Load Star
Slower demand, but US warehouse rents rise in 'tight and expensive' market https://t.co/j32aR98BPw
— The Loadstar (@theloadstar) June 1, 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.
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