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It’s a mixed bag for truckers. Truckload spot rates continue to bounce along the bottom, while contract business is struggling to hold its own. And while Yellow’s bankruptcy boosted the LTL market for a time, last year’s freight recession continues to linger. Are there any green shoots out there?
It’s a mixed bag for truckers. Truckload spot rates continue to bounce along the bottom, while contract business is struggling to hold its own. And while Yellow’s bankruptcy boosted the LTL market for a time, last year’s freight recession continues to linger. Are there any green shoots out there?
Outlook for trucking conditions may only improve to neutral by the third quarter of 2024, as sector struggles with low freight rates and volatile fuel costs
Outlook for trucking conditions may only improve to neutral by the third quarter of 2024, as sector struggles with low freight rates and volatile fuel costs
Even as trucking begins to find some balance, fleet managers face renewed challenges on many fronts as they work to keep trucks rolling and drive every ounce of efficiency into their operations.
Even as trucking begins to find some balance, fleet managers face renewed challenges on many fronts as they work to keep trucks rolling and drive every ounce of efficiency into their operations.
The motor freight sector has a reputation for foreshadowing economic trends. Entering the spring, freight carriers are cautiously optimistic, yet nervous shippers and a capacity glut could dampen the outlook for the sector’s recovery.
The motor freight sector has a reputation for foreshadowing economic trends. Entering the spring, freight carriers are cautiously optimistic, yet nervous shippers and a capacity glut could dampen the outlook for the sector’s recovery.