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Recent data from FTR Transportation Intelligence and Q1 data from U.S. Bank confirm that freight rates, spending, and volumes are still down year over year.
Overcapacity, bad weather and weaker retail sales impacted the truck freight market.
MINNEAPOLIS -- The latest U.S. Bank Freight Payment Index revealed that the U.S. truck freight market contracted significantly during the first three
MINNEAPOLIS--(BUSINESS WIRE)--Feb 1, 2024--
Fourth quarter shipments down 15.7% compared to same period a year earlier, while spending by shippers dropped 13.5% ...