Depressed freight sector "rebalances" in May as it nears a turning point
Freight statistics slow their decline as they prepare to switch from negative to positive trendlines, ACT Research says
Source: dcvelocity.com
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Economic Trucking Trends: Stabilization the theme of the week
From spot market rates to repair and labor costs, stabilization is the theme for this week’s Economic Trucking Trends. Spot market rates may have
Source: trucknews.com
U.S. freight cycle near bottom
Near-term freight volume outlook remains muted but seasonal increases in freight later this year will likely meet tighter capacity.
Source: ccjdigital.com
Freight shipments, spend see largest y/y declines this cycle
Freight volumes and spending fell sharply in May, but Cass Information Systems maintains an outlook that the bottom of the cycle is near. The post Freight shipments, spend see largest y/y declines this cycle appeared first on FreightWaves.
Source: yahoo.com
Analysts agree trucking conditions, rates are bottoming, but when will the uptick start?
The freight situation isn’t getting any better, according to industry experts. Most analysts reported a decline in April freight volumes from March. One
Source: thetrucker.com