Import container volumes continue to point to domestic freight market slowing
Chart of the Week: National Trucking Index – USA, Inbound Ocean TEUs Index – China to USA SONAR: NTI.USA, IOTI.CHNUSA
Back in the early part of the pandemic, companies began to import goods at an incredible pace, leading to the unprecedented rise in the truckload spot market rates. The connection between imports and trucking is not always this consistent, but the pandemic has strengthened their relationship thanks to...
https://www.freightwaves.com/news/import-demand-predicted-trucking-spot-rate-increase-and-decline