Appearing at Bank of America’s annual transportation conference, management from some of the nation’s biggest fleets said they haven’t seen any changes in customer demand since reporting first-quarter results a few weeks ago. Management teams acknowledged the sharp decline in spot market fundamentals at the event but said some of that has to do with the relative strength in contract rates, which is driving better adherence to routing guides.
Big carriers largely haul freight under contract, and...
https://www.freightwaves.com/news/large-carriers-still-seeing-strong-demand-midway-through-q2