If your business thrives when spot rates are high, there is both good and bad news. The bad news is that those rates haven’t found a floor yet. The good news is that they likely will in the next three to six months, and then start climbing again in the second half of 2023.
At least that’s the most widely shared opinion of the nearly 400 carriers and brokers/3PLs that FreightWaves Research surveyed last week. Asked when spot rates would hit rock bottom in the current cycle, 44.05% answered Q1...
https://www.freightwaves.com/news/when-will-the-spot-market-bottom-out