To say the least, the last few years for the transportation industry have been turbulent.
Motor carriers enjoyed elevated demand from mid-2020 through spring ’22, an environment that provided plenty of freight for them to move and stronger rates as consumers spent their stimulus dollars.
But a drop-off in demand came on quite suddenly during the second half of last year. As a result, rates dropped and tender volume rejections sank to near 2019 “bloodbath” lows, where they continue to hover, as...
https://www.freightwaves.com/news/current-market-a-hindrance-for-carriers-and-brokers-alike