Inbound container volumes cloud freight rebound
SONAR ocean container booking data suggests that the predicted freight rebound in the second half of 2023 may be increasingly unlikely. Import and ocean container booking data is typically used as a leading indicator for future truckload volumes, as containers are offloaded in ports and transferred into intermodal or truckload orders. FreightWaves’ Henry Byers, head of ocean intelligence, notes that 2023 container...