Entering the third quarter of 2023, the freight market is at a crossroads, teetering between tumult and a potential step toward balance. The first half of the year, best characterized by a capacity glut that pushed truckload spot rates underwater, has shown signs of bottoming. Now, the turmoil at major carriers is beginning to make its mark, and freight sentiment is changing.
Yellow (NASDAQ: YELL), the troubled Kansas-based less-than-truckload carrier, is struggling to stay afloat, pressured by...
https://www.freightwaves.com/news/shipper-sentiment-is-sinking-is-the-freight-market-turning