The close of 2023 is likely something many in freight transportation will celebrate.
Carriers were perhaps the hardest-hit group this year, as surplus capacity in the market pushed down their pricing power. Shippers enjoyed greater pricing power over carriers and have shed most of the excess inventory from last year. While tender volumes, a sign of freight demand, strengthened over the year, levels are a far cry from 2021 and 2022.
FreightWaves and Echo Global Logistics partnered to survey...
https://www.freightwaves.com/news/white-paper-mixed-signals-industry-expectations-for-2024