The past year has been characterized by plentiful capacity and rock-bottom rates. While the current freight recession has continued longer than initially expected, industry experts are anticipating a significant market shift in the new year.
“Having navigated through a cyclical trough for the ages, both spot and contract truckload linehaul rates are now poised to break materially higher in 2024,” Flock Freight Chief Operating Officer Chris Pickett said.
It’s a well-known — and often...
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