If you’re a small carrier, you’re likely wondering what happened to the shift in the market — the key word here is gradual. While many of the signals point to a tightening freight market, the reality is that the road back to a balanced supply-and-demand cycle is moving at a slow crawl rather than a sprint.
According to recent public carrier earnings reports, we’re not yet at a full-scale market correction. As FreightWaves’ JP Hampstead pointed out, progress in tightening capacity and rising...