We’ve been in a down cycle since 2022. That’s no secret. But what’s different now is how many signals left an impression that we were climbing out only to get blindsided by a downturn again.
Back in January, we saw a little life. Spot rates pushed upward, volumes ticked up, and there was hope that just maybe we were on the upswing. Fast forward to April and reality’s hit like a ton of bricks.
Tariffs are putting pressure on imports; the NASDAQ just had its worst single-day performance since May...