Tender Lead Times
Loaded and Rolling: RXO: Too much trucking capacity heading into 2024
RXO: Too much trucking capacity heading into 2024
On Wednesday, FreightWaves hosted the Domestic Supply Chain Summit, a virtual event with RXO Chief Strategy Officer Jared Weisfeld as the keynote speaker. The interview, conducted by enterprise trucking carrier expert Thomas Wasson, included an outlook for 2024 and highlighted the biggest supply chain challenges and opportunities. RXO is the freight brokerage that was spun off from LTL carrier XPO last year.
Excess...
Loaded and Rolling: Morgan Stanley sees freight industry move ‘deeper into limbo’
Morgan Stanley report touts positive signs but market ‘deeper into limbo’
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock. One trend the report highlighted is how shippers are waiting on more consumer buying intentions before moving goods as excess transportation capacity remains abundant.
FreightWaves’ Todd...