Q2 2024 freight market update: Key insights and recommendations for shippers and carriers Updated May 8, 2024 As we round out the first half of this year, the freight market continues to remain stable and in shippers’ favor. Consumer spending has recovered from a winter slowdown, and the manufacturing sector has expanded for the first…
Category: Freight Market
If companies have learned one lesson from the pandemic era, it’s that developing agile, proactive operations is key to seamlessly adapt to disruption that turns the market upside down. The shift from a tight market to today’s stable, soft market has given shippers time to reset and refine their logistics programs to drive cost savings…
Carriers’ operating costs show they’re not The cost to operate a truck surged by 21% in 2022, according to the American Transportation Research Institute (ATRI). In a report published in June, ATRI concluded that costs rose above $2.00/mi for the first time, and by a significant margin. The increases were mostly driven by fuel, driver…