On this episode of Midday Market Update, Kaylee Nix and Michael Vincent dive into the aspects of freight that have not cooled off so far in Q2.
In headlines, they discuss an update to Forward Air’s final-mile strategy, a lawsuit over independent worker employment freedom and how President Biden’s demands for freight capacity may go unfulfilled.
FreightWaves Market Expert Zach Strickland answers some tough questions about the elevated tender rejection rates and whether they will ever come down. Then Lead Economist Anthony Smith discusses how gas prices could be signaling inflation on the horizon.
Vincent and Nix welcome Eric Kulisch, FreightWaves air cargo editor, to talk about how difficult it is to source air cargo capacity and how expensive that capacity is to book. He recently wrote an American Shipper exclusive talking about possible conversions of the Airbus A380 passenger jet to carry cargo and whether it is a feasible option for shippers.
PortX Logistics founder Brian Kempistry finishes the show with a discussion about the growing backups plaguing US ports and how there is congestion spillover from the West to the East Coast.