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U.S. import demand is likely peaking and could soon begin a steady decline toward a “new” bottom in the back half of 2023.

Demand from retail shippers is historically quiet in the period from now until August, after which retailers restock their shelves for the back-to-school season.

If the spread between contract and spot rates narrows, capacity will become increasingly inconsistent in the second half of the year.

Maritime’s peak season — which typically ramps up in August and lasts throughout October — is expected by retailers and supply chain professionals to be weaker than it has been in previous years.

Softening demand in an excess of vessel capacity is putting tremendous downwards pressure on ocean container spot rates.

FreightWaves SONAR has launched the Index-Linked Contracts solution to help shippers and carriers get consistent service and volumes.

Users of Container Atlas can streamline their global supply chains with cutting-edge ocean freight analytics.

Underlying shifts in domestic shipping are showing up in the spot market.

Redwood Logistics and FreightWaves have partnered to unlock the SONAR freight market intelligence platform for OTM users.

There has definitely been a sustainable shift in how freight is distributed domestically.

An unprecedented level of caution among importers likely to cause further declines in import volumes.

Tender rejections have yet to return to mid-May’s all-time low, but their softness could persist in a trough for the next two quarters.

The jury is still out on whether truckload demand has hit the floor.

One last round of bad news to cap this week: China and the U.S. both posted dismal data from their respective industrial economies.

Further downside risks to the U.S. economy are increasing the odds of a further decline in containerized import volumes.

In the May 2023 installment of “The State of Freight,” FreightWaves’ CEO, Craig Fuller, and Head of Freight Market Intelligence, Zach Strickland, discuss the latest industry trends and reveal that we aren’t quite out of the woods when it comes to lack of demand for capacity. While seasonal demand typically elevates during the late spring […]

Volumes did see some growth ahead of the upcoming Memorial Day holiday, though not nearly enough to bust out the champagne and sparklers.

On Wednesday, FreightWaves founder and CEO Craig Fuller sat down with Zach Strickland, FreightWaves’ head of freight market intelligence, to discuss freight market conditions and expectations.

FreightWaves’ “State of Freight” webinar suggests there will be no surge in demand for freight capacity during 2023.

So as not to bury the lede, this week’s lack of change in the PPI might ultimately prove to be the most exciting stability in quite some time.