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A market on the precipice: 5 takeaways from the April State of Freight

Ocean import levels are signaling a big market downturn, even as trucking indicators are not collapsing … yet

John Kingston
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The State of Freight for April looked at the trade war. (Photo: FreightWaves)

Just a few weeks after the March State of Freight webinar, FreightWaves and SONAR CEO Craig Fuller and SONAR Chief of Market Intelligence Zach Strickland took to the same platform with a significantly altered freight market landscape in front of them. 

In March, what was on the table were auto tariffs, now paused. But what happened in the relatively short interim was Liberation Day, and the escalating tariff war with China that has put 145% tariffs on imports from that country, the largest supplier of imported goods to the U.S.

Here are five key points of discussion from Fuller and Strickland.

Freight markets need volumes; what is happening to them so far?

Strickland and Fuller turned to several data series in SONAR to show the state of the market as the era of tariffs takes hold. 

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    John Kingston

    John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.