The folks at Convoy believe that this soft market will continue through the beginning of the new year as demand is declining faster than supply.
Contract rates still face downward pressure, especially for live/live loads.
While freight demand is still present, the industry is seeing a softening.
Solutions like route optimization and real-time visibility are beneficial regardless of what is happening in the market, but these money-saving tools can prove crucial during times of tighter margins.
Learn how Concept Logistics is Using Parade and Tai Customization to Perfect Their Tech Stack
FreightWaves founder and CEO Craig Fuller assesses the potential for a “great purge” in trucking fleets.
Mary O’Connell and David Spencer, director of business intelligence at Arrive Logistics, sit down to talk about the freight market in February and the outlook for 2022.
With spot rates soaring, Edge Logistics President Will Kerr gives his take on where the freight market is going in 2022 during a fireside chat at the FreightWaves Domestic Supply Chain Summit.
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be quite rigid.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
