Persistently higher inventory levels are causing a drag on truckload tender volumes as 2023 begins. 2019 and 2018 SONAR data indicates we may approach levels of pre-pandemic seasonality, but higher truckload capacity will continue to negatively impact rates until enough truckload supply leaves the market.
The truckload spot market has fallen apart over the past two months. Larger fleets are in far better shape for weathering the storm.
During FreightWaves’ Enterprise Fleet Summit, experts discussed how fleets can adapt to rapidly changing fuel prices.