Old Dominion, ArcBest report sluggish monthly
Donald Broughton, FreightWaves’ chief market strategist, helps explain the U.S. economy in a multi-part series. This article focuses on the industrial economy of the U.S., which is critical to the overall health of the nation.
Large markets lost market share and reefer capacity loosened across the Midwest, but some markets look more favorable for carriers.
The November Market Update, presented in partnership with Convoy, featured FreightWaves CEO Craig Fuller and Chief Economist Ibrahiim Bayaan, who discussed macroeconomic data and trends in freight markets.
The freight market continues to stabilize, but there should be a little fuel left in the tank for one more seasonal push before the holidays.
Parcel volumes associated with e-commerce continue to show outstanding rates of growth, with both FedEx and UPS reporting strong U.S. domestic volumes, but the current strength is more than just the ongoing growth of e-commerce.
There remains plenty of industrial activity to support continued strength for the general economy and freight demand in particular, says Jonathan Starks of FTR, in the firm’s August market analysis.