U.S. Xpress is going through a reorganization following a recent round of layoffs. The technology-driven Variant program will be merged into a larger Highway Services group, which will include the legacy over-the-road business and the USX freight brokerage.
Reefer demand remains strong heading into late January, breaking seasonal patterns that many have come to expect.
Shippers are requesting as much capacity as ever from maritime shippers in August after slowing their pace through most of the summer. What should we take away from this?
Shippers continue to struggle to find a reliable way to get freight into the U.S., which is causing major changes to surface transportation patterns.
This dip is likely to be temporary.
The market takes a breather this week with tenders down 7% week-over-week.
Tender rejections slip but still elevated.
Tender rejections return to all-time high.
Tender rejections and spot rates also fall slightly.
Spot rates steady well above $3.00 per mile.
