There is plenty of evidence for increased capacity in the freight market. Volumes are higher than they were in March when the spot market was considered more volatile.
The full brunt of Florence has yet to be felt in the freight market, but there was plenty of regional impact as carriers and shippers scrambled over the past week to mitigate damages.
It looks like the freight market is waking up from the long running summer doldrums, or is it just a byproduct of the pre-holiday shipper procrastination.
This week’s freight market continues the same patter toward stability, but volume remains steady as we move towards a more volatile time of year.
There will be a West Coast gold rush for trucking spot rates. SONAR data is suggesting that trucking spot rates will surge out of Los Angeles, reaching new highs.
