soft freight market

Brokerages that already have customer contracts allow agents more rate stability

A broker’s main job is to find carriers to move freight for shippers, but the reality is that brokers often spend more time than necessary focusing on cash flow management and getting carriers paid.

Wall Street is in a panic over fears that the truckload sector has peaked. Wall Street is wrong. We break down the reasons using data from SONAR.

Tender rejections continue to fall towards the May 2nd low, indicating that capacity is loosening in the market. If it reaches the critical level of 19.12%, it could mean that the rest of the summer will be disappointing for carriers that reported a bullish summer outlook.

July has started off slower than carriers would like, showing normal freight patterns. Softer demand is also impacting utilization in the market.