Putting a bow on July
Spot rates moved slightly higher in the final week of July, while rejection rates and volume levels continued to retreat from recent highs.
Spot rates moved slightly higher in the final week of July, while rejection rates and volume levels continued to retreat from recent highs.
Spot rates have retreated off their recent high, but remain elevated compared to the rest of the year while demand and rejection rates are following seasonal trends.
The freight market is appearing to stabilize at higher levels after the Fourth of July, setting up for a better second half of 2024.
The freight market was more reactive to the Fourth of July holiday than the year prior, but capacity has been quick to return to the road.
Volumes, rejection rates and spot rates remain elevated, setting the stage for the summer months.
This week in Borderlands: China-to-Mexico freight spurs growth in Laredo, Texas; BNSF sues Texas city over stalled logistics center; RJW Logistics acquires second warehouse near Dallas; and sportswear giant Puma opens distribution center near Phoenix.
Volumes, rejection rates and spot rates remain elevated following the Memorial Day holiday, setting the stage for the summer months.
FreightWaves and DAT squared off during an inaugural event, the “Great Debate — DAT vs. SONAR: Where is the Market Headed Next?”
The industry-leading SONAR data platform announces a number of new releases and enhancements live at the Future of Supply Chain.
Spot rates did eventually see a boost at the start of the new year, albeit one that was unable to meet our prior forecasts.