TL spot rates

Management from Landstar System is predicting “another great year” even as spot market fundamentals loosen.

Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.

March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”

Concerns on declining demand and falling freight rates prompted Bank of America to issue ratings downgrades for multiple transportation stocks.

Higher diesel prices also mean higher costs for empty miles.

The Cass Freight Index recovered some of the January volume decline tied to omicron absenteeism throughout the supply chain.