The State of Freight: A First Look at 2024

FreightWaves’ Fuller and Strickland say capacity remains the issue, but what if it ‘bleeds out’ by the middle of next year?

A freight market in which demand remains healthy and truckload rates remain stuck in a relatively narrow range showing little ability to break out to a higher level was the focus of FreightWaves’ final State of Freight webinar for 2023.

Zach Strickland, FreightWaves’ director of freight market intelligence, kicked things off in his discussion with FreightWaves CEO Craig Fuller on Thursday by noting something that might be missed in a market of spot truckload rates that seem stuck near a bottom: Demand isn’t all that bad.

Read more at https://www.freightwaves.com/news/sta...

0:00 Introduction

Highlights:
1:07 There’s not much sign of a freight recession when volumes are considered
15:19 Outbound Tender Volume Index
25:46 Outbound Tender Market Share

Q&A
40:42 What's the best metric that you are watching that would indicate a positive inflection in the freight recession?
45:22 Do you anticipate that we will reach peak spot levels for truckload in the next upcycle or was COVID a one time event?
48:00 What role do you see technology playing in this state of the industry?
54:17 Between LTL truckload and freight brokers, who will benefit first when the industry turns positive?

56:35 Close


#trucking #logistics #news
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