Trucking Industry Update | Freight Rates

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2024 has been an interesting year in many respects. This is especially true in the transportation industry where local, national and global trucking markets have faced unique constraints, wondering if the market would ever return and raise rates back up. Let's meet with Paul Pfeiffer, CFO of Anderson Trucking Service, and get the inside scoop.

The demand for freight remains muted at best and downright sluggish at worst. Inflation is at a 23-year high, with no indication that the Federal Reserve plans to reduce key interest rates. Freight rates remain a thorn in the side of shippers and trucking companies alike.

If you're feeling frustrated, well, I'm right there with you. I'm tempted to hang up my crystal ball for good, despite a few of my predictions for the first half of 2024 ringing true.

Change is coming — just a bit slower than we'd like. We're running this race for endurance, not speed.