Reported about 8 hours ago
The truckload market is facing delays in its anticipated recovery due to ongoing economic uncertainty, resulting in a decrease in demand by approximately 30% from peak COVID levels. While there was a brief increase in rejection rates suggesting a tightening capacity, the overall market remains weak with significant inventory sitting idle. Factors such as a protracted trade policy uncertainty and a weakening labor market further complicate the scenario. Though the market is not in a favorable position, it may react sharply to improving macroeconomic conditions.
Source: YAHOO