Reported 9 days ago
As October nears, the freight market shows a decline, with spot rates dropping 3% and tender rejection rates decreasing, signaling a reversal from summer tightening. The oversupply of carriers since the pandemic has led to a competitive environment where many smaller operators are exiting. Although short-term disruptions have occurred, long-term capacity exits may indicate that the market is not sustainable, suggesting a potential shift in 2025.
Source: YAHOO