Reported about 1 month ago
As Labor Day approaches, freight market activity shows a slight upturn in shipping volumes; however, the overall performance lags significantly behind the peaks observed around the Fourth of July. The FreightWaves Supply Chain Pricing Power Index remains stable at 35, indicating that while tender volumes have increased, rejection rates are also on the rise, reflecting a slower market compared to past holidays. Spot rates have stabilized, and despite challenges in retail sales, major retailers anticipate better consumer spending in the upcoming quarter.
Source: YAHOO