Reported 6 months ago
The article discusses the post-holiday bump in freight volumes after Memorial Day in the US, setting the stage for summer shipping. It notes a boost in freight volumes to start June, healthier volume levels compared to last year, and expectations for continued growth in the back half of the year. The analysis highlights factors such as the Outbound Tender Volume Index (OTVI), Contract Load Accepted Volume (CLAV), capacity trends, and the impact of Memorial Day on card spending and market conditions. The article emphasizes the potential effects of Amazon's Prime Day on online retail spending and the evolving market dynamics heading into the summer shipping season.
Source: YAHOO