Reported about 9 hours ago
Seasonal norms are dampening recent improvements in freight markets, with a year-over-year drop of 2% in shipper requests despite increased tender rejection and spot rates. Container ships are avoiding the Red Sea due to profitability from longer routes, while intermodal volume growth remains robust, bolstered by consumer spending and strong imports. In LTL, carriers are implementing general rate increases in line with industry trends. Additionally, changes in consumer behavior due to GLP-1 drug usage impact grocery sales, suggesting a shift towards lower overall spending in affected households.
Source: YAHOO