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As Freight Rates continue showing positive gains, now is the time to take steps to reduce your costs and optimize transportation management. Reach out to us at Loadsmart to learn how we can help you with a Customized Managed Transportation Solution that addresses your specific needs. It all starts with an initial conversation!

The freight recession drags on. Monthly #freight market reports find that volumes, rates, market capacity, and #driver availability continued to decline month over month and year over year in April. Read more about April's market reports on FleetOwner: https://lnkd.in/gK9kdbdf

The freight industry continues to grapple with low rates and volumes. Excess carrier capacity contributes to this drawn-out freight recession; there are still roughly 15% more drivers today than in March 2020, according to analysts at FTR Transportation Intelligence. April saw continued month-over-month and year-over-year declines across volumes, pricing, and more, according to monthly freight market reports from ACT Research, the American Trucking Associations, and the Bureau of Transportation Statistics.

Measured shipment volumes and linehaul rates from Cass Information Systems suggest that, while market conditions are still down year over year, a freight upturn might be on its way. https://bit.ly/3UO8fkg

💰 While the recent increase in freight spot rates brought some relief to carriers in this tough market, it’s still too early to conclude that the market has already turned. 🚛 Freight demand is highly seasonal, especially during this time of the year. In some markets (such as Florida), #trucking spot rates increase by about 15% to 20% from their year averages in June (top chart). However, rates in these markets are expected to drop sharply in the coming two months if typical seasonality holds. ⌛Given that current spot rates remain well below operating costs, carriers are gradually exiting the market, and demand is slowly recovering, rates are likely to rise further. However, this should be a slow and gradual process, unless an unexpected event disrupts the freight market

The April edition of the Arrive Freight Market Update is available now! Soft market conditions continued in March due to slow capacity exits, flat demand and no significant disruptions. But with produce season ramping up and the 100 Days of Summer fast approaching, we’re expecting some regional volatility, with rates potentially increasing. Read the full report and get up to speed on everything you need to know regarding the future state of freight market. https://lnkd.in/ghzujJR2 #ArriveInsights #MarketUpdate

You can just about hear a collective, hopeful whisper from an entire industry: "Please let it be so..." Measured shipment volumes and linehaul rates from Cass Information Systems suggest that, while trucking market conditions are still down year over year, a freight upturn might be on its way. Jeremy Wolfe has the latest data at FleetOwner. #trucking #transportation #logistics #freight #economy

#Freight recovery or simply seasonality? While the recent increase in freight spot rates brought some relief to carriers in this tough market, it’s still too early to conclude that the market has already turned. Freight demand is highly seasonal, especially during this time of the year. In some markets (such as Florida), #trucking spot rates increase by about 15% to 20% from their year averages in June. However, rates in these markets are expected to drop sharply in the coming two months if typical seasonality holds. Given that current spot rates remain well below operating costs, carriers are gradually exiting the market, and demand is slowly recovering, rates are likely to rise further. However, this should be a slow and gradual process, unless an unexpected event disrupts the freight market. In the video below, I show the average dry van spot rate by month compared to the year average in each market.

See our first ever domestic freight market report and outlook. We are currently using Federal Reserve Economic Data (FRED) for our economic #analysis but would appreciate additional feedback from #supplychain and #logistics professionals on what additional data points would be helpful to you, from a domestic #freight standpoint. Our conclusions are: 1. There is very little economic data supporting the narrative that freight rates will rise significantly this year.  2. The FTL market will remain stagnant for the foreseeable future, and there is actually a chance of prices coming further down if diesel prices continue to drop this summer. 3. The LTL market has been on its way up since Yellow's business was absorbed by the other players, but we do not expect that to continue for 2024 due to the referenced economic data. In short, there is no time like the present to shift some of your freight to Partial Truckload. Visit our website or view our articles here on LinkedIn to learn more about what Partial Truckload is and how it can help you to cut costs, minimize damage in transit, and shrink your carbon footprint! #transportation #shipping #trucking

US ports are busy, but there remains plenty of excess capacity in the trucking freight transportation market. April saw declines in volumes and pricing. Pro tip for shippers: to maximize savings, consolidate shipments to take advantage of bargain truckload rates. https://lnkd.in/gMvPkkqc #trucking #freight #fleets #shipping #shippers #transportation