In The News
Expedited spot markets crashed harder than regular truckload
Rust Belt automotive volumes continue to disappoint
Companies in the expedited market – which includes truckload, straight truck and Sprinter van freight – said that volumes and rates have fallen faster than the normal truckload spot market, albeit off higher highs.
By now the story of the last trucking cycle is old hat. Regulatory pressure combined with strong economic growth and unusually destructive hurricanes in 2017 fueled a historic run-up in truckload spot prices, which in turn spurred record truck orders, eventually oversupplying the market with capacity and crashing rates by the fourth quarter of 2018...