This is a bi-weekly series that brings the insights we use to get your shipments from A to B from our carrier sales floor to your home office.
This week, Loadsmart’s Chloe Cas, breaks down what happened last week and what to expect this week in the freight market in less than 2 minutes.
WHAT HAPPENED LAST WEEK (JUNE 20 – JUNE 24)
Market indicators leveled out. Rejections at under 8% and tender volumes around the 12,500 mark. Rates also settled back down to their early May level after some holiday volatility with Memorial Day. This time of year tends to bring a more volatile market, due to the EOQ and the 4th of July. This year, we expect the market to be softer due to the decline in consumer consumption. Shippers have also said they are ordering 20-30% less in manufacturing orders.
WHAT TO EXPECT THIS WEEK (JUNE 27 – JULY 1)
The upcoming holiday and the end of the quarter, it could cause some stir. Also with summer in full affect, expect more severe weather in certain markets