The automotive, chemicals, and food industries are fueling North American economic integration.

Rejections and rates set to go higher from here on sustained shifts in consumer behavior.

We don't think that capacity will loosen soon, but upward pressure on contract rates will take time.

Trucking markets are increasingly diverging from seasonal patterns.

The summer rally has already been stronger and longer than in 2018 and 2019.

126 of 135 freight markets saw tighter trucking capacity than they did last week.

Now volumes are only down 3.36% year-over-year.

If volumes ramp, Q2 could also be challenging for freight brokers.

In Q1, some railroads grew intermodal (Canadian Pacific), some kept it flat (CSX), while others saw steep declines (Union Pacific).

Keep an eye on markets important to Texas, including Los Angeles, Phoenix, and Dallas, over the next week.