Carriers are still exercising optionality and charging a premium to drive into backhaul markets.
Expect volatility to the upside in Q4.
Everything is in place for a face-ripping rally in Q4.
Relationships between shippers and transportation providers are being reshuffled.
Los Angeles and Dallas are driving the national market.
The automotive, chemicals, and food industries are fueling North American economic integration.
We don't think that capacity will loosen soon, but upward pressure on contract rates will take time.
The summer rally has already been stronger and longer than in 2018 and 2019.
The Freight Intel Group at FreightWaves thought it would be interesting to compare the year-over-year growth in credit card spending data to the year-over-year movements in FreightWaves’ Outbound Tender Volume Index (SONAR: OTVIY) since the COVID-19 induced lockdown and recession began in early March 2020. Bank of America Merrill Lynch