At the moment, refrigerated equipment or “reefer” is the strongest segment of the United States trucking industry, with volumes up more than 9% year-over-year. Reefer capacity is looser than 2018-19 levels but much higher than dry van. Reefer outbound tender rejections are currently 10.94% as one in every ten contracted loads is being rejected by carriers.
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John Paul conducts research on multimodal freight markets and holds a Ph.D. in English literature from the University of Michigan. Prior to building a research team at FreightWaves, JP spent two years on the editorial side covering trucking markets, freight brokerage, and M&A.