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Relative capacity of dry van equipment has been fairly stable for weeks now, with tender rejections hovering around 5.5% (they’re at 5.6% nationally as we write this note). Spot rates are also fairly stagnant, just up and down on the margins, but we think recent price moves are a near-term bearish signal for West Coast freight markets.
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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.