The end of the first quarter will be characterized as a freight frenzy in which volumes surged 30% and capacity quickly tightened to the tune of OTRI nearly reaching 20%. To start Q2, volumes are well below “normal levels” and capacity is extremely loose. Unfortunately, we do not feel we have found the bottom just yet. Until small businesses are operating again, freight volumes will continue to underperform. Also, staggering levels of blank sailings indicate import volumes are going to decline significantly in the coming weeks.  

Members Only

You have selected content that's only available to members of FreightWaves Passport. As a member, you gain immediate access to the most in-depth and informative freight research available. It's your gateway to continuing education.

Members also get:

  • Access to exclusive community dedicated to discussing the most important challenges facing freight.
  • Monthly and Quarterly Freight Market reports keeping you informed of industry trends.
  • Much, much more!

Click below to learn more and sign up today!

Subscribe
Existing Passport subscribers log in above.