Yearend Trucking Market Shows Cooling Demand Trends
DAT reports indicate that the US truckload freight market is facing challenges due to weak demand and excess capacity. While spot rates have seen some increases, the overall trend remains sluggish. Experts believe seasonal rate hikes will squeeze broker margins, potentially leading to more bankruptcies. Logistics companies are advised to refine operations, diversify services, strengthen risk management, and embrace technological innovation to navigate the market downturn.
