Trucking Industry Sees Rising Rates Despite Falling Freight Demand
The US trucking market in September saw a decrease in volume but an increase in rates. Experts believe the rate hike wasn't demand-driven, possibly due to capacity imbalance. The peak season outlook is pessimistic, suggesting continued challenges. Freight forwarders and carriers need to strengthen market analysis, optimize operations, and improve service quality to navigate the uncertainty. The rising rates may not be sustainable without corresponding volume growth, indicating a potentially volatile market environment in the coming months.
