US Trucking Demand Slows in July Due to Oversupply
The US spot freight market cooled in late July, with excess capacity putting downward pressure on prices. Freight volumes decreased across dry van, refrigerated, and flatbed sectors, leading to falling freight rates. DAT analysts suggest weak agricultural shipments are a contributing factor. Shippers are advised to leverage excess capacity to negotiate rates, while carriers should optimize operations. Industry observers should pay attention to macroeconomic trends. The market downturn highlights the impact of supply and demand imbalances in the freight industry.
