Plus: Ten Oaks issues statement following USLS closure, a new bill to combat cargo theft is introduced, and year-over-year trucking costs increased by 6.6%.
Amazon unveils plans for a low-cost storefront featuring Chinese sellers' products, aiming to compete with Temu and Shein in the U.S. market.
ATRI report reveals a 6.6% increase in trucking operational costs during 2023 freight recession. Here's a breakdown of the numbers.
Morgan Stanley's latest TLQURE model forecasts significant increases in truckload spot rates over the next year. What does this mean for the industry?
In a recent report, Morgan Stanley forecasts some big moves for freight spot market rates using its QURE model. Here's a breakdown:
If these predictions hold true, we're looking at a major shift in the trucking landscape.
While these forecasts paint a rosier picture for carriers, it's important to remember they're just predictions. The trucking industry has proven notoriously difficult to forecast.
Source: Morgan Stanley Truck Stop/TLFI June Forecast
Southeastern carriers are rejecting loads at the highest rate since July 2022, breaking a two-year trend of low volatility and loose capacity.
Supply chain professor Jason Miller analyzes June truckload data, suggesting the market won't meaningfully flip to carriers until Q2 2025 at the earliest.
Leathers highlighted that inventory levels have normalized, allowing retailers to enter a replenishment cycle not seen in years.
Despite the challenges, the transportation market shows signs of potential regional balance, particularly in the southern markets.
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