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Southeastern carriers are rejecting loads at the highest rate since July 2022, breaking a two-year trend of low volatility and loose capacity.
The trucking world is seeing some interesting moves down South. Rejection rates are spiking, and it's got industry watchers raising their eyebrows.
"This breaks a trend of nearly two years of low volatility for the region." - Zach Strickland, FW Market Expert
But here's the kicker: This isn't about increased demand. It's all about balance.
"Carriers tend to prioritize covering loads originating in Southern California because they are the most disruptive and provide the most revenue." - Zach Strickland
What we're seeing isn't necessarily a capacity crunch, but more of a capacity mismatch. It's like a giant game of trucking Tetris, and right now, the pieces aren't falling where we need them.
As we head into peak summer shipping, all eyes will be on the Southeast. Will carriers adjust? Will shippers need to open their wallets wider? The next few weeks could tell us a lot about where the market's headed.
Shippers should keep a close eye on rejection rates and be prepared for potential service issues and rate increases, especially in the Southeast. The capacity imbalance may be temporary, but it's a reminder that even in a "loose" market, freight transportation is always subject to volatility.
Source: FreightWaves
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Despite the challenges, the transportation market shows signs of potential regional balance, particularly in the southern markets.
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