Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
Descartes’ report reveals U.S. container imports for July 2023 increased from June, aligning with pre-pandemic seasonal trends.
Descartes Systems Group, a leader in logistics, has unveiled its August Global Shipping Report. According to the report, U.S. container imports for July 2023 saw a 5.1% increase compared to June, reaching 2,187,810 twenty-foot equivalent units (TEUs). While these figures indicate a 13.6% decline from July 2022, they closely match the pre-pandemic rates of July 2019. The growth for the initial seven months of 2023 stays within a 1.7% range of the same period in 2019. EVP Chris Jones of Descartes highlighted that this growth aligns with typical pre-pandemic peak season patterns.
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
ACT Research lowers 2025 truck forecasts as inventory hits record levels. FTR reports July Class 8 orders below expectations, signaling market shifts.
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