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Leathers highlighted that inventory levels have normalized, allowing retailers to enter a replenishment cycle not seen in years.
Werner Enterprises CEO Derek Leathers shared optimistic insights at the Wells Fargo 2024 Industrials Conference, suggesting the freight market is on the verge of a significant adjustment.
Leathers highlighted that inventory levels have normalized, allowing retailers to enter a replenishment cycle not seen in years. This shift could signal a recovery for the trucking industry, which has been in a freight recession for nearly two years.
Key Points:
Leathers emphasized that Werner Enterprises remains disciplined with rates, holding firm on pricing to navigate the market's challenges effectively.
Source: Transport Topics
Morgan Stanley's latest TLQURE model forecasts significant increases in truckload spot rates over the next year. What does this mean for the industry?
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.
Despite the challenges, the transportation market shows signs of potential regional balance, particularly in the southern markets.
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