Freight Shipments Plunge: Is a Recovery on the Horizon?

Freight Shipments PLUMMET! New data reveals the steepest drop in nearly a year, signaling an accelerating slowdown tied to struggling LTL shipments and soft industrial activity. While truckload and intermodal saw slight gains, overall freight costs dipped for the first time in five months. Surprisingly, rates jumped due to a shift from LTL to truckload. Is the trade war to blame? Experts predict potential recovery hinges on production cuts and a tighter capacity market. Hosted on Acast. See acast.com/privacy for more information.