Spot rates are at their lowest point since early 2021.
According to a fourth quarter market update by Uber Freight, demand is subdued while inventory levels remain high. This, combined with a rising number of trucks and drivers, is pushing freight rates down, on both the contracted and spot sides of the market.
www.furnituretoday.com
According to a fourth quarter market update by Uber Freight, demand is subdued while inventory levels remain high. This, combined with a rising number of trucks and drivers, is pushing freight rates down, on both the contracted and spot sides of the market.
Trucking rates continue to fall, but when will they bottom out? - Furniture Today
As demand for goods continues to dip across the U.S., truckers have also slowed down in time for what’s usually considered peak season.
www.furnituretoday.com