Q3 Freight Rate Report

In the second quarter of 2024, truckload markets continued to benefit from gradual but appreciable demand growth that was nevertheless unable to satisfy the excess capacity lingering on a national level. These two opposing forces make any attempt to point to an industry-wide recovery a complicated one, to put it mildly. Volumes were strong throughout April and downright robust in June, though May’s softness again muddies an otherwise clean narrative of steady growth.

Looking ahead through Q3 2024, freight markets are unlikely to suffer from any absence of demand. Although manufacturers and certain retailers are cautioning of slowdowns in their respective sectors, consumer activity and maritime’s accelerated peak season should more than overcome these headwinds. Overall, the market remains in a state of cautious optimism, tempered by economic uncertainties.

Complete the form below to read our full Freight Rate Report and gain insights into how supply and demand will ebb and flow in the coming months.



Related Posts

Search

Search

What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

Read Recent Posts

September 10, 2024

FreightWaves SONAR August State of Freight

August 16, 2024

FreightWaves SONAR: An Early Warning System for Investors in Emerging Markets

August 16, 2024

FreightWaves SONAR: Data Informs Better Inflation Forecasts for Investors

White Papers
September 13, 2024

Q3 Freight Rate Report

September 10, 2024

FreightWaves SONAR August State of Freight

August 16, 2024

FreightWaves SONAR: An Early Warning System for Investors in Emerging Markets