Slow Freight Market Recovery: May 2024 State of Freight Webinar

During the State of Freight webinar last week, Head of Freight Market Intelligence, Zach Strickland, and Senior Analyst, Tony Mulvey, discussed recent macroeconomic and freight market data, noting signs of a slow market recovery. Small truckload carriers are exiting the market while overall demand remains positive. Tender rejections and stable rates have led to cautious optimism among executives. Data suggests a market inflection could occur in the latter half of the year, contrary to earlier predictions.

To read more about what was covered, download the recap.



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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.

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