Freight market pendulum swings back toward normal

The free-falling freight market may finally be finding a bottom. Shippers shouldn’t count on a return to the go-go days of Covid, but resilient US consumers offer a way out of the morass.

Bank of America Corp.’s biweekly short-term truckload demand indicator increased 10% in the period ending Aug. 10 relative to the same stretch in 2022. This was the first year-over-year increase in 72 weeks, and the benchmark hit the highest level since June 2022, analyst Ken Hoexter wrote in a report. Accurate Transport, a New Jersey-based logistics company that was founded in 1997, had a record day this week for pallet volumes, pickups and revenue in its less-than-truckload business. This segm ..

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