The current trucking market is favorable to shippers, but this advantage is expected to be temporary, with potential rate increases on the horizon. Despite a significant decline in trucking volumes since mid-2022, supply continues to exceed demand, leading to a stabilization of capacity. Shippers have a limited window of 6-8 months to capitalize on market conditions by strategically managing contract and spot rates, strengthening carrier relationships, and leveraging technology. The industry faces ongoing challenges such as regulatory pressures, international disruptions, and economic uncertainties, but also presents opportunities for digital brokers and ecommerce growth. Strategic planning and risk management are crucial for shippers to navigate this dynamic landscape effectively.
Learn more in our latest Distribution & Logistics Industry Update: Domestic Trucking Spotlight:
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