Category: Market Insights
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July Freight Market Update
Recap of Q2 The second quarter started off routinely until the convergence of Mother’s Day, DOT week, and Memorial Day caused significant disruptions. This combination tightened the market, compounded by driver vacations and the produce season. While it might be premature to declare a market shift, the indicators are aligning. We are noticing increased capacity […]
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Freight Market Update – May 2024
Entering May marks a dynamic shift in the transportation industry. With warmer weather as well as upcoming events like produce season, Mother’s Day, Roadcheck Week, and Memorial Day, anticipate changes in supply and demand. Produce Season With produce season continuing to ramp up in May, the demand for refrigerated trucks starts to surge, resulting in […]
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Navigating 2024: Market Predictions, Company Exits, and Strategies for Success
As we embark on 2024, an election year following the turbulent events of 2020 and the ongoing challenges post pandemic, the market is poised for another unpredictable ride. ELI COO Michael Crosby dives into his predictions of market trends, discussing the impact of company exits on the industry, exploring the prospects of increasing rates, and […]
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MARKET CONDITIONS – HOLIDAY SEASON 2023
STATE OF THE INDUSTRY “The logistics industry is chin deep in a bear market that is affecting companies of all sizes with some running out of air to breathe. The closures of giants like Yellow and Convoy are a glimpse into the overall picture of what is happening in logistics. The downward pressure in the […]
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End of Year Freight Forecast
As we approach the end of October and the holiday season looms, we can anticipate several shifts in the freight market landscape. Dry Van Availability: With the holiday season on the horizon, there’s a surge in consumer goods being transported, primarily via dry vans. This heightened demand is likely to reduce availability and may lead […]