FREIGHT RECESSION: MYTH OR REALITY?
Posted on 27 Mar, 2018 by Admin
Well this is a question which swept the whole freight and transportation industry, that whether the freight recession really did happen or was it a myth; most people say that it was real and now the industry was moving to a slow season from a recession. But one thing is for sure, compared to last year; there has been an almost 100 percent increase in freight on spot market.
Contract freight has been slow so more and more carriers have had trucks available on the spot and demand put more carriers dealing with refrigeration in competition of van loads, so both refrigeration and dry van freight’s rates were low.
Demands for vans increased in South of America and load counts in reality went up in Atlanta. Prices started to rise but the number of available trucks increased load availability in Chicago. While vans, reefers have been slow, flatbed rates have been climbing sky high.