Truckload Carriers See Market Moving Toward Equilibrium | ZeroHedge
By Todd Maiden of FreightWaves
A couple of truckload carriers said the bottom of the cycle has likely occurred but acknowledged that any material positive inflection in fundamentals won’t happen until sometime in 2024. That likely means a “muted peak season” again this year.
He said after months of a very flat freight environment marked by customers rightsizing inventories, there is some merchandise restocking occurring currently. Bruffett noted demand improvement during the (more…)