Originally published at: The Freight Market Is Sending Two Completely Different Signals Right Now - Here Is How to Read Both of Them - FreightWaves
The freight market is improving. That part is true. Spot rates on the Sonar National Truckload Index climbed from around $2.60 per mile in mid-January to nearly $2.82 by February — a 20-cent jump that had carriers posting on social media for the first time in years without the word “survival” attached to it. Tender…
I get the demand component, but with the bad actors being removed from the market, the remaining legitimate carriers will need to be profitable or supply will adjust to lower demand.