Fleet Owner: Truckload FreightRates Forecast Q22023 Update
Overall, rate movements have aligned with the first forecast we released in October 2022 and the update published in Q1.
Overall, rate movements have aligned with the first forecast we released in October 2022 and the update published in Q1.
With bankruptcy looming for the major LTL carrier and its low-cost services, shippers will likely see rate hikes for similar services.
ACT Research reports higher Class 8 sales in June, adding to elevated levels in May, and the group’s VP attributes the surge, in part, to more operators exiting the market, allowing carriers that remain to refresh their fleets with younger trucks.
Yellow Corp.'s pending bankruptcy is a move that has long seemed inevitable, one that shuts the doors on a company just short of its 100th anniversary and ends a tumultuous 15 years.
Yellow Corp.'s pending bankruptcy is a move that has long seemed inevitable, one that shuts the doors on a company just short of its 100th anniversary and ends a tumultuous 15 years.
The operational shutdown of Yellow Corp, a major U.S. trucking firm, should help prop up industry rates that tumbled after the cargo bubble of the early coronavirus pandemic deflated last year, transportation analysts said.
Like the old joke about economists predicting eight of the last three recessions, in 2021 and 2022 a number of analysts focused the trucking sector forecast an imminent “freight recession.”
The operational shutdown of Yellow Corp (YELL.O), a major U.S. trucking firm, should help prop up industry rates that tumbled after the cargo bubble of the early coronavirus pandemic deflated last year, transportation analysts said.
Earnings plummet as retailers work through swollen inventory and consumers spend more on in-person experiences
Several thousand truck drivers have fled the freight business this year amid one of the harshest freight recessions in memory.