Q4 2023 SHIPPER RATE REPORT

Stability reigned supreme among truckload markets in the third quarter of 2023. This stability was inherited from the first half of the year, the latter part of which suffered what is likely to be this cycle’s bottom. Thus, Q3 2023 marked the faint beginnings of the industry’s recovery, a recovery characterized by stepwise growth and a return to seasonal norms. That the industry is recovering from a recession is further implied by a growing number of parallels between current market conditions and those of 2019, when the market was similarly returning to normalcy after a sharp downturn.

FreightWaves SONAR is the industry’s most comprehensive freight forecasting and analytics platform, providing high-frequency supply chain market intelligence and visibility into the freight marketplace — across all modes and at local, state, national and global levels. SONAR’s price, demand and capacity data allow customers to benchmark, analyze, monitor and forecast the global physical economy. As the leading provider of global supply chain intelligence, our mission is to bring transparency to all parts of the supply chain for better decision-making and performance. Learn more at SONAR.freightwaves.com.

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