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13 mar 2024 · Because of the impact of higher inflation from driver wages, fuel prices, and interest rates and their downstream effects, FreightRun expects freight rates to go higher in 2024 even if the economy slows down – stagflation is a real possibility.
7 mar 2024 · Shippers seeking the lowest trucking rates should lock them in now, industry experts say. Carriers are beginning to signal improving market trends, and that may mean higher costs in the future for supply chain managers to move freight.
It’s a matter of when, not if, the market will rebound, but there has been much speculation about when that time will actually come. Will the market finally begin to bounce back in 2024? Read on to learn about what recent industry trends and forecasts can tell us as we look to answer that question. Background on the Current Trucking Conditions
While challenges persist, recent insights and projections indicate a gradual shift starting in mid-2024. Full truck freight rates are expected to rise as capacity rebalances are influenced by factors like new truck deliveries, used equipment utilization, and driver shortages.
Truckload contract rates* trended upwards to -5.3%, up from -7.3% Y/Y in Q4 2023. Typically contract rates will lag spot rate activity by two to three quarters, but the turn happened faster in this cycle, lagging by only one quarter.
19 gru 2023 · Low freight rates and high diesel prices made a challenging 2023 for trucking, but many experts are predicting rates and tonnage to bounce back in 2024—though the economy may not warm up...
30 maj 2024 · Freight Rates in 2024. The market has favored shippers, as capacity additions by private fleets last year weighed on for-hire fleets, but most recent Class 8 tractor order and sales data show a decline in equipment additions, a requisite for rates to improve meaningfully.
