Market Trends

Weakness continues in all markets excluding the Southwest.  With Van and Reefer markets at +5.1% and +8.6% to 2024H1 baselines.

All other markets are relatively quiet with the Northwest showing -5.8% and -6.0% compared to 2024H1 for Van and Reefer baselines.

While the industry patiently waits for a rebound, 2024H1 showed some seasonal trends but was far below what most hoped for. With the obvious uncertainty of the Fed’s interest rate policy and a looming election, any significant improvements are difficult to forecast.  Expectations for the remainder of the year are muted as a result.

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