TL spot rates

Freight shipments and expenditures remained depressed in June, Monday data from Cass Information Systems showed.

First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.

Werner Enterprises’ CEO said Tuesday that the worst of the cycle is in the rearview and that he will remember which shippers stood by the company during the recent freight recession.

Transportation shipments and rates back up during March, according to Cass Information Systems.

A report from Cass Information Systems suggests the current softness in freight markets is likely to hang around for “several more months.”

Shippers are seeing relief in freight costs for the first time in more than two years, according to the December Cass Freight Index.

Management from Landstar System is predicting “another great year” even as spot market fundamentals loosen.

Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.

March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”

Concerns on declining demand and falling freight rates prompted Bank of America to issue ratings downgrades for multiple transportation stocks.

Higher diesel prices also mean higher costs for empty miles.

The Cass Freight Index recovered some of the January volume decline tied to omicron absenteeism throughout the supply chain.