FreightWaves CEO and founder Craig Fuller and Head of Freight Market Intelligence Zach Strickland discussed global supply chain conditions in the latest “State of Freight” webinar.
The conversation came at a moment when supply chain participants are waiting to see whether the spring shipping season — which includes Florida and California produce — will be enough to heat up freight markets. In February, trucking spot rates were near the break-even point for many carriers, depending on their costs of equipment and capital, while capacity remained very loose and volumes were relatively flat.
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