Freight news and product updates

Expect the gap between contracted rates and spot to narrow in early 2023 as shippers reset contracts. Balancing cost and service necessary for weathering any 2023 volatility becomes critical. Best-in-class shippers are contracting static volumes and exploring more elastic solutions for volatile or lower-volume lanes.

While some capacity is leaving the market, early signs point towards lower holiday demand and a continued soft market into 2023.

Overall consumer spending in Q3 2022 remains near historic highs, but other factors suggest spending is becoming unsustainable.