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A post from Ash M., Account Exec at Trucker Tools, highlights a 205 net loss of MCs last week, a small sign of relief for the overstretched freight market.
DAT's Chief of Analytics, Ken Adamo, also shared his insights on capacity exits, commenting, "We've net lost nearly 36k interstate motor carrier authorities since October of 2022, and that number is still growing."
Alongside these exits, volume trends are stabilizing, matching 2023 levels and hinting at potential growth. However, tender rejections remain low, and diesel prices, though high, show a gradual decline. Equipment-specific insights reveal nuanced market behaviors:
Load-to-truck ratios across the U.S. Image Source: Ash M./LinkedIn
Dry Van rates have dipped, with specific areas showing higher demand.
Reefer volumes increased slightly, indicating regional variances in demand.
Flatbed sees alignment with previous year levels, suggesting a market in transition.
Iβm Adriana, a writer and editor at FreightCaviar. Iβve covered everything from freight tech to industry lawsuits and market shifts, helping scale us to almost 14K subscribers. My goal: to make logistics stories digestible, clear, and fun to read.
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
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